Bloomberg The European Union (EU) is proposing a 1.5 billion-euro ($1.65 billion) funding package for farmers, plus freeing up fallow land for crops as it seeks to shore up food security after Russia’s invasion of Ukraine. Food prices have soared as the war cuts off most shipments from Ukraine, a major grain and chicken exporter. In the first ever release ...

Bloomberg Faster inflation would normally fuel expectations for higher interest rates. In the UK, where price gains are the quickest in three decades, traders are betting on rate cuts. They’re paying heed to a warning this month from the Bank of England that surging costs for energy, clothing and food could lead to a weaker growth outlook. Money markets show ...

  Bloomberg Investors are scrambling for safety as risks mount, from the war in Ukraine to rising interest rates and a global recession. They have found it in the US stock market — particularly the biggest American companies. The S&P 500 Index is up more than 8% over the past two weeks, recouping all of its losses since the Russian ...

  Bloomberg Bitcoin’s stealth rally over the past two weeks not only pushed it past a key level of $45,000 — it also put the world’s biggest cryptocurrency back in positive territory for the year. The token rises to around $47,000 at 3:30 pm in Hong Kong, well above the $35,000-to-$45,000 range where it’s been stuck since early January. With ...

Abu Dhabi / WAM Noting that climate disruption, biodiversity loss and pollution threaten lives, jobs and health the world over, the UN chief said on Saturday that it was essential “to make peace with nature.” “Without nature’s help, we cannot thrive or even survive on this planet Earth,” Secretary-General António Guterres underscored in his message for Earth Hour, commemorated annually ...

  Abu Dhabi / WAM AD Ports Group on Sunday announced the signing of a memorandum of understanding (MoU) with the Kuwait General Administration of Customs to establish a new virtual trade corridor between the UAE and Kuwait, under the supervision of Department of Economic Development – Abu Dhabi (Added). The signing took place in Kuwait following a visit by ...

ABU DHABI / WAM Make-A-Wish Foundation UAE fulfilled the wishes of eight critically ill children at the Cairo University Specialised Paediatric Hospital — Abolreesh — in Egypt. The ceremony was attended in the presence of Sheikha Shaikha bint Saif bin Mohammed Al Nahyan, the wife of HH Dr Sheikh Sultan bin Khalifa Al Nahyan, Adviser to the UAE President, and ...

  Brussels / WAM In 2021, the value of trade (imports plus exports) of agricultural goods between the EU and the rest of the world hit €347.0 billion ($381.16 billion), €20.7 billion more than in 2020. The EU exported €196.9 billion worth of agricultural products and imported €150.0 billion, generating a surplus of €46.9 billion, data by Eurostat showed. Between ...

  DUBAI / WAM The UAE’s excellent handling of the pandemic and the implementation of key business accelerators are being seen by economic experts as strategic factors in the continued growth of Foreign Direct Investment (FDI) into the country. Looking to create more interest in investing not only in UAE but also across the globe, the 2022 edition of Annual ...

  DUBAI / WAM The global geo-economic scene and the impact of its current changes on investments is one of the main tracks of Investopia Summit, which will gather leading thinkers, investors, policy makers, entrepreneurs, and stakeholders from around the world, discussing the “new economy” in 20 sessions, within its first edition on March 28 in Dubai, that serves as ...