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‘Famines by end of year’ World on cusp of ‘food catastrophe’ despite Ukraine grain deal

August 18, 2022 by www.express.co.uk Leave a Comment

We are on the cusp of ‘global food catastrophe’ says charity chief

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The global food crisis, which the UN warned about when Vladimir Putin ’s Russia blocked grain export from Ukrainian ports, is still impending despite the deal broken by Ukraine and Russia, a charity chief warns. Three weeks after a deal was signed by both countries – putting an end of Putin’s famine threat – the first shipment of humanitarian food aid set sail from Ukraine with around 23,000 tonnes of wheat making their way to Ethiopia. However, the failure in providing food to the world’s neediest people is compounded issues, making famines in the whole world inevitable.

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When asked whether she was hopeful about the renewed flow of food and grains from Ukraine through the Black Sea, Charity chief Christine Allen said: “It does give us some hope.

“But it’s certainly not the answer to our prayers – that’s for sure. You know, the more we can get moving out of Ukraine, the better.

“But there a certain number of issues here. One is obviously the issues of grain making that accessible. But there is still the reality that prices have gone up hugely. Fuel as well has gone up hugely.

“And, you know, in the same way that we’re talking about, kind of duel prices, who’s paying the price for that. It’s the poorest that will pay the price.”

Volodymyr Zelensky, Christine Allen and Putin

Christine Allen warns of an impending global food catastrophe despite Ukraine-Russia deal (Image: GETTY)

Christine Allen

Christine Allen says famine will occur ‘before the end of this year’ (Image: TWITTER/@LBC)

“So, there’s that side of things. There’s also the issue about aid, there is the issue about the amounts of aid that are being given.

“There is also the issue, I think, about broader global cooperation. I mean, you said in your introduction, we are absolutely on the cusp of a global food catastrophe.”

Ms Allen insisted: “It’s not just a crisis. It’s a catastrophe. We’re seeing people in Afghanistan today starving.

“We’re seeing people in East Africa starving. We will see famines before the end of this year.”

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The first ship

The first ship to leave the Ukrainian port of Odesa left three weeks ago (Image: GETTY)

Vladimir Putin

Vladimir Putin executed a famine threat by blockading Ukrainian ports (Image: GETTY)

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LBC’s Shelagh Fogarty jumped in, saying: “We will see it in places where we don’t normally see it, is that what you’re saying?”

“Absolutely,” Ms Allen said. “You know, I mean, Afghanistan has suffered with three droughts over the past five years.

“I was in northern Kenya this year at the end of May. They have missed four rainy seasons. I mean droughts are becoming much more the norm.

“We spent two weeks with a hot weather here. Imagine what’s that like over a two-year period. So, this is a really tough situation and we’re seeing failed harvest, we’re seeing real hunger. And so that does come down. We have seen here over the last couple of years, a greater recognition of climate change – recognise the urgency.”

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David Beasley

David Beasley warned of the impending crisis when Ukrainian ports were blockaded (Image: GETTY)

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The UN World Food Programme (WFP) raised alarm bells when Vladimir Putin executed his famine threat by blocking grain exports from Ukrainian ports.

David Beasley, Executive Director of the World Food Programme stated:  “When a nation that is the breadbasket of the world becomes a nation with the longest bread line of the world, we know we have a problem.”

Despite the deal brokered by Russia and Ukraine, experts say the scale of the crisis is so immense that no single advance will suffice to solve the issue.

Experts cite wars, the economic devastation in the wake of the Covid-19 pandemic and extreme weather worsened by climate change for the devastating famines most parts of the world will face.

According to the World Food Programme, 50 million people in 45 countries “are teetering on the edge of famine.”

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Nottingham Forest set for 16th signing as they agree £42.5 million Morgan Gibbs-White deal

August 18, 2022 by www.cbssports.com Leave a Comment

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With well over £100 million spent on double-digit transfers, Nottingham Forest are throwing themselves into the Premier League transfer window with gusto. Now they are set to make their biggest splash yet having agreed a deal with Wolverhampton Wanderers that could ultimately reach £42.5 million for midfielder Morgan Gibbs-White. This will be their 16th summer signing.

Forest will pay £25 million upfront for the England Under-21 international, but that fee could balloon into, by some distance, the most expensive player signed by a newly-promoted Premier League club. Previously it was the £27 million Leeds United paid for Rodrigo . Sources on both sides of the deal have confirmed to CBS Sports that between £7 million and £10 million of add-ons are relatively easily achievable for Forest; it is understood that within those terms are a bonus Steve Cooper’s side will pay Wolves if they avoid relegation this season. There are, however, further provisions in the agreement that, whilst less likely to be reached, would swell the deal further to £42.5 million.

Wolves view that as a fair price at which to cash out on a talented player whose best season came on loan in the Championship with Sheffield United and who has yet to reach 50 Premier League games. Should Forest reach every clause in the deal they would effectively end up funding the purchase of Matheus Nunes — rated by Pep Guardiola as “one of the best in world football” — from Sporting.

Equally, Forest are adding a player who was coveted by many other Premier League clubs, most notably Everton but also West Ham. An earlier bid worth up to £35m was rejected, but they now have a player who has a proven track record of success with his new manager; in 2017 Gibbs-White was part of the England side that won the U-17 World Cup with Cooper as manager.

On paper, Forest’s options in midfield now look intimidating indeed. Gibbs-White could find himself vying with Jesse Lingard for minutes at the tip of Cooper’s trio in the center of the pitch with fellow new signings Remo Freuler, Cheikhou Kouyate, Lewis O’Brien and Orel Mangala capable propositions deeper in the engine room. Gibbs-White’s addition is understood to put pay to the pursuit of Lyon midfielder Houssem Aouar, though club sources have indicated that this was not a move that was particularly deeply explored.

With similar investment across the rest of the pitch, Forest’s approach has naturally caught the eye across England and beyond. When Gibbs-White’s move is finalized — he is undergoing a medical on Thursday afternoon — the Reds will sit second in the top flight in terms of spending, firmly between Chelsea and Tottenham. Whilst 16 headline additions is certainly a sizeable amount, it should be noted that a significant number of the players who got Forest to the Premier League did not make the journey with them including loanees Djed Spence and James Garner , as well as first choice goalkeeper Brice Samba .

Speaking earlier on Thursday, Cooper indicated that there were further positions in his squad that needed strengthening, saying in his pre-match press conference ahead of Saturday’s trip to Everton: “There are certainly some areas we still want to strengthen in all the lines throughout the pitch.

“But it’s getting the right player and the right character that fits into our way of working, but that’s what we’re committed to doing. If you like we’re down the line with a few things and hopefully we can finish the process off of getting them through the door. And also, naturally there’s going to be some players who will leave as well, which is not too much of a negative situation. Some guys need to leave to further their careers, whether it’s on loan and they come back, or move on a permanent basis.”

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India has never been defensive about its stand on buying Russian oil; wanted the ‘best deal’ for the people: EAM Jaishankar

August 17, 2022 by economictimes.indiatimes.com Leave a Comment

Synopsis

“They may not always appreciate it but once it is there and you are not trying to be too clever about it, you actually have laid out your interest in a very direct manner, my sense is that the world somewhat accepts that as reality,” Jaishankar said. The US and European nations have imposed heavy sanctions on Russia since Moscow sent troops into Ukraine on February 24.

The US and some others may not appreciate India buying Russian oil , but they have accepted it as New Delhi has not been defensive about its stand but made them realise that the government had the “moral duty” to ensure that the people got the “best deal”, External Affairs Minister S Jaishankar has said.

Jaishankar, who arrived here on Tuesday to attend the 9th India-Thailand Joint Commission Meeting, took part in an event where he met members of the Indian community.

In an interaction with the diaspora, Jaishankar defended India’s decision to buy discounted Russian oil amid Moscow’s ongoing war with Ukraine , saying many suppliers of India have diverted their supplies to Europe , which is buying less oil from Russia .

Oil prices are “unreasonably high” and so are the gas prices. A lot of traditional suppliers to Asia are diverting to Europe because Europe is buying less oil from Russia, he said.

“It is a situation today where every country will try to get the best deal possible for its citizens, to try to cushion the impact of these high energy prices. And that is exactly what we are doing,” Jaishankar said in response to a question.

He said India is not doing it in a “defensive way”.

“We are being very open and honest about our interests. I have a country that has a per capita income of two thousand dollars. These are not people who can afford higher energy prices,” Jaishankar said.

He said it was the government’s “obligation” and “moral duty” to ensure that the people in India get the “best deal.”

“I do see that — not just in the United States but including the US — that they know what our position is and they move on with that,” he said when asked about the impact of buying Russian oil on India’s ties with the US.

“Once you lay out very openly and honestly, people accept it,” he added.

“They may not always appreciate it but once it is there and you are not trying to be too clever about it, you actually have laid out your interest in a very direct manner, my sense is that the world somewhat accepts that as reality,” Jaishankar said.

The US and European nations have imposed heavy sanctions on Russia since Moscow sent troops into Ukraine on February 24. India has raised oil imports from Russia after the Ukraine war despite criticism from the west and continues to engage with Moscow for business.

A senior Indian government official said in June that India’s crude oil imports from Russia had jumped over 50 times since April.

In May, Russia overtook Saudi Arabia to become India’s second-biggest supplier of oil behind Iraq as refiners snapped up Russian crude available at a deep discount following the war in Ukraine.

Indian refiners bought about 25 million barrels of Russian oil in May.

In June during a conference in the Slovakian capital Bratislava, Jaishankar defended India’s purchase of Russian oil, saying if Europe manages to procure oil and gas from Russia in a way to ensure that the impact on its economy is not traumatic, that freedom should exist for others as well.

Earlier, addressing the Indian community, Jaishankar highlighted the various challenges faced by India.

“We have long been challenged by the…impact of cross-border terrorism. In the last two years, we also had a challenging situation on our northern borders,” he said.

He said a situation has arisen at the northern border that went against understanding India had with its northern neighbour China.

He said there are a whole host of other issues, like pandemics, climate change, and maritime security that impact India, which is one-fifth of humanity.

Speaking on India-Thailand ties he said, for India, the ASEAN has been associated with a period of reforms.

“Among Association of Southeast Asian Nations (ASEAN) countries, Thailand has been particularly important for us. It is today a very major partner…I think trade today is in excess of 15 billion dollars,” he said.

Thailand is a partner to India not only in ASEAN but other organisations like the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) and Mekong-Ganga.

“I am here to take our relationship with Thailand forward,” he said.

He said the objective of the joint commission is to build greater political comfort, to increase trade, to look at the barriers which stand in the way to promote more economic activity and more investments between our countries and to make it easier for the people to travel between the two nations.

“This really matters to us today because, in a much more volatile and uncertain world, both ASEAN and India…find each other a source of stability,” he said.

He said the Indian community has a role in strengthening the bilateral relationship.

Jaishankar shared how India went through the ‘agnipariksha’ during the coronavirus pandemic and lessons learned from it.

“Today, I present to you a picture that has come through the COVID period. Like everybody else, we have been scarred and felt the pain, There is barely a family I know which has not lost someone or where people haven’t had COVID.

“This agnipariksha, we have actually come through it with a great deal of learning, new capabilities, and strong confidence with a sense that as a country, as a society and as a people, we have the ability to deal with such challenges and not just deal with a survival mode but to deal with it in a way that we once again coming back to our high growth trajectory and we will be the fastest growing major economy this year and probably the foreseeable future,” he said.

“We dealt even with the COVID and followed a form of fiscal prudent policy,” he said.

It is a policy where we ensured social stability where weak, and vulnerable were secured, Jaishankar said.

“…we encouraged clean up of the system, we say reform in the system, important reforms like tax, business, education. So, we have actually used this period well and during the first year of COVID, we reported the largest ever exports in our history,” he added.

“These are some of our achievements but we still have a long way to go,” he added.

“What I see today in terms of innovation, and start-ups is really beyond imagination…there is infrastructure change taking place,” he said. “So, a sense which I want to share with you is that with 75 years of Independence, we are today a country very confident looking at our future, very determined to pick up the pace of growth,” he added.

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India pushes Eurasian agenda with MoS Home & Deputy NSA in SCO meets in Tashkent

August 18, 2022 by economictimes.indiatimes.com Leave a Comment

Synopsis

The SCO NSA meet focussed on Afghanistan, Eurasian connectivity and counter-Terror measures among other issues on day one of the two-day meet, ET has learnt.

India on Thursday pushed to expand its Eurasian outreach with MoS Home, Deputy NSA besides one of Supreme Court judges participating at a slew of meetings of the Shanghai Cooperation Organisation (SCO) in Tashkent and Dushanbe, day after NSA Ajit Doval visited Moscow to bolster strategic ties.

While MoS Home Nityanand Rai represented India at the SCO Interior Ministers meet, Deputy NSA Vikram Misri represented India at the SCO NSA meet ahead of the summit in Samarkand (Uzbekistan) mid September.

“At SCO Interior Ministers Meet in Tashkent, MoS @nityanandraibjp called for stringent action against terrorism & drug trafficking and cooperation in cyber security. Presented India’s robust covid response globally,” the Indian Embassy in Uzbekistan tweeted following the meet.

The SCO NSA meet focussed on Afghanistan, Eurasian connectivity and counter-Terror measures among other issues on day one of the two-day meet, ET has learnt.

Meanwhile, Supreme Court Justice Ajay Rastogi participated in the XVII Meeting of Supreme Court Chief Justices of SCO Member States held in Dushanbe.

In Moscow besides holding a brainstorming session with his Russian counterpart Nikolai Patrushev, Doval also met Deputy PM Denis Manturov. Manturov handles India as part of his portfolio. The DPM has old Indian connections having spent his childhood in Mumbai and is a big supporter of ties with India.

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    Govt has Moral Duty to Give Best Deal to Citizens: Jaishankar Govt has Moral Duty to Give Best Deal to Citizens: Jaishankar

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More British investors look at Vietnam to cash in on free trade agreements

August 18, 2022 by en.vietnamplus.vn Leave a Comment

More British investors look at Vietnam to cash in on free trade agreements hinh anh 1 Electric motorbikes manufactured by Vinfast. Many UK businesses are looking into electric mobility industry in Vietnamwhich is expected to grow by double digits in the next few years. (Photo: VNA)

Hanoi (VNS/VNA) – Many British investors are seeking investment opportunities in Vietnam in the hope of cashing in on free trade agreements ( FTA s) that Vietnam has signed with the UK and other economies worldwide.

The UK-Vietnam Free Trade Agreement (UKVFTA), which officially took effect in May 2021, was one of the first trade deals inked by the UK after it left the European Union by the end of 2020, which reflected the importance of Vietnam in the UK’s trade policy.

Bilateral trade and investment between the two economies have grown significantly with a growth rate of 17% last year.

Data of the Foreign Investment Agency under the Ministry of Planning and Investment showed as of October 20, 2021, the UK had 439 valid projects amounting to nearly 4 billion USD in registered capital in Vietnam.

Many big companies in many industries such as Dragon Capital, Standard Chartered, Diageo, Prudential, AstraZeneca, HSBC, Unilever and Jardines have established their operations in Vietnam and played important roles in developing certain sectors of the economy including finance, medicine, education, fashion and cosmetics.

Now, besides large companies, many UK small and medium-sized enterprises (SMEs) stand to gain significantly from the UKVFTA and other 14 FTAs that Vietnam has signed with more than 50 countries around the world.

“We see there was a spike of interest (from UK businesses) from March onwards, in conjunction with ( Vietnam ’s) opening up of borders, which made it much easier for investors to come to the country,” said Maria Kotova, a Gobal Business Development Manager and senior advisor from Dezan Shira & Associates, a professional services firm that provides FDI services for investors worldwide.

Kotova said there are several reasons why Vietnam attracts British investors.

They include it being a fast growing middle income country with a population of almost 100 million and GDP recorded last year at about 362.6 billion USD; a cheap and skilled workforce which has increased productivity and competitiveness over time; and attractive tax incentives, for example, corporate income tax of 10% if a company invests in technology for 15 years, compared to the traditional 20% on the market.

According to data from the National Wages and Productivity Commission, while not the lowest in Southeast Asia, Vietnam’s average monthly wage is around one-third lower than wages in the ASEAN-4 nations (including Thailand, Malaysia, the Philippines and Indonesia) and around half of those in China.

However, most notably is broad and easy trade access to the entire region thanks to wide-ranging FTAs that Vietnam has signed with different blocs/countries which enable low tariff rates, Maria said.

She noted a lot of companies are either staging or establishing production facilities in Vietnam. They are producing and exporting products to many countries at zero tax rates or very low tax rates, or they export products to Vietnam and further process here to achieve a certain percentage of labour to be qualified as made-in-Vietnam products and then export those products to almost every country with which Vietnam has signed FTAs.

Vietnam is playing an important role in many UK companies’ diversification strategies as it is considered a major trade and investment hub in the Asia-Pacific region by being a party of the Regional Comprehensive Economic Partnership (RCEP) and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) which the UK is seeking to join.

Kotova named three sectors that British companies may consider investing in, including renewable energy, automotive and mobility industry and medical devices.

“I think a lot of our clients are looking into automotive and mobility industry in general, especially electric mobility which will be growing in double digits in the next few years,” Maria said, adding a lot of opportunities are presented to those who are working in the supporting industries.

Regarding the renewable energy industry, this is at the centre of the Vietnamese Government’s development strategy in the coming years, focusing on wind and solar energy and biomass. So UK businesses may participate in some big infrastructure development projects.

Last, about medical devices, currently, 90% of medical devices in Vietnam are imported. As demand for medical supplies and equipment is high given low domestic production capacity, the Vietnamese Government encourages the imports of foreign medical devices and offers low input and restrictions.

However, as only businesses registered in Vietnam with import licenses can distribute medical devices, Kotova said it’s very important for UK companies to establish a local office or appoint a local distributor to work with.

Vietnam welcomes UK investors

Vietnamese Government leaders have reaffirmed Vietnam is willing to create favourable conditions for investors of the UK to invest in Vietnam as well as operate in Southeast Asian countries.

In early June, Vietnam issued Decision No.667/QD-TTg approving a national strategy for foreign investment cooperation for the 2021-30 period. The strategy targets to increase the share of registered foreign investment capital from Asia, Europe and the US so that the capital placed by them represents more than 70% of the total disbursed in Vietnam by 2025 and 75% by 2030.

Besides top investors such as Singapore, the Republic of Korea, Japan, mainland China and Taiwan, the strategy also aims to boost investment from EU partners, the UK and Russia.

Vietnam is now actively positioning itself to attract “green FDI” and pursuing growth being aligned with global sustainability and climate change goals. The country is driving the economy towards green growth, sustainability and lower greenhouse gas emissions through the National Green Growth Strategy 2021-30.

According to chairman of the British Chamber of Commerce Vietnam Kenneth Atkinson, Vietnam’s commitment to higher international standards, such as international labour standards and sustainability, will also help to attract high-quality British investors, especially those committed to the UN’s Social Development Goals in their supply chain.

“However, opportunities are not without their challenges and the regulatory environment and business administration in particular still leave room for improvement. Whilst central Government seems well aware of this, there are still disconnects at a local and provincial level, which cause considerable delays in areas such as licensing and often a lack of transparency in other administrative areas,” Atkinson said./.

VNA

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