Global Food Prices Hit Three-Year High As War, Chokepoint Chaos And El Nino Spark Perfect Storm

Delivery Hero Confirms Uber's Takeover Bid In Push For Global Food-Delivery Empire Summary: Delivery Hero Confirms 33 Euro Takeover Bid  Uber Speculation of Delivery Hero Takeover  Uber Builds Large Stake in Delivery Hero  Delivery Hero Confirms Takeover Bid  Delivery Hero has confirmed that Uber has proposed buying the German food delivery company for 33 euros per share, in line with earlier takeover reports. Following today’s press publication, Delivery Hero SE confirms that Uber Technologies, Inc. reached out with an indicative proposal of €33 per share in respect of a potential takeover offer to all shareholders of...

Ukrainian Drone Hits Moscow Luxury Tower, Miles From Kremlin A Ukrainian one-way attack drone struck a high-rise apartment building in Moscow in the early hours of Monday, causing no reported casualties and only limited damage. The strike occurred just miles from the Kremlin, highlighting Ukraine's long-range drone strike capabilities. The New York Times reports that the drone strike comes five days before Russia's May 9 Victory Day parade, which has already been scaled back due to the growing drone threat. Moscow Mayor Sergei Sobyanin said there were no casualties, but footage posted...

Trump "Close" To Ordering "Massive Attack Greater Than Anything Before" On Iran Summary Trump escalates warnings of "massive attack": Trump threatened to hold Iran responsible for future Houthi attacks and said he is "close" to ordering a massive new strike (Axios interview). Houthis escalate: The Houthis threatened Saudi Aramco after attacking two Saudi oil tankers and expanding their blockade of Saudi shipping. Oil jumps: Brent crude climbed back above $100 as Red Sea and Hormuz shipping disruptions intensified. Rubio says no talks are happening: Rubio said Iran is "begging for a deal" while warning Tehran will continue to "pay a very heavy price." Overnight tit-for-tat persists: The US carried out a 12th straight night of strikes on Iran as Bahrain, Jordan, and Kuwait reported fresh Iranian missile and drone attacks. Will the...