London’s Heathrow airport is set to have its busiest festive period ever, with a 21% increase in passenger volumes on Christmas Day following a record-breaking year of travel. Airlines in Europe, including United Airlines, are experiencing strong demand for flights despite falling ticket prices, with United expecting its busiest holiday period yet. Tour operator Tui reports a 4% increase in winter bookings, driven by short and medium-haul destinations, while consumers are opting for package holidays to manage costs amid inflationary pressures.
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US inflation fell more than expected to 2.8% in February
US inflation fell to 2.8% in February, below expectations, prompting speculation of Federal Reserve interest rate cuts amid slowing economic growth. President Trump's tariffs have caused uncertainty and market volatility, with concerns over potential inflationary impacts. The Bank of Canada also cut rates due to trade tensions, while sectors like medical care and used cars saw price increases in February. Full Article
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