OPEC defies Joe Biden with a big output cut
Will it backfire? | Finance & economics
Source: economist.com
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Latest Russia-Ukraine War News: Live Updates - The New York Times
A Russian naval blockade has prevented Ukraine from exporting millions of tons of grain, contributing to a global food crisis. The ship will need to navigate mined waters through the Black Sea.
Source: nytimes.com
War, Climate Change, Energy Costs: How the Wheat Market Has Been Upended
The price has fallen sharply from its peak after one major producer, Russia, invaded another, Ukraine. But that hasn’t ended fears of a global hunger crisis.
Source: nytimes.com
Metals prices wobble on slowdown fears
The S&P GSCI index of 24 major raw materials has fallen back 9% since mid-June on growing fears of a recession, and copper has hit a 16-month low after losing 22% since a peak in early March.
Source: moneyweek.com
Turkey's Inflation Soars to 73%, a 23-Year High, as Food and Energy Costs Skyrocket
Economic analysts expect Turkey’s inflation will only get worse as the country grapples with President Erdogan’s unorthodox strategy on monetary policy.
Source: nbclosangeles.com