Prospect of US interest rate hikes sends stock markets tumbling
29 January 2022 | 12:47 pm
Stock markets slumped in Asia on Thursday and European shares started the day's trading in the red, after signals from the US Federal Reserve that it could raise interest rates more than three times in 2022. Fed Chair Jerome Powell said the central bank's policy committee was "of a mind" to start raising rates in March, and that it would be guided by the economic data. FRANCE 24's Business Editor Stephen Carroll looks at market reaction to the announcements.
We begin in Kazakhstan, where the country's president has given the green light to security forces to shoot to kill those taking part in the unrest that's been sweeping the Central Asian nation this week. Dozens of people have been killed in the violence which erupted after a sharp increase in fuel prices, reflecting wider discontent with authoritarian rule. In response to a call from President Kassym-Jomart Tokayev, Russian-led troops have already begun arriving in Kazakhstan.
Two voting rights bills are currently being blocked from debate by Republican senators. The legislation would represent the biggest overhaul of the US electoral system in a generation.
A judge in the United States rejected an attempt by British Prince Andrew to dismiss a sexual abuse lawsuit filed against him.
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.
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.
This week, Joe Biden made a passionate speech on voting rights, comparing that fight to the battle to end racial segregation in the 1960s. For the first time ever, the US president is directly pushing to get rid of a vote-blocking device in the Senate known as the filibuster. That requires close to two thirds of senators to pass a bill, as opposed to a simple majority. Biden, a former senator himself, says the voting rights issue is a "battle for America's soul".
Two separate studies showed that 2021 was among the warmest years in the overall record, which goes back to 1880. The data underscores the global climate crisis.
Every year, more than 100,000 Mexicans living in the United States are deported to Mexico. Many of them have grown up and spent decades in the US, working, paying taxes and starting families. Some of them don't even speak Spanish. In a matter of days, they find themselves taken from their children and loved ones and escorted across the border, unable to appeal their deportation. FRANCE 24 brings you a special full-length documentary on their plight.
Guatemalan authorities have said they are working "humanely" to return people to their countries of origin. Over the past year, large caravans of migrants have been stopped trying to cross Central American countries.
The United States has accused Russia of planning a so-called “false flag” operation in eastern Ukraine, in an attempt to create an excuse for an invasion. The Pentagon says there is evidence Russian agents might already be in the country to carry out acts of sabotage and blame Ukraine for them.
After a pause due to the pandemic, Dion had been scheduled to resume her world tour in November 2021 with a slate of performances in Las Vegas. Those dates were canceled in October after she began “experiencing severe and persistent muscle spasms,” she said at the time on Twitter.
Airlines are concerned that the technology, which is planned to be rolled out as early as Wednesday, could have serious consequences. They warn if implemented near airports, 5G could interfere with gauging altitude.
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