A $40.1 billion aid package to help arm the Ukrainian military and provide economic and humanitarian relief is on its way to President Joe Biden’s desk roughly three weeks after he asked Congress for another emergency cash infusion. The Senate voted 86-11 Thursday to clear the supplemental funding bill, with all of the “no” votes coming from Republicans. Biden is expected to sign the measure... 

‘Millions’ could die because of the pandemic and the ongoing military action in Ukraine, Berlin’s development minister believes. The world is about to face an acute food crisis due to skyrocketing food prices, German Economic Cooperation and Development Minister Svenja Schulze told the Bild newspaper on Saturday, warning about a looming famine not seen since World War II. The minister has... 

Multiple analysts at Chinese state-linked think tanks and banks have weighed in on the Biden administration’s recent threats to punish the world’s second-largest economy over China’s refusal to condemn Russia’s war in Ukraine, and amid US charges that it could be helping Moscow evade sanctions, or even quietly resupplying Putin’s military machine (charges which at this point have remained... 

Consumer prices in Turkey soared by 69.97% in April compared to the same month last year, according to official data released on Thursday. Inflation has soared amid rising energy prices against the backdrop of the Russia-Ukraine war and due to a lira crash late last year. The figure, released by the Turkish Statistical Institute, exceeded the central bank’s estimate of 68% and represents the steepest... 

The FBI is warning about increased cyber attacks on agricultural cooperatives, saying that hackers could target large-scale farms and potentially impact the world’s food supply. The Cyber Division of the top US law enforcement agency issued a notice to private industry earlier this week, pointing to a growing number of ransomware attacks on farming co-ops throughout the autumn harvest in 2021 and... 

The International Monetary Fund (IMF) has issued a warning about the future, which looks grim. If things continue as they are now – and they more than likely will – global food shortages will continue. The result will be supply issues and civil unrest, likely beginning in the Third World and spreading from there. Protests have already erupted in Peru due to unrelenting inflation, and this is probably... 

Rockefeller Foundation President Rajiv Shah told Bloomberg Television’s David Westin a “massive, immediate food crisis” is on the horizon. Shah provides what could be a timeline for the next global food crisis that could begin “in the next six months.” He said global fertilizer supply disruptions caused by the Russian invasion of Ukraine would have an “even worse”... 

During an IMF “Debate on the Global Economy” Thursday, International Monetary Fund Director Kristalina Georgieva hinted that the world’s economic overlords may have screwed us all. Moderated by CNBC anchor Sara Eisen, European Central Bank President Christine Lagarde, U.S. Federal Reserve Chairman Jerome Powell, Barbados Prime Minister Mia Mottley, and Indonesian Minister of Finance Sri Mulyani... 

The inflation rate in the South American country of Argentina is exceeding forecasts, creating worries for many. According to the latest government data, Argentina’s monthly inflation rate officially rose to 6.7 percent in March, the highest level in two decades. Both food and gasoline are affected by the increase, which is outpacing some people’s salaries and savings. The INDEC statistics agency... 

Crisis-hit Sri Lanka has announced that it will halt payments on its foreign debt as its dwindling reserves of dollars are needed to purchase food and fuel. “We have come to a situation where the ability to service our debt is very low. That’s why we decided to go for a preemptive default,” the newly appointed central bank governor, Nandalal Weerasinghe, announced during a briefing on Tuesday. The... 

Just days after Germany reported the highest inflation in generation (with February headline CPI soaring at a 7.6% annual pace and blowing away all expectations), giving locals a distinctly unpleasant deja vu feeling even before the Russian invasion of Ukraine broke what few supply chains remained and sent prices even higher into the stratosphere… … on Monday, Germany will take one step... 

Philippine President Rodrigo Duterte warned in an address that he may start rationing gasoline supplies as a way to deal with the skyrocketing price of fuel. In a pre-recorded address released on Tuesday, March 22, Duterte reminisced about his childhood, when fuel rationing was a lot more common because of limited supplies. He warned that this scenario may happen again. He explained that he was talking... 

Telegram channel Hungry Earth is keeping track of the upcoming global famine. You should subscribe to it. We found a lot of useful info there. Viral footage on Chinese social media revealed that peasants were ordered to clear forests to make way for arable land, amid fears of worsening food shortages. The person recording the footage said: “We just received a notice that we are required to cut down... 

German news magazine Focus has advised readers to change their spending and lifestyle habits in order to save money amid skyrocketing prices. According to the publication, Russia’s military operation in Ukraine and the economic sanctions placed on Moscow have resulted in additional problems in supply chains and have driven up energy prices. This, in turn, has affected the product range and prices... 

French President Emmanuel Macron reiterated his promise to issue struggling families with food vouchers amid sharp rises in fuel and raw materials costs, caused, as he claimed, by the ongoing Russian military offensive in Ukraine. In an interview with France Bleu radio on Tuesday, Macron said the world is facing “a global food crisis.” Emphasizing that France has advised fellow European countries...