Hard Numbers: Blackouts in Nigeria, Turkey’s soaring inflation, Deadly flooding in Central Europe, A new (but familiar) face in UK election, Murdoch ties the knot (again)

Nigeria Labor Congress (NLC) protest against the high cost of living and massive suffering following a hike in petrol and devaluation of the Naira in Lagos, Nigeria
Nigeria Labor Congress (NLC) protest against the high cost of living and massive suffering following a hike in petrol and devaluation of the Naira in Lagos, Nigeria.
REUTERS/Marvellous Durowaiye

4: Millions have taken to the streets in Nigeria as unions began their fourth (and indefinite) strike against President BolaTinubu’s wage policies. Nigeria unions have shut down six power grids, leading to a national blackout at 2am on Monday that halted much of the country’s aviation activity. Unions assert the strike will not end until the government agrees to raise the monthly minimum wage, over tenfold from 30,000 Naira ($20 USD) to 500,000 Naira ($336 USD).

75.5: Inflation has surpassed 75.5% in Turkey, jumping up 5.65% in the last month. Finance Minister Mehmet Şimşek reassured Turkish citizens that “the worst is over,” as the government will begin pushing down inflation in June.

5: Heavy rains over the weekend led to widespread flooding in southern Germany and France, which killed five people, including a rescue worker. States of emergency have been announced throughout the region as highways, railways, and more have been submerged beneath several meters of water.

10: On Monday, Brexit “architect” Nigel Farage announced his plan to “make Britain great again” as the Reform UK party’s candidate in next month’s election. Although his party is only polling at around 10%, it is enough to further destabilize the ruling Tories, who are expected to be beaten soundly by Labour.

5: Is the fifth time the charm? Media tycoon Rupert Murdoch, 93, said “I do” last Saturday to Elena Zhukova, a 67-year-old retired molecular biologist. The couple looked very happy tying the knot in Los Angeles, CA, and showed us it’s never too late for love … particularly if you are a billionaire.

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As the macro landscape evolves and new market dynamics emerge, corporations and investors must understand the trends driving capital allocation, sector shifts, and emerging opportunities to position themselves for success. While there is growing optimism in the market, critical questions persist about geopolitical risks, the impact of tariffs and trade policies, the long-term outlook for the USD, and how to interpret the economic narratives and structural changes likely to shape the immediate future. Get insights from RBC Capital Markets experts on the economy, markets, and deal activity.