US inflation ‘too high,’ says Federal Reserve official
13 January 2022 | 1:59 pm
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.
The court has agreed to hear arguments about the Biden administration's vaccine or testing requirement for large employers, and a separate vaccine mandate for healthcare workers.
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.
SpaceX launches first rocket for US military
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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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