German energy official Klaus Müller has said the country's gas situation is stable but predicted higher prices for consumers. He also said that Germany can last another 2 1/2 months without Russian gas.

Traders across various markets in Nigeria have lamented the fast-growing inflation as food prices have continued to record an exponential growth in price. GuardianTV went to the market to speak with both sellers and buys about how expensive things have become.

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.

Germany's Cabinet has wrapped two days and talks about the war in Ukraine and its impact on the German economy. The government warned that a planned EU oil embargo could cause supply problems and even higher inflation.

With Poland and Bulgaria cut off from Russian gas, major European energy firms are reportedly considering compliance with Moscow's demand to be paid in roubles. Over in the US, Archegos Capital's Bill Hwang pleads not guilty to fraud. Finally, amid a shortage of sunflower oil due to the Russian invasion of Ukraine, the French government has authorised food companies to change their recipes without altering their packaging.

With the invasion of Ukraine raising concerns about energy security, the US oil and gas industry is hoping for a boom. DW's Ines Pohl traveled to the state of North Dakota to find out how producers there hope to cash in on the renaissance in fossil fuels.

Crude oil futures touched 13-year highs on Monday as the US and UK signalled a willingness to include the previously untouched Russian energy sector in sanctions. Meanwhile, more US firms and Chinese social media giant TikTok are suspending Russian operations, and new UK laws to sanction Russian oligarchs could mean big changes for London's luxury real estate market.

Victoria Scholar, head of investment at Interactive Investor, says the geopolitical volatility and limited supplies mean oil prices will continue to rise and are likely to pass well beyond the symbolic $100 per barrel level.

Global stock markets have taken a beating as investors rush for safe havens amid an escalation in geopolitical tensions over Ukraine. Russian stocks and bonds as well as the ruble are among the biggest losers.

Could inflation prove more perilous to livelihoods than lockdown? The latest figures from France and its neighbours show light at the end of the public health crisis tunnel, but there's no time to celebrate. The recovery has spawned a bidding war over goods and raw materials that's cancelled out wage hikes for an in-demand labour force.

Heineken is raising the price of a pint, as supply shortages and high costs hit the beer-brewing business. It's a concrete example of how inflation is affecting both businesses and consumers. Meanwhile, inflation in the UK has hit a 30-year high, and French shoppers are worried about their purchasing power.

Could inflation prove more perilous to livelihoods than lockdown? The latest figures from France and its neighbours show light at the end of the public health crisis tunnel, but there's no time to celebrate. The recovery has spawned a bidding war over goods and raw materials that's cancelled out wage hikes for an in-demand labour force.