Soaring

Annual March rate adds to pressure on household finances and follows warnings of slowdown to UK economyUK inflation rose by 3.3% in March amid the surge in fuel prices for motorists triggered by the Iran war.Figures from the Office for National Statistics (ONS) show the consumer prices index increased last month from 3% in February, adding to pressure on household finances already battered by a cost of living crisis. The rise matched City economists’s forecast of an increase to 3.3%. Continue reading...

Presidential elections in Djibouti and Benin at the weekend highlighted how a costly electoral system is reshaping democracyAlexis Mohamed would have loved to stand against his former boss. A longtime adviser to Djibouti’s president, Ismail Omar Guelleh, Mohamed resigned last September, citing democratic regression in the country.But at the election at the weekend, Mohamed was not on the ballot. Now outside the country, he says he cannot return home to file nomination papers or campaign freely without credible security guarantees. Even if he were allowed to compete, nomination costs would still loom as a steep barrier in a political environment many critics describe as ceremonial, with Guelleh the habitual winner. Continue reading...

Nasa astronauts begin journey home having collected eagerly awaited images of impact craters and ridgesNasa’s Artemis II astronauts have described the powerful emotion felt when soaring over the moon as they photographed impact craters, cracks and ridges and began their long journey home.Among the eagerly awaited images captured by the crew, who worked in pairs at the Orion capsule windows, are those of the Earth rising from behind the moon, a solar eclipse and parts of the 590-mile (950km) wide Orientale impact basin that have never been observed with the naked eye. Continue reading...

The argument for transitioning to renewables seems stronger than ever – and yet, attacks mount on the carbon price scheme that underpins the EU’s success at cutting pollution• Don’t get This Is Europe delivered to your inbox? Sign up hereOn the one hand, experts say, Europe is better prepared for this energy crisis than the last. On the other, it is still waging a culture war against the most obvious path out.Fuel prices have soared to ruinous levels since the Iran war left ships of oil and liquefied natural gas (LNG) stranded in the Gulf. The pain is most acute in Asia, but high energy prices are already causing panic in Europe. Shortages could hit the continent this month, oil company Shell warned last week. Donald Trump’s “go get your own oil” comments on Tuesday sent prices to their highest level since the start of the US-Israel attack on Iran. They briefly dipped below $100-a-barrel on Wednesday amid hopes that the war may soon end. Continue reading...

Other delivery and transport companies such as Uber, DoorDash and Australia Post are weighing whether to charge moreFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastRideshare giant DiDi has raised its prices to cover soaring petrol costs, becoming one of the first major companies after the airlines to charge Australian consumers more as a result of the conflict in the Middle East.Uber, DoorDash and Australia Post were among the delivery and transport companies weighing whether to add charges, as small businesses hike fees. Continue reading...

A Chevron station just outside downtown charges more than $8 a gallon – nearly $3 more than the city’s averageIt’s tempting to think that a gas station charging more than $8 a gallon is a glamorous Los Angeles curiosity. Sort of like shopping at Erewhon, the healthy grocery chain that wows with a premium experience – and commands up to $22 a smoothie.But there’s no glamour at the 901 N Alameda Street station. It’s just a dingy Chevron on the edge of LA’s Chinatown, regularly featured in news stories to illustrate the high cost of fuel in California. Midday on Tuesday, the station charged $8.31 for a gallon of regular gas. Continue reading...