The Bank of England announced a fifth consecutive increase in its key rate since the end of 2021 to contain galloping inflation, at +9% over one year in April, a record for 40 years.
The Bank of England is even counting on a peak of "more than 11%" for October, when the regulated ceiling for electricity prices will be revised upwards.
The United Kingdom faces a slowdown in its growth, with a drop of 0.3% in GDP expected for the second quarter.
The Swiss National Bank has also revised its rates upwards, by 50 basis points.
This is the first time this has happened since 2007, which took financial markets by surprise.
At the end of a Eurogroup meeting, the finance ministers of the euro zone announced that they supported Croatia's candidacy for the adoption of the single currency.
They believe that Zagreb meets all the conditions to become the twentieth country to adopt the euro: price and exchange rate stability, control of the budget deficit, its public debt and long-term interest rates, in particular.
Its membership must now be approved by EU leaders as early as next week.
Eurozone finance ministers will then fix, in July, the exchange rate of the kuna to the euro before it goes into circulation on January 1, 2023.
McDonald's will pay a billion €245 million in fines and tax arrears to France to avoid criminal prosecution.
The fast food giant is suspected of having reduced its profits in France by paying royalties in Luxembourg and the Netherlands.
But this agreement does not mark the end of McDonald's troubles because employees of the brand are also considering legal action, believing that they have been cheated of their chance to receive a stake.
New Australian Prime Minister Anthony Albanese wants to cut the country's greenhouse gas emissions much more than expected.
Instead of the target of 26 to 28% reduction planned by 2030, he wants to see them drop by 43%.
It is all the more ambitious since Australia is one of the largest exporters of fossil fuels in the world.
Coal remains one of the engines of its economy and allows it to produce three quarters of its electricity.
But the fossil fuel sector has already announced adaptations to meet these targets.
Mining group BHP says it will close its coal mines in the Australian state of New South Wales by 2030,
The Vivatech show launched this year, for the first time, a special prize for African start-ups, the Africa Tech Awards.
Three young companies were rewarded in the health, environment and finance categories.
These rewards will give them greater visibility.
Our teams met Rasha Rady, co-founder of Chefaa and Boniface Mbithi, creator of WEEE Centre.
The summary of the
France 24 week invites you to come back to the news that marked the week
I subscribe
Take international news everywhere with you!
Download the France 24 app
google-play-badge_EN