Key Highlights from Last Week: Fuel Price Increases, SpaceX IPO, and More
Petrol and diesel prices hiked twice, SpaceX IPO and more: The week in 5 charts
Image: The Hindu
Last week saw significant events including two hikes in petrol and diesel prices, a demographic report indicating India's transition, an Ebola outbreak in Africa, SpaceX's IPO prospectus release, and Arsenal winning the Premier League after 22 years. These developments reflect ongoing economic and health challenges as well as notable achievements in sports.
- 01Fuel prices in India increased by approximately ₹4.8 per litre over three hikes, with the latest on May 23 raising prices by an average of 90 paise per litre.
- 02India's birth rate has decreased from 21 in 2014 to 18.3 in 2024, while the infant mortality rate has dropped from 39 to 24, indicating improvements in healthcare.
- 03The Ebola outbreak in the Democratic Republic of Congo has reported over 900 cases and 110 deaths, prompting a national emergency declaration by the WHO.
- 04SpaceX aims to raise $75 billion in the largest IPO in U.S. history, focusing on artificial intelligence and connectivity as key growth areas.
- 05Arsenal won the Premier League title for the first time in 22 years after defeating Crystal Palace, marking a significant achievement in English football.
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In the past week, India witnessed two hikes in petrol and diesel prices, totaling approximately ₹4.8 per litre across three increases since May 15, with the latest hike occurring on May 23. Concurrently, the Sample Registration System (SRS) 2024 revealed a demographic shift in India, showing a decline in birth and infant mortality rates, although rural areas still lag behind urban regions. In Africa, an Ebola outbreak in the Democratic Republic of Congo has led to over 900 cases and 110 deaths, prompting the World Health Organisation to declare a national emergency. On the business front, SpaceX released its IPO prospectus, targeting a record $75 billion raise, with a strong focus on artificial intelligence and connectivity. In sports, Arsenal celebrated a long-awaited Premier League victory, lifting the trophy after 22 years, following a decisive win against Crystal Palace. These events highlight significant economic, health, and cultural developments.
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The rise in fuel prices is expected to affect transportation costs and consumer prices across various sectors in India.
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