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Hunger fears mount over Ukraine grain blockade

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Ukraine’s grain mills are struggling to get back into full swing after suffering war damage, and that spells trouble for domestic consumers, and the global market.

Russian forces may have pulled back from Chernihiv in northern Ukraine, but the damage left behind is still there to see.

The local Mlibor granary reopened in April after Moscow withdrew from the area.

While it meets the country’s demand for corn, production is limited after Russian forces damaged the site through shelling.

Granary CEO Serhii Yarosh says the flour mill is completely out of order.

“The buildings are damaged, the workshops are damaged and the mill. Now we should be milling the flour which our country needs very much.”

Russia’s invasion – which it calls a ‘special military operation’ – has also led to a blockade of Ukrainian Black Sea ports.

That’s bad news for global food supplies as Ukraine is one of the world’s top producers of grain.

Pierre Vauthier is from the United Nations’ Food and Agricultural Organisation.

“Odesa has to be reopened and we need to have an agreement to have it reopened. This diplomatic solution has to be discussed. There are people who can solve the situation and we need to have an agreement. As our secretary general has reminded us.”

Vauthier warned even if a diplomatic solution is reached on reopening the ports, it would still take several months to establish safe export routes.

The Kremlin has rejected claims that Russia has blocked grain exports from Ukraine, saying western sanctions are to blame.

On Thursday (May 26), a senior Turkish official said Ankara was in negotiations with Moscow and Kyiv to open a corridor via Turkey for grain exports from Ukraine.

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Australia’s fastest-growing property markets revealed

Explore Australia’s booming property markets driven by infrastructure and low supply, with insights from Terry Ryder of Hotspotting.

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Explore Australia’s booming property markets driven by infrastructure and low supply, with insights from Terry Ryder of Hotspotting.


We dive into the forces driving Australia’s fastest-growing property markets and explore which regions are benefiting the most from infrastructure developments and low housing supply.

Terry Ryder from Hotspotting joins us to explain how major hospital projects and other infrastructure investments are reshaping local economies and influencing property prices. We also examine how limited listings are creating fierce competition among buyers.

Discover where the next wave of growth is expected to appear and how investors can respond to these high-demand areas. This is essential insight for anyone keeping an eye on the property market.

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#PropertyMarket #AustraliaProperty #RealEstateGrowth #InfrastructureImpact #HousingTrends #InvestmentOpportunities #Hotspotting #MarketInsights


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AI shake-up hits classifieds: Rightmove and REA face market threats

AI disrupts classifieds market, impacting valuations and strategies for survival—experts share insights on adapting to change.

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AI disrupts classifieds market, impacting valuations and strategies for survival—experts share insights on adapting to change.


AI is sending shockwaves through the classifieds market, wiping billions from valuations and raising questions about the future of major players like Rightmove and REA Group. Investors are now closely watching how technology like ChatGPT could reshape the way online classifieds operate.

Experts weigh in on how AI could disrupt traditional business models, and what companies must do to stay competitive in a rapidly changing landscape. From adapting strategies to embracing innovation, the classifieds industry faces pivotal choices in the age of artificial intelligence.

We speak with Darren Woolley on the potential risks, investor reactions, and strategies that could determine which companies survive—and which might thrive—amidst this AI-driven transformation.

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#AIImpact #Rightmove #REAGroup #Classifieds #TechDisruption #ChatGPT #MarketTrends #DigitalInnovation


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Private sector jobs fall as ADP reveals major slowdown in November

ADP reports a surprising decline in November private sector jobs, raising concerns about labor market resilience and consumer sentiment.

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ADP reports a surprising decline in November private sector jobs, raising concerns about labor market resilience and consumer sentiment.


ADP has revealed a surprise decline of 32,000 private sector jobs in November, signalling renewed pressure across the labour market. Small businesses in particular have been hit hardest, raising fresh concerns about resilience heading into the new year.

Economists warn that slowing hiring momentum and weakening pay growth point to a broader shift in worker demand. With consumers increasingly expecting unemployment to rise, sentiment across industries continues to cool.

The market now turns its attention to the upcoming Bureau of Labor Statistics report, which will offer a crucial read on whether this slowdown is temporary—or a sign of something much larger.

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#ADP #JobsReport #LabourMarket #EconomyNews #SmallBusiness #HiringTrends #Wages #TickerNews


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