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Oil producers agree to boost output

The group of oil-producing nations known as OPEC+ has agreed to boost output by 50% in July and August to ease price pressures.

The group of oil-producing nations known as OPEC+ has agreed to boost output by 50% in July and August to ease price pressures. We talk to Senior Analyst for Bloomberg Intelligence Fernando Valle.
African nations usually import almost half of their grain from Ukraine and Russia, along with significant amounts of fertiliser and vegetable oils, but following the invasion of Ukraine, Russia has captured some of Ukraine's biggest seaports and is blocking Ukrainian shipments. We hear from Ollo Sib, who works for the UN World Food Programme in Senegal's capital Dakar.
One way companies and individuals in Nigeria have been able to adapt to inflation is by 'sachetisation': smaller versions of products like pizza or baby formula for an affordable price. Shakirudeen Taiwo, an economist with the Nigerian Economic Summit Group, tells us more from Lagos.
We hear about the challenges the garment industry is facing in India from Daranipathy Rajkumar, chairman of the Indian Confederation of Indian Textile Industries in New Delhi.
Thousands of people have been lining the streets near Buckingham Palace to celebrate Queen Elizabeth's Platinum Jubilee. Some have come from as far away as Australia and the US. The Antigua and Barbuda Chamber of Commerce's Martin Cave joins us to discuss the celebrations in the Caribbean.
The licensing company that controls the Elvis Presley name and image is ordering wedding chapel operators in Las Vegas to stop using Elvis in their themed ceremonies. Jason Whaley, the president of the Las Vegas Wedding Chamber of Commerce explains what this means for the city.

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27 minutes

Last on

Thu 2 Jun 2022 22:32GMT

Broadcast

  • Thu 2 Jun 2022 22:32GMT