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First hurdle for Ukraine grain deal ‘is clearing stuck ships’

Bloomberg Now that Ukraine’s grain-export deal has been signed, all eyes are on clearing a major obstacle: freeing the scores of ships stuck there since February. As many as 100 vessels carrying grain and agricultural products were trapped in Ukrainian ports when Russia’s invasion began, and seeing them sail would mark a first step in revitalizing seaborne trade. But even ...

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Xi gets invitation to G-20 summit, but his response is unclear

Bloomberg Indonesian President Joko Widodo invited China’s Xi Jinping to attend the Group of 20 summit in November, as the two leaders held a rare meeting in Beijing amid strict Covid controls. Xi thanked the G-20 host for his invitation and wished him success, according to a statement from China’s Ministry of Foreign Affairs. But it was unclear whether he ...

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Myanmar says it has enough funds to avert Sri Lanka-like crisis

Bloomberg Myanmar has sufficient foreign reserves to avoid an economic crisis similar to Sri Lanka’s, the military government said, pushing back on suggestions by some analysts that the Southeast Asian nation faces a growing possibility of default. Major General Zaw Min Tun, a spokesman for the State Administration Council, said at a press conference on Tuesday that Myanmar has a ...

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