Cost of importing food set to reach new high of nearly $2 trillion
By France24
21 June 2023 |
7:22 am
The cost of importing food is expected to reach nearly $2 trillion this year, with inflation increasing hunger and starvation in poorer nations. Also, prior to next week's Paris Air Show, French President Emmanuel Macron is announcing investments in greener ways to fly. Plus, we see how Beijing, Washington and Brussels are taking three different approaches to interest rates. Finally, we discuss Elon Musk's upcoming talks with Macron and his stop at the VivaTech trade show.
Related
Related
7 May
With inflation taking a toll on people's finances and amid a growing sense of responsibility towards the climate, second-hand shops are booming across the globe. In France, around 10 percent of clothes each year are now resold, and thrift stores are attracting a wider audience.
3 days ago
The EU and Lebanon have agreed upon an aid package to help the country deal with its financial crisis and high numbers of refugees. Most experts believe the deal could increase, not dampen, irregular migration.
2 days ago
The naira continues to trade around 1,300 against the greenback at the official market this week. Meanwhile, data from the CBN shows Nigeria’s currency in circulation has risen to 3.87 trillion naira at the end of March. Kingsley Nwaiwu, Head of Consumer sector sales, Global Markets at Stanbic IBTC joins CNBC Africa on the FX trading patterns, impact of CBN’s reforms and Nigeria’s drive to increase dollar flows.
10 hours ago
Fuel queues are gradually easing off in major cities like Lagos. However, Major marketers are demanding increased supply from the Nigerian National Petroleum Company as depots stock drops. Temitope Kolade, Senior Manager, Oil, Gas and Power Unit at Andersen Nigeria joins CNBC Africa for more.
3 days ago
Nigeria has announced plans to delist the naira from all peer-to-peer (P2P) platforms. According to the Director General of the Securities and Exchange Commission, the move is to tackle the manipulation of the local currency’s value in the foreign exchange market.
2 days ago
Chad's election results are being disputed after interim President Mahamat Idriss Deby was declared the winner according to provisional results, something opposition leader Succes Masra described as an attempt to "steal" the vote.
Latest
2 hours ago
India's top court has granted Delhi's chief elected official, Arvind Kejriwal, temporary bail so he can campaign in elections.
2 hours ago
The European papers look at the dominance of the far right in Europe, a month before EU elections. We also look at protests around Israel's Eurovision candidate and at Ireland's Trinity College, which agrees to divest in exchange for its students ending their protest encampment. Also: a ladies-only exhibition in Tasmania is labelled discriminatory and we bring you the finalists from the Comedy Pet Photography awards!
3 hours ago
With just a few weeks to go before EU elections, the far right in France is on track for a comfortable win, if the polls are correct. The National Rally only just beat France's ruling party, Renaissance, in the last EU elections in 2019. This time, a wide gap has opened between the two, potentially striking a serious political blow to President Emmanuel Macron and his idea of a more powerful Europe. The National Rally has struck a chord with its campaign about purchasing power, standards of living and crime in French cities.
3 hours ago
The International Court of Justice has rejected a request from Nicaragua for Germany to stop selling weapons to Israel.
3 hours ago
Social media users are sharing a viral video that purports to show French pilots painting a Russian flag in the sky, instead of a French one, during Marseille's Olympic flyover event.
4 hours ago
It has been called an invisible epidemic. Every year, around 300,000 people in Europe die prematurely because of air pollution, according to the European Environment Agency. Those of us living in cities are particularly exposed to unsafe levels of fine particulate matter and nitrogen dioxide. The EU is trying to bring air quality closer to World Health Organization guidelines, but the political deal that has been struck includes a clause that will allow member states to delay action by up to 10 years, if specific conditions are met.
×
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.