Exchange prices for Arabica coffee rose to the highest since 2014. Prices are rising amid abnormal frosts in Brazil, the world's biggest coffee supplier, which followed a severe drought. The extreme weather affected about 11% of crops in the country. The value of Arabica coffee futures in trading on the Intercontinental Exchange exceeded $2 per pound, rising to the highest since October 2014....

Analysts have ranked the world's best airlines for passenger safety and comfort. This year, an important criterion was the carriers' response to the global coronavirus pandemic. First place went to Qatar Airways, previously ranked only ninth. The first place in the ranking of the best airlines went to Qatar Airways, the Qatari carrier. The company managed to achieve the first position thanks to...

UN Secretary-General António Guterres has called climate change and political conflict both a consequence and a major cause of poverty, income inequality and high food prices around the world, the Associated Press quoted the Portuguese politician as saying. Guterres said three a healthy diet is currently unaffordable to one billion people. In July, the UN reported that 161 million more people...

The world's biggest brewers Anheuser-Busch InBev and Heineken have bet on non-alcoholic beverages to restore sales after the pandemic. According to Reuters, the makers plan to support the growing trend towards healthier lifestyles with a new generation of "zero-alcohol" beers. According to Euromonitor International, global non-alcoholic beer sales fell 4.6 per cent ($11.6 billion) in 2020 due to...

The cryptocurrency exchange Binance will stop trading in tokenized stocks, that is, blockchain records that are linked to real securities. It is no longer possible to buy such assets on Binance, and users have been given three months to get rid of them. Global regulators have been wary of trading in digital equity derivatives. Major cryptocurrency exchange Binance will stop supporting tokenized...

Demand growth is already far outstripping production growth, according to a report by the International Energy Agency (IEA). Global oil demand rose by 3.2m bpd to 96.8m bpd in June, according to a July report from the International Energy Agency. Next year's increase could be 5.4m bpd. Year to year demand grew by 11.8m bpd in the second quarter of 2021. In the second half of the year, it could...

International portfolio managers are becoming less optimistic about the future of the global economy. A July survey of portfolio managers conducted by Bank of America (BofA) analysts indicates a deterioration in investors' expectations regarding the prospects of the global economy. The survey involved 270 portfolio managers managing $805bn in assets.  According to the survey, the number of...

The price of Arabica coffee in June reached the highest since 2016, with coffee futures rising by tens of per cent in three months. Among the reasons for the rise are the drought in Brazil, protests in Colombia and sharply increased shipping costs. So far, the price increase has not been passed on to consumers, but it could happen soon, experts warned. Global coffee prices are rising and the...

Gas sellers made over $11 billion in five days during the abnormal cold weather in Texas in February 2021. Bloomberg came to this conclusion after studying interviews with energy company executives and financial reports. For example, Energy Transfer, an oil and gas transportation and storage company, posted its highest quarterly profit ever, more than tripling the result of its previous best...