Global food prices actually falling

Global food prices actually falling
Russian wheat harvests are booming. (Image: Getty)
The Economist
Six months after Russian tanks rolled into Ukraine, an inflationary shock is still ripping through boardrooms, finance ministries and households, with European natural-gas prices surging again on Aug 22 owing to fears of further disruptions to supply from Russia.But in one crucial area, prices have come back to Earth. The cost of grains, cereals and oils, staples of diets around the world, have returned to levels last seen before the war began.Russia and Ukraine are agricultural powerhouses – until recently, the world’s largest...

More World

Google revenue soars on AI boom
Technology

Google revenue soars on AI boom

Google is spending billions of dollars on infusing its products with AI capabilities.

GM profit shrinks after US$1.1 billion tariff hit
World

GM profit shrinks after US$1.1 billion tariff hit

Automaker warns tariff impact will be greater next quarter; stock price tumbles.

Universal Music Group files for public offering
Technology

Universal Music Group files for public offering

The music conglomerate filed a confidential registration statement with the SEC.