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An explosion early Friday morning seriously damaged the key Antonivsky Bridge in Kherson, Ukraine. The explosion came as Russian forces retreated from the strategically important city. Prior to the Russian retreat from Kherson, Ukrainian officials accused Russia of destroying various bridges, the suspected aim being to slow the Ukrainian advance. Satellite images shows damage to the Antonivsky Bridge in Kherson, Ukraine. Maxar TechnologiesA close-up satellite image shows large gaps in the Antonivsky Bridge in Kherson, Ukraine.
The bridge between Russia and the Crimean Peninsula was hit by a surprise attack on October 8. Bridge over troubled waterThe Crimean bridge on October 9. Contributor/AFP via Getty ImagesThe Crimean bridge is very important to the Russian war effort in Ukraine. Vehicles wait to cross the Crimean bridge on October 9. Happy birthday, Mr. presidentUkrainians pose with a mock postage stamp depicting the Crimean Bridge on fire on October 8.
Food inflation is easing, but food prices are still high by historical standards. The UN's Food Price Index fell for the sixth straight month in September, but was still up 5.5% on-year. Aside from raw material prices, other factors — such as labor costs — also affect food prices. His comments came just after the United Nations Food and Agriculture Organization released data on Friday showing its food price index fell for the sixth straight month in September. There are also many moving parts to food prices.
150 Ukrainian grain ships are waiting to be cleared by UN inspectors, the agency told Insider. The progress of the grain ships has been closely monitored since the beginning of the Ukraine war. Exports virtually stopped following Russia's invasion, prompting concerns over the possible impact less Ukrainian grain being available could have on global food security. The Financial Times first reported the backlog of ships waiting inspection, citing figures published by SovEcon which tracks Black Sea agricultural markets. As of Monday, more than 90 ships are yet to reach their final destination, according to the Black Sea Grain Initiative's tracker, although some of these left port recently.
Putin’s threats increase the risk of escalation to a nuclear conflict drastically. Beatrice Fihn, Nobel laureate and executive director of the International Campaign Against Nuclear Weapons, urged political leaders to renew efforts to get rid of all nuclear weapons by signing and ratifying the Treaty on the Prohibition of Nuclear Weapons. Beatrice Fihn, Nobel laureate and executive director of the International Campaign Against Nuclear Weapons, told CNBC that Putin's "incredibly dangerous and irresponsible" threats drastically increase the risk of escalation to a nuclear conflict. Fihn called for the international community to "unequivocally condemn any and all nuclear threats" and urged political leaders to renew efforts to get rid of all nuclear weapons by signing and ratifying the Treaty on the Prohibition of Nuclear Weapons. 'No going back'Max Hess, a fellow at the Foreign Policy Research Institute think tank, described Putin's nuclear threats as a "very significant announcement."
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEscalation of economic war against Russia is still possible, analyst saysRussia may be almost entirely cut off from global markets, but the West will look to bring countries like India and China together in the economic war effort, according to the Foreign Policy Research Institute's Max Hess.
Ex-diplomats and Russia experts said it showed that Russia is losing the war in Ukraine. By comparison, taking control of the Donbas is a far less ambitious goal for Putin than conquering the whole of Ukraine. In his address, Putin threatened the use of nuclear force in the event of a "threat" to the "territorial integrity" of Russia. "Anyone who finds it necessary to say that he's not bluffing most likely is," Daalder said of Putin's latest nuclear threat. Both the US and the UK have indicated that they view Putin's escalation of the Ukraine war as a sign that his invasion is not going well.
In a recent note, Charles Dumas, chief economist at U.K.-based investment research firm TS Lombard, said that action on climate change is often criticized as moving too slowly. "Effectively by 2030 the cost of renewable electricity is going to be half that of coal and gas sourced electricity," Dumas told CNBC. COP26 prioritiesAmid this backdrop, the United Nations Climate Change Conference, better known as COP26, will meet in Glasgow in November. While the developing world, including several African nations, has great potential in developing sites for generating solar power, that power needs to move easily. Both in developed and developing countries, you can provide labor intensive employment through renewable energy," Steele said.
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