Fuel subsidy removal the best thing to do – LCCI

With fuel price inflation causing such alarm in South Africa that the government and central bank have been taking action to soften the impact on consumers, Fezile Dhlamini proposes an alternative solution.

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.

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.

In a letter to major oil companies, US President Joe Biden warned he was ready to take steps to provide Americans with "affordable" energy supply.

Find these stories and much more when you grab a copy of The Guardian on Tuesday.

Here are a few reasons to pick up a copy of The Guardian on Saturday⁣. Find these stories and much more when you grab a copy of The Guardian on Saturday.⁣

After weeks of disruptive demonstrations, Ecuador's president Guillermo Lasso announced a price cut for gasoline and diesel. However, the reduction is far less than what protesters have demanded.

Fuel will be rationed for two weeks as shortages and inflation continue to wreak havoc on Sri Lanka. Colombo is hoping Russian energy can solve its problems.

Find these stories and much more when you grab a copy of The Guardian on Thursday.

Sri Lanka's political crisis is hitting the country's citizens hard. Inflation has people skipping meals, as food prices soar. And fuel has become a scarce and prohibitively expensive commodity.

Find these stories and much more when you grab a copy of The Guardian on Thursday.⁣

Air pollution linked to carbon emissions causes millions of deaths every year. A coalition of health groups have called for a nonproliferation treaty to end fossil fuel use around the world.