US inflation hits 40-year high of 8.5%
13 April 2022 |
12:52 pm
Consumer prices in the US surged by 8.5 percent in March, the fastest pace since 1981. The inflation spike was fuelled by a 32 percent jump in energy costs, linked to Russia's war in Ukraine. Many American consumers are struggling to keep up with the price rises. Also in the show: Emmanuel Macron appears to waver on his pledge to raise France's retirement age to 65, and Sri Lanka enters default as its economic crisis deepens.
Related
31 Jan
On this week's Tech 24 show, we bring you the the latest on the metaverse, the enhanced version of reality that Meta (formerly Facebook) founder Mark Zuckerburg is staking his legacy on. Meta's AI Research SuperCluster was announced this week. When it comes to completion in July, it could be the world's most powerful supercomputer. Built in an undisclosed location for an undisclosed cost, Meta wants it to help bring the metaverse to life. Our Technology Editor Peter O'Brien explains.
4 Feb
Niniola, Wizkid, Burna Boy, Davido: In dance clubs around the world, musicians from Africa are stars. And no wonder - Afrobeats, which pairs West African musical elements with hip-hop, dancehall or house music, is great to dance to.
6 Feb
Nature has its very own information storage technology: DNA. For millions of years, the double helix has been the primary code for all living things. But could DNA also become the ultimate storage solution for our digital information? We take a closer look in this edition of Down to Earth.
10 Feb
We speak to Noam Shuster Eliassi, an Israeli comedian whose latest performance has gone viral in the Arab world. The satirical song "Dubai, Dubai" criticises the recent deal to normalise ties between Israel and the UAE and has been watched, rewatched and tweeted thousands of times. She tells us why she feels the song sends an important message.
15 Feb
Inflation soared over the past year at its highest rate in four decades, hammering America's consumers, wiping out pay raises and reinforcing the Federal Reserve's decision to begin raising borrowing rates across the economy.
19 Feb
On November 30, 2021, Barbados became the world's youngest republic, cutting historic ties with the British monarchy. In the 17th century, the Caribbean island state became a British colony dedicated to sugar production. Some 90 percent of its population are descended from slaves. Since independence in 1966, Barbados had long been ambivalent about its colonial heritage. But today, Prime Minister Mia Amor Mottley is taking the country into a new era. Our team reports.
26 Feb
In the Libyan capital, colourful chicken and strut their feathers as they compete in the country's first chicken beauty pageant.
16 Feb
Developing economies were hit hardest by the global economic recession brought by the pandemic. A looming debt crisis could make things much worse, according to a new report.
18 Feb
Senegal's President Macky Sall, the current AU chair, talks to DW on the crises affecting the African continent and cooperation with Europe.
22 Feb
Nestled among some of the tallest ridges in the world is the former kingdom of Mustang. This Nepalese region of the Himalayas is home to Lo Manthang, a fortified city that has been resisting time and invaders since the 14th century. In this remote village, the power supply is limited and firewood is scarce. Some locals want a €400 permit required for visitors to be scrapped, so that tourism and their fragile economy can bloom. Our France 2 colleagues report, with FRANCE 24's Camille Nedelec.
26 Feb
India’s teenage chess grandmaster Rameshbabu Praggnanandhaa has won praise for a stunning victory over world number one Magnus Carlsen in an online championship.
Latest
1 day ago
We look at reactions to the nomination of Elisabeth Borne, France's first female prime minister in 30 years. How politically strategic is Emmanuel Macron's choice? Also, British footballer Jake Daniels comes out as a gay in a historic moment and is lauded by the British press. Finally, after manterrupting and mansplaining, beware of "hepeating" – when men get credit for women's ideas!
1 day ago
An annual surf competition was held at the weekend on Liberia's coast, in a fishing town that is gaining worldwide recognition for the quality of its waves.
1 day ago
The fast food giant said it was leaving because of the "unpredictable operating environment" and "humanitarian" reasons. McDonald's was quick to set up shop in the Soviet Union in the waning embers of the Cold War.
1 day ago
Australia is counting down to its next federal election on May 21. The environmental crisis is high on voters' minds and smaller parties and independents are gaining momentum by riding a wave of disillusionment over the conservative coalition's lack of climate action. With a hung parliament looking likely, these minor players could force the traditional parties to do more to tackle global warming. Climate change is an increasingly hot-button issue since the country's devastating bushfires of 2019-20. Our correspondents Richelle Harrison Plesse and Gregory Plesse report.
1 day ago
Brooklyn-based duo Bottler (aka producers Pat Butler and Phil Shore) have created a unique soundscape blending a myriad of styles including pop, indie rock, trip-hop and club music. In 2020, they released a double bill of EPs, "Clementine" and "Grow". Now the childhood friends are back with their debut album "Journey Work", in which they’re on a mission to explore and express the full spectrum of human experience. They joined us on Encore! to tell us more.
1 day ago
Israel's police chief has ordered a probe into the actions of officers at the funeral of reporter Shireen Abu Akleh in Jerusalem. Germany's top diplomat, Annalena Baerbock, said she was "deeply shocked" by the events.