UK inflation hits 40-year high

UK inflation hits 40-year high

The UK’s Office for National Statistics (ONS) said the 9% rise in the consumer price index is the highest since records began in 1989, surpassing the 8.4% annual rise in March 1992. The office estimates that inflation would have been higher sometime around 1982.

Record high wheat prices after India declares immediate export ban, massive protests after 300% food price increase announced in Iran

Record high wheat prices after India declares immediate export ban, massive protests after 300% food price increase announced in Iran

Wheat prices in Europe and Australia hit record highs this week after India – the world’s second-largest wheat producer – announced an immediate export ban due to a severe heatwave affecting the country since March. Global wheat prices have soared 40% since February 2022, increasing famine and sparking social unrest.

March inflation in the U.S. likely set a new 40-year high

March inflation in the U.S. likely set a new 40-year high

Inflation in the United States in March 2022 has likely set yet another 40-year high. The country has sees ever-rising costs for food, gasoline, housing and other necessities, threatening the economy.

China stockpiling food at historically high levels

China stockpiling food at historically high levels

China is stockpiling food at historically high levels and now has more than half of the world's maize and other grains. By mid-2022, the country is estimated to hold 69% of the world’s corn reserves, 60% of rice, and 51% of wheat. At the end of 2021,…

World stock markets tumble as new phase of Greece debt crisis begins

World stock markets tumble as new phase of Greece debt crisis begins

World stock markets have tumbled on Monday, June 29, 2015 after Greece failed to reach a deal with its foreign creditors over the weekend and imposed new strict measures to deal with their debt crisis.Just before 01:00 UTC on June 29, Greek government closed all country

Satellite mapping reveals agricultural slowdown in Latin America

Satellite mapping reveals agricultural slowdown in Latin America

For the first time, satellite mapping of Latin America shows that the continent's agricultural expansion has waned in the wake of the global economic downturn, according to UBC research."Nearly every agricultural region across Latin America slowed down in

The banking backstory behind Friday the 13th

The banking backstory behind Friday the 13th

The unlucky Friday the 13th is one of the most well-recognized superstitions in the Western world.  This tradition is over 700 years old and has a very interesting origin.During the 12th century there was a massive religious war that consumed most of Europe and