Inflation hits happy hour, as Heineken increases prices
17 February 2022 | 12:03 pm
Heineken is raising the price of a pint, as supply shortages and high costs hit the beer-brewing business. It's a concrete example of how inflation is affecting both businesses and consumers. Meanwhile, inflation in the UK has hit a 30-year high, and French shoppers are worried about their purchasing power.
June 13, 2023
June 12, 2023
June 19, 2023
June 30, 2023
It’s one of the most iconic motor races in the world. The "24 hours of Le Mans" race marks a centenary this year. Seven auto manufacturers will be fighting for overall victory with 16 teams represented. The unique race tests its participants' reliability and endurance and encourages innovation. The 13,626km track attracts hundreds of thousands of fans from around the world every year.
The Reserve Bank of India has left the benchmark repo rate unchanged at 6.5% as inflationary pressures ease. However, the bank warned some risks remain.
A short cease-fire in Sudan has finished, with fighting breaking out in Khartoum and surrounds minutes later, witnesses say. Unrest has also affected regions beyond the capital.
Food prices have almost doubled within a year, and increasing numbers of retired people are falling below the poverty line. Meanwhile, the government continues to invest heavily in the arms industry.
The latest El Nino climate phenomenon has arrived, threatening floods in some areas of the world and droughts in others. Previous disruptive weather patterns cost the global economy trillions and stoked inflation.
Annual inflation dropped to 5.5% in the 20 eurozone countries. However, the European Central Bank is still expected to raise interest rates in July.
In spite of an agreement struck in April to cut production of crude by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, oil prices still haven't seen a boost. In this edition, we see that concerns over global economic growth are outweighing the production cuts. Also, European space rocket Ariane 5 gears up for its final lift-off and Singaporean bank UOB makes a winning bet on Taylor Swift fans.
African currencies have lost ground against the US dollar this year, further driving inflation in the import-reliant region. Depleting dollar reserves have left policymakers with limited options to arrest the decline.
German carrier Lufthansa expects 2023 to be one of its best years. The airline said second-quarter profits more than tripled.
Food prices have been rising rapidly since the Economic Community of West African States began pressuring coup leaders to reinstate President Mohamed Bazoum. Ordinary Nigeriens say they are already starting to feel the sting of ECOWAS sanctions.
Although Russia ended the so-called grain deal with Ukraine, prices have not skyrocketed as they did after the start of the war. Since the grain market didn't panic, the focus is now shifting to Russian grain exports.
10 mins ago
With Turkey in the grip of inflation rates running at over 40%, a high not seen in decades, soaring prices are one of the main issues in the presidential and parliamentary elections on May 14. Some of the most severe impacts of the crisis have been felt by businesses and people alike in Istanbul, Turkey's largest city and the country's economic heart.
1 hour ago
For us at The Guardian, where our motto is "Conscience nurtured by Truth," truth is a multifaceted gem, reflecting different realities and lived experiences. Follow our Truthtellers Campaign: a platform amplifying the voices of those whose stories deserve to be heard. Join us on this journey as we explore the diverse tapestry of truth, celebrating the courage and resilience of individuals who share their stories with the world.
2 hours ago
The former Eintracht Frankfurt and Nigeria midfielder believes that Germany's top-flight football league has opportunities to grow in the African market. However, many clubs still need to find ways to make it happen.
2 hours ago
The WHO has called on governments worldwide to increase taxes on alcohol and sugary drinks in order to drastically curb the number of people dying from drinking and unhealthy diets.
2 hours ago
Traditionally, "Black Piet" has accompanied St. Nicholas in the run-up to Christmas, handing out sweets in blackface and a curly wig. Nowadays, many see this figure as symbolizing a racist and colonialist mentality.
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.