US: Inflation hits highest rate in four decades
13 January 2022 | 10:43 am
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.
The latest polls find a majority of Americans regard the supply chain crisis as a major concern.
US national security advisor Jake Sullivan is in Israel to discuss Iran and other issues. In Jerusalem, Sullivan said Iran may exhaust diplomacy within weeks.
In an interview with FRANCE 24 at the Paris Peace Forum, US billionaire Frank McCourt strongly criticised tech giants, saying social media is "undermining our democracies". The owner of French football club Olympique de Marseille told us more about his Project Liberty plan. He has invested $100 million in the initiative, which he hopes will "transform the way the internet works".
Government critics said the proposed media law was aimed at silencing dissent. President Andrzej Duda said it would have dealt a blow to Poland's reputation as a place to do business.
Omicron is now the dominant variant in the United States, accounting for nearly three-quarters of all cases. In New York, once the epicenter of the pandemic, omicron cases are surging.
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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.
Telecom operators in the US have been asked to delay the rollout of 5G technology for a second time. The aviation industry has expressed concern about possible issues with planes.
Trump's two eldest children Donald Trump Jr. and Ivanka have also been summoned to testify in an investigation into the family's business practices.
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.
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Africa's biggest football tournament is on in Cameroon and Rwanda's Salima Rhadia Mukansanga is the first woman to referee a match at the AFCON tournament. Salima took charge of the Zimbabwe vs Guinea game on January 21 and managed the men with grace and firmness.
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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.
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Bilingual schools across France are struggling to find people who can teach in German as English becomes more popular. A group of parents have set up a recruiting agency to help the government.
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Dozens of Chinese jets entered Taiwan's air defense zone, the island's officials said. Taiwan responded by scrambling its own fighter jets and activating missile defense systems.
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Hosts Cameroon overcame a resilient, goalkeeperless Comoros team 2-1 to progress to the quarter-finals of the Africa Cup of Nations on home soil. But the result was overshadowed by events which took place outside the stadium in Yaoundé, where a stampede tragically claimed at least eight lives. Earlier in the day, Gambia's dream run continued as they edged out Guinea, winning their first ever knockout game in their maiden tournament. The Scorpions will go head-to-head against Cameroon at the Douala stadium on Saturday for a place in the semi-final. Jean-Emile Jammine is joined by Sports Editor Simon Harding and James Vasina.
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Aid agencies fear the Pacific island nation of Tonga may run out of drinking water because sources were contaminated after the recent volcanic eruption. New Zealand and Australia are shipping supplies to the area but they will not arrive until Friday.