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India bans all wheat exports over food security risk

Mumbai (The Times Groupe)- India has banned wheat exports that the world was counting on to ease supply constraints resulting from the Ukraine war, citing food shortages within the nation.

Global debt hits new record of $305T in Q1

World (The Times Groupe)- The Institute of International Finance (IIF) reported that global debt hit a new high of $305 trillion in the first quarter of 2022, equal to 348% of gross domestic product (GDP).

U.S. Monkeypox case reported, as U.K., Europe report infections in growing outbreak

Europe (The Times Groupe)- In the United States, a case of Monkeypox has been confirmed in a person who traveled to Canada recently. As of yet, no one knows if the man, who lives in Massachusetts and traveled to Canada by car, is connected to the Monkeypox outbreak in Europe.

Economy

World Bank unveils $30B plan to address global food crises

World (The Times Groupe)- The World Bank announced Wednesday that it will spend $30 billion over the next 15 months to combat global food insecurity triggered by Russia's war in Ukraine.

Canada bans China’s Huawei Tech from 5G networks

Toronto (The Times Groupe)- Canadian wireless carriers will not be allowed to use Huawei equipment in their high-speed 5G networks, the government announced Thursday, joining allies in banning the giant Chinese technology company.

U.S. Monkeypox case reported, as U.K., Europe report infections in growing outbreak

Europe (The Times Groupe)- In the United States, a case of Monkeypox has been confirmed in a person who traveled to Canada recently. As of yet, no one knows if the man, who lives in Massachusetts and traveled to Canada by car, is connected to the Monkeypox outbreak in Europe.

World Bank unveils $30B plan to address global food crises

World (The Times Groupe)- The World Bank announced Wednesday that it will spend $30 billion over the next 15 months to combat global food insecurity triggered by Russia's war in Ukraine.

Food protectionism on rise amid Russia-Ukraine war

World (The Times Groupe)- Countries worldwide have been taking protectionist measures as fears of a global food inflation crisis rise.

World Bank unveils $30B plan to address global food crises

World (The Times Groupe)- The World Bank announced Wednesday that it will spend $30 billion over the next 15 months to combat global food insecurity triggered by Russia's war in Ukraine.

Food protectionism on rise amid Russia-Ukraine war

World (The Times Groupe)- Countries worldwide have been taking protectionist measures as fears of a global food inflation crisis rise.

Global debt hits new record of $305T in Q1

World (The Times Groupe)- The Institute of International Finance (IIF) reported that global debt hit a new high of $305 trillion in the first quarter of 2022, equal to 348% of gross domestic product (GDP).

Turkish lira weakens for 8th day beyond 15.6 vs dollar

Ankara (The Times Groupe)- The Turkish lira slid 1% to beyond 15.65 against the US dollar on Monday, slipping towards the record-low levels it reached in December following a series of interest rate cuts, while a key measure of risk spiked to a record high.

Inflation is Germany’s most deeply concern

Tehran (The Times Groupe)- Germany's most pressing concern is inflation, says Chancellor Olaf Scholz.

Sri Lanka down to its last day of petrol: New PM

Colombo (The Times Groupe)- Sri Lanka's newly appointed prime minister says that the cash-strapped island nation is running out of petroleum, and that it needs $75m in foreign exchange within the next few days to pay for essential imports, including medicine.

McDonald’s leaving Russia altogether

New York (The Times Groupe)- After temporarily closing 800 of its restaurants due to the Russian invasion of Ukraine, McDonald's has decided to leave Russia altogether after 30 years of business.

India bans wheat exports causes global prices jump

World (The Times Groupe)- The global wheat prices in markets have risen after India banned the export of the staple cereal.

Saudi oil giant Aramco sees profits jump as prices surge

Riyadh (The Times Groupe)- The Saudi Arabian Oil Company Aramco has posted its highest profits since its listing in 2019 as oil and gas prices surge around the world.

India bans all wheat exports over food security risk

Mumbai (The Times Groupe)- India has banned wheat exports that the world was counting on to ease supply constraints resulting from the Ukraine war, citing food shortages within the nation.

Russia says sanctions will not affect gas payments from Europe, bringing down gas prices

Europe (The Times Groupe)- The price of natural gas per megawatt-hour in Europe decreased by 4.3% on Tuesday amid reports that Russia told European buyers that they could pay for gas without violating sanctions.

Asian stock markets slip, European see slight recovery

Asia (The Times Groupe)- Asian stock markets were almost all negative on Tuesday, with only China showing gains, while European exchanges were on the rise after a difficult week.

Venezuela starts imports of Iranian crude for refining

Caracas (The Times Groupe)- Venezuela began importing Iranian heavy oil to feed domestic refineries, documents released by the state-controlled oil company PDVSA showed, a deal that expands a swap agreement signed last year by the U.S. sanctioned countries.

Oil prices raise inflation, China lockdown worsens supply disruptions

Washington (The Times Groupe)- As crude oil prices rise, inflation widens while China's lockdown on Coronavirus worsens supply disruptions, Federal Reserve Chair Jerome Powell said Wednesday.

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