UN Says Global Food Prices for Many Staples Fell in 2023
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
UN Says Global Food Prices for Many Staples Fell in 2023
UN Says Global Food Prices , for Many Staples , Fell in 2023.
On January 5, the U.N.
Food and
Agriculture Organization reported that
global prices for some commodities fell
last year from record highs reached in 2022.
ABC reports that the FAO Food Price Index
for 2023 was 13.7% lower than the 2022 average,
but over the same period of time,
sugar and rice prices continued to increase.
In December, the index fell nearly 10% compared to the same time in 2022.
.
Despite the price of some food
commodities falling, 2023 remained
a difficult year for global food insecurity.
.
The World Food Program warns that , over 333 million people , faced acute food insecurity in 2023.
.
The cost of both rice and sugar
went up in price in 2023.
The cost of both rice and sugar
went up in price in 2023.
The FAO's rice index climbed 21% due to
export restrictions imposed by India and
the impact of El NiƱo on rice production.
.
The FAO's rice index climbed 21% due to
export restrictions imposed by India and
the impact of El NiƱo on rice production.
.
The agency's sugar index reached its highest
level since 2011, jumping 26.7% due to
low supplies following dry weather
damaging harvests in India and Thailand.
The agency's sugar index reached its highest
level since 2011, jumping 26.7% due to
low supplies following dry weather
damaging harvests in India and Thailand.
According to the FAO, the prices
of meat, dairy and vegetable oil
all dropped compared to 2022.
According to the FAO, the prices
of meat, dairy and vegetable oil
all dropped compared to 2022.
According to the FAO, the prices
of meat, dairy and vegetable oil
all dropped compared to 2022.
Vegetable oil, a major Black Sea export that saw
huge increases amid Russia's invasion of Ukraine,
hit a three-year low, a sign of improved global supply
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Ceasefire talks between Israel and Hamas have stalled again with Washington saying it doesnāt expect an agreement in the near future due to the fact that a globally supported US-backed proposal has not been fully embraced by either side.
Credit: euronews (in English) Duration: 01:04Published
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Mortgage Rates Continue , to Fall, Raising Hopes of the , Fed Cutting Rates.
ABC reports that borrowing costs for
home loans continued to ease this week,
with the average rate on a 30-year mortgage
falling to its lowest level since April.
According to mortgage buyer
Freddie Mac, the rate fell from
6.95% to 6.87% last week. .
That figure is still significantly higher than
what the rate was during the same time last year,
which was at an average of 6.67%. .
15-year fixed-rate mortgages
also eased, falling from
6.17% last week to 6.13%. .
During the same time last year,
the average rate was at 6.03%.
Those higher rates can add hundreds of dollars
to monthly costs for borrowers, which limits the
purchasing options of potential homebuyers.
Mortgage rates fell for
the third straight week
following signs of cooling
inflation and market
expectations of a
future Fed rate cut, Sam Khater, Freddie Macās chief economist, via ABC.
ABC reports that rates are influenced by a number
of factors, including the Federal Reserve's interest
rate policy and the 10-year Treasury yield.
ABC reports that rates are influenced by a number
of factors, including the Federal Reserve's interest
rate policy and the 10-year Treasury yield.
Due to yields also beginning to ease, the Federal
Reserve could start to drop its main interest rate
after hiking it up to the highest level in over 20 years.
Last week, Fed officials suggested that they would make
just one cut to their benchmark interest rate in 2024,
down from previous projections of three cuts for the year.
Credit: Wibbitz Top Stories Duration: 01:31Published
Surge of New Applications for , Unemployment Benefits , May Signal Cooling Job Market.
Last week, the number of people in the
United States filing for unemployment benefits
reached the highest level in ten months last week. .
ABC reports that the news comes as a potential
sign that the U.S. labor market may be slowing
under the burden of high interest rates. .
The week ending June 8 saw
applications for jobless benefits
rise by 13,000 to reach 242,000. .
According to Labor Department
data, that is up from 229,000 new
applications the week before.
The number also represents the highest
number of new applications since August
of 2023, while also being significantly higher
than the 225,000 new claims forecast.
ABC reports that weekly unemployment claims have
lingered at historically low levels since millions of
jobs disappeared with the COVID-19 pandemic.
ABC reports that weekly unemployment claims have
lingered at historically low levels since millions of
jobs disappeared with the COVID-19 pandemic.
Since March of 2022, the Federal Reserve has raised
benchmark rates 11 times in an attempt to reign in
inflation which has risen to a four-decade high.
While the latest data suggests that consumer
inflation cooled in May, the Federal Reserve
has decided to leave rates at a 23-year high.
According to Fed Chair Jerome Powell, officials
are waiting for more evidence that prices
are reaching their target of two percent.
ABC reports that a total of 1.82 million
Americans were collecting unemployment
benefits in the week ending June 1. .
ABC reports that a total of 1.82 million
Americans were collecting unemployment
benefits in the week ending June 1.
Credit: Wibbitz Top Stories Duration: 01:30Published
T-Mobile Announces Deal , to Acquire Most of , U.S. Cellular .
T-Mobile Announces Deal , to Acquire Most of , U.S. Cellular .
On May 28, T-Mobile announced that
it will acquire most of competitor
U.S. Cellular in a massive $4.4 billion deal.
ABC reports that the deal would give T-Mobile,
already one of the largest wireless providers in
the United States, an additional 4 million customers.
ABC reports that the deal would give T-Mobile,
already one of the largest wireless providers in
the United States, an additional 4 million customers.
The deal will also see T-Mobile acquire
hundreds of brick-and-mortar stores
and a wider presence in rural areas.
The deal will also see T-Mobile acquire
hundreds of brick-and-mortar stores
and a wider presence in rural areas.
The acquisition will also expand T-Mobile's
spectrum rights, a federal license permitting
the transmission of mobile signals.
According to T-Mobile, the deal
is expected to close sometime
in the middle of 2025.
As customers from both
companies will get more
coverage and more capacity
from our combined footprint,
our competitors will be forced
to keep up -- and even more
consumers will benefit, Mike Sievert, CEO of T-Mobile, via ABC.
As customers from both
companies will get more
coverage and more capacity
from our combined footprint,
our competitors will be forced
to keep up -- and even more
consumers will benefit, Mike Sievert, CEO of T-Mobile, via ABC.
T-Mobile added that U.S. Cellular
will retain control of a portion of the
company's spectrum rights and cellular towers. .
According to T-Mobile, the deal will provide
customers with more competitive options to the
two largest U.S. wireless carriers: Verizon and AT&T.
According to T-Mobile, the deal will provide
customers with more competitive options to the
two largest U.S. wireless carriers: Verizon and AT&T.
By tapping into the additional
capacity and coverage created
through the combined spectrum
and wireless assets, T-Mobile
will spur competition, T-Mobile statement, via ABC.
The news comes after a series of
acquisitions for T-Mobile aimed at
accelerating the wireless provider's growth
Credit: Wibbitz Top Stories Duration: 01:31Published
Ukraine's Navy chief, Admiral Aleksey Neizhpapa, has called for Western submarines to enhance Ukraine's Black Sea capabilities. He emphasized the need for smaller submarines suited to the region, aiming to expand Ukraine's naval presence beyond coastal areas. This request comes amid ongoing Western military aid, though concerns about delivery delays persist. Ukraine has already impacted Russian naval operations, forcing fleet relocations and damaging key bases.
#Ukraine #Ukrainewar #RussiaUkrainewar #Ukrainewarlive #Russiawarlive #BlackSea #BidenZelensky #Zelenskynews #Ukraineupdates #Blacksea #Warlive #Oneindia #Oneindianews
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In a significant escalation of hostilities, Ukrainian drones have reportedly targeted Russian vessels in the Sea of Azov, signalling Kyiv's intention to expand its military operations beyond the Black Sea. The move comes amid ongoing conflict initiated by President Vladimir Putin, with Kyiv delivering strategic strikes on ships and infrastructure belonging to Russia's Black Sea Fleet.
#Putin #SeaOfAzov #UkrainianDrones #RussianVessels #BlackSeaFleet #UkraineConflict #RussiaUkraineWar #MilitaryStrike #NavalWarfare #GeopoliticalTensions #WarInUkraine #UAVAttack #MaritimeConflict #BreakingNews #WarUpdates
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Ukraineās top commander, Aleksandr Syrsky, is reportedly ready to lay down arms and capitulate to Russia, according to a claim made by a lawmaker from President Vladimir Zelenskyās party. The claim was made by MP Mariana Bezuglaya from the āServant of the Peopleā party, who is also the deputy chair of the National Security, Defense, and Intelligence Committee.
Syrsky, who became Ukraineās highest-ranking general in early February, succeeded Valery Zaluzhny, the former general who oversaw last yearās unsuccessful attempts to repel Russian forces. Bezuglaya accused Syrsky and Zaluzhny of secretly colluding to prevent a Ukrainian victory, stating that the two generals belong to a āgeneralsā mafiaā that is more interested in protecting their own privileges than in defeating Russia.
#Zelensky #Putin #Ukraine #AleksandrSyrsky #Russia #Surrender #TopCommander #MilitaryConspiracy #ZelenskyGovernment #UkraineConflict #NationalSecurity #DefenseIntelligence #PoliticalTurmoil #InternalDivisions #RussianAggression #MilitaryStrategy
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Global Economy on Track for , Worst 5 Years of Growth , in 3 Decades.
The World Bank recently warned that
the global economy is headed toward its
worst half decade of growth in over 30 years.
CNBC..
Credit: Wibbitz Top Stories Duration: 01:31Published
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