Executives at France's state-backed utility EDF say they're confident the troubled nuclear reactor at their Flamanville plant will be able to go online by the end of 2023. Under construction since 2007, the new EPR project has been plagued by cost overruns and repeated delays. We take a closer look. Plus, on the sidelines of the VivaTech trade fair in Paris, India's IT minister tells FRANCE 24 how the country is looking to bring its technology to Europe and beyond.

The US Federal Reserve has raised interest rates by 0.75% – the most aggressive hike since 1994 – in an effort to curb soaring inflation. America's central bank is trying to tighten monetary policy, while fostering growth in the economy and labour markets. But will the move be effective? Christian Lawrence, senior markets strategist at Rabobank New York, says the Fed is "in a bad situation" because it cannot control the primary drivers of inflation: food and energy costs.

Already-strained global gas supplies have been shaken once again. An LNG terminal in Texas will remain offline for longer than expected after a fire last week, while Russia's Gazprom has said it's cutting supplies to Europe by some 40 percent. Also in the show: investors look ahead to a possible 0.75% interest rate hike as the US Federal Reserve tries to rein in spiralling inflation, and farmers in Ukraine worry about this year's harvest.

Wall Street had one of its worst days in recent weeks on Monday as a worse-than-expected US inflation figure last Friday fuelled concern about more aggressive rate hikes to come from the Federal Reserve. Cryptocurrencies also continued to tank after a lender froze withdrawals. Plus, as Europe looks to bolster the continent's energy security, France's TotalEnergies signs a deal with Qatar on a major gas field project.

The European Central Bank is setting the stage to raise interest rates in July, for the first time since 2011. Policymakers have been under growing pressure to tackle soaring inflation, which hit a record 8.1 percent in the eurozone in May. Frédérik Ducrozet, Head of Macroeconomic Research at Pictet Wealth Management, tells FRANCE 24 it will take time for households and businesses to feel the effects of the change.

Disney's upcoming animated adventure film "Strange World" will go straight to Disney+ in France, while it will debut on the big screen elsewhere. The entertainment giant is protesting against the country's strict rules that require theatrically-released films to wait 17 months before going to streaming platforms. But first, European lawmakers take a step closer to meeting the bloc's target of making all new cars emissions-free by 2035, by endorsing a proposed ban on new fuel-powered cars.

Russia's war in Ukraine is derailing the global economy's recovery from the pandemic. The Organisation for Economic Cooperation and Development (OECD) is the latest to slash its forecast for economic growth, warning of high inflation and a possible food crisis. Also in the show: India's central bank raises interest rates for the second time in less than a month, while Turkey's government refuses to do so, despite spiralling inflation.

Elon Musk's legal team has warned Twitter that the Tesla boss could walk away from a $44 billion deal to buy the social media giant, accusing it of breaching its contractual obligations by not sharing information about how fake accounts are calculated. We take a closer look. Plus, at its annual Worldwide Developers Conference in Palo Alto, Apple launches a redesigned MacBook Air and a MacBook Pro with a new chip that makes them faster and more powerful.

The new German government is making most public transport across the country available until the end of August for a monthly fee of only €9. The move aims to offset inflation and reduce carbon emissions. Our Berlin correspondents Anne Mailliet and Nick Spicer report. Also in this edition, we see how an EU embargo on Russian oil risks backfiring.

French inflation comes in higher than expected at 5.2 percent at May, with consumer prices also on the rise across the continent, driven by skyrocketing food and fuel costs. We take a closer look at how French consumers are looking for discounts in supermarkets. Also, we see how the fashion industry's sustainability efforts continue to fall short.