US inflation jumped 7% in December last year for first time since 1982
India Today
Inflation in the US jumped 7 per cent in December last year at its fastest pace in nearly 40 years i.e. since 1982.
Inflation jumped at its fastest pace in nearly 40 years last month, a 7 per cent spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure on President Joe Biden and the Federal Reserve to address what has become the biggest threat to the US economy.
Prices have risen sharply for cars, gas, food and furniture as part of a rapid recovery from the pandemic recession that was fuelled by vast infusions of government aid and emergency intervention by the Fed, which slashed interest rates.
A Pune eatery's notice linking the LPG price increase to international fuel costs has gone viral. In the notice, the eatery bashed one 'dumb orange-haired man'.
Amid the ongoing Middle East war, Turkish authorities destroyed a US-made unmanned vessel in a controlled blast after it washed ashore on the country's Black Sea coast.
Ashu Ghai recreated the striking scene from Dhurandhar 2, where Ranveer Singh is introduced as Jaskirat Singh Rangi amid a cascade of fiery sparks.
Pakistan Army chief Asim Munir said Shias who "love Iran so much" should "go to Iran". His remarks triggered a row with prominent Shia clerics of Pakistan accusing Munir of insulting the community and the military establishment of serving America and Israel as a "servant".
Treasury Secretary Scott Bessent said the US may need to intensify strikes on Iran to end the conflict. This came soon after Trump threatened to hit Iran's energy plants amid soaring oil prices and Strait of Hormuz tensions.
The scooter rider rode into the pedestrian zone, collided with the car, and fell down. The man driving the car, however, did not react with anger and handled the situation with composure.
A minute-long ATC recording lays bare the confusion and urgency before a runway collision in New York. Controllers issued frantic warnings as a plane struck a vehicle, forcing a complete airport shutdown.
Tucker Carlson says he might cry listening to him. Millions call him a prophet. But who exactly is "Professor Jiang" — and what is he not telling you?
In a symbolic act of wartime messaging, Iran placed stickers carrying anti-war remarks by Spanish Prime Minister Pedro Sanchez on ballistic missiles bound for Israel as the Middle East conflict enters it fourth week.
The announcement was made a day after North Korea convened the first session of its Supreme People's Assembly. The assembly, the isolated nation's rubber-stamp legislature, formally approves state policy.
Indian Railway staff's swift action turned a medical emergency involving a toddler into relief aboard a train from Bengaluru to Gujarat.
Leon Panetta said Iran war was not an unexpected risk. He pointed out that for years, US security officials have known Iran could disrupt global oil supplies by blocking the Strait of Hormuz. According to him, this was a well-known danger, but one that appears to have been overlooked in the current conflict.