News
Global food prices at risk as Russia suspends critical grain deal
Global food prices are at risk following Russia’s suspension of the UN-brokered grain export deal
NATO is calling on Russia to urgently resume the UN grain export deal with war-torn Ukraine, amid fears for skyrocketing global food prices.
This follows Russia sensationally suspending its part in the trade.
So far, Russia has blocked 2 million tons of grain on 176 vessels in the Black Sea, which is enough to feed over 7 million people.
Russia blames Ukraine for the Crimea bridge explosion, and therefore says they will not participate in the critical deal.
The grain export trade is a main driver in keeping global food prices down.
“Any act by Russia to disrupt these critical grain exports is essentially a statement that people and families around the world should pay more for food or go hungry. In suspending this arrangement, Russia is again weaponising food in the war it started.”
U.S. Secretary of State Antony Blinken
The UN says it has indirectly prevented 100 million people from falling into extreme poverty.
UN Chief António Guterres’ says he is ‘deeply concerned’ and will now focus on Russia resuming the essential initiative.
It follows Russia’s minister of Agriculture claiming Russia will give 500,000 tons of grain to the poorest countries over the coming months.
“Russia is ready to supply the poorest countries with up to 500,000 tons of grain free of charge in the next 4 months.”
Russian Minister of Agriculture Dmitry Patrushev
Money
AI fears rattle global markets and investors
AI developments cause market volatility, with European software and US tech firms facing significant declines amid rising uncertainty.
AI developments cause market volatility, with European software and US tech firms facing significant declines amid rising uncertainty.
Global stock markets are experiencing heightened volatility as concerns about AI disruption sweep across industries. Investors are closely monitoring which sectors could be most affected as the technology continues to evolve.
Recent announcements from major US AI companies sent waves through international markets, highlighting the interconnected nature of global finance and technology. European software giants such as Dassault Systèmes and RELX saw significant declines, underscoring the global reach of AI developments.
UBS analysts warn that the impact of AI disruption could intensify in 2026 and 2027, with potential ramifications for a wide range of sectors.
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News
One Nation matches coalition as Liberal backing slides
One Nation’s support hits 23%, equaling Coalition; Labor leads at 32% as Liberals reach record low.
One Nation’s support hits 23%, equaling Coalition; Labor leads at 32% as Liberals reach record low.
One Nation has surged to match the Coalition under Angus Taylor, each claiming 23 per cent of primary vote support. This is the first time the party has tied with the Liberals, signalling a major shift in voter sentiment.
The Coalition’s backing has dropped from 28 per cent in January to a record low, while Labor gains ground with 32 per cent of the vote. Analysts say this could reshape the political landscape ahead of the next election.
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News
Iran and U.S. restart nuclear negotiations with diplomacy in focus
Iran-US nuclear talks restart; diplomacy favored amidst economic interests and potential energy deals, mediated by Oman, amid high stakes.
Iran-US nuclear talks restart; diplomacy favored amidst economic interests and potential energy deals, mediated by Oman, amid high stakes.
Iran is pursuing a new nuclear agreement with the United States aimed at delivering economic benefits to both sides, as negotiations restart over its long-running nuclear programme. With tensions simmering for years, both nations are signalling a desire to avoid military confrontation and stabilise the region.
U.S. Secretary of State Marco Rubio says President Donald Trump prefers a diplomatic path forward, while Iran has indicated it is open to compromise in exchange for sanctions relief. The renewed talks mark a significant moment in efforts to de-escalate one of the world’s most volatile geopolitical flashpoints.
Oman is mediating the discussions, which are focused exclusively on Iran and the United States, even as Washington increases economic pressure and Tehran promotes potential deals in energy and mining to sweeten the negotiations.
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