UN Food Agency Warns Millions Pushed Into Hunger By Prolonged Iran War

The UK's Latest "Debanking" Scandal Should Give Everyone Pause Authored by Nick Corbishley via NakedCapitalism.com, UK-based readers may recall the moment almost exactly three years ago when the word “debanking” entered the mainstream British English lexicon. The prestigious London-based private bank Coutts had just decided to close Nigel Farage’s bank account due to his unsavoury political views and alleged Russian connections. That decision turned out to be very costly. Almost immediately, Farage did what Farage does best: he whipped up a massive media frenzy. In next to no time two senior banking...

EU Commissioner Claims That Ukraine Is Gaining The Upper Hand On The Battlefield, In the Air, And At Sea Via Remix News, Ukraine is gaining the upper hand on the battlefield, in the air and at sea, while Ukrainian drones have stopped Russia’s ground advance and are causing serious disruptions to Russian logistics, EU Commissioner for Defense and Space Policy Andrius Kubilius said on Tuesday in Brussels. In his speech launching the European defense and security summit, the commissioner pointed out that Ukrainian drones can paralyze the supply of the Russian army...

UBS Warns America's Restaurants Locked In "Difficult Cycle" As Tax-Refund Sugar-High Fades There is certainly a growing consensus on Wall Street that the tax-refund sugar high is fading just as consumers' financial profiles deteriorate. The latest read-through comes from UBS analyst Dennis Geiger, the bank's U.S. restaurants equity research analyst, who warns that a toxic cocktail of macro pressures is likely to crimp restaurant spending in the second half of the year. Geiger warned in a note that elevated gas prices at the pump appear to be offsetting tax-rebate benefits, while...