Wednesday, 29th June 2022
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Yen, rupee hit record lows against dollar amid inflation

The Japanese and Indian currencies plunged to their lowest records in decades against the US dollar as Washington looked set to hike interest rates in a bid to tackle inflation.

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20 Apr
61% of small business owners in the US say that the current state of the economy is making it difficult for them to stay open. This is according to a survey of over 500 small business owners commissioned by Clarify Capital.
1 May
The last time prices rose faster was for West Germany in 1981. More than any other factor, increasing energy prices, exacerbated by Russia's invasion of Ukraine, are fueling inflation.
1 May
Amazon records its first quarterly loss since 2015 as online sales drop, while Apple warns of an $8 billion hit from the war in Ukraine and Covid-19 lockdowns in China. Also, French growth hits zero as consumer spending falls, and the IMF warns of dangers for the economies of sub-Saharan Africa.
9 May
The Fed raises interest rates by the most in over 20 years The Federal Reserve raised interest rates by half a percentage point Wednesday, in an effort to cool off demand and lower inflation. Consumer prices have been rising at the fastest pace in 40 years.
5 May
The central bank has announced a 0.5% interest rate hike — its highest increase in more than 20 years. The US move comes as a number of other countries cut lending rates to deal with rising prices.
8 May
After a sell-off on Wall Street, global investors are grappling with price increases and rising borrowing costs. Inflation is particularly brutal in Turkey, and the Greek government unveils a program to protect households from soaring energy prices.
6 May
Romania's capital is buried in smoke from burned trash that comes from all over Europe. The dubious business is being investigated. Prosecutors and activists are sounding the alarm about organized crime structures.
15 May
Inflation is at its highest level in decades in many parts of the world. In the US, consumer prices were 8.3 percent higher in April than a year earlier. In the eurozone, they rose by around 7.5 percent. Energy prices have been driving the surge, with Russia's war in Ukraine further fuelling the trend. But higher inflation tends to have a bigger impact on low-income households. Xavier Jaravel from the London School of Economics discusses this and more with FRANCE 24's Kate Moody.
19 May
British inflation surged last month to its highest annual rate since 1982, piling pressure on finance minister Rishi Sunak to step up his help for households facing a worsening cost-of-living crisis.
29 May
31 May
Prices in Germany have increased by 7.9% this month, the highest amount since reunification.
1 Jun
Inflation in the eurozone has hit another record high, as the war in Ukraine stokes energy and food prices. Prices had already been increasing because of supply chain problems in the wake of the coronavirus pandemic.