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US consumer prices surge to new 40-year high of 9.1%
US consumer prices surge to new 40-year high of 9.1%
Business and Economy
by  AFP

US inflation surged to a fresh peak of 9.1 percent in June, further squeezing American families and heaping pressure on President Joe Biden, whose ratings have taken a battering from the relentless rise in prices. But the Federal Reserve is likely to continue its aggressive interest rate increases as it tries to tamp down the price surge by cooling demand before inflation becomes entrenched.

Greece's Real daily and radio firebombed: company
Greece's Real daily and radio firebombed: company
World
by  AFP

Firebombs exploded at Greece's Real News and Real FM radio sparking a blaze that tore through the outlets' Athens offices, the media group said in a statement Wednesday. Real News and Real FM are centre-left outlets that offer platforms to opposition but also pro-government voices. str-mr/gw/jv

Western Europe wilts under heatwave
Western Europe wilts under heatwave
World
by  AFP

France and Britain suffered soaring temperatures Wednesday, edging closer to the blistering heat already engulfing Spain and Portugal as wildfires destroyed vast stretches of Western European forestland. The previous such phenomenon to blight France, Portugal and Spain occurred in mid-June.