French baker’s wood-fired oven saves on energy costs

Inflation is continuing to soar in advanced economies around the world. In the UK, the consumer price index rose by 4.2 percent in October, the highest in a decade, while the eurozone's inflation rate hit a 13-year high. Also in the show: the EU proposes new rules to combat deforestation, and thousands of Chinese millennials seek a new life on rural farms.

German chancellor addresses spiraling energy costs: Nina Haase reports

The windfall levy on energy companies that European Commission President Ursula von der Leyen is proposing could make billions of euros available to cushion the blow of soaring energy costs. That's likely to come as welcome news to many households.

Non-profit organizations help people in need, but they often have no financial reserves. Due to increasing energy costs, these charities are now facing hard times.

The EU Commission has laid out an energy plan ahead of a key summit of European leaders. Member states have promoted varying solutions to high gas prices.

The windfall levy on energy companies that European Commission President Ursula von der Leyen is proposing could make billions of euros available to cushion the blow of soaring energy costs. That's likely to come as welcome news to many households.

France's cost of living crisis shows signs of stabilizing, as inflation dropped from 7.1% to 6.7% in December. It's among the lowest levels in the Eurozone, but many households and businesses are still struggling. French bakers are asking for more financial aid, with the cost of flour up a staggering 45%.

France's cost-of-living crisis shows signs of stabilising, as inflation dropped from 7.1 percent to 6.7 percent in December. It's among the lowest levels in the eurozone, but many households and businesses are still struggling.