Russia’s invasion of Ukraine drives global food insecurity
The International Monetary Fund (IMF) said on Monday that Russia’s invasion of Ukraine could plunge the world’s food supply into chaos, with rising prices and the inability of Ukrainian farmers to plant crops, including wheat.
More Sanctions As Ukraine Faces Heavy Russian Attacks
Fearing a world war, U.S. President Joe Biden said Friday his country would not intervene militarily against Russia in Ukraine, as Russian forces stepped up their bombardment across Ukraine.
Inflation rose 7.9% in February, as food and energy costs push prices to highest in more than 40 years
Inflation grew worse in February amid the escalating crisis in Ukraine and price pressures that became more entrenched.
US President Ponders Digital Dollar, Regulating Cryptocurrency
With the world increasingly using cashless payments, the president of the United States ordered the government to investigate the risks and benefits of cryptocurrency and the creation of a digital dollar.
Wheat Prices Rise to 14-Year High After Invasion of Ukraine
Wheat prices have soared past $10 per barrel, the highest price since 2008 for the staple grain, as a result of Russia’s invasion of Ukraine.
US To Join European Union In Closing Off Airspace To Russian Flights, Biden Announces
President Joe Biden announced Tuesday night during his State of the Union address that the U.S. will be “closing off” its airspace to Russian flights.
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