The European Union is proposing a new round of sanctions against Russia including a ban on coal imports and a ban on Russian ships entering European ports. German economist Jakob Schlandt tells us that Germany's heavy reliance on Russian energy remains a difficult issue for the EU. Japan has also stepped up sanctions against Russia; Noah Schneider, Tokyo bureau chief for The Economist gives us the details.

Unrest is growing in Peru as both fuel and food prices are rising rapidly. The government has imposed a 22- hour curfew to contain protests; Marcelo Rochabrun is the Reuters correspondent in Lima and brings us the latest from the capital.

And Joe Saluzzi of Themis Trading in New Jersey brings us up to date with today's movements on Wall Street.

The European Union is proposing a new round of sanctions against Russia including a ban on coal imports and a ban on Russian ships entering European ports. German economist Jakob Schlandt tells presenter Faarea Masud that Germany's heavy reliance on Russian energy remains a difficult issue for the EU. Japan has also stepped up sanctions against Russia; Noah Schneider, Tokyo bureau chief for The Economist gives us the details. Also in the programme: a special report from the BBC's Vivienne Nunis looks at Australia's tourism industry, which is breathing a sigh of relief as the country's borders finally reopen and things start to get back to normal. Finally, Italy is trying to encourage so-called digital nomads - people whose can work from anywhere, provided they have a laptop and wifi - to settle in depopulated towns and villages. Mario Mirabile from South Working in Italy tells us how he's been helping his fellow remote workers adjust to the lifestyle.

The Intergovernmental Panel on Climate Change report calls for fundamental changes to our patterns of consumption of fossil fuels, and for a major expansion of renewable energy. We speak to Charlie Kronick, senior climate adviser at Greenpeace, and ask how economies are being affected by climate change, and are likely to be impacted in the future.

And after Elon Musk buys a 9% stake in the social media platform Twitter, we ask James Clayton, BBC North America technology reporter, what it did to the company's share price.

Sri Lanka is grappling with what is said to be its worst economic crisis since independence from the UK in 1948. All 26 ministers have submitted letters of resignation - but not Prime Minister Mahinda Rajapaksa or his brother, President Gotabaya Rajapaksa. Protesters have been defying curfews to take to the streets in several cities. We hear from our South Asia Editor, Anbarasan Ethirajan. Hungary's nationalist Prime Minister Viktor Orban has declared victory in general elections after partial results gave his Fidesz party a big lead. Nick Thorpe tells us that if the results are confimed, Mr Orban will have several big economic decisions to make in the first few days of his new term. The Grammy Awards are taking place in Las Vegas, drawing together many of the world's biggest music stars. After the drama at The Oscars last week, there is renewed interest in award season as Rhian Daly from NME explains.

Sri Lanka is grappling with what is said to be its worst economic crisis since independence from the UK in 1948. All 26 ministers have submitted letters of resignation - but not Prime Minister Mahinda Rajapaksa or his brother, President Gotabaya Rajapaksa. Protesters have been defying curfews to take to the streets in several cities. We hear from our South Asia Editor, Anbarasan Ethirajan. Hungary's nationalist Prime Minister Viktor Orban has declared victory in general elections after partial results gave his Fidesz party a big lead. Nick Thorpe tells us that if the results are confimed, Mr Orban will have several big economic decisions to make in the first few days of his new term. The Grammy Awards are taking place in Las Vegas, drawing together many of the world's biggest music stars. After the drama at The Oscars last week, there is renewed interest in award season as Rhian Daly from NME explains.

US unemployment is at a two year low of 3.6% ; we get analysis from Chris Low of FHN Financial. Also in the programme, the conflict in Ukraine has highlighted Europe's dependence on Russian energy. And Russia has now threatened to cut off gas supplies to what it calls "unfriendly countries", unless they pay in Russian roubles. We get reaction to that threat from Anna Moskwa, Poland’s minister for climate and environment. This Sunday, Hungarians will choose a new government, and they face the choice of a further term for Viktor Orban and his controversial Fidesz party, or a single unified opposition candidate, Peter Marki-Zay. Marton Gergely is editor of the independent news outlet HVG, and tells us what role the war in neighbouring Ukraine is playing in the national debate. Plus, Over the last of couple years, more US federal money has flowed into Native American communities than possibly ever before; Savannah Maher from our US partner programme Marketplace has been taking a look at how that money is being put to use.

Russia's foreign minister has been holding meetings in Delhi with his Indian counterpart. It comes against the backdrop of Russia's invasion of Ukraine, and one of the items on the agenda in the wake of western sanctions was Russia and India using their own currencies for trade, rather than the US Dollar. Rajesh Joshi is a journalist and analyst based in northern India, and explains the trade relationship between the two countries. Also in the programme, the conflict in Ukraine has highlighted Europe's dependence on Russian energy. And Russia has now threatened to cut off gas supplies to what it calls "unfriendly countries", unless they pay in Russian roubles. We get reaction to that threat from Anna Moskwa, Poland’s minister for climate and environment. This Sunday, Hungarians will choose a new government, and they face the choice of a further term for Viktor Orban and his controversial Fidesz party, or a single unified opposition candidate, Peter Marki-Zay. Marton Gergely is editor of the independent news outlet HVG, and tells us what role the war in neighbouring Ukraine is playing in the national debate. Plus, airlines have been under considerable pressure since the start of the pandemic, and they now face significantly higher fuel costs following Russia's invasion of Ukraine. We get a sense of how African airlines are coping with it all from Abderahmane Berthe, who is secretary general of the African Airlines Association.

Today's edition is presented by Rob Young, and produced by Faarea Masud, Frey Lindsay and George Thomas

As many as 300 vessels are backed up in Shanghai, waiting to load up or discharge compared to this time last year. We hear about the knock on affects from Steve Lamar, President and CEO of the American Apparel & Footwear Association. Plus Cary Leahey, Adjunct Professor of Economics at Columbia University, brings us the latest news from the financial markets.

Amid a worsening humanitarian crisis, the UN is seeking $4.4bn in aid for Afghanistan. Dawood Azami is the editor of the BBC's Pashto Service, and tells us what life is like for Afghans at the moment. And Mark Malloch-Brown, president of the Open Society Foundations, and former deputy secretary general of the UN, discusses what role western sanctions are playing in the extreme hunger faced by many in Afghanistan. Also in the programme, with just a few days to go before the first round of France's presidential election, the BBC's Theo Leggett reports from the east of the country on how concerns about the rising cost of living are impacting the rival campaigns. Plus, with the current high cost of natural gas, there are renewed calls for countries to move away from the fossil fuel as a way of heating our homes. One alternative is the heat pump, and the BBC's climate editor Justin Rowlatt explains how they work. And we get wider context from Jan Rosenow, director of the non-profit energy think tank, the Regulatory Assistance Project.

Today's edition is presented by Rob Young, and produced by Faarea Masud, Sara Parry and George Thomas.

U.S. President Joe Biden could reportedly invoke a Cold War-era defense law to encourage domestic production of minerals. Josh Siegel of Politico explains why. Also in the show, amid concern about supply from Russia, Germany has invoked its emergency gas plan. Carsten Brzeski is global head of macro research at ING, and tells us what the move actually means. Sri Lanka has introduced enforced 10 hour power cuts. Dimuthu Attanayake is a journalist in the capital Colombo, and discusses the impact the power cuts are having. With high inflation causing problems for people all over the world, the BBC's Dan O'Brien reports from Wiltshire in southwest England, on the challenges farmers are facing with rapidly rising prices for energy and fertiliser. Plus, we have an extended report from Vivienne Nunes on a row brewing in Australia over a proposed new gas field in the Timor Sea.

(Picture: A gas compressor station in Germany. Picture credit: Getty Images.)