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Added on the 23/08/2022 07:09:10 - Copyright : Euronews EN
The Lebanese pound sinks to a historic low against the dollar on the parallel market, as banks in the crisis-hit country resumed an open-ended strike. The Lebanese pound, officially pegged at 15,000 to the dollar, was trading at 100,000 against the greenback on Tuesday, dealers said -- a dizzying plunge from 1,507 before the economic crisis hit in 2019. IMAGES
The European Union says it has allocated 20 million euros ($21.8 million) worth of humanitarian aid to Haiti after gang violence plunged the Caribbean country into renewed chaos. "An unprecedented level of gang violence is dramatically increasing humanitarian needs across the country. The funding will help humanitarian partners to address the most urgent needs of the population," says European Commission spokesman Balazs Ujvari. SOUNDBITE
South African President Cyril Ramaphosa has declared a state of national disaster in an attempt to tackle the severe electricity crisis that stalling daily life and the economy of the continent’s largest industrial power. IMAGES
Partisans of the South African main opposition party, the Democratic Alliance (DA), take to the streets to protest a prolonged energy crisis causing record power cuts in South Africa. Frequent blackouts, known as load-shedding, have burdened the country for years, with state-owned energy firm Eskom failing to keep pace with demand and maintain its ageing coal power infrastructure. IMAGES
EU finance ministers meet in Luxembourg for the Economic and Financial Affairs Council (ECOFIN), as Europe finds itself in the midst of an energy crisis caused by Russia's invasion of Ukraine. IMAGES
Eurozone finance ministers meet in Luxembourg to discuss the surge in energy prices. Europe is struggling with historically high prices as it faces an early autumn cold snap and a coming winter almost certainly to be endured without crucial Russian gas supplies because of the war in Ukraine. IMAGES
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