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[1/5] Cattle run in front of Juan Carlos Ardohain, 49, on a farm he rents in San Vicente, on the outskirts of Buenos Aires, Argentina August 10, 2023. REUTERS/Tomas CuestaSAN VICENTE, Argentina, Aug 12 (Reuters) - In Argentina's grains fields and cattle ranches, farmers are hoping upcoming elections will bring political change and an end to years of economic uncertainty, ushering in freer markets with fewer currency controls and export limits. "I think Larreta could be a good candidate for what he's promising," said Juan Carlos Ardohain in a field he rents in San Vicente for cattle. Argentina's currency controls, which tightly limit access to dollars, have stoked a flourishing black market for foreign currency where greenbacks command over twice the official price, distorting import and export markets. Reporting by Maximilian Heath and Miguel Lo Bianco; Editing by Adam Jourdan and Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.

Persons: Juan Carlos Ardohain, Tomas Cuesta, It's, Horacio Deciancio, Horacio Larreta, Patricia Bullrich, Sergio Massa, Mauricio Macri, Ricardo Firpo, Massa, Deciancio, Maximilian Heath, Miguel Lo Bianco, Adam Jourdan, Rosalba O'Brien Organizations: REUTERS, VICENTE, Peronist, Reuters, Argentine Rural Society, Thomson Locations: San Vicente, Buenos Aires, Argentina, breadbasket, Santa Fe, Ukraine

☆ Occidental and Climeworks big winners as Biden allocates billions for CO2 removal
▼ + stars: | 2023-08-11 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

The money from the Bipartisan Infrastructure Law will now help fund two DAC hub projects, one in Texas and one in Louisiana. They will eventually remove more carbon per year than all of the current projects combined. Climeworks, based in Zurich, Switzerland, currently has the world's largest DAC plant in Iceland, which removes about 4,000 tons of CO2 per year. The DAC Hubs program is a vital investment for DAC to reach climate impact at scale," said Andrew Fishbein, senior climate policy manager for Climeworks. Heirloom is a California-based startup that is using limestone to remove carbon from the air.

Persons: Jennifer Granholm, Vicki Hollub, Andrew Fishbein Organizations: U.S . Department of Energy, Law, of Energy, Occidental Petroleum, Biden, Department, DAC, Breakthrough Energy, Microsoft Locations: Texas, Louisiana, U.S, Corpus Christi, United States, The Louisiana, Zurich, Switzerland, Iceland, California, Paris

☆ Ukraine announces 'humanitarian corridor' for ships stuck in Black Sea ports
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +2 min

A grain ship carrying Ukrainian grain is seen in the Black Sea, amid Russia's attack on Ukraine, near Ukrainian port of Odesa, Ukraine November 2, 2022. At least initially, the corridor appears to apply to vessels such as container ships that have been stuck in Ukrainian ports since the Feb. 2022 invasion, and were not covered by the deal that opened the ports for grain shipments last year. "Today a new temporary humanitarian corridor has started to work," Oleh Chalyk, a spokesperson for Ukraine's navy, told Reuters by telephone. It said a risk remained from mines in the Black Sea and the military threat from Russia. Last month, Moscow quit the year-old Black Sea grain deal that had allowed Ukraine to safely export agricultural products, saying that a parallel deal to help ease Russia's own grain and fertiliser exports was not being implemented.

Persons: Serhii, Chalyk, Moscow, Olena, Tom Balmforth, Peter Graff Organizations: REUTERS, Reuters, International Maritime Organization, United Nations, Thomson Locations: Ukraine, Ukrainian, Odesa, Russia, Chornomorsk

☆ Why orange juice futures are spiking
▼ + stars: | 2023-08-09 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +4 min

New York CNN —Orange juice futures are hitting record highs because of bad weather and a nasty citrus disease. “Record-high orange juice prices in 2023 are a consequence of a very tight market, with smaller-than-expected production and low inventories,” he added. Spiking futures prices could mean higher prices at the grocery store, he said. On Walmart’s website, a 52-ounce bottle of Tropicana Original orange juice currently goes for about $4. Shoppers may not tolerate prices getting any higher, especially when they don’t see orange juice as a staple.

Persons: ”, Billy Roberts, Hurricanes Ian, Nicole, Chandan Khanna, Citrus, Mathew Joyner, Roberts, “, Andrés Padilla, Jack Scoville Organizations: New, New York CNN, OJ, Hurricanes, Getty, US Department of Agriculture, Citrus Mutual, Rabobank, Price Futures Group, Bureau of Labor Statistics Locations: New York, Florida, America, Brazil, Mexico, United States

☆ As War Grinds On, It Expands Beyond Old Battlefields
▼ + stars: | 2023-08-06 | by ( Vivek Shankar | More About Vivek Shankar | ) www.nytimes.com time to read: +1 min

Ukrainian strikes on Russian ships in the Black Sea. A Russian attack on a Ukrainian port on the Danube river near the Romanian border. With these strikes, both sides have opened a new dimension to the 17-month-old war, which until now had largely been fought in grinding battles in Ukraine. And they are taking the war to people and areas that may have been spared the brunt of the fighting. For Ukraine, the increasingly bolder attacks are part of a stated objective to try to force ordinary Russians to reckon with the toll of the war.

Locations: Moscow, Romanian, Ukraine, Russia, Odesa

WASHINGTON — The United States and its Western allies are looking to China to help resolve the calamitous domino effect of Russia's exit from a crucial U.N.-backed agriculture deal. Beijing, one of Moscow's most strategic allies and the world's second-largest economy, was the indisputable top recipient of Ukrainian agricultural products under the landmark agreement known as the Black Sea Grain Initiative. After nearly a year in place, Russia ditched the pact last month, citing frustrations that the deal only benefited Ukraine. The agreement eased Russia's naval blockade in the Black Sea and established a maritime humanitarian corridor which saw the passage of more than 1,000 ships carrying nearly 33 million metric tons of Ukrainian wheat, barley, corn and sunflower meal. Since the inception of the July 2022 deal, which was brokered nearly six months into Russia's full-scale war, Chinese ports have welcomed 8 million metric tons of Ukrainian agricultural products, the lion's share according to data provided by the United Nations.

Persons: WASHINGTON Organizations: Initiative, United Nations Locations: United States, China, Beijing, Russia, Ukraine

The National Pork Producers Council (NPPC), the pork industry trade group, supports the Ending Agricultural Trade Suppression (EATS) Act, a bill introduced by U.S. Animal welfare groups say Proposition 12 is necessary because some sows and hens are housed in cages so small they cannot turn around. "We ultimately don’t believe the EATS Act is aligned with progress in animal welfare," Carey said. Hormel Foods <HRL.N> and Tyson Foods (TSN.N) did not respond to questions about the EATS Act. All of its 750 ranchers are in compliance with Proposition 12, said vice president of communications Kerri McClimen.

Persons: Randy Hutton Jr, Leah Millis, Roger Marshall, Ashley Hinson, Clemens, Tyson, Bryan Humphreys, Chris Carey, Carey, Jim Monroe, Brian Moscogiuri, Galina Hale, Chris Green, Randy Hutton, Jr, Hutton Jr, Perdue, Kerri McClimen, Leah Douglas, David Gregorio, Marguerita Choy Organizations: REUTERS, U.S ., Pork Producers Council, U.S, Clemens Food Group, Supreme, Reuters, Smithfield Foods, Tyson Foods, University of California, Harvard Law School's Animal Law, Niman, Thomson Locations: Chestertown , Maryland, U.S, California, U.S . Congress, Smithfield, Santa Cruz, Shore

☆ Global food insecurity caused by Russia-Ukraine war tops agenda as U.S. assumes UN Security Council presidency
▼ + stars: | 2023-08-01 | by ( Amanda Macias | ) www.cnbc.com time to read: +3 min

U.S. Representative to the United Nations Ambassador Linda Thomas-Greenfield speaks during a joint press conference before a UN Security Council meeting at the United Nations headquarters on June 23, 2023 in New York City. Ambassador to the United Nations Linda Thomas-Greenfield slammed Moscow's exit from the deal last month, calling it "another blow to the world's most vulnerable." The bottom line is this: The world needs the Black Sea Grain Initiative. Russia warned that if the Black Sea Grain Initiative did not incorporate fertilizer products into the exports, Moscow would not renew the agreement. Following Moscow's departure from the Black Sea Grain Initiative, Russian forces rained missiles on Ukrainian ports and agricultural facilities, sending wheat prices on a three-day spike.

Persons: Linda Thomas, Greenfield, New York City . WASHINGTON —, United Nations Linda Thomas, Thomas, That's, Sergey Lavrov, —, Antony Blinken Organizations: Representative, United Nations, UN Security, United Nations Security Council, Security, Food, Initiative, Russian, U.S, Thomas Locations: New York City . WASHINGTON, United States, Ukraine, Russia, Ukraine's, Odesa, Afghanistan, Ethiopia, Somalia, Sudan, Yemen, Moscow

[1/5] Kazuyuki Tanioka, the owner of Japanese cuisine Toya restaurant, prepares a sashimi dish, during an interview with Reuters, in Beijing, China July 25, 2023. China is the biggest importer of Japanese seafood. Shortly after the 2011 tsunami and earthquake damaged the Fukushima plant, it banned the import of food and agricultural products from five Japanese prefectures. The latest import restrictions were imposed this month after the United Nation's nuclear watchdog approved Japan's plans to discharge the treated water. "Our main focus is to source seafood within China or sourcing from other foreign suppliers," Tanioka said.

Persons: Tanioka, Tingshu Wang, It's, Toya, Kenji Kobayashi, Fukuoka, Duan, restaurateurs, Martin Quin Pollard, Chris Gallagher, Tom Bateman, Mariko Katsumura, Xiaoyu Yin, Justin Fung, Miral Organizations: Reuters, REUTERS, United, Aomori, Aomori Chuosuisan Co, Japan, Beijing, Thomson Locations: Toya, Beijing, China, Tingshu Wang BEIJING, Kumamoto, Japan, Aomori Chuosuisan, Hong Kong, Tokyo

☆ Ukraine and Croatia agree on use of Croatian ports for grain exports
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +1 min

July 31 (Reuters) - Ukraine and Croatia have agreed on the possibility of using Croatian ports on the Danube and the Adriatic Sea for the export of Ukrainian grain, Foreign Minister Dmytro Kuleba said after talks with his Croatian counterpart on Monday. Russia quit the U.N.-brokered Black Sea grain deal this month, depriving Ukraine, a global producer, of a vital conduit to safely export its agricultural products during the war. Ukraine currently relies on land export routes via the European Union as well as an alternative route via the Danube River. Kuleba said the main subject of his talks with his Croatian counterpart were weapons. Reporting by Anna Pruchnicka and Kyiv newsroom; Editing by Andrew Cawthorne and Bill BerkrotOur Standards: The Thomson Reuters Trust Principles.

Persons: Dmytro Kuleba, Russia, Kuleba, Grlic, Anna Pruchnicka, Andrew Cawthorne, Bill Berkrot Organizations: Croatian, European Union, Thomson Locations: Ukraine, Croatia, Kyiv, Russia

And earlier this week, Russia targeted a Ukrainian port on the Danube River near NATO ally Romania. Now, Russia’s defense ministry has warned that ships sailing to Ukraine’s Black Sea ports will be viewed as military targets. Two thirds of the wheat that left Ukraine via the Black Sea ports went to developing countries, said Power. Russian drones attacked Ukraine's port infrastructure on the Danube river, targeting Ukrainian grain stocks and destroying storage hangars, the Ukrainian Army said. “We believe its targeting might also include attacks against civilian shipping in the Black Sea.

Persons: Barbara Woodward, Moscow’s, United Nations Linda, Thomas Greenfield, “, ”, Samantha Power, Antony Blinken, António Guterres, Bulgaria –, Power, Kees Huizinga, Huizinga, ” Katherine Brucker Organizations: CNN, United Nations, NATO, European, US Agency for International Development, UN, Romania, European Commission, Aspen Security, AP, U.S . Agency for International, Biden, Ukrainian Army, Ukraine Operational Command, European Union, Organization for Security, Cooperation Locations: Ukraine, United, Russia, Odesa, Ukrainian, Turkey, Kerch, Poland, Slovakia, Hungary, Romania, Bulgaria, West, United States, Europe

☆ 1 Dead in Odesa as Russia Strikes Cathedral and Apartment Buildings
▼ + stars: | 2023-07-23 | by ( Vivek Shankar | More About Vivek Shankar | ) www.nytimes.com time to read: +1 min

The civilian toll is rising in Odesa, the Ukrainian port city that has been under relentless attack by Russian forces in the past week after the Kremlin pulled out of an agreement that allowed for the export of Ukrainian grain through the Black Sea. One person died and 19 others, including 4 children, were injured in Russian missile strikes on Odesa overnight Sunday, according to Ukrainian officials. At least six residential buildings and an Orthodox cathedral were damaged in the attack. “There can be no excuse for Russian evil,” President Volodymyr Zelensky of Ukraine said about the attacks in a Telegram posting on Sunday. He added: “There will definitely be a retaliation.”With its busy port, Odesa has long been a crucial economic link for Ukraine to the rest of the global economy.

Persons: Volodymyr Zelensky Organizations: Kremlin Locations: Odesa, Ukrainian, Russian, Ukraine, Russia

While global supply networks recover from the pandemic shock, fresh impetus is coming from tougher environmental standards, which drive companies to invest in new technologies to reduce their and their suppliers' emissions. "So in battery, steel, aluminum and cast iron we will only source green materials and technologies by 2030," Foller told Reuters. The foundation told Reuters it would also consider further investments in producers of steel, construction and green aluminium produced with hydropower or from recycled materials. Scania said that following its 10 million euro ($11.15 million) seed investment in H2GS in 2021, it has entered a steel supply agreement from 2027. While companies will keep investing in their suppliers in the short to medium term, the market will eventually reach saturation, said Jon Chadwick, global energy transition lead at PricewaterhouseCoopers.

Persons: Andreas Follér, Foller, Rebecca Campbell, China's, Scania's Foller, Britain's, They're, Maybel Saleh, Case's Campbell, Jon Chadwick, Clara Denina, Sarah McFarlane, Helen Reid, Veronica Brown, Tomasz Janowski Organizations: IKEA, Climate Tech VC, Scania, Reuters, White &, Export, GM, IMAS Foundation, Airlines, EMEA, Citi . Supply, Equity, PricewaterhouseCoopers, Thomson Locations: Ukraine, China, Russia, Beijing, Sweden, Swedish, H2GS, Norway, Germany, Indonesia, Britain, Bristol

☆ Exclusive: Romanian port can ship more Ukraine grain after collapse of Black Sea deal
▼ + stars: | 2023-07-21 | by ( Luiza Ilie | Thomson Reuters | Bucharest-Based General News Reporter Covering A Wide Range Of Romanian Topics Elections | ) www.reuters.com time to read: +4 min

By comparison, Romanian port operators handled 8.6 million tonnes of Ukrainian grain in the whole of 2022. At its peak so far, Constanta handled 25 million tonnes of grain per year, which Panait said will be exceeded in 2023. "There is an accelerated course and everyone on it, the state, the port authority, port operators aim to boost operating and transit speeds, and the grain quantities," he said. Freight logistics group TTS (TTS.BX), which handles agricultural products, minerals and chemicals on the Danube river, completed the takeover of Constanta port solid bulk cargo operator Decirom S.A. earlier this month. It is one of five eastern EU countries that experienced an influx of Ukrainian grain as a result of Russia's invasion, leading the EU to approve temporary restrictions that meant grain could only transit through the countries.

Persons: Viorel Panait, Panait, TTS, Izmail, Luiza Ilie, Barbara Lewis Organizations: Monday, Constanta Port Authority, Reuters, Constanta Port Business Association, Freight, Decirom S.A, EU, Thomson Locations: BUCHAREST, Romania's Constanta, Russia, Constanta, Hungary, Serbia, Romanian, Romania, Ukraine, Reni, Ukrainian, Vadul Siret

☆ Ukraine war live updates: Russia batters Ukrainian ports amid growing supply fears; 19 wounded at Mykolaiv
▼ + stars: | 2023-07-20 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Fragments of a missile shot down during a night strike in Odesa on July 19, 2023. Russia launched strikes on Ukrainian port cities for a third consecutive day, Ukraine's air force said Thursday, as concerns mounted over the threat to global food supplies from closed trade routes. In Mykolaiv, a city near the Black Sea, at least 19 people were injured, said regional military administration head Vitaly Kim on Telegram, according to a Google translation. Russian on Monday suspended a humanitarian corridor, the U.N.-brokered Black Sea Grain Initiative, which has allowed the delivery of Ukrainian grains to global markets. Russia's Ministry of Defense later said it would consider all vessels sailing toward Ukrainian ports to be military cargo carriers.

Persons: Volodymyr Zelenskyy, Vitaly Kim Organizations: Initiative, Russia's Ministry of Defense Locations: Odesa, Russia, China, Mykolaiv

☆ Chinese consular building damaged in Russian attack on Ukraine's Odesa - governor
▼ + stars: | 2023-07-20 | by ( ) www.reuters.com time to read: +1 min

KYIV, July 20 (Reuters) - A building at the Chinese consulate in Odesa was damaged in a Russian missile and drone attack on the southern Ukrainian port city, regional governor Oleh Kiper said on Thursday. Russia, which is an ally of China, attacked the port cities of Odesa and Mykolaiv overnight for the third successive night. "The aggressor is deliberately hitting the port infrastructure - administrative and residential buildings nearby were damaged, also the consulate of the People's Republic of China. Ukrainian President Volodymyr Zelenskiy said in his daily late-night video address on Wednesday that 60,000 tons of agricultural products destroyed in a Russian air strike on Odesa port had been intended for shipment to China. Reporting by Anna Pruchnicka, Writing by Olena Harmash, Editing by Timothy HeritageOur Standards: The Thomson Reuters Trust Principles.

Persons: Oleh Kiper, Kiper, Volodymyr Zelenskiy, Anna Pruchnicka, Olena Harmash, Timothy Organizations: Timothy Heritage, Thomson Locations: Odesa, Russian, Ukrainian, Russia, China, Mykolaiv, People's Republic of China

☆ Three killed, Chinese consulate damaged in Russian attack on Ukraine's port cities
▼ + stars: | 2023-07-20 | by ( Viktoria Lakezina | ) www.reuters.com time to read: +3 min

[1/4] Rescuers work at a site of an administrative building heavily damaged by a Russian missile strike, amid Russia's attack on Ukraine, in Odesa, Ukraine July 20, 2023. In Odesa, a security guard was killed and at least eight other people were hurt, including a child, Kiper said. A Russian attack on the port of Chornomorsk on Wednesday damaged grain export infrastructure as well as the agricultural products Zelenskiy said were meant for China. Ukrainian officials see the air strikes as an attack on global food security because Kyiv is a major grain exporter. Authorities in the northeastern region of Kharkiv said separately a 61-year-old man had been killed there by Russian shelling on Thursday.

Persons: Volodymyr Zelenskiy, Oleh Kiper, Zelenskiy, Kiper, Oleksandr Senkevych, Vitaliy Kim, Mykhailo Podolayk, Dan Peleschuk, Timothy Organizations: Press, State Emergency Service of, Companies, Regional, Fire, UN Security Council, Twitter, Authorities, Timothy Heritage, Thomson Locations: Russian, Ukraine, Odesa, State Emergency Service of Ukraine, Handout, Ukrainian, Russia, MYKOLAIV, Black, Beijing, China, Moscow, Mykolaiv, Chornomorsk, Kyiv, Kharkiv

☆ Russia warns ships in Black Sea, Ukraine to create temporary grains export route
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +5 min

Ukraine said on Wednesday it was establishing a temporary shipping route via Romania, one of the neighbouring Black Sea countries. Russia's Defence Ministry said flag states of ships travelling to Ukrainian ports would be considered parties to the conflict on the Ukrainian side from midnight Moscow time (2100 GMT on Wednesday). U.S. officials have information indicating Russia laid additional sea mines in the approaches to Ukrainian ports, said White House National Security Council spokesperson Adam Hodge. "We believe that this is a coordinated effort to justify any attacks against civilian ships in the Black Sea and lay blame on Ukraine for these attacks," he said. Russian President Vladimir Putin accused Western countries of "perverting" the U.N.-backed deal formally called the Black Sea Grain Initiative.

Persons: West, Vasyl Shkurakov, Volodymyr Zelenskiy, Adam Hodge, Vladimir Putin, Putin, Valery Shershen, Grant McCool, Stephen Coates Organizations: Ukrainian Coast Guard, Operational Command, Putin, International Shipping Organization, United, Sunday, Russia's Defence Ministry, White, National Security, Monetary Fund, Russian, Reuters, Pentagon, Ukraine, European Union, Thomson Locations: Izmail, Odesa, Ukraine, Moscow, Russia, Romania, United Nations, Turkey, Ukrainian, Russian, Africa, Asia, China, Azov, Crimea, Washington, Brussels, European

☆ Ukraine's farmers fear the worst after grain deal collapses
▼ + stars: | 2023-07-19 | by ( Max Hunder | ) www.reuters.com time to read: +4 min

Of the 60,000 tons of produce grown on Huizinga's land last year, 50,000 tons was sent abroad through the grain deal. In total, Ukraine has been able to export 33 million tons of agricultural products through the deal. Some of Ukraine's western neighbours have restricted imports of Ukrainian grain under pressure from their farmers, who said they were suffering from the added competition. Ukraine expects to harvest 44 million tons of grain this year, down from a record 86 million-ton harvest in 2021. Both Marchuk and Huizinga believe grain shipments should continue through the Black Sea even without Russia's participation in the deal.

Persons: Artem Nechai, Kees Huizinga, Huizinga, Denys Marchuk, Max Hunder, Timothy Heritage, Philippa Fletcher Organizations: REUTERS, Agricultural, Reuters, United, Ukrainian Agrarian Council, Thomson Locations: Ukraine, Cherkasy region, Russia, Netherlands, Cherkasy, Eastern, United Nations, Turkey, Russian, Groningen, Romania, Izmail

The agreement, known as the Black Sea Grain Initiative, was struck a year ago, brokered by the United Nations and Turkey, to alleviate a global food crisis after Russia’s full-scale invasion of Ukraine. Russia had blockaded Ukrainian ports, blocking ships from carrying its grain and sending global prices soaring to record highs. The deal has been extended three times, most recently in May. Russia has repeatedly complained about the agreement, which it calls one-sided in Ukraine’s favor. Moscow has said that Western sanctions, imposed because of Moscow’s devastating war, have restricted the sale of Russia’s agricultural products, and Moscow has sought guarantees that free up those exports.

Persons: upending, António Guterres, “, Vladimir V, Putin, Mr Organizations: Initiative, United, United Nations Locations: Russia, Ukraine, Africa, United Nations, Turkey, Ukrainian, Ukraine’s, Moscow

☆ A landmark agricultural deal that guarantees food security for tens of millions is set to expire on Monday as Russia debates its renewal
▼ + stars: | 2023-07-15 | by ( Amanda Macias | ) www.cnbc.com time to read: +4 min

The Black Sea deal has allowed Ukraine to ship more than 30 million tons of produce from three major ports, helping to bring down global food prices down after they spiked following Russia's invasion. Last week, Secretary-General Antonio Guterres sent a letter to Russian President Vladimir Putin outlining proposals to salvage the deal. REUTERS/Nacho Doce Nacho Doce | ReutersBefore Russian troops poured over Ukraine's borders in late February 2022, Kyiv and Moscow accounted for almost a quarter of global grain exports. Those agricultural shipments came to a halt for nearly six months until representatives from Ukraine, Russia, the U.N. and Turkey agreed to establish a humanitarian sea corridor under the Black Sea Grain Initiative. One of Moscow's top demands though is for the Russian Agricultural Bank, or Rosselkhozbank, to return to the SWIFT banking system.

Persons: Akos Stiller, Antonio Guterres, Vladimir Putin, U.N, Stephane Dujarric, Putin, Sergei Lavrov, Sean Gallup, Sergey Lavrov, Lavrov, That's, SWIFT Organizations: Bloomberg, Getty Images WASHINGTON, Kremlin, REUTERS, Reuters, Russian, Food, Sea Initiative, Russian Agricultural Bank, Society, Worldwide Interbank Financial Telecommunication Locations: Bicske, Hungary, Ukraine, Russia, Moscow, Ukrainian, UN, Turkey, Odesa, Kyiv, Ukraine's, Afghanistan, Ethiopia, Somalia, Sudan, Yemen, Yuzhny, Moscow's

☆ Iran's President Raisi embarks on Africa tour to boost trade
▼ + stars: | 2023-07-12 | by ( ) edition.cnn.com time to read: +2 min

Reuters —Iran’s President Ebrahim Raisi received a red-carpet welcome from Kenyan counterpart William Ruto on Wednesday as he began a three-country tour of Africa that Tehran has touted as a “new beginning” in relations with the continent. Iranian President Ebrahim Raisi (C) inspects the guard of honour during his state visit at the State House in Nairobi on July 12, 2023. Raisi is expected to next fly to Uganda to discuss trade and bilateral relations with President Yoweri Museveni, and then to Zimbabwe. In June, Raisi visited three Latin American countries to shore up support with allies also saddled with US sanctions. Iran’s trade with African countries will increase to more than $2 billion this year, its foreign ministry said on Saturday, without providing a comparative figure for 2022.

Persons: Reuters —, Ebrahim Raisi, William Ruto, Simon Maina, Ruto, Raisi, Kenya’s, Yoweri Museveni, Mahmoud Ahmadinejad, Shoring, Donald Trump Organizations: Reuters, Kenyan, State, Getty, Ruto Locations: Africa, Tehran, Uganda, Zimbabwe, Nairobi, AFP, Iran, Kenya, Central, East

Summary Canadian minister Ng notes progress with Mexico over energyUSTR Tai urges Mexico to monitor steel and aluminum exports to U.S.MEXICO CITY, July 6 (Reuters) - The U.S. sees some progress made on an energy dispute with Mexico, although "deep-seated" concerns persist, U.S. Trade Representative Katherine Tai said on Thursday shortly before talks in Mexico with top Mexican and Canadian trade officials. The U.S. and Canada demanded dispute settlement talks over energy with Mexico in July 2022, arguing that Mexico's nationalist energy policies, which have tightened state control over the energy market, were discriminatory to U.S. companies. Canada's Ng separately noted progress with Mexico over energy issues, saying concerns from Canadian companies had been addressed. In addition to the energy spat, the U.S. and Mexico are engaged in a dispute over Mexico's decree to limit the use of genetically modified (GM) corn. Before the meeting, Tai said trade dispute settlement consultations over GM corn, which the U.S. requested in June, began with Mexico last week.

Persons: Ng, Tai, Katherine Tai, Raquel Buenrostro, of International Trade Mary Ng, Canada's Ng, Daina Beth Solomon, Cassandra Garrison, Costas Pitas, Brendan O'Boyle, Marguerita Choy, Diane Craft Organizations: MEXICO CITY, U.S . Trade, USMCA Free Trade Commission, Mexican, of International Trade, Thomson Locations: Mexico, U.S, MEXICO, Canada, American, Mexican, Cancun

☆ South Korea consumer inflation hits 21-month low
▼ + stars: | 2023-07-03 | by ( ) www.reuters.com time to read: +1 min

SEOUL, July 4 (Reuters) - South Korea's consumer inflation slowed more than expected and hit a 21-month low, official data showed on Tuesday, weighed by falling oil and agricultural product prices. It softened for a fifth consecutive month and marked the weakest annual increase since September 2021, according to Statistics Korea. Core inflation, which excludes volatile food and energy prices, slowed to 3.5% from 3.9% a month before, marking the slowest annual rise since May, 2022. Prices of petroleum products dropped 4.0% over a month and agricultural products fell 0.9%, but public utility prices rose 2.2%. Services prices rose 3.3% from a year earlier, weaker than 3.7% in May and the slowest in 14 months.

Persons: Jihoon Lee, Ed Davies, Sam Holmes Organizations: Statistics, Thomson Locations: SEOUL, Statistics Korea, South Korea's

☆ Their parents made China the world's factory. Can the kids save the family business?
▼ + stars: | 2023-06-19 | by ( David Kirton | ) www.reuters.com time to read: +9 min

Du, like tens of thousands of other young Chinese factory bosses, is inheriting a basic manufacturing business that can no longer rely on the labour-intensive model that made China the world's largest exporter of goods. Those skills would come in handy in a factory the Chinese state set up in 1951 and privatised in 2002. Like five of the other chang er dai who spoke to Reuters, Zhang never planned to take over the factory. Chang er dai, however, help lift the bottom, which is also important for preserving China's share of world manufacturing, two industry experts told Reuters. Not all chang er dai will get there.

Persons: Steven Du, Du, Zhang Zhipeng, Mao Zedong's, Du said, Zhang, Zhang Zeqing, Chang, Zhou Yuxiang, Tian Weihua, Tian, Zhang Ying, David Kirton, Marius Zaharia, David Crawshaw Organizations: Shenzhen Research Institute of High, Reuters, Apple, Agricultural Products, Lake Technologies, Science, Technology Innovation Research Institute, University of Arts, Workers, Thomson Locations: RUICHANG, China, Shanghai, Southeast Asia, India, New Zealand, United States, TW, Wisconsin, Ruichang, France, London, Ningbo

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