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World Bank – war to be worse than entire pandemic

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The World Bank believes Ukraine’s economy is set to shrink by almost half this year due to Russia’s invasion

The COVID-19 crisis caused profound disruptions in the global economy, hitting almost every single country in the world.

The World Bank believes Russia’s invasion will cause more economic damage across eastern Europe and parts of Asia than the coronavirus pandemic.

The conflict in Ukraine has shut half of the country’s businesses and slashed exports

It said the closure of Black Sea shipping from Ukraine had cut off some 90 per cent of the country’s grain exports and half of its total exports.

So the country, already in crisis mode needs “massive financial support immediately” – this is according to the world bank’s VP.

Ukraine is the world’s biggest exporter of sunflower oil and the shutdown of exports has affected global food prices, surging at the fastest pace ever seen,

In fact the U.N says world food costs climbed to fresh record in March, contributing to the global inflation and hunger crisis.

I might add too though, the food price rally is felt most in poor countries where groceries make up a large share of consumer budgets.

So the fallout from Russia’s invasion has sent costs of basic foods like bread soaring

Unfortunately this is all alarming news, elevating the humanitarian crisis unleashed by the war.

Will it get worse? Well that depends how long the conflict continues but considering recovery efforts are still ongoing for covid 3 years on, the worst is yet to come from an economic standpoint

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Trump escalates pressure on the Federal Reserve with Powell probe

Trump administration investigates Fed Chair Powell, raising concerns over political pressure on monetary policy and economic stability.

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Trump administration investigates Fed Chair Powell, raising concerns over political pressure on monetary policy and economic stability.


The Trump administration has launched a criminal investigation into Federal Reserve Chair Jerome Powell, dramatically escalating tensions between the White House and the central bank.

The probe centres on Powell’s testimony over a controversial renovation of the Federal Reserve’s headquarters, raising alarm over whether political pressure is being applied to monetary policy decisions.

The move has sparked fierce debate in Washington, with critics warning it could undermine investor confidence and destabilise economic expectations.

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#FederalReserve #JeromePowell #DonaldTrump #USPolitics #MonetaryPolicy #Markets #Inflation #TickerNews


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Iran at a crossroads as White House weighs nuclear talks and military action

White House considers Iranian nuclear talks proposal amid rising tensions, balancing military options with diplomacy.

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White House considers Iranian nuclear talks proposal amid rising tensions, balancing military options with diplomacy.


The White House is considering an Iranian proposal to restart nuclear talks, opening the door to a possible diplomatic breakthrough after months of rising tension. The move signals that negotiations may still be on the table, even as uncertainty dominates Washington’s next steps.

President Trump has indicated talks could be on the horizon, but he is also openly weighing strong military options. That dual-track approach highlights the high stakes of the moment and the pressure on US leadership to balance deterrence with dialogue.

Trump is expected to meet with senior aides to discuss strategy and decide the best course of action on Iran, as global markets and allies closely watch every signal coming from the administration.

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#Iran #WhiteHouse #USPolitics #NuclearTalks #Trump #Geopolitics #GlobalTensions #TickerNews


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Sendle shuts down, small businesses left scrambling

Sendle’s sudden closure leaves small businesses reeling as they scramble for shipping solutions

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Sendle’s sudden closure leaves small businesses reeling as they scramble for shipping solutions

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In Short:
– Sendle has unexpectedly ceased operations, leaving small businesses without courier services and cancelled pickups.
– Customers are frustrated and searching for alternatives, while competitor firms are reaching out to fill the gap.
Aussie courier service Sendle has ceased operations unexpectedly, affecting many small businesses that relied on its services. Announced via email on January 11, the company warned customers that existing parcels would be delivered at the “discretion of the delivery partner.”
Additionally, all scheduled pickups from January 12 were cancelled.

Customers have been left confused and frustrated, lacking guidance on how to fulfill orders.

Sendle expressed regret for the disruption but did not provide a detailed explanation for the closure. A banner on their website confirmed the halt in services, with social media accounts disabled and customer inquiries no longer being monitored.

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The shutdown comes as Sendle had recently merged with US logistics firms to create FAST Group, but that merger has now reportedly unraveled due to financial issues.

Small business owners, many of whom had turned to Sendle for better pricing compared to competitors like Australia Post, are now scrambling to find alternative delivery options.

Unexpected Closure

Many business owners shared their experiences on social media, highlighting the immediate need to find new courier services. One owner reported significant losses and mentioned having to repackage orders that were scheduled for shipment.

The collapse of Sendle has raised concerns about job losses, though the company has not disclosed the number of affected employees.

Competitors have begun reaching out to small businesses in response to the demand created by Sendle’s sudden exit from the market.

Aramex Australia says it “is aware that Sendle has halted all bookings for parcel pick-ups and deliveries in Australia with immediate effect. Aramex recognises that this development may create uncertainty for businesses that rely on Sendle to ship their goods.”

“While Aramex cannot comment on the specific circumstances surrounding Sendle’s operations, we are ready to support e-comm and B2B businesses that are seeking an alternative courier partner moving forward. Aramex has the infrastructure, global network, national coverage and local franchise expertise in place to assist customers who need ongoing delivery services without disruption. Our priority is providing certainty, reliability and continuity of service for Australian businesses.”

“Sendle is a tech platform that has enabled business customers to book courier services. Aramex has a long history of delivering for Sendle customers. Aramex operations continue as normal, providing reliable courier services to our customers.”


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