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Banks and customers are expecting another interest rate increase on Wednesday – for the tenth time in an effort to curb inflation. The weekend collapse of First Republic Bank is not expected to deter the Fed from another rise. First Republic was the third major bank to fail in two months. Another rise of a 0.25% would put the main rate at 5.1%, the highest in 16 years.

In Kenya, riot police have been firing tear gas in the capital Nairobi on opposition protestors and even members of parliament during the latest anti-government demonstrations. The MPs were trying to deliver a petition to the presidential palace over the spiralling cost of living in the country.

And, Australia will ban recreational vaping and disposable vapes in the biggest crackdown on the tobacco industry in more than a decade. The government's goal is to stop an alarming rise in teenage vaping, which has become the number one behavioural issue in high schools.

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