4 days ago
Rising energy and commodity prices resulting from Russia's war in Ukraine are slowing Europe's economic growth and increasing inflation.
Beijing reported a 4.8% growth for the first quarter, a modest increase over the previous quarter's 4%. The country's economy has been stalling amid coronavirus outbreaks.
As pressure mounts for a ban on Russian gas and oil imports, the DIW think tank suggests that alternative suppliers and lower consumption could free Germany from its dependence on the Kremlin to cover its energy needs.
European Union leaders are meeting with their counterparts from the African Union in Brussels this Thursday. Several major economic issues will be discussed, including the €150 billion investment plan promised by EU Commission President Ursula von der Leyen. Ahead of that gathering, French President Emmanuel Macron promised a deal on reallocating of up to $100 billion of International Monetary Fund finance to African countries. Also today, we bring you the latest on the fuel shortage crisis in Nigeria.
The OECD says recovery is being held back by supply bottlenecks and labor shortages. Calling for swifter vaccinations, it warns growth could be further derailed by new variant omicron.
13 Nov 2021
Lebanon is once again caught in a regional rivalry between Saudi Arabia and Iran. A diplomatic row with the Gulf states could add to the country's political instability and economic crisis.
12 Sep 2021
The ECOWAS bloc called on Guinea to return to "normal constitutional order" after President Alpha Conde was deposed in a coup by special forces.
4 Aug 2021
Among ordinary people in Tunis, the economic crisis and coronavirus pandemic have fueled poverty and discontent. With the recent political turmoil in Tunisia — many fear their livelihoods may take an even harder hit.
19 Jul 2021
On July 19, most of the UK will remove pandemic restrictions. The economy is expected to temporarily benefit, as all businesses can operate normally again. But there are risks amid concerns over the delta variant.
14 Jul 2021
Pharmacies in Lebanon have gone on an indefinite strike. Drug importers have warned they are running out of hundreds of drugs, as the country's central bank has failed to pay overseas suppliers millions of dollars in dues. This, coupled with fuel shortages and power cuts which can last up to 22 hours a day, has resulted in the situation in Lebanon going from bad to worse. Haddak Men B3id is an organisation on the ground that aims to end food insecurity. We talk to its co-founder Gaelle Matar in Beirut.
22 May 2021
Dr. Akinwumi Adesina, Chief of the African Development Bank Group talks discusses the financing Africa needs to strategise its economic bouncebank from the pandemic.
22 May 2021
France is due to hold a summit for selected African heads of state to spur economic growth in light of the COVID-19 pandemic. Experts differ on the guest list and conference expectations citing reality on the ground.