Bloomberg Russia’s invasion of Ukraine has driven commodity prices higher, dealing a double blow to global hunger: more people in need, and smaller portions to feed them. The attack on Ukraine, known as the breadbasket of Europe, has pushed already elevated crop prices to unprecedented heights. That’s accelerating food insecurity worldwide, including in Ukraine itself. With energy bills also accelerating, ...

  Bloomberg Bulgaria expelled 10 Russian diplomats in an unprecedented move that underscored strained relations with one of the Kremlin’s closest allies within the European Union. The diplomats were declared personae non gratae for carrying out activities that contradicted to the Vienna Convention governing diplomatic relations, the Foreign Ministry in Sofia said in a statement, without providing further details. They ...

  Bloomberg HSBC Holdings Plc promised to “phase down” its financing of the fossil fuel industry, sending a warning to oil and gas clients as the bank works toward its target of net-zero emissions. The step is in line with “what is required to limit the global temperature rise to 1.5 degrees celsius,” HSBC said. Like most of its top-tier ...