World economy talk

[Athrunzala]

Rice Crisis Sends Prices To Highest Levels Since 2008

[Monseratto]

Deflation: Why falling prices in China raise concerns - BBC News

China produces a large proportion of the goods sold around the world.

A potential positive impact of an extended period of deflation in the country may be that it helps to curb rising prices in other parts of the world, including the UK.

However, if cut-price Chinese goods flood global markets it could have a negative impact on manufacturers in other countries. That could hit investment by businesses and squeeze employment.

A period of falling prices in China could also hit company profits and consumer spending. This may then lead to higher unemployment.

It could result in a fall in demand from the country - the world's largest marketplace - for energy, raw materials and food, which would hit global exports.

[Athrunzala]

TURKEY- a powerful explosion has destroyed The Turkish Grain silos

Attention Required! | Cloudflare



Brazil grain silo explosions kill at least eight people; 11 injured

Brazil grain silo explosions kill at least eight people; 11 injured | Agriculture News | Al Jazeera



The arsonists are back!

[uls]

^^^

but everyone wants china to collapse diba?

[Athrunzala]

TURKEY- a powerful explosion has destroyed The Turkish Grain silos

Attention Required! | Cloudflare



Brazil grain silo explosions kill at least eight people; 11 injured

Brazil grain silo explosions kill at least eight people; 11 injured | Agriculture News | Al Jazeera



The arsonists are back!

Fire Interrupts Shipping Activity at France’s Largest Grain Port


3rd grain silo to caught in fire in just 2 weeks...

[Monseratto]

Hirap to stay on script vs staying honest...hehehe


Biden’s Off-Script Jabs Undercut US-China Ties

Joe Biden says he want to stabilize tensions with China, but the US president can’t seem to stick to the script.

The troubled relationship had two relative bright spots this week. A long-awaited policy document curbing US investment to China in key technology was revealed to be far narrower in scope than some had feared, and President Xi Jinping’s government lifted a ban on Chinese tour groups to the US, paving the way for more people exchanges.

Then came Biden’s latest off-the-cuff remarks. At a political fundraiser late yesterday, he blasted Communist Party leaders as “bad folks” and branded China’s economic problems a “ticking time bomb.”

“China was growing at 8% a year to maintain growth, now close to 2% a year,” he said, misstating China’s rate of expansion, which is actually nearer to 5%. “That’s not good because when bad folks have problems, they do bad things,” he added.
It’s the latest example of the president’s unscripted comments undermining his administration’s efforts to mend fences with its biggest geopolitical and economic rival.

At a similar event in June, Biden likened Xi to a “dictator” and questioned the Chinese leader’s control over his country and its military. That came a day after his Secretary of State Antony Blinken had completed a trip to Beijing to ease tensions, kicking off a flurry of high-level visits to China by White House officials. Commerce Secretary Gina Raimondo is slated to visit this month.

Those exchanges are ultimately geared toward engineering the next Xi-Biden meeting, which could be as soon as next month’s G-20 gathering.

One place where the two leaders could sit down together is at the APEC summit in San Francisco. Reports Biden plans to blacklist sanctioned Hong Kong leader John Lee from the November meeting, however, have thrown Xi’s attendance into question.

It all goes to show that, whatever the desire for improved ties, the road to easing tensions remains a bumpy one.

[Athrunzala]

Rice Crisis Sends Prices To Highest Levels Since 2008

Anong nangyare sa presyo ng bigas natin sa mga palengke???????

[uls]

[Monseratto]

In an act of pure desperation to bolster the crumbling Russian Ruble the Russian Central Bank dramatically raised the key interest rate to 12% (up from 8.5%). This extraordinary increase lays bare how dangerous the plunge of the Russian currency (and inflation) for Russia has become. Whether this will help to support the Ruble manipulation remains to be seen. I have my doubts. The value of Ruble is anyway far below what it pretends to be and everyone holding just a bill of that currency, knows that it is toilet paper. The Russian black markets will have another feast

[uls]

thanks to the weak yen

Japan GDP grew 6%, easily beating expectations on robust exports