3 days ago
The omicron variant of Covid-19 has added a fresh layer of uncertainty to global stock markets. Rabobank's Senior Market Strategist Christian Lawrence talks us through the latest volatility, and what he expects from central banks in the coming weeks. Also in the show: India's coal mines could hamper the country's efforts to reduce carbon emissions.
France's popular, government-regulated tax-free savings account scheme, known as the "Livret A", is likely to raise interest rates in February after recording the biggest deposit outflow since 2014.
Pakistan is witnessing an unprecedented economic turmoil, with the inflation rate rising exponentially. DW spoke to some locals who say it has become impossible for them to make ends meet.
The US consumer price index rose at an annual rate of 6.2 percent in October, its biggest jump since 1990. Also, amid the country's tight labour market, Starbucks workers hope to form the first-ever unions at the company's US branches. Finally, Tesla CEO Elon Musk sells $5 billion in company shares.
Inflation is continuing to soar in advanced economies around the world. In the UK, the consumer price index rose by 4.2 percent in October, the highest in a decade, while the eurozone's inflation rate hit a 13-year high. Also in the show: the EU proposes new rules to combat deforestation, and thousands of Chinese millennials seek a new life on rural farms.
In Turkey, young people recently expressed their frustration with the authorities when students protested an ongoing spike in housing prices. This protest movement reflects the growing difficulties of the general population amid sky-high living costs, even as the government refuses to acknowledge the economic crisis. Our Istanbul correspondents Ludovic de Foucaud, Hussein Asad and Shona Bhattacharyya report.
Rising inflation suggests economic recovery is going well in the EU's east. But as Poland joins its neighbors in tightening monetary policy to stem further rises, is this the start of an era of higher borrowing costs?
It's the first time since the global financial crash that inflation in Germany has reached such levels. The coronavirus pandemic is not the only factor driving the surge.
Consumer prices have soared 5% in the US compared to a year earlier, as demand for goods and services soars. If high levels of inflation persist, the US Federal Reserve could be forced to adjust monetary policy.
Inflation in the US soared at its fastest pace in over a decade, with consumer prices 4.2% higher than in April 2020. The data spooked investors around the world, contributing to a global market selloff.
Assessing 16.47% inflation Spike in Nigeria