Washington/Moscow/Kyiv: Analyst Sara Menker warned that the global wheat stocks might not last beyond ten weeks. Menker pointed to this stark reality during a meeting of the UN Security Council. She also claimed that the world is facing a food shortage crisis for the first time since the 2008 recession. Although the Russia-Ukraine conflict is […]
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Berlin: The G7 group has warned that a severe crisis is developing in the food and energy sector on the global level, given the Russia-Ukraine conflict. While issuing this warning during the G7 meeting in Berlin, the G7 member countries warned that the poorer countries were being hit hard due to this crisis. German Foreign […]
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Washington: The rising inflation and declining government expenditure in the wake of the Russia-Ukraine conflict have led to an unexpected slowdown in the US economy. In the first quarter of 2022, US GDP fell by 1.4 per cent. Also, the economy grew by 6.9 per cent in the last quarter of 2021. Against this backdrop, […]
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Rome/Moscow/Kyiv: David Beasley, Executive Director of the World Food Program (WFP), accused that food is being used as a weapon in the Russia-Ukraine war. Beasley made this statement while answering a question asked to him during a program on a US news channel. He said that it is not possible to streamline the food supply […]
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New Delhi: – The United States is issuing threats and warnings in various ways that if India continued to trade with Russia, it would have dire consequences. The United States pointed this out to India even during the Two-Plus-Two talks between the two countries. But India has indicated that the US pressure will not affect […]
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Rome: The United Nations has warned that a severe food grain crisis could develop in the countries from Africa, Asia and the Middle East given the Russia-Ukraine conflict, causing an increase of nearly 20% in the prices of food grains. If the conflict between these two countries extends, the seasonal crops in Ukraine will fail. […]
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London: – The Russia-Ukraine conflict affects food grain prices in the international markets. The prices of legumes along with wheat have sky-rocketed. This could lead to Arab Spring-like violence, riots and instability in certain countries. Analysts claimed that these would include Egypt, Lebanon, Syria, Yemen, Pakistan, Turkey, and Bangladesh. Moreover, the Middle East, Africa, […]
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Geneva/Kabul: – The volunteer organisation Red Cross has issued a severe warning that the economy of Afghanistan is on the brink of collapse within just six months of the takeover by the Taliban. The banking system in Afghanistan has already collapsed completely and illegal means like ‘Hawala’ are being used for money transactions. Afghanistan has […]
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New Delhi – Finance Minister Sitharaman said, ‘We have presented a budget, in the 75th year of independence that will lay the foundation for the next 25 years.’ She added, ‘We have made it our priority to present a budget that sustains the country’s economic development.’ On the other hand, Prime Minister Narendra Modi welcomed […]
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London/Canberra: – The United Kingdom and Australia have signed a historic free trade agreement. It is said that the deal is expected to boost trade between the two countries by more than $13 billion. This is the first free trade agreement proposed and achieved by the United Kingdom since its withdrawal from the European Union. […]
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