Zimbabwe: Fuel price hike sparks protests amid economic crisis

The resignation comes at a time when the nation’s economy is staring at multiple challenges, from soaring inflation to critical shortages of items like diesel and fertilizers.

German businesses have been losing confidence in the current economic climate as growth prospects worsen. The ifo Institute that published the survey pointed to high energy prices.

Nigeria’s economy witnessed some upheavals in the first half of the year; from rising energy costs and inflation to currency volatility, and lower revenue.

Researchers at Yale University say the Russian economy is suffering massive damage due to Western sanctions, despite Moscow downplaying the effect.

Shepherd Chowe pushes a cart filled with tins, iron rods and other metallic objects down a dusty pathway in Hopley, a poor settlement about 15 km west of Zimbabwe's capital, Harare. He is among desperate Zimbabweans selling scrap metal for survival as the cost of living soars, piling pressure on a population already facing food shortages and high unemployment, and stirring memories of economic chaos years ago under the late leader Robert Mugabe's near four-decade rule.

Kenyan voters head to the polls on Tuesday, with the high cost of living a pressing issue for the electorate. The global economic downturn is negatively impacting Kenya and the continent.

Beijing this week slashed interest rates to boost demand after its zero-COVID policy and a property crash rocked the economy. China's woes will hurt global growth but could also help to cool inflation.

Russia has so far avoided an economic meltdown from the Western sanctions imposed over the Ukraine war. Some think Moscow will run out of cash in two years, while others believe the country remains in a strong position.

The world is paying tribute to Queen Elizabeth II, who has died at the age of 96. She reigned for 70 years over a British economy that was transformed in many ways. Our Business Editor Kate Moody looks at how the economy has changed, the cost of living crises that have bookended her time on the throne, and what's in store for businesses during the period of national mourning.

A recession is looming in Germany, and the mood was tense at the Employers' Day in Berlin. Calls for more financial aid are growing louder throughout the country.

The government in Berlin wants to reduce dependence on the country’s most important trading partner. But German businesses are not convinced.

US President Joe Biden has declared the pandemic to be "over," but hundreds still die in the US daily. Patient advocates and researchers warn that public health and the economy are still at risk.