The cost of food around the world continued to climb in July, reaching its highest level in more than three years, according to the United Nations Food and Agriculture Organization (FAO). The increase comes as extreme weather conditions and ongoing conflicts in key agricultural regions continue to disrupt global food production and trade, raising concerns […]
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Iran’s Revolutionary Guards have issued a stern warning to vessels transiting the Strait of Hormuz, saying any ship crossing the strategic waterway without authorisation from Iran “will be dealt with.” The statement comes as uncertainty continues over the future governance of the Strait of Hormuz, one of the world’s most important maritime trade routes and […]
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Iran has declared that the Strait of Hormuz, one of the world’s most strategically important shipping routes, will no longer operate under the same conditions that existed before the recent conflict in the Middle East. Speaking after diplomatic talks in Switzerland, Iran’s chief negotiator, Mohammad Bagher Ghalibaf, said the waterway would now be administered by […]
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The Bank of Japan (BoJ) has raised its benchmark interest rate to 1.0%, marking the highest level seen in more than three decades as policymakers work to contain growing inflationary pressures linked to the recent Middle East conflict. The 25-basis-point increase, announced on Tuesday, is the first rate hike since December and reflects the central […]
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US President Donald Trump is set to arrive in Beijing this week for a major summit with Chinese President Xi Jinping, where trade, technology, Taiwan, and the ongoing Iran conflict are expected to dominate discussions. Before departing Washington, Trump signaled that one of his key priorities would be pushing China to further open its economy […]
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