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Added on the 23/03/2022 15:55:50 - Copyright : France 24 EN
The world is on the verge of its worst food crisis in history. In this special edition, FRANCE 24's Business Editor Kate Moody asks leaders in Davos what they are proposing to protect the most vulnerable. Our reporters also look at how Finland has become one of the most food-resilient countries in the world. Plus we meet Apeel CEO James Rogers, who's fighting against food waste with an all-natural spray that extends the shelf life of fresh fruit and vegetables.
The United States Federal Reserve has raised interest rates for the first time since 2018, as it tries to cool inflation, which is running at the highest level in forty years. The Chair of the central bank, Jerome Powell, said the implications of the Russian invasion were "highly uncertain", pointing to the risk of disruption to supply chains. Also today, we look at details of the French goverment's plan to ease the economic impact of the Ukraine war.
The Central Bank of Russia raised its key lending rate by one percentage point to 13% on Friday, a month after imposing an even larger hike.
The European Commission has revised down its economic forecast, warning that stubbornly high prices for goods and services are "taking a heavier toll than expected."
Russia agreed to a two-month extension of a deal that has allowed Ukraine to ship grain through the Black Sea to parts of the world struggling with hunger, Turkish President Recep Tayyip Erdogan announced Wednesday, a boost to global food security after the war drove up prices.
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