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Newspaper
Sun Journal
Location
New Bern, North Carolina, United States of America
Date
Dec 11, 2020
Page
5
U S consumer prices rose 0.2 percent in November led by higher energy and other goods while food costs fell. The gain follows a flat October and mirrors September’s 0.2 percent rise, with annual inflation at 1.2 percent and core at 1.6 percent.
The ECB boosted bond purchases by 500 billion euros to 1.85 trillion and extended the program through March 2022, adding ultra-cheap bank loans as COVID-19 infections rise across Europe. Christine Lagarde warned of near term weakness in inflation and urged continued support to shield businesses, households, and governments.
India state seeks dialogue with tens of thousands of farmers blocking highways for two weeks while rejecting repeal of three agricultural reform laws. Agriculture Minister Tomar says laws could be amended and prices guaranteed, but leaders have not yet responded. Farmers threaten new highway blockades and a nationwide shutdown as polls show broad agricultural livelihoods dependence and tensions rise around Modi government.
German regulators opened abuse proceedings into Facebook tying Quest 2 VR devices to a Facebook.com login. Bundeskartellamt president Andreas Mundt said the move could constitute abuse of dominance, potentially affecting competition in VR and social networks. Facebook paused Oculus sales in Germany and will cooperate with the inquiry.
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