Turkey’s inflation soars to 36% as Erdogan stays the course
05 January 2022 | 10:19 am
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.
Rescuers worked on Saturday to free more than a dozen miners still thought to be trapped underground at a coal pit in northern Turkey, where a methane blast a day earlier killed at least 28 people. “Fifty eight of our miners were able to come out unharmed.
In Turkey, incidents of gun violence have increased by almost 75 percent since 2015, claiming the lives of more than 2,000 people last year alone. Campaigners are calling for a review of gun ownership laws, as the vast majority of weapons are sold illegally.
The latest data shows that inflation rose on average to 10.9% across the European Union. The figures come as inflation in the UK hit a 40-year high.
Inflation in the UK has spiked back to its 40-year high of 10.1% as households and businesses continue to struggle with soaring food and energy prices. The data come "despite the Bank of England trying to turn down the heat on this bubbling pot of prices", says Susannah Streeter, Senior Markets Analyst at Hargreaves Lansdown. The figures will add more pressure to the struggling government of Prime Minister Liz Truss.
NATO member Turkey welcomes Russians and Ukrainians. Refugee Ukrainians meet Russian tourists in Turkish holiday resorts and big cities. This also leads to tensions. DW’s Julia Hahn reports from Istanbul.
Amid a push in France to index salaries to inflation, we take a look at the potential risks and benefits of such measures, which exist in a number of European countries. Also, with Adidas dropping Ye, the artist formerly known as Kanye West, over hate speech and repeated scandals, both the sportswear giant and the artist are expected to weather financial losses.
The increase outpaced the predictions from economists. The European Central Bank hinted that another interest rate hike was likely on the horizon.
Find these stories and much more when you grab a copy of The Guardian on Thursday.
Most of southern Turkey's nomadic Yörük people no longer live like their ancestors, migrating annually between valleys and mountains with their herds of goats and sheep. But a small handful of families maintain this traditional way of life, living in tents held up with wooden pillars and made of thick wool.
Nigeria's inflation rate has hit a Seventeen year high. This is a report by the National Bureau of Statistics released in September 2022. GuardianTV takes an in-depth look at the reasons for the all-time inflation.
Police have arrested 46 people in connection with Sunday's attack in central Istanbul. They say the attacker had "Kurdish links" but are not ruling out Islamic State involvement.
Turkey says it plans to pursue targets in northern Syria following the blast that killed six people and injured more than 80 others in Istanbul on November 13. Ankara blames Kurdish militants for the attack and has detained a Syrian woman they believe to be the suspected bomber.
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