Thousands line up for petrol and gas in Sri Lanka amid food shortage warnings

Thousands line up for petrol and gas in Sri Lanka amid food shortage warnings

COLOMBO, May 20 (Reuters) – Thousands of people lined up for cooking gas and petrol in Sri Lanka’s commercial capital on Friday and Prime Minister Ranil Wickremesinghe warned of a food shortage as the island nation is battling a devastating economic crisis. Lines have formed in many parts of Colombo, a city of around 900,000, … Read more

Analysis: The pain of food inflation puts emerging markets between a rock and a hard place

Analysis: The pain of food inflation puts emerging markets between a rock and a hard place

Food accounts for 40% of IPC baskets in low-income countries UN food price index hits record high in February and March More governments choose to introduce support measures Risk of social unrest is rising over food, fuel prices are rising LONDON/ISTANBUL/CAIRO, May 17 (Reuters) – Like millions of people in developing and emerging countries around … Read more

Analysis: Food stamp containers are the new frontier for Target.com

Analysis: Food stamp containers are the new frontier for Target.com

NEW YORK, March 31 (Reuters) – Target Corp (TGT.N) is preparing to let shoppers use food stamps to pay for online orders, following in the footsteps of Walmart Inc and Amazon.com, in a move that could help the nation’s seventh-largest retailer gain market share among lower-income shoppers. Roughly 21.7 million US households use food stamps, … Read more

Analysis: Italy’s politics, public opinion, could weaken West’s anti-Putin front

Analysis: Italy's politics, public opinion, could weaken West's anti-Putin front

PM Draghi promotes hard line on Moscow But Italians cool on arming Ukraine, more arms spending Some party chiefs had close ties with Putin Pacifism, widespread anti-American sentiment ROME, April 7 (Reuters) – Divisions between Italy’s political parties and ambivalence among its public over the war in Ukraine could become a weak link in the … Read more

Indonesia bans palm oil exports as global food inflation spikes

Indonesia bans palm oil exports as global food inflation spikes

People shop for cooking oil made from oil palms at a supermarket in Jakarta, Indonesia, March 27, 2022. REUTERS/Willy Kurniawan Register now for FREE unlimited access to Reuters.com Register Ban ‘totally unexpected’ – India trade group US urges cooperation rather than export bans Indonesian govt under pressure to control cooking oil prices Global prices at … Read more