⅔: Ireland is suffering from a serious housing crisis. Rents are so high that some two-thirds of Irish young adults live with their parents, which is nearly 20 points higher than the EU average. Experts blame a failure to invest in social housing and an overreliance on market solutions, which created incentives for developers to build luxury or short-term rental properties rather than lower or middle-income housing.
8: Russia’s commercial airline industry is hitting some serious turbulence. In the first eight days of December, according to a new report, Russian civilian airliners suffered at least eight separate serious mechanical failures. The rash of incidents is part of a wider problem: Western sanctions preventing the delivery of parts and service to Western-made aircraft in Russia are causing Russia’s commercial fleets to fall apart,
65: Houthi airstrikes on commercial ships navigating the Red Sea have caused cargo volumes through that waterway to fall 65% from normal levels. On Tuesday, even after two rounds of US-led airstrikes on Houthi targets, a Houthi missile struck a Greek-owned ship off the Yemeni coast. The Houthis say they’ll stop when there’s a cease-fire in Gaza, a call echoed by Qatar’s prime minister on Tuesday at Davos. (See our explainer on why Qatar is a small country with big influence these days.)
