World food prices down by a fifth on 2022: UN

13 Sept 11:10 Key points summarised by AI

Global food prices have fallen 20.5% since March 2022, marking the twelfth consecutive monthly decline, according to UN data.
This significant drop is attributed to ample supplies, subdued import demand, and the extension of the Black Sea Grain Initiative, facilitating crucial Ukrainian exports.
Specific declines include international wheat prices sliding 7.1% due to strong global output and maize prices dropping 4.6% following a record Brazilian harvest.
Despite the overall decrease, food remains "very high" in domestic markets, particularly impacting developing countries struggling with imports and weak currencies, posing ongoing food security challenges.

Nationwide crackdown launched on illegal nominee shareholders and land holdings

Today 15:20 Key points summarised by AI

Thailand's Prime Minister Anutin Charnvirakul initiated a nationwide crackdown on illegal Thai nominee shareholders in foreign-run businesses and land holdings to safeguard national interests.
The government will integrate efforts across all relevant agencies to target illicit foreign operations, forced sales of illegally acquired property, and high-risk land ownership schemes.
Key strategies include auditing suspect land and building holdings, establishing a long-term monitoring system, and cross-referencing data from various authorities to trace ultimate beneficial owners.
Prime Minister Anutin emphasized that no influential figures or corrupt officials are above the law, promising straightforward prosecution, asset seizures, and protection for enforcing officers.
Beyond land ownership, the integrated crackdown will also extend to tackle transnational crimes, including drug and human trafficking.