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Moscow’s plan to halt grain exports from Ukraine a “blow” to people in need

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Ukraine is one of the world’s largest exporters of grain – especially to the developing world – sparking fears of widespread food shortages

Russia has taken a drastic step by halting its participation in a U.N.-brokered deal that permitted Ukraine to export grain through the Black Sea.

This move has sparked concerns among poorer nations, who fear that the resulting price rises will make food inaccessible to many.

“Today’s decision by the Russian Federation will strike a blow to people in need everywhere,” said U.N. Secretary-General Antonio Guterres

Adding to the tension, a recent explosion knocked out Russia’s bridge to Crimea, with Moscow accusing Ukrainian sea drones of launching a strike.

The incident, portrayed as a terrorist attack on a critical Russian supply route, resulted in the deaths of two people and escalated hostilities in the ongoing conflict between Russia and Ukraine.

The Kremlin denies any connection between the bridge attack and its decision to suspend the grain deal.

Instead, Moscow cites the failure to meet its demands for implementing a parallel agreement to ease rules for its own food and fertiliser exports as the reason for the suspension.

“Unfortunately, the part of these Black Sea agreements concerning Russia has not been implemented so far, so its effect is terminated,” Kremlin spokesman Dmitry Peskov told reporters on a conference call.

Russia suggests that it might reconsider its stance if it sees concrete progress on its demands. However, during this period, the safety guarantees for navigation will be revoked.

In response to Russia’s actions, the White House in Washington expressed concerns that the suspension of the pact would worsen global food security and harm millions of people. U.S. Secretary of State Antony Blinken labelled Russia’s move as unconscionable.

Both Ukraine and Russia are major exporters of grain and other food products, making any disruption in their trade a potential catalyst for driving up food prices worldwide.

Ukrainian President Volodymyr Zelenskiy responded to Russia’s decision by proposing the resumption of grain exports without Russia’s involvement.

He sought Turkey’s support to counteract the de facto blockade that Russia imposed last year.

As the situation unfolds, the international community closely monitors developments and hopes for a resolution that would restore stability to the grain trade and mitigate the impact on global food prices.

However, the political tensions and hostilities between Russia and Ukraine continue to create uncertainty and anxiety among nations dependent on these vital food supplies.

 

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Survival of the fittest: the future of hospitality demands adaptability

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Exploring the highs and lows of business with a hospitality veteran.

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Nick Russian, Managing Director of Russian Entertainment. #wyld money #trending

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Ultra-processed diets could be the hidden path to weight gain

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Understanding calories and their role in dieting on the human body.

Calories, units of energy from food, are vital for bodily functions, and calorie counting helps manage weight by tracking energy intake. However, recent insights reveal that not all calories are equal, and nutritional quality is crucial.

Processed foods, rich in added sugars, unhealthy fats, and sodium, lack essential nutrients, contributing to obesity and diseases.

Kate Save from BeFitFood joins to discuss.

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Online shopping and the pivotal issue of returns continues

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Big businesses are continuing to balance customer expectations and logistics.

While many love the convenience, there are still significant challenges with delivery and returns. From delayed packages to cumbersome return processes, its clear that there’s room for improvement.

Ticker’s Ahron Young & Mike Loder discuss.

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