Inflation rate rises to 12.40% in May 2020 – NBS

Most countries have now signed up to a historic deal to ensure a minimum 15% corporate tax rate. Only four smaller economies are still holding back.

In eight areas of Germany, the incidence rate has crossed 500 per 100,000 people in 10- to 19-year-olds, according to the Robert Koch Institute. Follow DW for the latest.

The number of COVID-19 cases in Germany has risen sharply in the past week, reaching the previous milestone of 100 cases per 100,000 people. This time around, though, it's the number of hospitalizations that count.

Leaders of G20 nations endorsed a landmark deal to establish a global minimum tax rate. They were, however, at odds on issues like coronavirus vaccines and fighting climate change.

The number of cases has beaten a record set in December 2020. Health officials are set to meet to discuss the possibility of new restrictions for the unvaccinated.

The number of new coronavirus cases over the past week has reached a new record as infections continue to surge throughout the country.

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has voted unanimously to retain the benchmark interest rate (MPR) at 11.5%, whilst keeping all other monetary parameters constant.

After hitting historic lows on Tuesday, Turkey's currency has recovered slightly. The lira has lost 40% of its value against the US dollar since the start of the year, amid a series of controversial interest rate cuts and double-digit inflation.

The Federal Reserve is paving the way for possible interest rate hikes next year, in an effort to contain stubbornly high inflation. At the conclusion of a two-day policy meeting Wednesday, the central bank announced plans to phase out its large-scale bond-buying program faster than initially planned. The Fed started purchasing bonds during the pandemic as a way to keep borrowing costs across the economy low and to prevent any market disruptions.

The omicron variant of the coronavirus is less likely to land patients in hospital in comparison with delta.

Although Germany isn't logging record cases like its neighbors, Health Minister Lauterbach said current figures don't show the whole picture. Data reporting has slowed over the holidays — but the omicron variant has not.

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.