Exclusive: US aid cuts leave food for millions mouldering in storage
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Diverging Reports Breakdown
Rubio meets top Turkey, Ukraine officials ahead of war talks
The Daily Observer is published by Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka. Editor: Iqbal Sobhan Chowdhury.
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Market elation trumps brewing stagflation
U.S. consumer sentiment is lowest since 1980 and one-year inflation expectations are highest since 1981. Consumers are spooked by President Donald Trump’s trade war and fear tariffs will push up prices, forcing them to curtail spending. If this soft data filters into the hard data, the economy could be in the grip of ‘stagflation’ later this year. The S&P 500 and Nasdaq rallied 5% and 7%, respectively, to their highest in two months, and the Nasdaq is up 30% since April 7. The Dow’s rebound means it has recouped its ‘Liberation Day’ losses and is now flat for the year. This week threw up some big data surprises – unexpectedly strong UK GDP growth in the first quarter, weaker-than-expected GDP in Japan. The MSCI World index has risen in 17 of the last 19 sessions, and safe-haven gold fell 4%, its steepest weekly loss this year, to its worst week since November. It’s hard to believe it’s been less than a week since the world’s two largest economies agreed to reduce reciprocal tariffs and put them on pause for 90 days.
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US aid cuts leave food for millions mouldering in storage
Food stocks have been stuck inside four US government warehouses since the decision by President Donald Trump’s administration in January to cut global aid programmes. Some stocks due to expire as early as July are likely to be destroyed, either by incineration, using them as animal feed or disposing of them in other ways.
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Ivanka Trump’s viral six-word message to Theo Von shows family’s new move
Ivanka Trump issued a viral six-word message to podcast host Theo Von. The 43-year-old hinted at her family’s next big political move after she spent several days with him in Miami this past week. Von hosts the podcast This Past Weekend w/ Theo Von, which is currently ranked fourth on Spotify’s podcast charts, right behind Club Random with Bill Maher, Huberman Lab in second and The Joe Rogan Experience at No. 1. The post racked up over 6.8 million views on X in the time it’s been up, with 44,000 likes and 1,200 comments in mere hours. The viral image features Von dining with Ivanka and her husband, Jared Kushner, at Casadonna, an Italian restaurant in Miami.
Source: Irishstar.com | Read full article
US aid cuts leave food for millions moldering in storage
Rations are in four USAID warehouses in Djibouti, South Africa, Dubai and Houston. Stocks due to expire as soon as July are likely to be incinerated or used as animal feed. The dismantling of USAID and cuts to humanitarian aid spending by President Donald Trump come as global hunger levels are rising due to conflict and climate change.Nearly two million people are gripped by catastrophic hunger and on the brink of famine, the WFP says, mostly in Gaza and Sudan, with pockets in South Sudan, Haiti and Mali. In Bauchi, Nigeria, children are already suffering because of the disrupted aid supplies.
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USAID funding cuts leave tons of food set to feed starving families in Gaza ‘molding’ in storage
USAID funding cuts leave tons of food set to feed starving families in Gaza ‘molding’ in storage. Food that is currently at risk of spoilage is being stored in warehouses in Houston, Texas, South Africa, Djibouti and Dubai, and is valued at over $98 million. The commodities are currently stuck in limbo, ‘wasting away’ in the warehouses after funding cuts from the Trump administration, led by Elon Musk’s DOGE squad. An analysis using figures from the World Food Program found that food could feed “over a million people for three months” The stranded supplies in the quartet of warehouses risk being ‘destroyed’ or repurposed as animal feed. A State Department team will step up to ensure the deliveries, but the team has not yet been put together. The U.S. government is the largest donor to global and health aid, and has prioritized health assistance within its foreign assistance activities more than other governments. It is also the largest contributor to international health programs.
Source: Irishstar.com | Read full article
Global Perspectives Summary
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Sources
- Rubio meets top Turkey, Ukraine officials ahead of war talks
- Market elation trumps brewing stagflation
- US aid cuts leave food for millions mouldering in storage
- Ivanka Trump’s viral six-word message to Theo Von shows family’s new move
- US aid cuts leave food for millions moldering in storage
- USAID funding cuts leave tons of food set to feed starving families in Gaza ‘molding’ in storage
Source: https://news.google.com/rss/articles/CBMilwFBVV95cUxNWVN3SEdtRERZRHBIaHlqRHlWREo3ODR0OFRfa2pJV2k5WnJWR185cjBHd1JyR0dkY0syc1MyZy0xbVJ3cTFQbkdueTd2d2hGc0JRV0tlM25nSWhMZ091eGw3RE5zSWJsYUxQUFBhRkV3bzRKZU0ycmMwOGtCazV6ZVZEX3czdVRscnBIb25pLTNnNG1KOXVR?oc=5