Draghi’s opening statement at ECB news conference

The European Central Bank has left the interest rate unchanged but indicated that it will rise in July — the first hike since 2011. It is also halting a program which ultimately amounts to printing electronic money.

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Polio cases are on the rise in Pakistan although it's an illness eradicated almost everywhere else in the world. Part of the problem is widespread vaccine skepticism and outlandish conspiracy theories.

Germany's Bundesbank has predicted annual inflation of 7.1% as prices spiral upward. The central bank also cut its economic growth forecast, warning that the situation could get worse depending on the war in Ukraine.

The 8.6% yearly increase is the biggest since 1981. President Biden's efforts to stem the tide are having little effect as the impact of Russia's invasion of Ukraine continues to hit global economies.

Traders across various markets in Nigeria have lamented the fast-growing inflation as food prices have continued to record an exponential growth in price. GuardianTV went to the market to speak with both sellers and buys about how expensive things have become.

The Japanese and Indian currencies plunged to their lowest records in decades against the US dollar as Washington looked set to hike interest rates in a bid to tackle inflation.

Wall Street had one of its worst days in recent weeks on Monday as a worse-than-expected US inflation figure last Friday fuelled concern about more aggressive rate hikes to come from the Federal Reserve. Cryptocurrencies also continued to tank after a lender froze withdrawals. Plus, as Europe looks to bolster the continent's energy security, France's TotalEnergies signs a deal with Qatar on a major gas field project.

Joe Biden is set to travel to Israel on July 13 before heading to the occupied West Bank and Saudi Arabia. The trip's announcement comes despite pledges to side-line the "pariah" Saudi state.

Burkina Faso's leader, Lieutenant Colonel Paul-Henri Damiba traveled to Seytenga on Wenesday to visit people who survived an attack that reportedly killed over 100 people over the weekend. Soldiers have recovered 79 bodies so far after the attack in the northern Seno province, the government said on Tuesday, as new details of the assault emerged.

Inflation is a problem everywhere but in Turkey it is currently a staggering 73.5%, with no end in sight. Still, President Erdogan insists on maintaining low interest rates.

Federal Reserve raises key interest rate 0.75% as it tries to calm inflation. The Federal Reserve said on Wednesday that it is raising its benchmark interest rate by three-quarters of a percentage point, the sharpest hike since 1994, as it seeks to combat the fiercest surge in U.S. inflation in four decades.