At a fuel station in Nigeria's commercial capital Lagos, tempers flare and harsh words are exchanged as motorists wait in line for hours to fill up their tanks at one of the few outlets with petrol left in the vicinity.

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.

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.

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.

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.

Sri Lankans told DW how they're struggling with shortages of food, fuel and medicine as the nation faces one of its worst economic crises in decades.

Last week, hackers tried to disable the servers of several German authorities and ministries. A Russian group claimed responsibility on Telegram. The Federal Police Office has reported an increase in cybercrime.

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.

In the midst of the fuel scarcity crisis, NNPC promised that over 2.3 billion liters of PMS would be delivered before the end of February 2022 to totally arrest the situation. That promise is yet to be fulfilled as Nigerians are left stranded, filling stations packed with long queues, and the pump price increase. ⁣ ⁣

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