Global Wheat Prices Have Shut Up Again

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Global wheat prices rose almost six % on the chicago mercantile ange to about 12 50 a bushel. The fear is that there'll be another country forced to or, you know, will tink while my domestic inflation is rising. An of the most prominent western brands in russia is getting out. Mac donald said it's going to sell its russian business which employed more than 60 thousand staff locally.

Elon Musk acknowledged on Monday that he would pay a lower price for Twitter, hedge fund Tiger Global has significantly cut back its shareholdings and dumped stakes in tech companies, wheat prices jumped after India banned exports, and McDonald’s will sell its business in Russia.

Mentioned in this podcast:

Elon Musk says different price for Twitter deal ‘not out of the question’

Tiger Global slashes bets on tech groups after stock market sell-off

Wheat prices rise almost 6% as India export ban shakes markets

McDonald’s to sell its Russian business over Ukraine war

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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