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Syria more than doubles petrol prices

Syria's internal commerce ministry has announced a petrol price hike of around 130 percent in the war-torn country facing fuel shortages and extended power cuts. 

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First Ukraine grain shipment's arrival in Lebanon 'postponed'

The first shipment of Ukrainian grain since Russia's invasion will no longer arrive in the northern Lebanese port city of Tripoli on Sunday as planned, Ukraine's embassy in Beirut said.

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Lebanon-bound ship brings hope, not solution to food crisis

A ship bringing corn to Lebanon's northern port of Tripoli normally would not cause a stir. But it's getting attention because of where it came from: Ukraine's Black Sea port of Odesa.

The Razoni, loaded with more than 26,000 tons of corn for chicken feed, is emerging from the edges of a Russian war that has threatened food supplies in countries like Lebanon, which has the world's highest rate of food inflation -- a staggering 122% -- and depends on the Black Sea region for nearly all of its wheat.

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UN: World food prices drop again after Ukraine grain pact

World food prices fell sharply in July, partly thanks to a deal between Ukraine and Russia lifting a sea blockade that had stopped Ukrainian grain shipments, a U.N. agency said Friday.

Food prices soared to a record high in March after Russia invaded Ukraine, raising fears that the conflict between two of the world's breadbaskets would spark hunger in countries relying on their exports.

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Musk countersuit accuses Twitter of fraud

Elon Musk accused Twitter of fraud in a countersuit over his aborted $44 billion deal for the social media company, which he said held back necessary information and misled his team about its true user base, according to media reports.

According to The Washington Post, the countersuit filed by the billionaire and Tesla CEO filed Thursday alleges that Twitter committed fraud, breach of contract and violation of the Texas Securities Act.

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Dutch government, farmers in talks on emission cut targets

Representatives of Dutch farmers were meeting Friday with Prime Minister Mark Rutte and other Cabinet ministers to discuss the government's nitrogen emissions reduction goals that have sparked disruptive protests in recent weeks.

But the prospect of success appeared slim, with two main activist farmers' organizations demanding concessions and not attending because they have no trust in the veteran politician appointed to act as intermediary. They say the mediator, Johan Remkes, is not independent.

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3 more ships with grain depart Ukraine ports under UN deal

Three more ships with grain have left Ukrainian ports and are headed to Turkey for inspection, Turkey's defense ministry said Friday, evidence that a U.N.-backed deal is working to export Ukrainian grain that has been trapped by Russia's invasion.

The three ships are loaded with over 58,000 tons of corn. Much of the grain that Ukraine exports is used as animal feed, experts say.

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Association of Banks in Lebanon announces strike on Monday

The Association of Banks in Lebanon has announced a strike starting Monday, as it said in a statement that banks can no longer bear harmful and populist measures against them.

The Banks Association decried the arrest of the Chairman of Creditbank, stressing that banks should not be blamed for the economic situation.

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Morocco's petro-PM faces heat over soaring fuel prices

Morocco's Prime Minister Aziz Akhannouch, a billionaire petrol baron, is facing a growing online campaign demanding he step down as fuel prices -- and energy firms' profits -- surge.

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Ship Ukraine says is carrying stolen grain leaves Lebanon

A Syrian ship that Ukraine says is carrying stolen Ukrainian grain has left a Lebanese port after officials in Lebanon allowed it to sail following an investigation, Lebanon's transport minister tweeted on Thursday.

The Syrian-flagged Laodicea had been anchored at the port of Tripoli since it arrived last Thursday, carrying 10,000 tons of wheat flour and barley. Ukraine says the grain was stolen by Russia, a claim it denies.

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