India’s balancing act between Russia and the West

The US has accused Russia of using chemical weapons in Ukraine. These wouldn't be the first, nor the only illegal weapons used — by both sides — in the ongoing war.

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.

According to latest government estimates, the unemployment rate rose to 5.4% in the fiscal year that ended March 2023, from 4.9% in 2013/14 before Modi took over. In urban areas, the rate is higher at 6.5%. Data from the Centre for Monitoring Indian Economy (CMIE), a private think tank, show that the jobless rate rose to 8% in February 2024.

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.

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.

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.