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World risks ‘worst famine since WWII’ – German minister

The world is about to face an acute food crisis due to skyrocketing food prices, German Economic Cooperation and Development Minister Svenja Schulze told Bild newspaper on Saturday, warning about a looming famine not seen since World War II. The minister has named Covid-19 pandemic and Russia’s ongoing military operation …

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World on brink of commodities shock – study

Global energy prices are projected to rise dramatically, culminating in the biggest price jump in commodities in nearly half a century, the World Bank has warned. According to the bank’s April Commodity Markets Outlook report, global energy prices, which have already seen a dramatic surge due to ongoing Covid-19 lockdowns …

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Extreme poverty in India has been cut by half, World Bank says

Extreme poverty in India, the second-most populous country in the world, is estimated to have declined by 12.3 percentage points between 2011 to 2019, the Economic Times reported on Monday, citing a World Bank Policy Research Working Paper. According to the report, the count dropped from 22.5% in 2011 to …

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World’s biggest sovereign wealth fund takes a hit

Norway announced on Thursday that the nation’s sovereign wealth fund, the world’s largest, lost $74 billion (- 4.9%) during the first quarter of the year due to the market turmoil caused by geopolitical tensions in Ukraine. According to the country’s central bank, which operates the $1.3 trillion fund, the world’s …

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FBI warns cyber attacks could impact world food supply

The top US law enforcement agency has warned of increased cyber attacks on agricultural cooperatives, saying hackers could target large-scale farms and potentially impact the world’s food supply.  The FBI’s Cyber Division issued a notice to private industry earlier this week, pointing to a growing number of ransomware attacks on …

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