Tue, 21-Oct-2025

WTO chief warns of food price rise

Ngozi Okonjo-Iweala

WASHINGTON: WTO chief Ngozi Okonjo-Iweala has warned about the “economic impacts” of the war in Ukraine, a major wheat exporter, which will hurt consumers around the world. “There’s going to be a big impact with respect to wheat prices and prices of bread for ordinary people as well,” she said at a virtual event with … Read more

IMF chief warns Omicron could slow global growth

IMF

WASHINGTON: The new Omicron variant of Covid-19 could slow the global economic recovery, just as the Delta strain did, IMF chief Kristalina Georgieva said on Friday. “A new variant that may spread very rapidly can dent confidence and in that sense, we are likely to see some downgrades of our October projections for global growth,” she … Read more