For a while yet if in the future at all, pointing to an unstable global Food Supply Pressurised by the war in ukraine. Now the price of food in the uk rose by nearly 17. 5 in the year tojune, which was actually a fall from a high of just over 19 in the year to march, following an overall drop in the wholesale price of food which you can see here peaking when russia invaded ukraine last year. It has been trending downwards. But prices are still much higher than before the war and have started creeping up again. Lets discuss this with Kona Haque Head of reserach at commodities house ed and f man holdings. Good to have you on the programme. Do you agree with the Chief Economist at the Bank Of England that actually high food prices are here to stay . I think at least for the sure term we still have got some pressures that will keep prices elevated. The factors globally, the stocks, global stocks of the stocks, global stocks of the grains, the staples such as grains and oils, and sugar, the
After a deadline to reinstate the countrys ousted president expired. West African Regional body ecowas had given the countrys junta a week to reverse its coup, which has seen Mohamed Bazoum placed under house arrest. The bloc threatened military intervention if the demands werent met by sunday. But the deadline has now passed, so far, without action. But a short time ago, nigers junta warned the threat is still there. Translation the planning of this war has been carried out. | free deployment of forces to take part in this war has begun in two Central African countries. Nigers armed forces and all our defence and and security forces, backed by the unfailing support our people, are ready to defend the integrity of our territory and the honour of our homeland. Well, france has suspended all Development Aid to nigers neighbour, burkina faso, after its Military Government said it would see any intervention against the coup leaders a declaration of war. Thousands of people gathered sunday
Us treasury secretary janet yellen called the downgrade arbitrary and said Economic Conditions had improved under the biden administration. The news of the downgrade came after the close of trade on wall street but in asia investors have been pulling out of equities in reaction. Lets look at markets now in asia. Japan is currently down by over 2 . Hong kong not that far behind. This was off the back of yesterday, and most of this week we have seen the sharemarket, certainly wall street and asia having a strong session but this is certainly spooked sentiment. Lets discuss this with tom stevenson, whos an Investment Director at fidelity. Good morning. Janet woody allen saying this is arbitrary. I have her statement janet yellen and she said she strongly disagrees and says it is based on outdated data. That is based on outdated data. That is riuht. Is based on outdated data. That is right it is based on outdated data. That is right. It seems is based on outdated data. That is right. It s
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as the republican party candidate, those polls seem slightly less believable because the alternative would then have to be that republican voters would have to vote either forjoe biden or not vote at all. that s pretty much unthinkable. 0ur north america correspondent sean dilley there. sean, thank you very much. around the world and across the uk, this is bbc news. bbc news, bringing you different stories from across the uk. ~ ., ~ , , a, different stories from across the uk. ~ .,~ , , a, ., the uk. when i take my sugar to t. all the uk. when i take my sugar to 1 all the the uk. when i take my sugar to t. all the boys the uk. when i take my sugar to t. all the boys are the uk. when i take my sugar to t. all the boys are jealous - the uk. when i take my sugar to t. all the boys are jealous of - t. all the boys are jealous of me t. all the boys are “ealous of me. , . . , t. all the boys are “ealous of me. , . ., , ., me. the blaze family are absolutely me. the blaze family