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Recent Editions
Risk Channel
North America
Global food prices rose to their highest level in more than three years in April as the Iran war disrupted agricultural supply chains and increased the cost of key farming inputs, raising concerns over renewed food inflation for consumers worldwide. The United Nations Food and Agriculture Organization’s food price index increased 1.6% month-on-month and was 2.5% higher than a year earlier, marking a third consecutive monthly increase. The rise was driven primarily by higher prices for vegetable oils, meat and cereals as the ongoing conflict around the Strait of Hormuz disrupted supplies of diesel and fertiliser critical to global agricultural production. Higher oil prices also boosted demand for biofuels, helping push the UN vegetable oils index up 5.9% to its highest level since July 2022. Meat prices rose 1.2% to a record high, while cereal prices increased 0.8% amid weather concerns and expectations of reduced wheat plantings in 2026 as farmers shift towards less fertiliser-intensive crops to manage rising input costs.
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Risk Channel
UK/Europe
Commerzbank has said it plans to cut 3,000 jobs to help it reach more ambitious profit targets as part of a strategy to fend off a mooted takeover by Italian lender UniCredit. "UniCredit’s communicated plan remains vague and bears considerable execution risks, while using misleading narratives that discredit Commerzbank," the German lender said about UniCredit's recent move to officially launch its takeover attempt at a below-market price of €37bn ($43.43bn).
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