Sri Lanka's utility regulator approves 75% energy price hike

Available for over a year

As the economic and political crisis in Sri Lanka continues, the country's energy regulator has confirmed a 75% increase in power tariffs. It comes as anti-government protests take place in the country. We get analysis from Dr Paikiasothy Saravanamuttu from the Centre for Policy Alternatives in Sri Lanka, who is also an IMF fellow. Inflation in Nigeria has reached 18%. An engineer working in Lagos explains the impact it's having on his business. A major exporter of olive oil predicts a 20-25% increase in the product's price because of heatwaves in Spain this summer. (Image: Drone view of Colombo city and the beach, Sri Lanka - stock photo. Credit: Getty Images)