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BBCNEWS BBC News July 7, 2024

welcome to world news america on pbs, in the uk and around the globe. we begin tonight with the effort to restart blockaded grain exports from ukraine, and ease a globalfood crisis. in turkey, a coordination center has begun work, as part a complex deal to get grain out of ukranian ports. the aim is to export five million tonnes of grain a month that was the figure before russia s invasion of ukraine. our correspondent richard galpin reports. from richard galpin reports. the start of the war back in february, from the start of the war back in february, russian forces has been blockading ukraine s black seaports. preventing experts of ukrainian wheat and other grains, vitalfor the food supply of many countries around the world. according to officials, there are around 20 million tonnes of grain in ukraine. but fear is growing of global food shortages, it seems there may now have been a breakthrough with a deal agreed by the two sides. it is hoped it will be possible for ship

Dollar steadies ahead of Fed minutes, sterling shrugs off record surplus

Dollar steadies ahead of Fed minutes, sterling shrugs off record surplus
businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.

Dollar steadies ahead of Fed minutes, pound shrugs off record surplus

The dollar flattened on Wednesday as traders awaited minutes of the Federal Reserve s latest policy meeting for further clues on the central bank s rate outlook, while sterling shrugged off Britain s. -February 21, 2024 at 08:33 am EST - MarketScreener

Federal Reserve inflation: global bonds sell-off as rate cut hopes dashed

Surprisingly strong US inflation data has snuffed out the last remnants of a global bond rally and hopes of an early Fed rate cut.

Powell signals Fed s readiness to tighten further amid inflation concerns

Fed Jerome Powell made clear the Central Bank's stance on the current inflation environment in his opening remarks at the Jackson Hole Symposium. Noting a decline from peak inflation rates, Powell emphasized, "Although inflation has moved down from its peak a welcome development it remains too high."

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