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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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Why Australia is becoming the new home of the Hollywood blockbuster

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Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.

The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.

The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.

Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.

Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured

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Portal between countries shut down after international flashing

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An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

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U.S. home prices surge 47%

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American home prices are rising at faster pace now than in the last 20-years.

A recent analysis reveals a jaw dropping surge in the cost of American homes.

Since the start of 2020, U.S. home prices have surged 47% easily outstripping the gains seen in recent decades.

On top of that, home price growth so far this decade is on the verge of surpassing all the growth seen in the 2000s.

Many experts believe this decade’s housing market frenzy was ignited by a perfect storm — the onset of the COVID-19 pandemic triggering an unprecedented rush among buyers.

Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.

#IN AMERICA TODAY #economy #housing #housingmarket #homeprices #homesales #inflation #trending

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