top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen


7 Nov 2021

Global Food Prices Highest in a Decade

The Index Today

Rising food prices are have a hit a new record in over a decade, crossing 30% in many developed and underdeveloped countries. Supply chain disruptions, factory shortages and political tensions are pushing up prices of basic food items leading them to peak at a record high according to the United Nations Food and Agriculture Organization.

Local governments and human rights groups are issuing new warnings of hunger and malnutrition which could affect large masses of population in countries such as Brazil, India and Philippines. William Jackson at Capital Economics said, “Inflation has been particularly problematic in Latin America where it’s risen much more sharply than in other regions.”

Inflation has been recorded to cross targets set by central banks by as much as three times in some countries. Combined with drought, slow economic growth and covid, the situation has become dire for millions of families who struggle to afford one meal a day.

Food categories including wheat, barley, maize and rice make up at least half of the global nutrition and almost 80% in poor countries. The supply chain disruptions have not only shrank crop output, but also increased prices since 2019.

Clay pottery with table linens
bottom of page