exports via the black sea for another two months. the existing deal was arranged last july to tackle a global food crisis caused by russia s invasion of ukraine one of the world s top grain exporters. it was due to expire today, thursday. arnaud petit, executive director of the international grains council says the extension is vital for many countries food security. you re right, it is very important to have this extension, particularly for north african, sub saharan african countries, which would import much more grains that we have seen in the past season, so really it s good news for them that they can already plan some buying contract with producers in ukraine and also in russia. and important, as you say, about russia because there maybe is a tendency to think that russia is just blocking those exports from ukraine, but this is also good news for russia, isn t it? indeed, both ukraine and russia exported 70 million tonnes of wheat during the current season and we ex
comeback. comeback is. i didn t go an here, comeback. comeback is. i didn t go anywhere. you comeback. comeback is. i didn t go anywhere, you know comeback. comeback is. i didn t go anywhere, you know what comeback. comeback is. i didn t go anywhere, you know what i comeback. comeback is. i didn t go anywhere, you know what i mean? . anywhere, you know what i mean? hello and welcome, i m ben thompson. we start injapan where leaders of the g7 group of some of the world s richest nations are meeting. in the city of hiroshima i had of the summit on friday. us presidentjoe biden has already held bilateral talks with the japanese prime minister to discuss japan us collaboration. the seven member states represent a combined economic output of more than $40 trillion. that is 40% of global gdp. high on the agenda will be the war in ukraine with further sanction set to be imposed on russia over its invasion. they will also discuss the growing power of china and its use of trad
to allow millions of tonnes of grain exports from ukraine is extended just a day before it was due to expire. and chipping away at a new trade deal, the uk bets big on a semiconductor agreement with deal, the uk bets big on a semiconductor agreement with japan. hello, welcome, this is world business report, i m ben thompson and good news for the world, that is how the un secretary general as described an agreement with russia to continue allowing ukrainian grain exports via the black sea for another two months. the existing deal was arranged lastjuly, designed to tackle a global food crisis that was caused by russia s invasion of ukraine. one of the world s top grain exporters is of course ukraine. that deal was due to expire today, thursday. here is what the un chief had to say about the importance to world food supplies. these agreements matter for global food security. ukrainian and russian products feed the world. with the black sea initiative more than 10 million tonnes
summit. this was present buys then the meeting the japanese president. on top of their agenda, they will be keeping an eye on negotiations back home on the government debt ceiling, with the possibility of a catastrophic default at the white house fails to reach an agreement with the republicans. biden started by expressing his pride thatjapan and the us have stood together in holding russia accountable in the face of a complex security environment. it face of a complex security environment. face of a complex security environment. , , ., ., environment. it seems to me we are dee enin: environment. it seems to me we are deepening our environment. it seems to me we are deepening our corporation environment. it seems to me we are deepening our corporation on - environment. it seems to me we are i deepening our corporation on merging technology, including partnerships between united states and japanese companies and universities as well. in areas like quantum computing and sem
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