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Poland & Hungary ban Ukraine grain imports

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The move by both nations is being done to protect farmers

 
Poland and Hungary have banned imports of grain and other foods from Ukraine to protect their farmers.

A European Commission spokesperson condemned the, quote, “unacceptable” unilateral actions on trade by the two member states.

Russia’s invasion of Ukraine last year blocked some Black Sea ports, leaving large quantities of Ukrainian grain, which is cheaper than that produced in the European Union, in Central European states due to logistical bottlenecks.

That knocked prices and sales for local farmers, angering Poland’s ruling nationalist Law and Justice party – which has a big rural support base – in an election year.

The Polish ban, which came into effect on Saturday evening, will also apply to the transit of these products through the country, the development and technology minister said on Sunday.

Hungarian Prime Minister Viktor Orban’s government followed suit, but did not say when its ban would come into effect.

Kyiv said the Polish ban contradicted bilateral agreements and called for talks to settle the issue.

Ukraine exports most of its agricultural goods, especially grain, via its Black Sea ports, which were unblocked in July under an agreement between Ukraine, Turkey, Russia and the United Nations.

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U.S.-India pharmaceutical trade partnership?

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The United States wants to diversify its supply chain and achieve affordable medicine resilience.

The Indian Pharmaceutical Alliance is urging a U.S.-India trade partnership to reduce reliance on foreign sources for both nations’ pharmaceutical supply chain.

The goal is to diversify both countries’ supply chain and achieve affordable medicine resilience.

Kathleen Jaeger, the President and CEO of The Center for American Medicine Resiliency joins Veronica Dudo to discuss. #IN AMERICA TODAY #trending #pharmaceutical #India #trade

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Boeing’s bad luck continues following Starliner malfunction

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Long-awaited first crewed test flight of the new Starliner space capsule was called off over a technical issue that launch teams could not resolve in time.

Originally scheduled for liftoff from Florida’s Kennedy Space Center, the mission aimed to demonstrate Starliner’s capabilities and certify it for regular crewed flights to the ISS, as reported by Reuters.

 

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Will Australia’s foreign investment rule create an economic boost?

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Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

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