Nigeria’s closed borders: Who wins?
20 November 2019 | 2:47 pm
Despite a continuous spike in inflation and complaints of revenue losses by businesses, Nigeria's borders will remain closed until January 2020. CNBC Africa’s Samuel Onalaru has more on this story.
Inflation is at its highest level in decades in many parts of the world. In the US, consumer prices were 8.3 percent higher in April than a year earlier. In the eurozone, they rose by around 7.5 percent. Energy prices have been driving the surge, with Russia's war in Ukraine further fuelling the trend. But higher inflation tends to have a bigger impact on low-income households. Xavier Jaravel from the London School of Economics discusses this and more with FRANCE 24's Kate Moody.
British inflation surged last month to its highest annual rate since 1982, piling pressure on finance minister Rishi Sunak to step up his help for households facing a worsening cost-of-living crisis.
Prices in Germany have increased by 7.9% this month, the highest amount since reunification.
Inflation in the eurozone has hit another record high, as the war in Ukraine stokes energy and food prices. Prices had already been increasing because of supply chain problems in the wake of the coronavirus pandemic.
French inflation comes in higher than expected at 5.2 percent at May, with consumer prices also on the rise across the continent, driven by skyrocketing food and fuel costs. We take a closer look at how French consumers are looking for discounts in supermarkets. Also, we see how the fashion industry's sustainability efforts continue to fall short.
The German government is supporting Ukraine, battling inflation, and combatting climate change. A monthly survey has asked voters how they rate the efforts.
An ongoing maritime dispute between Lebanon and Israel has re-entered the spotlight after a production vessel docked in an offshore gas field on Sunday. The Lebanese claim the ship is in disputed territorial waters, but the Israelis refute this. Both countries have yet to agree on maritime demarcation lines and have called on the US to mediate new talks. For more analysis, we speak to oil and gas policy expert Laury Haytayan, who is MENA Senior Officer at the Natural Resource Governance Institute (NRGI).
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.
ISWAP behind Owo Church Attack – National Security Council, Ghana’s inflation surges to 18-year peak
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The migration crisis, the rise of nationalism and the Covid-19 pandemic have put borders back in the headlines. Although frontiers had never disappeared, globalisation and modern forms of transport had seemed to render them obsolete, at least in many regions. FRANCE 24 brings you a documentary series on four borders that are emblematic of our times. Our reporter Lucile Wassermann travelled to the Arar border crossing between Iraq and Saudi Arabia, which is coming back to life in the middle of the desert.
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.
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