Rice surges to three-year high as Indian export ban roils market
Rice prices in Asia jumped to the highest level in more than three years after top shipper India banned a hefty chunk of its exports,…
Rice risks hitting decade-high as Indian curbs rock market
Rice prices are set to surge after top exporter India banned a large chunk of shipments, adding to stresses on global food markets that have…
China trade curbs had little effect on Australia GDP, study says
Australia’s economy suffered limited damage from punitive trade actions by China, government research found, as Canberra and Beijing try to negotiate an end to tariffs…
Summers calls Biden’s economic policies ‘increasingly dangerous’
Former Treasury Secretary Larry Summers says he largely supports President Joe Biden’s economic policies but worries about the White House’s focus on industrial policy and…
EU to discuss subsidizing transport for Ukraine’s grain
The European Union should consider using its funds to support the cost of transiting Ukrainian grain through its member states, Agriculture Commissioner Janusz Wojciechowski said…
Panic buyers load up on rice supplies as India bans exports
India’s move to ban certain rice exports has sparked some panic buying in various countries, with videos on social media showing bags of the staple…
Anglo fights disruptions on key iron ore line in South Africa with help of drones
South Africa is turning to drones and helicopters to fight cable theft that’s disrupting a key export line carrying iron ore from mines owned by…
EU enacts €43 billion Chips Act in bid to boost production
The European Union’s plan to bolster domestic semiconductor production will become law after ministers completed the final approval on Tuesday.
Saudi oil revenue drops to lowest since 2021 as prices falter
Saudi Arabia’s receipts from oil sales abroad declined by more than a third to the lowest since September 2021, amid a spluttering recovery in energy…
US lawmakers probe Ford Michigan deal with Chinese battery maker
Republican lawmakers are probing Ford Motor Co.’s partnership with a Chinese battery company for its new $3.5 billion plant in Michigan, scrutinizing issues around American…
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