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Why the price of your groceries is about to increase:
Food across the world has reached its highest price in almost a decade
The rising costs are heightening concerns over grocery bills as economies struggle to exit the Covid-19 crisis.
A United Nations gauge of world food costs climbed for a 12th straight month in May, the longest stretch in a decade.
Droughts in key Brazilian growing regions have destroyed crops and vegetable oil production in southeast Asia has slowed down.
“A surge in the international prices of vegetable oils, sugar and cereals led the increase in the index,”
a UN spokesperson says.
The pain could be particularly felt in some of the poorest import-dependent nations, which have limited purchasing power and social safety nets as they grapple with the coronavirus pandemic.
The UN’s index is treading at its highest since September 2011.
Last month’s gain of 4.8% has become the biggest increase in more than 10 years.
All five components of the index rose during the month, with the advance led by pricier vegetable oils, grain, and sugar.
News
Google leads Australia media tax rankings
Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.
Google leads in Australian media tax payments, unlike Netflix and others, igniting discussions on fairness and corporate responsibility.
Google is currently on the of top of Australian media tax payments, while Netflix, Dentsu, and Singtel pay nothing, sparking a fresh debate over fairness and corporate responsibility in the industry.
#TaxTransparency #Google #Netflix #CorporateResponsibility #AustraliaBusiness
News
Trump eyes Middle East visit as Gaza ceasefire talks advance
Trump may visit Middle East this weekend as Kushner seeks Gaza ceasefire amid positive Egypt talks and Turkey’s confirmation.
Trump may visit Middle East this weekend as Kushner seeks Gaza ceasefire amid positive Egypt talks and Turkey’s confirmation.
President Trump may visit the Middle East this weekend as Jared Kushner and envoy Steve Witkoff push for a Gaza ceasefire.
Recent Egypt talks and cooperation from Israel and Hamas raise hopes for a deal, with Turkey confirming progress.
#GazaCeasefire #TrumpMiddleEast #Kushner #PeaceTalks #IsraelHamas
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US government takes 10% equity in Trilogy Metals
U.S. takes direct 10% stake in Trilogy Metals to enhance supply chain security for AI, clean energy, and defense.
U.S. takes direct 10% stake in Trilogy Metals to enhance supply chain security for AI, clean energy, and defense.
The U.S. government’s 10% stake in Trilogy Metals marks a shift from subsidies to direct ownership in strategic industries.
Experts say this approach aims to secure supply chains for AI, clean energy, and defense, reducing reliance on foreign sources for critical minerals and tech components.
#TrilogyMetals #USIndustry #CriticalMinerals #SupplyChainSecurity #AI #CleanEnergy #DefenseTech #IndustrialPolicy
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