In Turkey, soaring inflation hits consumers hard
04 February 2022 | 11:16 am
In Turkey, inflation reached a record annual rate of 36 percent at the end of 2021. The Turkish lira has plummeted and in supermarkets, workers are forced to change price tags on basic necessities several times a day. Turks are increasingly struggling to buy staple foods like flour and milk. While some have taken to satirising the crisis on social media, protests remain rare out of fear of repression. Our France 2 colleagues report, with FRANCE 24's Camille Nedelec.
TikTok lives, digital gifts, PayPal and cryptocurrency deposits are some of the main methods used by scammers that claim to raise money for survivors of the earthquakes in Turkey and Syria. In this edition of Truth and Fake, we go through the donation scams to look out for.
Southeastern Turkey experienced its fourth earthquake in three weeks Monday. The 5.6 magnitude event toppled several buildings and killed at least one person. Rescue efforts are ongoing.
The annual inflation among the 20 nations that use the euro has fallen, but less than expected as food costs surge.
Turkey has agreed to discuss Sweden and Finland's membership bid with NATO. The two countries decided to join the security alliance after Russia invaded Ukraine on 24 February. Negotiations began last June, but were called off in January.
Recep Tayyip Erdogan has been facing growing criticism over his response to his country's earthquake disaster. It comes at a time when he's gearing up for a re-election campaign, but now doubts are being cast on whether the vote will take place in May as expected.
Several earthquakes shook southern Turkey and northern Syria on February 6. The humanitarian, political and social aftershocks have been devastating in both countries.
It's been a month since two devastating earthquakes hit Turkey and Syria, killing more than 50,000 people. Many hospitals and clinics in Turkey are full of injured patients, while other facilities are heavily damaged, making it difficult to provide much-needed routine medical treatment to other residents.
The United Nations has recently announced that the costs of damages caused by the earthquake that hit Turkey in early February are estimated to surpass the $100 billion mark.
One month after a powerful quake devastated parts of Turkey and Syria, hundreds of thousands of people still need adequate shelter and sanitation, and an appeal for $1 billion to assist survivors is only 10% funded, hampering efforts to tackle the humanitarian crisis, a United Nations official said Monday.
New talks at NATO headquarters have not broken the deadlock. Turkish objections to Sweden's and Finland's bid to join NATO still stand. Meanwhile, officials and experts question Ankara's dedication to the alliance.
Food prices contributed to the high inflation rates, increasing even more than fuel prices. The prices of energy products were 19.1% higher year-on-year in February.
The US Federal Reserve faces a tricky balancing act, as it tries to navigate high inflation and instability in the banking sector. Alexander Yokum, of CFRA Research, says the collapse of Silicon Valley Bank and Signature Bank could affect the Fed's next interest rate decision, despite a 6 percent jump in consumer prices.
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