- Ukraine is suing Hungary, Poland, and Slovakia over grain imports, claiming duty-free influx is spoiling the market.
- These countries argue that the duty-free import of Ukrainian produce has caused havoc in their own markets.
- The EU temporarily banned the sale or storage of certain Ukrainian produce in these countries, but Hungary, Poland, and Slovakia have extended the measures.
- The three countries introduced their own restrictions on grain imports after the embargo ended, sparking a violation of international obligations.
- The dispute puts Hungary, Poland, and Slovakia on a collision course with the European Commission and threatens collective efforts to preserve global food security.
Central banks around the world are pausing tightening campaigns as inflation eases and economies slow. Inflation-targeting regimes are keeping their own houses in order, while the US Fed's key inflation gauges fell to the slowest annual paces since late 2021.
Two massive earthquakes on Monday have devastated cities and towns across Turkey and Syria, with death toll of over 16,000. This is one of the worst natural disasters this century, alongside the 2004 Sumatran Tsunami, 2010 Haiti earthquake and 2008 Cyclone Nargis.
A raft of U.S. data and European inflation numbers will give guidance on how the world's top central banks will navigate the way ahead, including the hotly debated "no landing" scenario. Reports on U.S. durable goods orders, home prices, manufacturing and consumer confidence threaten to cement expec