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Australian inflation rate slows to 3.6 pct

STORY: Australian inflation rate slows to 3.6 pct SHOOTING TIME: April 26, 2024 DATELINE: April 28, 2024 LENGTH: 0:02:07 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of a supermarket 2. various of street views in Australia STORYLINE: Australia's annual rate of inflation has fallen to 3.6 percent, according to official figures published by the Australian Bureau of Statistics (ABS) on Wednesday. The figure showed that the consumer price index (CPI) rose by 1.0 percent in the first three months of 2024 and 3.6 percent in the 12 months to the end of March. It marks a fall from a 4.1 percent rise in the CPI in the 12-month period to the end of December 2023. The ABS identified rising costs of education, health, housing, food and non-alcoholic beverages as the most significant drivers of inflation in the first quarter of 2024. Housing prices were 0.7 percent higher at the end of March than at the start of 2024 and 4.9 percent higher than 12 months earlier. Education costs rose 5.

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U.S. Justice Department sues Apple for alleged monopoly in smartphone markets

STORY: U.S. Justice Department sues Apple for alleged monopoly in smartphone markets SHOOTING TIME: March 21, 2024 DATELINE: March 22, 2024 LENGTH: 00:01:29 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of press conference 2. SOUNDBITE 1 (English): MERRICK GARLAND, U.S. Attorney General 3. SOUNDBITE 2 (English): MERRICK GARLAND, U.S. Attorney General 4. SOUNDBITE 3 (English): MERRICK GARLAND, U.S. Attorney General STORYLINE: The U.S. Justice Department, along with 16 other state and district attorneys general, on Thursday filed a civil antitrust lawsuit against Apple, accusing the tech giant of illegally maintaining a monopoly over smartphones. SOUNDBITE 1 (English): MERRICK GARLAND, U.S. Attorney General "Apple has maintained monopoly power in the smartphone market not simply by staying ahead of the competition on the merits, but by violating federal antitrust law. Consumers should not have to pay higher prices because companies break the law. We allege that Apple has employed a strate

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Italy's inflation remains low despite lifting of price controls

STORY: Italy's inflation remains low despite lifting of price controls SHOOTING TIME: Feb. 2, 2024 DATELINE: Feb. 3, 2024 LENGTH: 00:00:37 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of markets in Rome 2. various of gas stations in Rome STORYLINE: Italy's annual inflation rate rose to 0.8 percent in January, up from 0.6 percent in December, according to Italy's National Statistics Institute (ISTAT) on Thursday. The relatively low inflation rate in January is significant given that the month is the first since the price controls in Italy's "anti-inflation quarter" expired. The initiative artificially reduced consumer prices on a basket of basic necessities over the final three months of 2023. The government reserved the right to continue the terms of the "anti-inflation quarter" into this year but it chose not to do so. ISTAT said the main factors pushing prices in the country higher in January were transportation-related services which climbed by 4.3 percent compared to 3.7 percent in Dec

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Japan's 2023 core inflation hits 41-year high

STORY: Japan's 2023 core inflation hits 41-year high SHOOTING TIME: Jan. 19, 2024 DATELINE: Jan. 19, 2024 LENGTH: 00:01:49 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of cities in Japan STORYLINE: Japan's core consumer prices rose 3.1 pct in 2023 from the previous year, marking the fastest growth in 41 years, the government said in a report on Friday. The core consumer price index (CPI) for the year, excluding fresh food prices because of their volatility, came in at 105.2 against the 2020 base of 100, with its pace of increase fastening from 2.3 percent in 2022, according to the Ministry of Internal Affairs and Communications. The yearly increase, which remained above the Bank of Japan's 2 percent inflation target for the second consecutive year, marked the highest level since 1983. It came despite government subsidies to lower household utility bills, underscoring higher import costs that were inflated by a sharp drop of the yen, a byproduct of the Bank of Japan's monetary easing,

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China's GDP expands 5.2 pct in 2023, surpassing annual target

STORY: China's GDP expands 5.2 pct in 2023, surpassing annual target SHOOTING TIME: Jan. 17, 2024 DATELINE: Jan. 17, 2024 LENGTH: 00:00:17 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE (Chinese): KANG YI, Head of the National Bureau of Statistics STORYLINE: China's gross domestic product (GDP) posted a growth of 5.2 percent year on year in 2023, higher than the annual target of around 5 percent, data from the National Bureau of Statistics (NBS) showed Wednesday. SOUNDBITE (Chinese): KANG YI, Head of the National Bureau of Statistics "According to preliminary estimates, the gross domestic product (GDP) was 126,058.2 billion yuan in 2023, an increase of 5.2 percent over the previous year at constant prices." Preliminary calculations show that the gross domestic product (GDP) for the whole year was 126.0582 trillion yuan, an increase of 5.2% over the previous year at constant prices. Xinhua News Agency correspondents reporting from Beijing. (XHTV)

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Türkiye's annual inflation nears 65 pct in December

STORY: Türkiye's annual inflation nears 65 pct in December SHOOTING TIME: Jan. 10, 2024 DATELINE: Jan. 11, 2024 LENGTH: 0:03:08 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people on the streets, cash points and shopping in Ankara, Türkiye 2. various of people buying cheaper breads in Mugla, Türkiye (courtesy of ihlas news agency) 3. various of people shopping in a fresh vegetable bazaar in Aydin, Türkiye (courtesy of ihlas news agency) 4. SOUNDBITE 1 (Turkish): FIKRET OZLEK, Former restaurant manager 5. SOUNDBITE 2 (Turkish): NUR KILER, Retired teacher STORYLINE: Türkiye's annual inflation for 2023 came at about 64.8 percent in December, an increase from 62 percent a month ago on the back of higher food and energy prices, putting further pressure on households. In December, the Turkish Central Bank increased its policy rate by 250 basis points to 42.5 percent to curb the lira's devaluation and tame the persistently high inflation. In general, the figures are showing signs of leveling off

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Egypt's annual headline inflation eases in December

STORY: Egypt's annual headline inflation eases in December SHOOTING TIME: Archive DATELINE: Jan. 11, 2024 LENGTH: 00:01:05 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of CAPMAS 2. various of the Nile River (in Cairo) 3. various of a supermarket 4. various of open-air market selling vegetables 5. various of shops selling meat and poultry STORYLINE: The Central Agency for Public Mobilization and Statistics (CAPMAS) said on Wednesday that Egypt's annual headline inflation decelerated to 35.2 percent in December, down from 36.4 percent in November. However, December's inflation rate remains significantly higher than the 21.9 percent recorded in December 2022. According to the state-owned newspaper al Ahram, the latest inflation reading surpasses the target set by the Central Bank of Egypt (CBE), which aims to keep inflation within 7 percent (±2 percent) by the end of 2024. CAPMAS attributed the decline in December's inflation to a 1.7 percent decrease in the prices of meat and poult

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated November 22, 2023 shows the Arleigh Burke-class guided-missile destroyer USS McFaul (DDG 74) passes under the Peace Bridge during a transit of the Suez Canal. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Chief Intelligence Specialist Aubree Miller via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated November 26, 2023 shows the Arleigh Burke-class guided-missile destroyer USS Carney (DDG 64) transits the Suez Cana. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist 2nd Class Aaron Lau via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated November 4, 2023 shows the Nimitz-class aircraft carrier USS Dwight D. Eisenhower (CVN 69) transits the Suez Canal. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist 2nd Class Keith Nowak via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated November 5, 2023 shows aviation Boatswain's Mate (Equipment) Airman Loren Rayner, left, and Lt. Cmdr. Sean Griener signal the launch of an F/A-18F Super Hornet from the "Fighting Swordsmen" of Strike Fighter Squadron (VFA) 32 during flight operations aboard the aircraft carrier USS Dwight D. Eisenhower (CVN 69) in the Red Sea. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist 3rd Class Janae Chambers via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated November 22, 2023 shows Lt. Samuel Gilbert stands as the anti-terrorism tactical watch officer aboard the Arleigh Burke-class guided-missile destroyer USS McFaul (DDG 74) during a transit of the Suez Canal. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Chief Intelligence Specialist Aubree Miller via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated November 4, 2023 shows the Ticonferoga-class guided-missile cruiser USS Philippine Sea (CG 58) sails under the Friendship Bridge as the ship transits the Suez Canal. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist Seaman Rylin Paul via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated November 5, 2023 shows Aviation Boatswain's Mate (Handling) 2nd Class Brandon Frayde guides an E-2C Hawkeye from the "Screwtops" of Airborne Command and Control Squadron (VAW) 123 to launch during flight operations aboard the aircraft carrier USS Dwight D. Eisenhower (CVN 69) in the Red Sea. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist 3rd Class Janae Chambers via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated October 19, 2023 shows the Arleigh Burke-class guided-missile destroyer USS Carney (DDG 64) fires a Standard Missile (SM) 2 to defeat a combination of Houthi missiles and unmanned aerial vehicles in the Red Sea. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist 2nd Class Aaron Lau via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated November 4, 2023 shows the Nimitz-class nuclear-powered aircraft carrier USS Dwight D. Eisenhower (CVN 69) transits the Suez Canal. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist 2nd Class Jorge LeBaron via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated August 8, 2023 shows the amphibious assault ship USS Bataan (LHD 5) and the dock landing ship USS Carter Hall (LSD 50) transit the Red Sea. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist 3rd Class Riley Gasdia via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated August 8, 2023 shows the amphibious assault ship USS Bataan (LHD 5) transits the Red Sea. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist 3rd Class Riley Gasdia via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated October 18, 2023 shows Cmdr. Jeremy Robertson, commanding officer of the Arleigh Burke-class guided-missile destroyer USS Carney (DDG 64), oversees the ship’s transit of the Suez Canal. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist 2nd Class Aaron Lau via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo datedAugust 8, 2023 shows the Royal Saudi Navy frigate 708 HMS Taif, the amphibious assault ship USS Bataan (LHD 5) and the dock landing ship USS Carter Hall (LSD 50) transit the Red Sea. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist 3rd Class Riley Gasdia via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated August 8, 2023 shows the amphibious assault ship USS Bataan (LHD 5) and the dock landing ship USS Carter Hall (LSD 50) transit the Red Sea, August 8, 2023. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist 3rd Class Riley Gasdia via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated October 18, 2023 shows the Arleigh Burke-class guided-missile destroyer USS Carney (DDG 64) transits the Suez Canal. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist 2nd Class Aaron Lau via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated August 8, 2023 shows The dock landing ship USS Carter Hall (LSD 50) transits the Red Sea. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Marine Corps photo by Gunnery Sgt. Jeffrey Cordero via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated April 5, 2023 showstThe guided-missile destroyer USS Paul Hamilton (DDG 60) passes the Peace Bridge, April 5, 2023, in the Suez Canal. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist 2nd Class Elliot Schaudt via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated August 7, 2023 shows sailors from the weapons department aboard the amphibious assault ship USS Bataan (LHD 5) assemble a missile, Red Sea. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo illustration by Mass Communication Specialist 2nd Class Danilo Reynoso via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated August 6, 2023 shows the amphibious assault ship USS Bataan (LHD 5) transits the Suez Canal. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist 2nd Class Christopher Jones via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated May 4, 2023 shows the guided-missile destroyer USS Arleigh Burke (DDG 51) transits the Suez Canal. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist 2nd Class Almagissel Schuring via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated August 8, 2023 shows the amphibious assault ship USS Bataan (LHD 5) and the dock landing ship USS Carter Hall (LSD 50) transit the Red Sea. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist 3rd Class Riley Gasdia via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated August 17, 2020 shows the Arleigh Burke-class guided-missile destroyer USS Sterett (DDG 104) passes underneath the Friendship Bridge while transiting the Suez Canal. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist Seaman Drace Wilson via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated April 20, 2019 shows the aircraft carrier USS John C. Stennis (CVN 74) transits the Suez Canal. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist 3rd Class Grant G. Grady via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated April 5, 2023 shows the guided-missile destroyer USS Paul Hamilton (DDG 60) transits the Suez Canal, April 5, 2023. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist 2nd Class Elliot Schaudt via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated January 30, 2023 shows the guided-missile destroyer USS Truxtun (DDG 103) transits the Suez Canal, January 30, 2023. Truxtun is deployed to the U.S. 5th Fleet area of operations to help ensure maritime security and stability in the Middle East region. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist 1st Class Kenneth Blair via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated June 2, 2012 shows the guided-missile destroyer USS James E. Williams (DDG 95) transits the Suez Canal. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist 3rd Class Daniel J. Meshel via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated March 10, 2017 shows sailors gather on the flight deck of the aircraft carrier USS George H.W. Bush (CVN 77) to view the Friendship Bridge as the ship transits the Suez Canal. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist 3rd Class Michael B. Zingaro via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated April 7, 2023 shows The guided-missile submarine USS Florida (SSGN 728) transits the Suez Canal en route to the Red Sea. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist 2nd Class Elliot Schaudt via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated October 12, 2012 shows the guided-missile destroyer USS Porter (DDG 78) is underway in the Suez Canal. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist 3rd Class Jared King via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated November 20, 2011 shows the Nimitz-class aircraft carrier USS George H.W. Bush (CVN 77) passes under the Friendship Bridge while transiting the Suez Canal. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy Photo by Mass Communication Specialist 2nd Class Tony D. Curtis via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated September 26, 2012 shows the guided-missile destroyer USS Jason Dunham (DDG 109) transits the Suez Canal. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist 3rd Class A.J. Jones via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated March 16, 2013 shows seaman Victoria Bastian, assigned to guided-missile cruiser USS Hue City (CG 66), stands watch on the ship's port bridge wing while transiting the Suez Canal. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist 2nd Class Matthew R. Cole via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated July 18, 2012 shows the aircraft carrier USS Dwight D. Eisenhower (CVN 69) transits the Suez Canal. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist Seaman Darien Kenney via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated June 15, 2020shows the amphibious dock landing ship USS Oak Hill (LSD 51) transits the Suez Canal. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist 3rd Class Griffin Kersting via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated March 16, 2013 shows the aircraft carrier USS Dwight D. Eisenhower (CVN 69) transits the Suez Canal. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist Seaman Apprentice Kameren Guy Hodnett via ABACAPRESS.COM

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Expanded US-Led Naval Task Force To Protect Red Sea Shipping

Handout photo dated February 26, 2010 shows the amphibious transport dock ship USS Mesa Verde (LPD 19) transits the Suez Canal. The Pentagon has convinced more than a half dozen allies to join a strengthened naval task force in the Red Sea amid mounting attacks by Iran-backed rebels on commercial shipping that have driven oil prices higher. More than 9mn barrels a day of oil shipments, or almost a tenth of global demand, pass through the Red Sea, making it one of the world’s busiest energy chokepoints. U.S. Navy photo by Mass Communication Specialist 2nd Class Jason R. Zalasky via ABACAPRESS.COM

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NAMIBIA-WINDHOEK-COMMODITY PRICES-RISE

(231113) -- WINDHOEK, Nov. 13, 2023 (Xinhua) -- A woman shops at a store in Windhoek, Namibia, on Nov. 13, 2023. Consumers in Namibia are caught in a relentless affordability struggle amid seemingly never-ending signs of inflationary pressure as commodity prices soar. The latest data from the Namibia Statistics Agency (NSA) show that inflation rose 6 percent in October, driven by higher prices of food, beverages, tobacco, transport, housing, water, electricity, gas and other fuels. (Photo by Ndalimpinga Iita/Xinhua)

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NAMIBIA-WINDHOEK-COMMODITY PRICES-RISE

(231113) -- WINDHOEK, Nov. 13, 2023 (Xinhua) -- A worker fuels a vehicle at a gas station in Windhoek, Namibia, on Nov. 13, 2023. Consumers in Namibia are caught in a relentless affordability struggle amid seemingly never-ending signs of inflationary pressure as commodity prices soar. The latest data from the Namibia Statistics Agency (NSA) show that inflation rose 6 percent in October, driven by higher prices of food, beverages, tobacco, transport, housing, water, electricity, gas and other fuels. (Photo by Ndalimpinga Iita/Xinhua)

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Türkiye hikes inflation forecasts amid higher food prices, weaker currency

STORY: Türkiye hikes inflation forecasts amid higher food prices, weaker currency SHOOTING TIME: Nov. 2, 2023 DATELINE: Nov. 3, 2023 LENGTH: 00:01:33 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people shopping in a supermarket 2. various of the press conference of Turkish Central Bank Governor Hafize Gaye Erkan 3. various of people shopping at a fresh vegetable bazaar STORYLINE: Türkiye's central bank on Thursday raised its inflation forecasts for 2023 and 2024, citing higher food and energy prices and a weaker currency. The bank now expects inflation to reach 65 percent by the end of 2023, up from 58 percent in its previous projection. It also increased its forecast for 2024 to 36 percent from 33 percent. Turkish Central Bank Governor Hafize Gaye Erkan said inflation will peak in May 2024 and then start to decline during a press conference, where she presented the bank's last quarterly inflation report of the year. Erkan said the upward revision was mainly due to higher import p

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Rising petrol prices driving persistent inflation: Australian Treasurer

STORY: Rising petrol prices driving persistent inflation: Australian Treasurer DATELINE: Oct. 24, 2023 LENGTH: 00:01:11 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of petrol stations in Australia STORYLINE: Australia's Treasurer has warned of persistent inflation following a spike in petrol prices. According to estimates released by the Treasury on Monday, consumer price index (CPI) data for the third quarter of 2023 will show petrol prices in Australia rose by 7 percent between the start of July and the end of September. The Australian Bureau of Statistics (ABS) will on Wednesday release CPI data measuring Australian inflation for the September quarter. Ahead of the release, the Treasury said it estimates that the spike in petrol prices will add a quarter of a percentage point to inflation. Treasurer Jim Chalmers said in a statement that inflation in Australia will likely remain higher longer than previously projected by the government as a result of global pressures. "Wh

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New Zealand's food prices up 8 pct annually

STORY: New Zealand's food prices up 8 pct annually DATELINE: Oct. 14, 2023 LENGTH: 00:01:26 LOCATION: Wellington CATEGORY: ECONOMY SHOTLIST: 1. various of street views of Wellington 2. various of supermarkets STORYLINE: Food prices in New Zealand were 8 percent higher in September than in the same period last year, according to the statistics department Stats NZ on Thursday. The largest contributing food group was grocery food, which includes non-perishables and dairy products, said Stats NZ's consumer prices manager James Mitchell. "Fresh eggs, potato crisps, and lollies were the largest drivers within grocery food," Mitchell said. In September 2023, the annual increase was due to rises across all the broad food categories measured by Stats NZ. Monthly food prices fell 0.4 percent in September compared with the previous month, Mitchell said. "Decreasing prices for fruit and vegetables such as tomatoes, cucumbers, and lettuce contributed the most to the overall monthly fall," he said. Xi

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Norway's central bank raises policy rate to 4.25 pct

STORY: Norway's central bank raises policy rate to 4.25 pct DATELINE: Sept. 22, 2023 LENGTH: 00:01:31 LOCATION: Oslo CATEGORY: ECONOMY SHOTLIST: 1. various of Norges Bank 2. various of a press conference held in Norges Bank 3. various of Norges Bank STORYLINE: Norges Bank, Norway's central bank, on Thursday increased its benchmark interest rate from 4.0 percent to 4.25 percent to curb inflation. Norges Bank Governor Ida Wolden Bache told reporters that the country's current inflation rate remains significantly above the targeted 2 percent. In Norway, prices have increased for a range of goods and services. According to official figures, the 12-month rise in the consumer price index (CPI) was 4.8 percent in August, higher than expected. "Persistently high inflation imposes substantial costs on society. A somewhat higher interest rate is imperative to align inflation with the target within a feasible timeframe," Bache said. She said challenges prevail in the labor market with its continuing tightness. In

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U.S. gas prices hit 10-month highs amid tighter supplies, heatwaves

STORY: U.S. gas prices hit 10-month highs amid tighter supplies, heatwaves DATELINE: Aug. 19, 2023 LENGTH: 00:00:44 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of a gas station in Arlington, the U.S. state of Virginia STORYLINE: U.S. gas prices surged to an average of 3.87 U.S. dollars a gallon nationally on Thursday, the highest level in 10 months, data showed. That's 31 cents higher than a month ago, but still below the record high of 5.02 dollars in June 2022, according to the American Automobile Association (AAA). California has been on the top of the 10 most expensive markets across the country, with an average of 5.18 dollars a gallon, followed by Washington, Hawaii, Oregon and Alaska. The summertime gas price spike has been driven by lower gasoline stockpiles and a series of refinery outages caused by extreme heat. Goldman Sachs estimated that record heat levels in Texas have likely led to a sharp 2 percent slump in U.S. refiners' product yields over the past few weeks. AAA