After recovering from a coronavirus dip in early 2020, the global FAO Food Price Index has risen quite steadily, reaching a new all-time high of 140.7 point in February 2022. Rising 8.5 percent, the vegetable oil sector was the priciest in the index. P…
The economic sanctions against Russia are having an impact, as evidenced by the rising ruble exchange rate and foreign exchange restrictions. But the effects of the Russian invasion are also being felt by consumers in numerous other respects. For examp…
Russian billionaires have seen their fortunes dwindle in a major way since the country started its invasion of Ukraine on February 24. On March 3, the net worth of the Russian ultra-rich listed on the Bloomberg Billionaires Index was a combined $88 bil…
Following the joint announcement of further economic sanctions against Russia made by Western leaders on Saturday, the Russian financial system was shaken to its core on Monday. In response to the most severe sanctions yet, the ruble’s value crashed to…
Started in 2008, the Great Green Wall is a monumental initiative to regenerate the semi-arid northern Sahel region to prevent the Sahara from spreading southwards. The idea is to plant millions of trees on a strip of land about 8,000km long and 15km wi…
In a bid to capitalize on the growth potential of electric vehicles, Ford announced a major restructuring on Wednesday that will separate its legacy ICE (internal combustion engine) business from its electric vehicle division. The former, to be called …
U.S. and global oil benchmark prices climbed to their highest levels since 2011 and 2014, respectively, after OPEC and its oil-producing allies decided to stick to their plan of gradual output hikes, despite the escalation of the Russia-Ukraine conflic…
The war in Ukraine has set off Europe’s fastest migration in decades, The New York Times reports. In the five days since Russia’s invasion of the country on Thursday, almost 700,000 people left Ukraine, according to UN refugee agency UNHCR. On March 1,…
After Western nations hit Russia with unprecedented economic and financial sanctions over the country’s invasion of Ukraine, China has announced that it won’t participate in unilateral sanctions. Instead, the country “will continue to maintain normal e…
As the Russia-Ukraine conflict escalated and possible sanctions against Russia were discussed, much of the focus has been on cutting off Russian energy exports, the lifeblood of the country’s economy. As the ruble’s value plummeted to historic lows thi…