insert_link Business / Economics US Inflation drops below 3% for first time in 3 years Annual inflation in the US dipped below 3 percent in July for the first time in three years according to Labour Department Statistics. That's the lowest level it's been since March 2021, midway through the coronavirus pandemic. With more for us is Benji Hyer from Washington. today15 August, 2024
insert_link Namibia Transport, housing, and food drive 4.6% inflation rate The Namibia Statistics Agency has reported that transport, housing, water, electricity, gas, other fuels, and food and non-alcoholic beverages were the biggest contributors to the 4.6 percent annual inflation rate in July, each contributing 1.0 percentage points. NSA spokesperson Mirjam Shihepo breaks down the numbers. According to the NSA's July 2024 report, inflation rates varied by zone: Zone 2 (Khomas region) had the highest rate at 5.0%, […] today8 August, 2024
insert_link Business / Economics FNB Namibia Anticipates Inflation Drop to 4.4% FNB Namibia forecasts a decrease in headline inflation from 4.6% in June this year to 4.4% last month. This decline is mainly due to reduced transport inflation, linked to eased costs in personal transport and vehicle purchases. The drop is supported by recent global oil price stabilization and the Mines and Energy ministry's July fuel price cuts. Helena Mboti, an Economist at FNB Namibia. today2 August, 2024
insert_link Africa Nigeria police fire tear gas on hardship protests By Laurie Churchman Nigerian police fired tear gas on Thursday to break up several hundred protesters in the northern city of Kano and in the capital Abuja where demonstrators had joined in nationwide rallies against the high cost of living. Africa's most populous country is struggling with soaring inflation and a sharply devalued naira after President Bola Ahmed Tinubu ended a costly fuel subsidy and liberalised the […] today1 August, 2024
insert_link Africa Nigeria under cost of living pressure: 8 essential reads on rising tensions By Adejuwon Soyinka, The Conversation In recent times, Nigeria, Africa’s largest democracy, has been under intense pressure. Assailed by rising inflation, food insecurity and the rising cost of fuel and energy, Nigerians have had to endure diminished purchasing power, hunger and youth unrest. These factors have led to agitations by various segments of society, including demands for higher wages by government workers. At The […] today1 August, 2024
insert_link Namibia Malnutrition affects 14,000 in Kavango East The Kavango East Region has recorded 15 deaths due to malnutrition this year, with around 14,000 people affected. Last year, the region saw an increase in malnutrition cases with 2,716 affected and 30 deaths. HIV patients and pregnant women are among the affected groups. Governor of the Kavango East Region, Bonifatius Wakudumo. According to the Integrated Food Security Phase Classification, between September and December 2022, around 367,000 people, […] today30 July, 2024
insert_link Business / Economics Profits fall at McDonald’s as it redoubles value push McDonald's reported a drop in profits Monday behind broad-based sales declines as the fast food giant redoubles efforts to win over inflation-weary consumers. All three of the chain's operating regions experienced comparable sales decline, a significant weakening next to the year-ago results when global comparable sales jumped nearly nine percent. Profits for the quarter ending June 30 were $2.0 billion, down 12 percent. Revenues were essentially flat […] today29 July, 2024
insert_link Africa Nigeria’s planned protests: What we know By Laurie Churchman with Aminu Abubakar in Kano Politicians and the army have warned people against taking to the streets, but organisers say government failings have left them little choice. Both sides have made comparisons with recent protests in Kenya that forced the government to withdraw new taxes, but it is not clear what shape the rallies could take in Nigeria. With demonstrations set to start on […] today29 July, 2024
insert_link Business / Economics Egypt raises fuel prices as part of IMF-backed reforms Egypt announced Thursday a 15-percent increase in petrol prices, part of a reform package requested by the International Monetary Fund to proceed with a $5 billion loan to the cash-strapped government. The Egyptian petroleum ministry said the price hike would come into effect on Friday. The announcement comes ahead of an IMF meeting on Monday to review the April payout package, unlocking $820 million in funds after […] today25 July, 2024
