First lockdown, now inflation: Could surging prices wipe out spending power?
18 February 2022 | 11:06 am
Could inflation prove more perilous to livelihoods than lockdown? The latest figures from France and its neighbours show light at the end of the public health crisis tunnel, but there's no time to celebrate. The recovery has spawned a bidding war over goods and raw materials that's cancelled out wage hikes for an in-demand labour force.
On the 20th anniversary of the arrival of the US' first detainees at Guantanamo Bay, DW spoke about the situation with a human rights expert as well as the man tasked with closing the prison back in 2013.
Inflation in the United States has jumped to 7%, the highest increase in nearly four decades. The Federal Reserve has already begun removing pandemic-related stimulus.
A deal between the Nigerian Government and Siemens Energy is expected to increase the country’s power supply to 7,000 megawatts by the end of this year through 200 power transmission and distribution projects.
Brent crude topped $88 a barrel in Tuesday trading, its highest level since October 2014 - creating a further potential headache for squeezed UK consumers if the increase is passed on to petrol pumps.
With prices at the pump surging and a showdown looming with major gas supplier Russia, the French president addressed the European Parliament to mark France's rotating presidency of the bloc. We ask about what Emmanuel Macron said and didn't say about the highest fuel prices in seven years with some of Paris's petrol stations asking two euros a litre at the pump.
During a press conference to mark his first year in office, US President Joe Biden cited high prices as one of the biggest problems facing the United States. Inflation hit a 40-year high of 7 percent in December. Our correspondents report from Washington on how a higher cost of living is driving many workers to change jobs for higher pay, and FRANCE 24's Business Editor Stephen Carroll looks at how the French government is tackling this issue.
The US saw 7% year-over-year price increases in December, the largest hike in nearly four decades. This comes as omicron threatens to snarl supply chains once again.
Find these stories and much more when you grab a copy of The Guardian on Tuesday.
Burkina Faso's military announced on state TV that it had taken control of the country after detaining President Roch Kabore.
A tweet claiming that Covid-19 vaccines were destroyed in Nigeria because of people power has been shown to be untrue. Vaccines were indeed trashed by the authorities, but this was due to low uptake as a result of vaccine hesitancy. We also take a look at a false claim that there are huge protests in Paris right now over pension reforms.
In Turkey, inflation reached a record annual rate of 36 percent at the end of 2021. The Turkish lira has plummeted and in supermarkets, workers are forced to change price tags on basic necessities several times a day. Turks are increasingly struggling to buy staple foods like flour and milk. While some have taken to satirising the crisis on social media, protests remain rare out of fear of repression. Our France 2 colleagues report, with FRANCE 24's Camille Nedelec.
Germany has objected to draft EU plans to label nuclear power plants as an environmentally friendly energy source that can help countries reach their climate change goals. Chancellor Olaf Scholz's new three-party coalition government voiced its objections in a formal letter to Brussels, ministers said on Saturday.
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