Why the price of your groceries is about to increase:

Published

3 years ago

June 3, 2021

Anthony Lucas

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 prolonged gains across the staple commodities are trickling through to store shelves, with countries from Kenya to Mexico reporting higher food costs already.

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.

President Biden signs TikTok bill – what’s next?

Published

10 hours ago

April 26, 2024

ticker NEWS

TikTok users could soon find that the popular social media service is either under new ownership or could be outright banned in the United States.

President Joe Biden signed a bill into law that requires TikTok to find a new owner—or face a ban in the United States.

Over the past several months, Washington D.C. has been under pressure to ban the popular Chinese-owned social media app.

Lawmakers and security experts have long raised concerns that the Chinese government could tap TikTok’s trove of personal data about millions of U.S. users.

TikTok’s CEO said the bill is disappointing and reiterated that the company has committed to challenge it.

David Zhang from China Insider. joins Veronica Dudo to discuss

News

Threading the needle: Meta’s new platform finally dethrones X

Published

13 hours ago

April 26, 2024

ticker NEWS

Threads, the social media platform owned by Meta, is gaining traction with a surge in daily active users, outpacing X in the U.S.

With Threads averaging 28 million daily active users compared to X’s 22 million, Meta’s ambitions to reach a billion users seem within reach despite a slowdown in growth. While X still boasts 550 million monthly active users globally, Threads’ focus on user experience and avoidance of real-time and political content could position it as a formidable competitor moving forward.

News

Zendaya is serving in saucy sports drama “Challengers”

Published

13 hours ago

April 26, 2024

ticker NEWS

This weekend’s entertainment lineup has something for everyone.

Apple TV+ brings “Sugar,” a drama set in New York City, while “Civil War” offers historical intensity.

“Challengers” with Zendaya brings a saucy sport drama to life, and superhero buffs can catch the trailer for “Deadpool and Wolverine” for action-packed fun.

With options spanning drama, history, reality, and superheroes, there’s excitement in store for all this weekend.