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World Bank – war to be worse than entire pandemic

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The World Bank believes Ukraine’s economy is set to shrink by almost half this year due to Russia’s invasion

The COVID-19 crisis caused profound disruptions in the global economy, hitting almost every single country in the world.

The World Bank believes Russia’s invasion will cause more economic damage across eastern Europe and parts of Asia than the coronavirus pandemic.

The conflict in Ukraine has shut half of the country’s businesses and slashed exports

It said the closure of Black Sea shipping from Ukraine had cut off some 90 per cent of the country’s grain exports and half of its total exports.

So the country, already in crisis mode needs “massive financial support immediately” – this is according to the world bank’s VP.

Ukraine is the world’s biggest exporter of sunflower oil and the shutdown of exports has affected global food prices, surging at the fastest pace ever seen,

In fact the U.N says world food costs climbed to fresh record in March, contributing to the global inflation and hunger crisis.

I might add too though, the food price rally is felt most in poor countries where groceries make up a large share of consumer budgets.

So the fallout from Russia’s invasion has sent costs of basic foods like bread soaring

Unfortunately this is all alarming news, elevating the humanitarian crisis unleashed by the war.

Will it get worse? Well that depends how long the conflict continues but considering recovery efforts are still ongoing for covid 3 years on, the worst is yet to come from an economic standpoint

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Electric vehicles transform last mile delivery market

Australia’s last-mile delivery is rapidly adopting electric vehicles, fueled by green initiatives and insights from expert Joe Sofra.

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Australia’s last-mile delivery is rapidly adopting electric vehicles, fueled by green initiatives and insights from expert Joe Sofra.


The shift towards electric vehicles (EVs) for last mile delivery is accelerating globally, with Australia expected to see significant growth.

Companies and retailers are increasingly adopting greener solutions, driven by supporting government initiatives.

Joe Sofra from ANC discussed the current state of the last mile EV market.

#ElectricVehicles #Sustainability #LastMileDelivery #Innovation #Australia


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Trump gives Hamas ultimatum for Gaza peace plan acceptance

Trump gives Hamas deadline to accept Gaza peace plan amid rising pressure from Arab states and ongoing conflict in the region

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Trump gives Hamas deadline to accept Gaza peace plan amid rising pressure from Arab states and ongoing conflict in the region

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In Short:
– Trump gives Hamas three to four days to accept a U.S.-backed Gaza peace plan, warning of consequences.
– Hamas calls the plan biased and insists on a complete Israeli withdrawal before considering any agreement.
U.S. President Donald Trump has given Hamas three to four days to accept a U.S.-backed peace plan for Gaza, warning of severe consequences if they reject it.The plan, shared by mediators Qatar and Egypt, emerged after Israeli Prime Minister Benjamin Netanyahu endorsed it during a visit to the White House. Hamas, which was not part of the talks, is expected to review the proposal that calls for disarmament, a previously rejected demand.

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Trump stated that support for the plan came from both Israeli and Arab leaders, and he emphasised the need for Hamas to respond promptly. The proposal includes a ceasefire, hostage exchanges, an Israeli withdrawal from Gaza, and disarmament of Hamas, along with a transitional government.

A Hamas source described the plan as biased towards Israel and containing unacceptable conditions.

The group maintains that a complete Israeli withdrawal is a prerequisite for their agreement to any deal, while they are unwilling to disarm.

Pressure Mounts

Hamas faces significant pressure as foreign ministers from Saudi Arabia, Jordan, the UAE, Qatar, and Egypt have supported the initiative. Turkey’s intelligence head is also set to join discussions in Doha, marking a new level of mediation.

Despite expressing initial support, Netanyahu is cautious about the plan’s implications for Palestinian statehood and faces pressure from his coalition. Public sentiment in Gaza reflects a desire for peace, albeit with scepticism about the sincerity of both Trump and Netanyahu’s commitments.


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Trump shocks Hollywood with 100% film tariff

Trump proposes a 100% tariff on foreign movies, potentially reshaping Hollywood and affecting international co-productions. #Trump #Hollywood

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Trump proposes a 100% tariff on foreign movies, potentially reshaping Hollywood and affecting international co-productions. #Trump #Hollywood


Donald Trump has rocked Hollywood with a proposal to impose a 100 per cent tariff on all movies made outside the United States.

The move, aimed at reshaping the entertainment industry, could force studios to shift production back home and disrupt international co-productions

#Trump #Hollywood #FilmIndustry #Movies #TradeWar #TickerNews


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