Emerging markets
The world will face ‘a severe food crisis and famine,’ Zelenskyy says
Ukraine’s President Volodymyr Zelenskyy addresses participants at Singapore’s Shangri-La Dialogue summit virtually via a video link on June 11, 2022. Roslan Rahman | Afp | Getty Images SINGAPORE — Ukraine President Volodymyr Zelenskyy warned that the world will face a “severe food crisis,” with Russia’s war on his country dragging on, as he virtually addressed the […]
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CNBC Pro Talks: Buffett disciple and veteran investor Mohnish Pabrai shares his latest market strategy
Join the upcoming Pro talks , as CNBC’s Tanvir Gill speaks to Mohnish Pabrai, value investor and managing partner of Pabrai Investment Funds, on his current market outlook, his playbook on what to buy and what to avoid. Pabrai will also share his top stock picks and his strategy around tech volatility. A stream of […]
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Cheap valuations, strong growth: Fund manager says it’s time to buy Vietnam stocks
This photo from Oct. 2021 shows motorcyclists waiting at a Covid-19 border checkpoint between Ho Chi Minh City and Long An province, in Ho Chi Minh City, Vietnam. The country’s benchmark VN index has fallen around 14% year-to-date as of Monday’s close. Maika Elan | Bloomberg | Getty Images Vietnam’s stock index has fallen more […]
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Food price inflation rocks the Middle East’s economies, pushing up risk of social unrest
Local government officials and a Ukrainian soldier inspect a grain warehouse earlier shelled by Russian forces on May 06, 2022 near the frontlines of Kherson Oblast in Novovorontsovka, Ukraine. John Moore | Getty Images Rising prices of food and energy are reverberating through Middle Eastern and North African economies, a new S&P Global Ratings report […]
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Turkey’s inflation soars to 73%, a 23-year high, as food and energy costs skyrocket
A man sells slippers in Eminonu on May 5, 2022, in Istanbul, Turkey. The country has enjoyed rapid growth for years, but President Erdogan has for years refused to meaningfully raise rates to cool the resulting inflation. The result has been a plummeting Turkish lira and far less spending power for the average Turk. Burak […]
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Israel signs historic trade deal with UAE, its biggest with any Arab country
Israeli national flags fly alongside United Arab Emirates national flags on the side of a road in Netanya, Israel, on Monday, Aug. 17, 2020. Kobi Wolf | Bloomberg | Getty Images DUBAI, United Arab Emirates — Israel and the United Arab Emirates on Tuesday penned a multi-billion dollar free trade agreement, the latest product of […]
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Saudi finance minister warns of growing global food crisis caused by Ukraine war
Mohammed Al-Jadaan, Saudi Arabia’s finance minister, at the World Economic Forum in Davos, Switzerland Jason Alden | Bloomberg | Getty Images Several countries are raising the alarm over the growing crisis in global food supplies triggered by Russia’s invasion of Ukraine. The warring states are among the world’s top agricultural exporters and feed much of […]
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Saudi foreign minister says the kingdom’s hands are ‘stretched out’ to Iran
Saudi Arabia is seeing some progress on dialogue with its longtime adversary Iran, but not enough, the kingdom’s Foreign Minister Prince Faisal bin Farhan al-Saud told CNBC on Tuesday. In the meantime, the minister says it is eager to improve the two countries’ relationship. “In Saudi Arabia, and I think it’s the same in the […]
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Any potential recession will be ‘light,’ Qatar Investment Authority CEO says
The CEO of Qatar’s sovereign wealth fund believes that if the world sees a recession, it will be “light.” Rising fears of a looming recession pushed U.S. stocks briefly into a bear market on Friday, as Covid-19 related shutdowns in China, rising interest rates and a cost of living crisis impact investor sentiment. “The sell-off […]
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‘The stakes here are now massive’: Turkey is threatening to block NATO membership for Sweden and Finland
Turkish President Recep Tayyip Erdogan speaks ahead of the peace talks between delegations from Russia and Ukraine at Dolmabahce Presidential Office in Istanbul, Turkiye on March 29, 2022. Arda Kucukkaya | Anadolu Agency | Getty Images Turkish President Recep Tayyip Erdogan has doubled down on his opposition to Sweden and Finland joining the NATO alliance, […]
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