The Nicaraguan authorities are to cover 70% of the increase to keep high prices at bay The government of Nicaragua announced on Friday that it would not be hiking fuel prices, despite the surge on global markets amid the crisis in Ukraine.

The conflict in Ukraine and sanctions against Russia from Western countries are driving up global food prices, as Black Sea ports used to export grain remain blocked. The situation could lead to hunger and food rioting in poor countries, where food security depends on imports, the head of the World Trade Organization (WTO) Ngozi Okonjo-Iweala…

The West’s populations must be ready for years of “hardship,” a UK general has said Western nations should prepare their peoples for a long-term drop in living standards if their standoff with Russia continues, the Britain’s former Assistant Chief of Defence Staff, Jonathan Shaw, has said.