Chinese City Cracks Down on Stock Market Rumors Amid Slump
A Chinese city is taking action against the spread of false information online related to stocks, as authorities
1970-01-01 08:00
Ukraine may fail to meet future grain demands amid non-stop Russian attacks, says UN
Ukraine may not be able to meet domestic and export demand for wheat in the years to come if Russia’s attacks on its export routes and facilities continue, the UN World Food Programme (WFP) has warned. “If attacks on food infrastructure and the blockage of sea export routes continue, it will dramatically impact the agricultural production outlook over years to come, and may, in a worst-case scenario, lead to wheat production being unable to meet domestic and export demand,” said the WFP’s Ukraine director Matthew Hollingworth on Tuesday. Since mid-July this year, there have been 31 documented attacks on Ukraine’s grain production and export facilities, according to an upcoming report by the UN Human Rights Office (OHCHR), said Mr Hollingworth. Of these, “28 of these attacks were in Odesa oblast alone”. The province has critical Black Sea and the Danube River terminals essential for global trade, the top official told the UN Security Council (UNSC). Countering the charges, Russia’s UN envoy Vassily Nebenzia told the UNSC that Moscow only targets military infrastructure and not civilian facilities – a claim that has been questioned by Kyiv, its allies and independent experts monitoring Russia’s full-scale invasion. Before the war, Ukraine comprised nine per cent of global wheat exports, 15 per cent of maize and 44 per cent of sunflower oil, said Mr Hollingworth. The UN has blamed Russia’s invasion for sparking a worsening global food crisis that has trickled on to a domino effect on Asian and African nations reeling after the Covid-19 pandemic. Russia was actively preparing to steal grain supplies and starve the Ukrainian population of food for months before Vladimir Putin ordered last year’s invasion, according to new evidence compiled by human rights experts. When Russian tanks did roll across the border on 24 February 2022, they deliberately targeted grain-rich areas and food production infrastructure first, found the recent report by international human rights law firm Global Rights Compliance. UN officials are trying to revive the Black Sea grain deal, which Russia quit in July, a year after it was brokered by the UN and Turkey. Moscow complained that its own food and fertiliser exports faced obstacles and said not enough Ukrainian grain was going to countries in need. However, UN chief Antonio Guterres warned earlier this month that it will be difficult to revive the Black Sea deal, under which nearly 33 million metric tons of Ukraine grain were exported. This comes as Russian forces hit port infrastructure in Ukraine’s southern city of Odesa on Tuesday evening, the regional governor said. “The invaders hit the port infrastructure of Odesa. People were not injured,” Odesa governor Oleh Kiper said on Telegram. Russia used Ð¥-31 missiles, the southern military command said on Telegram. It also reported strikes on the Belgorod-Dniester district in the region, with missiles hitting open surface and administrative buildings. Read More The US and the Philippines conduct joint air, sea patrols in South China Sea not far from Taiwan Britain's Conservative government set to start cutting taxes ahead of likely election next year The White House says it's concerned Iran may provide ballistic missiles to Russia for use in Ukraine Germany's defense minister unveils more help for Ukraine's fight against Russia's invasion Poland set to get more than 5 billion euros in EU money after commission approves recovery plan NATO head says violence in Kosovo unacceptable while calling for constructive dialogue with Serbia
1970-01-01 08:00
Korea Takes Short-Term LNG Path While Rivals Embrace Long Deals
South Korea is avoiding the global trend toward long-term agreements on liquefied natural gas due to high prices,
1970-01-01 08:00
ECB Threatens 20 Banks With Fines for Mismanaging Climate Risk
The European Central Bank has written to about 20 lenders to warn them that it will impose fines
1970-01-01 08:00
New Binance CEO Teng’s First Job Is to Avert Customer Exodus
Mollify 150 million potentially jittery users, placate belligerent US regulators and keep high-profile founder Changpeng Zhao onside. These
1970-01-01 08:00
Enel Targets €6.6 Billion to €6.8 Billion Profit for Next Year
Enel SpA is targeting adjusted net income of between €6.6 billion ($7.2 billion) and €6.8 billion in 2024
1970-01-01 08:00
Fewest Japanese Firms on Record Planning to Expand in China
Japanese companies planning to expand their business in China have fallen to a record low, as geopolitical tensions
1970-01-01 08:00
Modi Hosts G-20 Leaders in Video Meet, But Xi and Biden to Skip
Indian Prime Minister Narendra Modi will host a virtual meeting of leaders of the Group of 20 Wednesday,
1970-01-01 08:00
Iceland volcano – live: All eyes on ‘imminent’ eruption as stormy weather disrupts monitoring systems
Authorities in Iceland fear stormy weather conditions could affect monitoring systems as the country awaits an “imminent” volcanic eruption. Just 165 small tremors have been recorded in the affected region since midnight on Monday, compared to the thousands that jolted the town of Grindavik in the days prior. The Icelandic Meteorological Office (IMO) says the volcano could erupt with just 30 minutes’ notice as magma is now sitting just below the earth’s surface. The wait for the eruption is gripping the country, with thousands glued to a live stream showing a glowing red rift in the ground running through Grindavik. The IMO said it is likely the adverse weather conditions are impacting “both the sensitivity of earthquake detection and real-time GPS monitoring”. Kristín Jónsdóttir, a senior IMO official, said people will “just have to wait in suspense for the next few days” to see how events play out. She said decreasing earthquake activity could also be a sign that magma has reached very close to the earth’s surface, adding that the scenario is not unlike what was seen prior to a previous eruption in 2021. Read More When will the Iceland volcano erupt and what happens when it does? Iceland braces for ‘imminent’ volcanic eruption with just 30 minutes warning Is it safe to travel to Iceland? Your rights if you have a holiday booked ‘It’s like a dystopian movie’: Iceland residents describe ‘apocalyptic’ scenes as they flee volcano threat
1970-01-01 08:00
Meloni’s Italy Tastes Schadenfreude Over German Fiscal Fiasco
Italian Prime Minister Giorgia Meloni could be forgiven for feeling any schadenfreude this week while looking on at
1970-01-01 08:00
Australian Bank Tells Staff to Return to Office or Face Pay Cut
ANZ Group Holdings Ltd.’s most recent work-from-home directive has drawn fire from a union that represents financial employees
1970-01-01 08:00
Tesla Driver’s Family Can Seek Punitive Damages Over Fatal Crash
Tesla Inc.’s trial over a 2019 fatal crash blamed on Autopilot will include a claim against the company
1970-01-01 08:00