Following the removal of the fuel subsidy on May 29 by President Bola Tinubu. Prices of goods and services have largely increased with several businesses struggling to keep the door open. GuardianTV stepped out today to check in with Nigerians to see if they've gotten used to the new normal and this was what they had to say.
The move to slash supplies by 1 million barrels per day in July is "extendable," said Riyadh. Members of the OPEC+ grouping also agreed to extend cuts previously agreed in April until the end of next year.
Supply chain bottlenecks and the war in Ukraine caused inflation to soar. Now, policymakers are pointing to high corporate profits as another driver of increased consumer prices. Will governments intervene?
10 Sep 2022
In northern Ghana, farmers lose some 25% of their animals to diseases every year. Feed and water shortages are also a problem. A startup has developed an app to help farmers get their animals vaccinated to reduce losses.
9 Aug 2022
German officials have expressed fears that a worst-case winter of energy problems could prompt an extremist backlash. How bad things get may depend on how well they manage the crisis – in policy and perception.
11 Jul 2022
Josiane Hodonou's small plantain flour business has almost doubled its production since the start of the war in Ukraine. With wheat flour becoming hard to find and expensive, some people see the cooking banana as a viable alternative.
26 Jun 2022
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.
11 Jun 2022
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.
15 May 2022
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.
5 May 2022
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.
29 Apr 2022
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.
3 Apr 2022
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.