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Added on the 13/05/2022 17:04:52 - Copyright : France 24 EN
The price of electricity in Spain has skyrocketed in recent months, leaving some consumers with difficult choices to make about their spending. The Spanish government has announced measures including a VAT cut and a windfall tax on energy company profits to try to combat the price increases, which have been triggered by the rising price of gas. Also today, the troubled Chinese property developer Evergrande faces a major debt deadline.
Myanmar's economy and banking system have been paralysed since a military power-grab in February and livelihoods have been lost after strikes and factory closures. In a country which in normal times exports rice, beans and fruit, the World Food Programme has warned millions will go hungry in the coming months.
Iranians shop in Tehran and comment on living costs following the recent petrol price hike that provoked nationwide demonstrations.
More than 2,000 "yellow vest" rallies are being held across France, mobilizing some 124,000 people against fuel price increases, according to France's Interior Minister Christophe Castaner. He has called on demonstrators to be "cautious" and "vigilant", as several serious incidents have taken place at road blockades, including a fatality.
Singaporeans queue at a popular chicken rice stall on Tuesday to get their fix of the local favourite before Malaysia's curbs on chicken exports kick in. Prices of Hainanese chicken rice at local food centres are set to increase as Singapore warns of supply disruptions. Malaysia's move to cut exports of chickens to control soaring prices and combat domestic shortages triggered concerns in Singapore, which relies in large part on its neighbour for food supplies.
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