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
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
at a time when washington is trying to reduce its reliance on foreign made chips. my colleague samir hussein reports. the 56 chips apple is buying from broadcom will be designed and built in the us. it is the latest business deal between the two companies. in 2020, broadcom said it would sell $15 billion of wireless components to apple. the deal fits the brief apple set out for it self to invest more in the us economy. it also goes hand in hand with a push to get more us companies to use domestically made microchips. the supply chain disruptions during the pandemic triggered a semiconductor shortage which showed just how reliant us companies had become on chips made overseas, specifically in china and taiwan. which many us officials see as a national security concern. since then, the us has been privatising domestic production of semiconductors is advised to wean firms from relying on foreign chip makers. last summer, us presidentjoe biden signed an act that drew billions of
joins the king and queen at the opening day of the chelsea flower show it s seven in the morning in singapore, and 2am in the russian region bel go rod where moscow says it s hunting ukrainian sabateurs who crossed the border and injured eight people. the local governor said one village had been shelled and several people had suffered shrapnel wounds. ukraine has denied having anything to do with the attack and a spokesperson for the ukrainian government has told the bbc it was russian citizens fed up with the russian invasion. our russia editor, steve rosenberg, reports. we can see kevin mccarthy speaking and he is speaking with us presidentjoe biden about the debt ceiling and let s take a listen.- let s take a listen. only twice. let s take a listen. only twice- in let s take a listen. only twice. in 1944 - let s take a listen. only twice. in 1944 and - let s take a listen. only twice. in 1944 and in i let s take a listen. only - twice. in 1944 and in 2000. you are speaki