Zimbabwe banks on cows as inflation soars
04 September 2022 |
5:45 am
Investing money into cattle is a growing business in Zimbabwe, where inflation is skyrocketing. Many people now consider it safer than putting money in the bank.
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Inflation in the UK has spiked back to its 40-year high of 10.1% as households and businesses continue to struggle with soaring food and energy prices. The data come "despite the Bank of England trying to turn down the heat on this bubbling pot of prices", says Susannah Streeter, Senior Markets Analyst at Hargreaves Lansdown. The figures will add more pressure to the struggling government of Prime Minister Liz Truss.
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Amid a push in France to index salaries to inflation, we take a look at the potential risks and benefits of such measures, which exist in a number of European countries. Also, with Adidas dropping Ye, the artist formerly known as Kanye West, over hate speech and repeated scandals, both the sportswear giant and the artist are expected to weather financial losses.
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Find these stories and much more when you grab a copy of The Guardian on Thursday.
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Nigeria's inflation rate has hit a Seventeen year high. This is a report by the National Bureau of Statistics released in September 2022. GuardianTV takes an in-depth look at the reasons for the all-time inflation.
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The inflation rate in Europe's top economy dropped to 10% for November, preliminary data from Germany's federal statistics agency Destatis showed. This comes after hitting a record high in October.
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The euro is performing better than expected with annual inflation dropping to 10% in November this year, partly due to energy prices. But experts are not overly optimistic.
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The head of Germany's central bank has said it will take until 2024 for inflation to decline sharply. Joachim Nagel said it would take time for the effect of higher interest rates to kick in.
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France's cost of living crisis shows signs of stabilizing, as inflation dropped from 7.1% to 6.7% in December. It's among the lowest levels in the Eurozone, but many households and businesses are still struggling. French bakers are asking for more financial aid, with the cost of flour up a staggering 45%.
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France's cost-of-living crisis shows signs of stabilising, as inflation dropped from 7.1 percent to 6.7 percent in December. It's among the lowest levels in the eurozone, but many households and businesses are still struggling.
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Inflation in the 19 countries using the euro stood at 9.2% year-on-year in December. Having peaked in October at 10.6%, a slight reduction in the pace of inflation is prompting hopes of the peak having passed.
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Find these stories and much more when you grab a copy of The Guardian on Tuesday.
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Boris Pistorius told DW that Germany is willing to work with "reliable partners" like India and Indonesia. The German defense minister will be traveling to India alongside representatives from German's defense industry.
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This year’s theme, “Navigating the crises – From 300 to 3000: How to deliver the next generation of African champions”, reflects on commitment to promote and help shape public policies that are conducive to a new and emerging generation of African companies with billion-dollar turnovers. Organisers of the event said the growth in number and size of African champions is crucial to minimising the impact of foreign crises on the continent’s markets.
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Some 200 international observers were on hand to monitor this year's proceedings for a single round vote based on proportional representation to elect 102 lawmakers.
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