The removal of fuel subsidy and subsequent increase in fuel price from about NGN180 to NGN500 in June by the current administration hit businesses and individuals across Nigeria in no small measure. But as of today, prices of fuel have taken another drastic increase from NGN500 to over NGN700. Already, NNPC filling stations across the country have adjusted and started dispensing at NGN617.

Sri Lankan President Ranil Wickremesinghe discussed potential joint infrastructure projects, including building a land bridge across the Palk Strait, during an official visit to India.

A nationwide strike called by Nigeria's labor unions to protest against the removal of a petrol subsidy and demand a new minimum wage got off to a slow start on Wednesday as most businesses were open, though with reduced traffic in some spots.

Germany's industrial output has dropped significantly, with the country's economy ministry warning that, amid a pessimistic outlook, there are no signs of light at the end of the tunnel.

The Philippine government summoned China's ambassador on Monday and presented a strongly worded diplomatic protest over the Chinese coast guard's use of water cannons in a weekend confrontation with Philippine vessels in the disputed South China Sea, officials said.

History shows the economic impact of technological advances is generally uncertain, unequal and sometimes outright malign.

Niger's coup leader Abdourahamane Tiani sent a delegation, led by his defence chief General Moussa Salaou Barmou, to the Guinean capital Conakry on Saturday to thank leaders there for their support - a sign of the junta's desire to affirm alliances as it stands up to regional and other powers.

As BRICS leaders meet in Johannesburg on Tuesday, they will be sure to discuss ways to increase commercial exchanges within the bloc of emerging economies comprised of Brazil, Russia, India, China and South Africa. The group, which represents 16% of global trade, will also look to encourage the use of local currencies in exchanges. However, the Brazilian idea of creating a common currency for the bloc appears to now be on the back burner.

As Zimbabweans head to the polls this Wednesday, we take a look at the dire economic straits the country finds itself in. Inflation has gone from the single digits in 2017 to 77 percent this month, the currency has crashed against the US dollar, and high unemployment has led many to emigrate. While incumbent President Emmerson Mnangagwa has played up improved infrastructure on the campaign trail, his opponent Nelson Chamisa detailed a plan that he says will build Zimbabwe into a $100 billion economy.

The EU is set to launch a new mission in West Africa in the fall, a German newspaper has reported. The combined military-civilian operation will aim to prevent instability triggered by jihadi groups.

On 17 August 2023, popular protests over the high inflation rate and deteriorating economic situation in Syria erupted in the Druze majority city of Al-Suwayda, with hundreds of participants. These grew, and by 20 August, thousands of protesters chanted slogans demanding the downfall of Assad regime.

Gabonese hope for jobs, eventual civilian rule following military coup