Germany warns prices may spike as Russia sanctions tighten
By DW
05 May 2022 |
11:43 am
Germany's Cabinet has wrapped two days and talks about the war in Ukraine and its impact on the German economy. The government warned that a planned EU oil embargo could cause supply problems and even higher inflation.
In this article
Related
Related
2 days ago
Members of the World Health Organization are starting a new round of negotiations to hammer out a global agreement on pandemics. Has Germany learned the right lessons from the coronavirus pandemic?
2 days ago
US Entertainment giant Paramount Global announced on Monday that CEO Bob Bakish was stepping down. In this edition, we take a closer look at how the company's controlling shareholder, Shari Redstone, may have been behind this move and why the firm's value has plummeted 80 percent in the past eight years. Meanwhile in Argentina, President Javier Milei's second attempt at getting his economic overhaul package through parliament is facing fierce opposition.
2 days ago
The German economy has shown a marginal upturn in the first part of the year. The latest figures give some hope that Germany may be escaping the economic doldrums.
1 day ago
Lufthansa is looking to cut costs, including in management, after repeated strikes weighed heavily on Q1 figures. But with the disputes settled and a busy summer anticipated, the CEO touted an imminent "turning point."
8 hours ago
Oil marketers in Nigeria have attributed the reoccurrence of petrol scarcity to supply chain bottlenecks. Meanwhile, Angola has increased the price of diesel, as it phases out subsidies on the petroleum product. Rhode Luemba, Head of Flow Sales, Global Markets at Standard Bank Group, joins CNBC Africa to discuss these stories and more.
1 hour ago
To mark International Workers' Day, anti-poverty NGO Oxfam has released analysis showing that between 2020 and 2023, shareholders saw their dividend payments increase by 45 percent while workers saw their wages increase by just 3 percent.
Latest
1 hour ago
Ukraine has suspended consular services for military-age men abroad. Kyiv is battling a Russian onslaught and needs reinforcements on the front line. Authorities want to ensure that Ukrainian men between 18 and 60 years old living abroad return home.
1 hour ago
For many months, the weather all over Nigeria has been relatively hot. Many citizens have complained About the sun during the day, not being able to sleep at night, and wearing skimpy clothes during the day as the sun shone as though it was its last. GuardianTV spoke with Nigerians and professionals about their experiences and how to survive during the heatwave.
4 hours ago
As Spaniards get ready to elect 61 MEPs to the European Parliament in the June 9 elections, regional elections in Spain are sucking much of the political oxygen. The pro-independence EH Bildu coalition celebrated a historic result in the Basque vote on April 20.
4 hours ago
In Berlin, police have been clearing a pro-Palestinian protest camp set up outside the German parliament building. Police officials said they had to act after some protesters repeatedly used banned symbols and slogans.
8 hours ago
Bengaluru is running out of drinking water, with an estimated daily deficit of 500 million liters. The shortages have become a hot-button political issue during the 2024 election.
8 hours ago
The Biden administration is reportedly looking into reclassifying marijuana from the nation's most dangerous drug to a lower-risk drug, in a historic shift that could have ripple effects across the country.
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
0 Comments
We will review and take appropriate action.