LONDON—The United Nations food agency’s world price index declined again in July, edging further away from record highs hit in March. The Food and Agriculture Organization’s (FAO) food price index, which tracks the most globally traded food commodities, averaged 140.9 points last month versus a revised 154.3 for June. The June figure was previously put…
Food Prices Fell Again in July, UN Agency Says
August 5, 2022
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Business & MarketseconomyEuropeFAOFoodglobalGold and CommoditiesInternationalMarketspricesRussia-Ukraine WarUNWorld
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Declare Russia Terrorist State: Zelenskyy
It’s important the world doesn’t forget any of the 161 days Russia has occupied Ukrainian territory, President Volodymyr Zelenskyy has told Australian students. In a televised address, the Ukrainian president again accused Russia of war crimes and spoke of the importance of holding the Kremlin accountable for its actions. “Humanity has come through 161 points…
UK Gas Prices Rose by 31 Percent in Last Week of July
August 4, 2022
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Bank of EnglandBusiness & Marketseconomyenergyenergy pricesEuropegas pricesinflationinflationary pressuresRussia-Ukraine WarUKUkraineWorld
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Gas prices in the UK shot up nearly a third in the last week of July to reach the highest average cost since mid-March, according to newly released official data. The gas price increased by 31 percent in the week to July 31, the Office for National Statistics (ONS) said on Thursday. Also on Thursday,…
Ukraine Under Pressure in East as NATO Chief Says Russia Must Not Win
KYIV—Ukraine said on Thursday it had been forced to cede some territory in the east of the country in the face of a Russian offensive, and the head of the NATO military alliance said Moscow must not be allowed to win the war. Ukrainian President Volodymyr Zelenskyy this week described the pressure his armed forces…
Inspectors OK First Ukraine Grain Ship but No Sign yet of More
August 4, 2022
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Business & MarketseconomyEuropefood shortagesInternationalLebanonRussia-Ukraine WarRussian troopsUkraineWorld
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ISTANBUL—The first grain ship to leave Ukraine and cross the Black Sea under a wartime deal passed inspection Wednesday in Istanbul and headed on to Lebanon. Ukraine said 17 other vessels were “loaded and waiting permission to leave,” but there was no word yet on when they could depart. A joint civilian inspection team spent…
US Senate Votes in Favor of Finland, Sweden Joining NATO
The U.S. Senate on Aug. 3 overwhelmingly approved Finland and Sweden’s candidacy to NATO, expanding the Western military bloc in a response to the Russia–Ukraine war. The Senate voted 95–1 to support ratification of the two countries’ accession documents. The ratification required approval by at least two-thirds of the chamber. President Joe Biden had sought…
US Senate Votes to Support Finland, Sweden Joining NATO
The U.S. Senate on Aug. 3 voted with overwhelming bipartisan support to approve Finland and Sweden’s accession to NATO, expanding the Western military bloc in a response to the Russia–Ukraine war. The Senate voted 95–1 to support ratification of the two countries’ accession documents. The ratification had required approval by two-thirds of the chamber. President…
‘The Turbine Works:’ Germany’s Scholz Points Finger at Russia in Energy Row
August 3, 2022
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Business & MarketscrisiseconomyenergyEuropeGasGermanyGold and CommoditiesMarketsNordRussiaRussia-Ukraine WarScholzstreamWorld
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MUELHEIM AN DER RUHR, Germany—German Chancellor Olaf Scholz on Wednesday said Russia had no reason to hold up the return of a gas turbine for the Nord Stream 1 pipeline that had been serviced in Canada but has since been stranded in Germany in an escalating energy standoff. Standing next to the turbine on a…
Russia’s Supreme Court Designates Ukraine’s Azov Regiment a ‘Terrorist’ Group
MOSCOW—Russia’s top court on Tuesday designated Ukraine’s Azov Regiment as a terrorist group, a Reuters correspondent in the courtroom said, paving the way for captured soldiers to be tried under stringent anti-terror laws and be jailed for up to 20 years. The Azov Regiment, which has far-right and ultra-nationalist roots, has been one of the…
US Ambassador to Japan Warns of Chinese Economic Coercion
August 3, 2022
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Asia & PacificChinaChina Business & Economyeconomic coercionEuropeNancy PelosiNational SecurityRahm EmanuelRussia-Ukraine WarTaiwanUSUS-China relationsWorld
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TOKYO—The United States is working with Japan and other likeminded countries to counter China’s efforts to use its economic might to force political change around the world, the U.S. ambassador to Japan said Tuesday in an interview with The Associated Press. Rahm Emanuel, who was previously mayor of Chicago and chief of staff for President…
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