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UN warns of global food ‘catastrophe’

Up to 181 million people in 41 countries could be hit by severe food shortages this year due to the conflict in Ukraine and its impact on grain and fertilizer exports, according to a UN report. “Food should never be a luxury; it is a fundamental human right. And yet, …

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US blames ‘global challenges’ for record inflation

The White House on Tuesday insisted that “global challenges” such as the conflict in Ukraine, and not President Joe Biden’s policies, are to blame for inflation in the US. Biden’s press secretary Karine Jean-Pierre insisted the economy remains strong and the government is in a “good position” to tackle the current headwinds. “What …

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Putin identifies culprit of global inflation

Western nations have mismanaged the global economy, and the entire world is now paying the price for their incompetence, Russian President Vladimir Putin said on Monday. He made the claim during an address ahead of the St. Petersburg International Economic Forum (SPIEF). The annual international event, which is hosted by …

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Global oil price jumps amid supply fears

Saudi Arabia’s oil and gas giant Saudi Aramco has unexpectedly raised its selling prices for Asia, sparking global concerns over tightening supplies. The world’s largest oil exporter increased the official July price for its flagship Arab light crude by $2.10 a barrel from the June level, Aramco announced on Sunday. …

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Russia not to blame for global food crisis – Putin

The restrictions imposed by the US and its allies against Russia and Belarus will only exacerbate the looming global food crisis by affecting the fertilizer trade and sending food prices even higher, Russian President Vladimir Putin has said. In a special TV interview on Friday evening following a meeting with African …

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UN outlines solution to global food crisis

There is no other solution to the global food crisis than the prompt reintegration of both Russia and Ukraine into global food markets, despite the military conflict between the two countries, UN Secretary-General Antonio Guterres said on Wednesday. Speaking at a press conference with Swedish Prime Minister Magdalena Andersson, he …

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Global food crisis may spread from grain to sugar

Sugar prices are expected to soar due to the export restrictions imposed by a number of key producing nations seeking to tame rising domestic food prices. The impact of the Covid-19 pandemic, which seriously undermined global supply chains, has been dramatically aggravated by the crisis in Ukraine and the subsequent …

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Russia warns US of ‘consequences for global security’

The risk of escalating the conflict in Ukraine would be considerably heightened if the US provides Kiev with long-range multiple launch rocket systems, Russia’s ambassador to the US, Anatoly Antonov, warned on Friday. Earlier, several US media outlets reported that the Biden administration had given the green light to the …

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