Millions in Argentina rely on food aid
18 May 2022 | 10:20 am
Argentina is struggling to deal with spiraling food inflation, driven by soaring commodity prices worldwide, the war in Ukraine and the lingering effects of the pandemic. Millions in Argentina are relying on food aid.
Ethnic clashes leave at least 17 people dead in Sudan's Darfur region. Observers blame. Arab militias for launching attacks to settle land and livestock disputes. The cost of living for Ghanaians is at its highest in almost 6 years. The increasing price of basic goods such as water and oil leave families and businesses struggling. And Congolese authorities vow to clamp down on shoddy construction after a tragic accident in Kinshasa. Experts blame corruption and poor urban planning.
Nigeria to hold second interest rate meeting of 2022 on the back of an upsurge in inflation and fragile growth. Persistent double-digit inflation could pile pressure on the central bank to reconsider its dovish stance on rates.
Inflation in France is set to surpass 4 percent in March, according to the latest estimates from the national statistics institute Insee. The pace of price rises has already hit the highest level since 2008. The rising cost of living has become a central issue in the French presidential election campaign, with promises from candidates to cut taxes and raise wages to tackle it.
The ongoing war in Ukraine is affecting the availability and prices of fuel in Nigeria, with many drivers now struggling to fill up their vehicles.
Kenya plans to pay subsidy arrears to fuel sellers this week amid shortages at the pumps. Like many developing economies, Kenya has been reeling with rapidly rising fuel prices, accelerated by the conflict in Ukraine.
Lebanon plunges into darkness as fuel shortage prompts shutdown of two power stations. Lebanon's two biggest power stations shut down due to fuel shortage, leaving the country in complete darkness on Saturday, a government official told Reuters.
World food commodity prices reached their highest levels ever in March, as war in #Ukraine spreads shocks through markets. The @FAO Food Price Index averaged 159.3 points in March, up 12.6% from Feb 2022 and was 33.6% higher than in March 2021.
The price of staple foods like rice, onions and oil is rising in Senegal - leaving Muslim families who are celebrating Ramadan relying on charity.
Consumer prices in the US surged by 8.5 percent in March, the fastest pace since 1981. The inflation spike was fuelled by a 32 percent jump in energy costs, linked to Russia's war in Ukraine. Many American consumers are struggling to keep up with the price rises. Also in the show: Emmanuel Macron appears to waver on his pledge to raise France's retirement age to 65, and Sri Lanka enters default as its economic crisis deepens.
Fuel shortages across Sri Lanka have prompted fuel rationing. For the seventh day in a row, protesters demonstrated in front of the president's office.
61% of small business owners in the US say that the current state of the economy is making it difficult for them to stay open. This is according to a survey of over 500 small business owners commissioned by Clarify Capital.
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