Major British supermarket chains have limited how much cooking oil customers can purchase, a move attributable to shortages and subsequent changes in consumption patterns resulting from the conflict in Ukraine. According to the UK food regulator, the former Soviet republic is responsible for a “significant proportion” of UK sunflower oil …
Read More »
Terrorist group Islamic State (IS, formerly ISIS/ISIL) has called on its members and supporters to wage jihad against Europe and Israel while the West is distracted by the situation in Ukraine, according to an online message posted cited by the Times on Monday. Jihadists should strike while those the group …
Read More »
The conflict between Russia and Ukraine has underlined Turkey’s importance for both the EU and the US-led NATO military bloc, Turkish President Recep Tayyip Erdogan said on Monday. He made the remarks during a speech at the ruling AK Party headquarters in Ankara. Senior party members gathered in the headquarters …
Read More »
North Korean state media issued a scathing condemnation of US President Joe Biden on Saturday, decrying his “senility” and diagnosing a “problem in his intellectual faculty.” US sanctions on Russia will backfire, the article by the official KCNA news agency claimed, with Washington being the “final loser” on the world …
Read More »
The Russian ruble strengthened to 76 rubles to the US dollar and 82 against the euro on Thursday, reaching its strongest levels against major currencies since February 23. The ruble plunged to historic lows after Russia launched the special military operation in Ukraine, and the US and its allies imposed …
Read More »
Following the resignation of Sri Lanka’s Central Bank Governor Ajith Nivard Cabraal on Monday, President Gotabaya Rajapaksa dropped his brother, Basil Rajapaksa, as finance minister in an attempt to reshape the country’s government, amid massive protests over a deteriorating economic crisis. The Rajapaksa’s political clan has been accused of nepotism …
Read More »
Republican lawmakers are pressing President Joe Biden’s administration to allow farmers to plant crops on millions of fallow acres through a federal conservation program, saying larger US harvests would help stabilize food prices and prevent famine amid the Russia-Ukraine conflict. At issue are the more than 4 million acres of …
Read More »
The situation surrounding Ukraine could lead to famine in Africa and the Middle East, Cecilia Rouse, the chair of US President Joe Biden’s Council of Economic Advisers, told CNBC on Friday. Rouse said that Russia and Ukraine are generally considered the bread basket for many parts of the world, as …
Read More »
Chinese leaders have brushed back pressure from the EU to take an anti-Russia stance in the Ukraine conflict, warning that cooperation between Beijing and Brussels is needed to prevent long-term damage to the global economy. Speaking by videoconference on Friday in a summit meeting with EU leaders, Chinese President Xi …
Read More »
Russian President Vladimir Putin has warned Europe of a new influx of migrants that, in his opinion, will “inevitably” follow the food crisis. Discussing on Thursday the unprecedented sanctions imposed on Moscow by the West in response to the Russian attack on Ukraine, Putin criticized the behavior of some Western …
Read More »