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Boris Johnson hints at cutting food tariffs to help reduce costs

  Bloomberg Boris Johnson took aim at his own government’s tariffs on imports of food that is not produced domestically, saying their removal could ease the UK’s cost-of-living crisis. But even his officials say otherwise. “Why do we have a tariff of 93 pence a kilo on Turkish olive oil?” Johnson said at a speech in Blackpool, northern England, days ...

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France says economy will grow this year

  Bloomberg The French economy will grow this year despite soaring inflation and uncertainty over the war in Ukraine, Finance Minister Bruno Le Maire said. The minister declined to give an estimate, saying he would update country’s growth forecast once a revised budget bill is presented following the legislative elections later this month. “It was 4%, it’s obvious that with ...

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Fertilisers piling up at Brazil ports signal further price drop

  Bloomberg A glut of fertilisers at the biggest Brazilian ports signals that the price of the nutrients may have to drop further before farmers start buying. In Paranagua, private warehouses reached their maximum storage capacity of 3.5 million tons, according to Luiz Teixeira da Silva, Paranagua’s operations director. A terminal operated by VLI Logistics, one of the two at ...

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