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01.05.26 - 07:36
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Iran war may cause food shortages in Africa, world′s largest fertiliser firm says (The Guardian)
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Yara CEO warns of global auction that would leave poorest countries scrambling for supplies they can ill affordThe Iran war could have “dramatic consequences”, causing food shortages and price rises in some of Africa's poorest and most vulnerable communities, the head of the world's largest fertiliser company has said.Svein Tore Holsether, the chief executive of Yara International, said world leaders needed to guard against soaring prices and shortages of fertiliser causing a de facto global auction that would leave the poorest countries, particularly in Africa, scrambling for supplies they could ill afford. Continue reading......
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30.04.26 - 15:18
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US economic growth rebounds 2% as consumer spending slows amid Iran war (The Guardian)
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First quarter output, driven by AI investment and government spending, rose as oil shock fuels inflation fearsUS gross domestic product (GDP) accelerated 2% in the first three months of 2026, though consumer spending is slowing as the war with Iran continues to impact energy prices.The last GDP reading for the fourth quarter of 2025 showed that US economic growth slowed to a 0.5% pace, largely due to a contraction in government spending after massive layoffs of federal workers last year. The federal government is down 355,000 workers, or 11.8% of the workforce, since October 2024, according to the Bureau of Labor Statistics. Continue reading......
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29.04.26 - 13:24
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EU farmers and hauliers to get up to €50,000 to cover extra costs of Iran war (The Guardian)
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Fishing companies can also access up to 70% subsidies, in loosening of state aid rules for 'most exposed sectors'Business live – latest updatesThe EU is to subsidise up to 70% of the extra cost of fuel and fertilisers caused by the Iran war for farmers, fishing businesses and road hauliers as part of a package of emergency measures unveiled on Wednesday.Individual companies can claim up to €50,000 each between now and the end of the year with minimum paperwork, a measure the EU hopes will remove what it sees as an existential threat to hauliers and farmers. Continue reading......
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24.04.26 - 16:30
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How Iran War Is Shaking Up Food Supply Chains (Bloomberg)
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The arid Persian Gulf is hardly the world's breadbasket. Yet the conflict in the region is sending shockwaves through the global food industry — from growers to packaging firms and distributors — with major implications for food security and living standards....
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