IMF concludes 'constructive' bailout talks with Sri Lanka as protests continue
The International Monetary Fund has concluded "constructive" talks with the government of Sri Lanka over a possible bailout. The island is facing its worst economic crisis on record, with protests over food, fuel and medicine shortages. Also on the show: why France is faring better than its neighbours when it comes to inflation. Plus FRANCE 24's Madrid correspondent Sarah Morris reports on the Spanish companies suffering from a diplomatic spat with Algeria.
30 Jun 2022
Germany takes step towards gas rationing as supplies dwindle
Germany has taken a step towards rationing natural gas by activating the second of three stages in an emergency plan. Officials say that since Russia reduced supplies, gas is now a "scarce commodity". Also in the show: the UK is hit by a second day of rail strikes over job security, pay and the rising cost of living, and high inflation in France prompts a boom in demand for camping holidays.
23 Jun 2022
Biden pushes for three-month suspension of US gasoline tax
US President Joe Biden has asked Congress to approve a three-month suspension of a federal tax on gasoline, as soaring energy prices weigh on households and businesses. But the 18 cent per gallon tax represents just a fraction of what's paid at the pump, so will it really help? Also in the show: inflation in the UK hits a fresh high of 9.1 percent, and Haider Rafique, chief marketing officer at OKX, explains the recent crypto market crash and how it could change the industry.
22 Jun 2022
Tech giants form metaverse standards body, but without Apple
Tech giants such as Meta, Sony and Adobe, together with oversight groups like the World Wide Web Consortium, have created a forum to set standards for the nascent metaverse industry. The move aims to make digital worlds compatible with each other. However, Apple and Snapchat have not joined the outfit. Plus, after being hit by a dramatic fall in visitors from Russia and Ukraine, the Egyptian Red Sea resort of Sharm el-Sheikh is looking to attract tourists from elsewhere. We take a closer look.
22 Jun 2022
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UK rail strikes put spotlight on cost of living crisis
Much of the UK has been crippled by the largest rail strike in decades. Some 40,000 workers participated in Tuesday's walkout, calling for higher wages to deal with the spiralling cost of living. Experts say the disruptions will weigh on economic growth. Also in the show: EasyJet is on the frontline of the aviation industry's staff shortages. Finally, businesses in Las Vegas can continue performing Elvis-themed weddings after reaching a deal with the late singer's estate.
21 Jun 2022
US ban on Xinjiang imports comes into force
A new US law that imposes a near-blanket ban on imports from China's Xinjiang province comes into force this Tuesday. Companies now have to prove that goods they bought from the region were not made with forced labour. Beijing accuses Washington of fabricating accusations of human rights abuses. Plus, the EU urges member states not to backtrack on their commitment to fight climate change, as several nations including Germany decide to burn more coal to replace Russian gas.
21 Jun 2022
Bank of England follows Fed with rate hike
The Bank of England has followed the US Federal Reserve in raising interest rates. Both economies are battling the highest level of inflation in years and hope that tighter monetary policy will curb spiralling price rises. Also in the show: Australia's new government commits to more ambitious emissions reduction targets, and TV critics question Netflix's plans for a reality show based on the life-or-death hit "Squid Game".
16 Jun 2022
France's troubled EPR nuclear reactor set to go online by end of 2023
Executives at France's state-backed utility EDF say they're confident the troubled nuclear reactor at their Flamanville plant will be able to go online by the end of 2023. Under construction since 2007, the new EPR project has been plagued by cost overruns and repeated delays. We take a closer look. Plus, on the sidelines of the VivaTech trade fair in Paris, India's IT minister tells FRANCE 24 how the country is looking to bring its technology to Europe and beyond.
16 Jun 2022
US Federal Reserve hikes interest rates 0.75% to curb inflation
The US Federal Reserve has raised interest rates by 0.75% – the most aggressive hike since 1994 – in an effort to curb soaring inflation. America's central bank is trying to tighten monetary policy, while fostering growth in the economy and labour markets. But will the move be effective? Christian Lawrence, senior markets strategist at Rabobank New York, says the Fed is "in a bad situation" because it cannot control the primary drivers of inflation: food and energy costs.
15 Jun 2022
Global gas supplies shaken by dual crises
Already-strained global gas supplies have been shaken once again. An LNG terminal in Texas will remain offline for longer than expected after a fire last week, while Russia's Gazprom has said it's cutting supplies to Europe by some 40 percent. Also in the show: investors look ahead to a possible 0.75% interest rate hike as the US Federal Reserve tries to rein in spiralling inflation, and farmers in Ukraine worry about this year's harvest.
14 Jun 2022