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Hungary looks to ban Ukrainian grain imports after mid-September

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Hungary, along with Romania, Slovakia, and Bulgaria, has entered into an agreement to block Ukrainian grain imports if the European Union does not extend its existing ban, set to expire on September 15, according to Hungary’s farm minister.

However, Bulgarian Prime Minister Nikolay Denkov expressed a different perspective, emphasising the benefits of lifting the ban on Ukrainian imports to reduce basic food prices, alleviate inflation, assist low-income individuals, and boost budget revenues.

In Bulgaria, a parliamentary committee has already endorsed a draft decision to lift the ban on certain Ukrainian imports after September 15, with the final decision expected during a plenary session.

Meanwhile, Slovakia’s government has confirmed its intention to maintain the ban, citing concerns about increased grain transport through the country and potential market disruptions.

Romania’s farm ministry has indicated that its decision will be contingent on the European Commission’s stance, emphasising that they have measures in place to protect their farmers should the ban not be extended.

Ukraine has been heavily reliant on alternative EU export routes known as “Solidarity Lanes” for its grain exports since Russia terminated a year-old deal in July, which had allowed Ukrainian grains to be shipped through its Black Sea ports safely. As a result, neighbouring countries such as Poland, Hungary, Romania, Bulgaria, and Slovakia have faced intensified competition and market bottlenecks.

Russia, which initiated a full-scale invasion of Ukraine 18 months ago, has conditioned its return to the U.N.-brokered Black Sea grain deal on meeting certain requirements related to its own grain and fertiliser exports.

Hungary’s agriculture minister, Istvan Nagy, announced that the new national ban would encompass a broader range of Ukrainian products compared to existing measures.

The situation underscores the complexities surrounding regional trade and geopolitical factors, with countries balancing their economic interests with concerns about market stability and competition in the wake of Ukraine’s shifting grain export dynamics.

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Trump calls for Iran’s surrender

Israel and Iran escalate conflicts with missile strikes, prompting Netanyahu’s airstrikes and Trump’s call for Iran’s surrender.

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Israel and Iran escalate conflicts with missile strikes, prompting Netanyahu’s airstrikes and Trump’s call for Iran’s surrender.


Missile strikes between Israel and Iran are intensifying, with both nations targeting nuclear and military sites.

After a missile hit an Israeli hospital, Prime Minister Netanyahu retaliated, launching 20 fighter jets into Western Iran.

Meanwhile, President Trump has demanded Iran’s unconditional surrender and hinted at possible U.S. military involvement.

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#IsraelIran #MiddleEastConflict #Trump #nucleartensions #TickerNews #militaryescalation

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Israel strikes Iran’s nuclear sites after hospital hit

Israel’s airstrikes on Iranian nuclear sites escalate tensions after a missile attack on an Israeli hospital, prompting Iranian retaliation and casualties on both sides.

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Israel’s airstrikes on Iranian nuclear sites escalate tensions after a missile attack on an Israeli hospital, prompting Iranian retaliation and casualties on both sides.


Israel has launched preemptive airstrikes on Iranian nuclear sites after a missile attack struck an Israeli hospital, marking a dramatic escalation in regional tensions.

Iran has retaliated with counterstrikes, as both nations report casualties. Israel claims the campaign is necessary to stop Iran from obtaining nuclear weapons—an accusation Tehran denies.

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#IsraelIran #MiddleEastCrisis #Trump #Airstrikes #NuclearTensions #BreakingNews #tickernews

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Fed signals slower cuts amid rising risks

U.S. Federal Reserve revises economic forecasts downward, expecting growth slowdown and higher unemployment, but still plans rate cuts in 2024 and 2025.

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U.S. Federal Reserve revises economic forecasts downward, expecting growth slowdown and higher unemployment, but still plans rate cuts in 2024 and 2025.


At its latest meeting, the U.S. Federal Reserve revised its economic forecasts downward, with growth trimmed, inflation nudged up, and unemployment expectations now higher.

Despite this gloomier outlook, the Fed still sees two rate cuts in 2025, but just one in 2024 and one in 2026, a major dial-back from earlier projections.

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#FederalReserve #InterestRates #JeromePowell #Inflation #USEconomy #FedMeeting #tickernews

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