Hike

Warning lights over inflation are flashing brighter across the euro zone, and while the European Central Bank kept interest rates on hold as expected today, it made clear that pressure is building for rate cuts to give way to hikes, with markets now looking to June for the first move. Inflation climbed to 3% this month, comfortably above the bank's 2% target, and policymakers now face the prospect of further acceleration after the Iran war drove oil prices to their highest level in four years. ECB President Christine Lagarde…

South Africa faces April 2026 hikes in electricity tariffs and fuel prices, adding pressure on households Electricity tariffs and fuel prices in South Africa are expected to rise in April 2026, with per‑litre fuel costs potentially increasing by up to R5, though final figures have not been confirmed. Electricity tariffs and fuel prices were expected to increase in April 2026, with the per‑litre rise at the pump possibly reaching as high as R5, a development that would further stretch household budgets. The anticipated…

MOGADISHU, Somalia — Somali police arrested a well-known female auto rickshaw driver after she joined protests over soaring fuel prices that choked key roads in the capital, lawmakers and colleagues said Thursday. The driver, identified as Sacdiyo Moalim and widely known as “Sacdiyo Bajaj,” was detained following a demonstration by Bajaj operators who rallied against steep increases in fuel costs and worsening economic conditions in Mogadishu. Authorities have not publicly explained the basis for her detention or said how…

North Western State of Somalia declares coordinated internet price hike illegal North Western State of Somalia’s government has ruled that a recent, simultaneous internet price increase by telecommunications companies was unlawful and incompatible with the region’s free‑market system. A ministerial committee said the coordinated move lacked legal basis and was reversed within days after public backlash across major towns and online. Officials said prices must reflect competition and market forces, not joint action by service…