Inflation hits happy hour, as Heineken increases prices
17 February 2022 | 12:03 pm
Heineken is raising the price of a pint, as supply shortages and high costs hit the beer-brewing business. It's a concrete example of how inflation is affecting both businesses and consumers. Meanwhile, inflation in the UK has hit a 30-year high, and French shoppers are worried about their purchasing power.
16 Dec 2021
Lawmakers in the United States have voted to raise the government's borrowing limit by $2.5 trillion, narrowly avoiding a catastrophic default. The Senate passed the measure 50-49. The new debt ceiling will give the US government enough space to borrow until 2023, after the midterm elections. Focus in Washington will now return to whether President Joe Biden can get his $1.75 trillion social spending plan, "Build Back Better", passed by the end of the year.
22 Dec 2021
Find these stories and much more when you grab a copy of The Guardian on Wednesday.
25 Dec 2021
2021 brought big changes to households and businesses around the world. In the last show of the season, Stephen Carroll and Kate Moody take a look at some of the biggest business and economic stories of the year and how they might evolve in 2022.
The Turkish lira has been hitting all-time lows against the US dollar and the euro in recent months and inflation is soaring, but President Recep Tayyip Erdogan is unfazed.
Inflation in Turkey has soared to its highest level in nearly two decades. Despite the 36% surge in consumer prices, President Recep Tayyip Erdogan has defended his unorthodox economic vision. France 24 Correspondent Jasper Mortimer has the latest from Ankara. Also in the show - the French government expands emergency support for businesses affected by the pandemic, and Apple becomes the first US company to be worth $3 trillion.
Turkey's President Recep Tayyip Erdogan is defying the standard prescriptions for inflation – the country's worst in nearly two decades – by burning through currency reserves and central bank governors to keep interest rates low. As those reserves dwindle and lines lengthen at subsidised bakeries, we ask our guests about the impact on ordinary citizens and why Erdogan is holding out, with cues to booming exports which he says are the flipside of a plummeting lira.
The rate of price rises across the 38 members of the OECD hit 5.8 percent in November, the highest since 1996. In the United States, the head of the Federal Reserve, Jerome Powell, has warned that high inflation poses a "severe threat" to the jobs market, ahead of the release of the latest figures there on Wednesday. FRANCE 24's Business Editor Stephen Carroll examine the factors driving the spike in inflation, and how long it might last.
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.
Small business owners and shoppers in a Washington, D.C. neighborhood on Wednesday said they were struggling to adjust to rising prices, amid the highest inflation in nearly 40 years.
US consumer prices rose last year at the highest rate in four decades. With inflation at 7% in 2021, US consumers have not seen prices soar so much since the early 1980s.
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.
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