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Global food prices at risk as Russia suspends critical grain deal

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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
Russian Minister of Agriculture Dmitry Patrushev

Holly is an anchor and reporter at Ticker. She's experienced in live reporting, and has previously covered the Covid-19 pandemic on-location. She's passionate about telling stories in business, climate and health.

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Trump trial: will the jury selection impact the trial’s outcome?

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The Trump hush money trial has progressed with the selection of the first seven jurors, marking a significant step in the legal proceedings.

  • Seven jurors were selected

  • Defense and prosecution lawyers questioned potential jurors for impartiality

  • The judge warned lawyers he would not tolerate disruptions after he said Former US President Donald Trump audibly muttered during a prospective juror’s questioning

The selection of jurors is a crucial step in ensuring a fair trial, as they will ultimately decide Formers US President Donald Trump’s fate in this legal battle, as reported by Reuters.

The process of jury selection involves careful vetting of potential jurors to ensure impartiality and fairness.

Each juror’s background, beliefs, and potential biases are scrutinised to ensure they can render an impartial verdict based solely on the evidence presented in court.

With seven jurors already chosen, the selection process is expected to continue as both the prosecution and defence seek individuals who can objectively weigh the evidence.

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How a ransomware attack would disrupt the food supply chain

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Massive financial gains continue to be one of the top motivating factors behind cyberattacks.

The Information Technology – Information Sharing and Analysis Center (IT-ISAC) has been tracking ransomware incidents and trends since 2021.

Despite government and law enforcement efforts to take down malicious infrastructure, new ransomware strains continue to emerge.

The company just released its analysis of the 2023 ransomware landscape report and insights for 2024.

Jonathan Braley, Director of the Food and Ag-ISAC joins Veronica Dudo to discuss. #IN AMERICA TODAY #featured #ransomware #ransomwareattacks #foodsupplychain

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Curious times for AI & investing as stark reality becomes clear

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Both private funding for startups and corporate mergers and acquisitions within the sector have decreased, reflecting a shift in investor sentiment.

While some AI ventures continue to attract significant investments, experts attribute the overall downturn to challenges in scaling AI technologies and a more cautious investment climate.

Generative AI stands out as a bright spot, experiencing exponential growth in funding despite lingering skepticism among corporate executives.

Amidst this market correction, some view the shift as necessary for a more sustainable investment landscape, predicting stable growth in the coming years.

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