Business

The European Central Bank is currently fighting rampant inflation in the eurozone which is just one of the many crises its policymakers have had to face in the past 25 years.

A new report says the oil giants should foot a $12 billion bill for the pollution in Nigeria's Bayelsa state — but they deny wrongdoing. Instead, Shell and Eni attribute the oil spill to illegal refineries and oil theft.

Russia sanctions focusing on its $5 billion diamond industry is on the agenda as the seven leading democratic economies come together in Hiroshima, Japan. China's economic influence is also up for discussion.

More than 900,000 people worldwide are fighting to survive in catastrophic hunger/one step away from famine. This is ten times more than five years ago, an alarmingly rapid increase. An immediate response is needed. The global community must not fail on its promise to end hunger and malnutrition by 2030.

Stadler faced allegations of helping conceal the fact that Audi's parent company, Volkswagen, installed software to rig emissions tests. The German auto industry giant admitted to the "dieselgate" scandal in 2015.

A commission of international experts has concluded that Bayelsa, one of the main oil-producing states in Nigeria's Niger Delta, will need $12 billion to clean-up oil spills that were blamed on two oil majors.

A project provides solar-powered sewing machines to socially disadvantaged women in rural villages. In addition to the machines, the young women receive seamstress training.

Beijing's huge stimulus program helped the West to recover from the 2008 financial crisis. This time, however, China's post-COVID recovery is patchy and geopolitical issues mean it is unlikely to stop a global recession.

Wonuola Akanbi, the Head of Energy and Infrastructure sales, Global Markets at Stanbic IBTC Bank, joins CNBC Africa to discuss the dynamics in the global oil market and how it impacts Nigeria.

Nutrition labelling has been mandatory on all pre-packaged foods since 13 December 2016 (EU Regulation 1169/2011 of 25 October 2011 on the provision of food information to consumers). However, the way in which nutrition information is presented on the front-of-pack (FOP) is not harmonized by European law.

In an eleventh round of sanctions on Russia, Brussels is hoping to crack down on the evasion of existing trade restrictions, particularly when it comes to the re-exportation of sensitive technology that can be used on the battlefield in Ukraine. On Monday, the European Commission proposed curbing exports to nations it accuses of helping Moscow get around trade sanctions, as well as blacklisting several Chinese companies that sell equipment that can be used in weapons.

The World Economic Forum is urging Nigeria to identify risk-hedging facilities to back the naira financing of clean energy projects due to the limited availability of dollar finances.