Newsletter May 18, 2022
US urges India to reverse ban on wheat exports

The UN meeting -- to be chaired by US Secretary of State Antony Blinken -- will include Vellamvelly Muraleedharan, India's minister of state for external affairs.

Baby formula makers ramp up U.S. supplies to tackle shortage

The United States will allow baby formula imports from foreign makers that do not usually sell their products there, the Food and Drug Administration said on Monday.

UK unveils radical overhaul of EU trade deal in N. Ireland

The EU issued no hint that renegotiating the protocol was in the offing, after warning that any UK violation of the Brexit pact could see it hit back with tariffs.

Why Indonesia's palm oil export ban has not cooled cooking oil prices

Since November, authorities have unrolled a bewildering array of policy measures including subsidies, export permits and a palm oil levy as well as export bans.

Wall Street set to open higher as technology, growth stocks rebound

A positive first-quarter earnings season has been overshadowed by worries about the Ukraine war, soaring inflation, COVID-19 lockdown in China and aggressive policy tightening by central banks.

Small players lose faith in crypto after sell-off

Bitcoin was hovering around $30,000 on Tuesday, having lost more than 20% so far this month.

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