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Business Jun 06, 2026

Turkiye and Indonesia Discuss $10bn Trade Goal

Turkish Foreign Minister Hakan Fidan and Indonesian President Prabowo Subianto held a productive me…
The Meeting Between Turkiye and Indonesia Turkish Foreign Minister Hakan Fidan and Indonesian President Prabowo Subianto have held an “extremely productive” meeting in Jakarta as the two countries aim to reach a bilateral trade volume target of $10bn, according to Turkiye’s top diplomat. Key Areas of Cooperation The two sides discussed expanding cooperation across a range of sectors, including defence, energy, transportation, and the halal food industry, Fidan said on X on Wednesday. Defence Energy Transportation Halal food industry The $10bn Trade Goal Fidan said the two countries also “thoroughly evaluated” projects aimed at reaching a bilateral trade volume target of $10bn. The target was agreed in April last year, when the leaders of the two countries pledged to deepen ties and pursue “new breakthroughs” in bilateral cooperation. Other Issues Discussed For his part, Prabowo expressed appreciation for Turkiye’s support in the repatriation of nine Indonesian citizens who had been abducted by Israel. The two sides also exchanged views on developments in the Middle East, with particular attention to Iran and Palestine. “As fellow countries in the Global South, Indonesia and Turkiye share the view that regional stability should be maintained through dialogue, diplomacy, and the peaceful resolution of disputes,” a statement from Indonesia’s presidency said.
#Turkiye #Indonesia #Hakan Fidan
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Economy Jun 05, 2026

Iran's Inflation Hits 80-Year High as Economic Crisis Deepens

Iran's inflation has reached its highest level since World War II, with annual inflation hitting 77…
The Lead Tehran, Iran – In the popular Bastan market in the west of the Iranian capital, where the inviting smell of fresh bread and fruit mingle with the sight of colourful fabrics and clothing, the scene no longer holds its usual joy. Passersby wander among the vendors' stalls, carefully turning goods over only to return them to their places. Everyday Survival in a Hyperinflation Economy "Daily shopping trips have turned into something resembling a reconnaissance mission to find out the new prices," says Mashhadi Firouz, a 63-year-old retiree. "A year ago, a kilo of rice was about 1.8 million rials ($1.31), but today it has crossed the 5-million-rial ($3.63) threshold." Similarly, a bottle of cooking oil has increased from 700,000 rials ($0.51) to more than 3 million rials ($2.18). Fatima, 46, a housewife and mother of three, explains: "I now go to the market three times a week instead of once, not because I need anything, but to see if there is a seller who has goods at a lower price." She adds, "Red meat has become a dream, chicken has become a mere guest on our table, and I have even started counting eggs one by one." The Economic Statistics Behind the Crisis A new report by the Central Bank of Iran revealed a historic jump in the annual inflation rate, reaching 77.2 percent year-on-year in the period between April 21 and May 20, with a monthly increase of 8.5 percent. Furthermore, point-to-point inflation for goods reached 113 percent. This is Iran's highest inflation rate since 1942, during World War II. The Perfect Economic Storm Arman Khaleghi, head of Iran's Chamber of Commerce, Industries and Mines, points to what he describes as a "perfect economic storm" of five factors that have all poured down simultaneously on the Iranian economy. These include: the elimination of the preferential currency, protests at the beginning of the year, the [US-Israeli] "Ramadan War," annual increases in wages and energy prices, and finally the naval blockade that hindered import and export chains. War's Impact on Consumer Behavior "With the outbreak of the war, people rushed to hoard basic goods, such as food and detergents," explains Khaleghi. "Demand jumped despite there being no real shortage in the markets, and this feverish rush alone is enough to drive up prices." The damage inflicted on primary industries, led by petrochemicals, has driven up packaging costs for the food, pharmaceutical and detergent industries, transmitting the contagion of inflation from the factory to the store shelf. The Maritime Blockade's Effect The maritime blockade has made travelling to Iran a perilous mission for cargo ships. "Even the mere news of a ship being targeted immediately raises prices, let alone the existence of actual difficulties and palpable shortages that have forced the search for more expensive alternative land routes," states Khaleghi. The Wage Paradox "The decision to raise wages and salaries was intended to compensate for the effects of the removal of the preferential currency rate and to preserve the purchasing power of the working class," explains Khaleghi. "However, the increase, which seemed substantial on paper, proved entirely insufficient in reality. The result is a sharp decline in real purchasing power, which begins by devouring household savings, then preys on health, medical, and education budgets, until it ultimately impacts daily sustenance." The Vicious Cycle of Economic Decline Khaleghi warns of a vicious cycle closing in on the economy: "We are in a situation where the state itself is bearing the brunt of the economic slowdown. Tax revenues, which were supposed to offset part of the cost of the preferential currency reforms, are also shrinking. Thus, we are faced with an impossible equation: the citizen's income is melting away, the state's income is eroding, and prices continue to soar to heights unseen in decades." Standing on the Edge of an Economic Iceberg "You would think the market is alive, but it is clinically dead," says Reza, 47, a shop owner. "People come here because the market is the last free place for entertainment. They wander aimlessly, remembering the days when they used to enter shopping malls and leave with bags that filled their car trunks." Mahmoud, 37, a lecturer at a private university, offers a historical perspective: "The country used to cover its wounds with petrodollars, and now that the effect of the anaesthetic has worn off, all the ailments have surfaced at once." He adds, "What worries me is not just the price hikes, but the experts' estimates of the consequences of flawed economic policies that have not yet emerged, because they have effectively hidden behind the noise of the war. This means we are standing on the edge of an iceberg; what we see now is only the tip."
#Iran #Inflation #Economy
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Science Jun 05, 2026

Ancient Yeast Revives Sourdough: Scientists Bake Bread from 5,000‑Year‑Old Mummy

Scientists have baked a sourdough loaf using yeast recovered from the 5,000‑year‑old mummy Ötzi, pr…
Breakthrough: Baking Sourdough with 5,000‑Year‑Old YeastScientists have successfully baked a sourdough loaf using yeast strains isolated from the 5,000‑year‑old Alpine mummy known as Ötzi the Iceman. The experiment demonstrates that ancient microorganisms can still perform modern fermentation processes.How the Ancient Yeast Was Extracted and TestedResearchers from Eurac Research's Institute for Mummy Studies carefully sampled the microbial layer on Ötzi’s skin and clothing, then cultured the yeast under cold‑room conditions before introducing it into a standard sourdough starter.Source: Ötzi’s preserved remains, discovered 1991 near the Italy‑Austria border.Age of yeast: ~5,000 years.Lead microbiologist: Mohamed Sarhan.Fermentation time: dough rose in 24 hours, comparable to modern baker’s yeast.Scientific Metrics: Fermentation Times and ViabilityThe ancient yeast produced a normal rise within 24 hours, indicating viable metabolic activity despite millennia of dormancy. No quantitative yield data were released, but the rapid leavening suggests comparable enzymatic efficiency to contemporary strains.Implications for Food Science and ArchaeologyThis result bridges paleomicrobiology and culinary science, offering a tangible link to prehistoric food practices. It also opens avenues for studying ancient microbial genetics, which could reveal lost fermentation traits.Next Steps: Brewing Beer and Expanding Ancient Microbe ResearchThe team plans to collaborate with German brewer Weihenstephan to test the yeast’s suitability for beer production. Further investigations will assess the genetic profile of the strain and explore other potential applications in food and biotechnology.
#Ötzi #Ancient Yeast #Sourdough
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World Wide Jun 05, 2026

War on Iran Threatens Millions with Hunger

The World Food Programme (WFP) warns that the ongoing war on Iran is pushing millions towards hunge…
The Looming Hunger Crisis in Iran The World Food Programme (WFP) has issued a stark warning that the ongoing conflict in Iran is driving millions of people towards hunger. The situation is dire, with the WFP highlighting the urgent need for humanitarian assistance to mitigate the impact of the war on civilians. Exacerbating Humanitarian Needs The war on Iran has significantly exacerbated existing humanitarian needs, pushing millions to the brink of hunger. The WFP's concerns underscore the devastating consequences of prolonged conflict on civilian populations, particularly in terms of food security. Urgent Call for Assistance The WFP's warning emphasizes the critical need for immediate and sustained humanitarian assistance to address the growing hunger crisis in Iran. The international community faces a pressing imperative to act swiftly to prevent a catastrophic escalation of hunger and malnutrition among the Iranian population. Humanitarian Impact The humanitarian impact of the war on Iran is multifaceted, with the WFP's data indicating a sharp increase in the number of people facing severe food insecurity. This situation calls for a concerted international effort to provide emergency food assistance and support to those most affected. Future Outlook Looking ahead, the WFP and other humanitarian organizations will likely continue to sound the alarm on the hunger crisis in Iran, advocating for sustained international support to address the immediate and long-term needs of the affected population. The situation remains fluid, with the potential for further deterioration in food security unless concerted action is taken.
#Iran #WFP #Hunger Crisis
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Business Jun 05, 2026

Asda Chair Allan Leighton Defies Critics with Turnaround Strategy Against Aldi Threat

Veteran retail boss Allan Leighton is leading Asda's second turnaround in his career, implementing …
The Asda Turnaround Challenge"It's not bloody inevitable," that Asda will be overtaken by Aldi as the UK's third biggest supermarket, roars Allan Leighton, the veteran retail boss who returned to lead the business after 20 years in November 2024. Leighton is attempting to defy the critics and revive Asda for the second time in his career, despite grocery sales and market share continuing to fall according to industry data.The Market Position and Aldi ThreatWith 580 supermarkets, 517 convenience stores and four stand-alone George outlets, Asda faces significant challenges. In terms of market share, its rival Aldi is now less than one percentage point away from overtaking Asda, where sales and profits have dived since a debt-fuelled £6.8bn takeover in early 2021 by Blackburn's billionaire Issa brothers and the private equity company TDR Capital.The Technology TransformationLeighton admits that "Project Future" – the transfer of Asda's technology from former owner Walmart's systems to its own at an estimated cost of close to £1bn – left gaps on shelves and put plans six months behind schedule. The IT is now "stable," he says, with only smaller jobs to do, availability has improved dramatically and a new deal with Ocado will help modernize Asda's online business from next year.The Competitive Differentiation Strategy"We are more than a supermarket. Everybody thinks we are a supermarket, we are not. Almost 50% of our business does not come from food," Leighton emphasizes. He argues that where Asda can win is through its scale in clothing and general merchandise, which competitors cannot match. "Nobody else can do things the way we do it. We are trying to accentuate that," he says.The Four Pillars of Asda's FutureAsda has four cornerstones according to Leighton – superstores, the George brand, fuel and convenience stores, with online being the future. "We can be the online discounter," he states. Rejecting speculation about selling Asda's Express convenience store chain or merging with Sainsbury's or Morrisons, Leighton focuses on "just be better today than we were yesterday." He claims prices are now between 4% and 7% cheaper than other traditional supermarkets – Tesco, Sainsbury's and Morrisons.The Consumer and Economic ChallengesLeighton acknowledges that "the consumer's confidence is shot" and inflation on food is building again. "We've seen bits of it beginning to come through now," he says. All retailers are under pressure from rising labour, energy and regulatory costs as well as a squeeze on household spare cash. However, Leighton remains optimistic: "If we get it right, then we've got more ammo than anybody else."
#Asda #Allan Leighton #Aldi
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World Wide Jun 05, 2026

UN Warns US‑Iran Conflict Could Push Millions into Hunger

The United Nations World Food Programme says the US‑Iran war is inflating oil prices and triggering…
UN Warns US‑Iran Conflict Threatens Global Food SecurityThe United Nations World Food Programme (WFP) released an analysis on 5 June 2026 warning that the ongoing US‑Iran war is driving oil prices upward and creating “profound implications” for worldwide food security.Escalating Conflict Drives Oil Prices and Food‑Price PressuresSince the war began on 28 February, the near‑closure of the Strait of Hormuz has disrupted oil shipments, pushing crude toward the $100 a barrel mark. While the FAO Food Price Index shows only a modest rise, the ripple effect on fuel‑dependent economies is already evident.Projected Hunger Numbers Reveal Millions at Risk45 million people could face acute food shortages if oil stays at $100/barrel by the end of June.In Somalia, an estimated 6.5 million people – about one‑third of the population – are expected to experience severe hunger in 2026.Afghanistan could see 17.4 million people affected, with up to 2.3 million newly food‑insecure.Sri Lanka faces a risk of 1.3 million people unable to meet basic food needs.Additional 2.5 million in both Somalia and Afghanistan may be unable to afford a basic food basket.Spillover Effects on Fragile Nations and Humanitarian FundingThe WFP notes that higher fuel costs, food‑price spikes, income losses and trade disruptions are converging with pre‑existing vulnerabilities, amplifying food‑security shocks. The global humanitarian system is also under a “double squeeze” as delivery costs rise, forcing the agency to cut its 2026 assistance target by 1.5 million people.If the conflict endures for six months, more than 9 million people could lose aid, driven by soaring operational expenses and local food‑price inflation.Outlook: Potential Humanitarian Gap if Hostilities PersistWith indirect negotiations stalled and no clear end‑date in sight, the WFP warns that continued conflict will deepen food‑insecurity gaps across the most vulnerable regions. Policymakers and donors are urged to address both the immediate price shock and the longer‑term funding shortfall to prevent a widening humanitarian crisis.
#United Nations #World Food Programme #US‑Iran war
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Politics Jun 05, 2026

US Raises Pressure on Cuba with New Sanctions Targeting President Diaz‑Canel

The United States Treasury announced fresh sanctions against Cuban President Miguel Diaz‑Canel, his…
Washington unveiled a new package of sanctions on Miguel Diaz‑Canel and close relatives, as well as the Cuban Ministry of the Revolutionary Armed Forces and the Committees for the Defense of the Revolution. The measures, posted on the U.S. Treasury website on June 5, 2026, are part of a broader strategy to increase pressure on the communist‑led island, which is already suffering from severe energy blackouts and food shortages. Sanctions Unveiled: Targeting Cuba’s Leadership and Military Apparatus The Treasury’s action names the president’s wife, stepson, and relatives of former leader Raúl Castro—including his son and grandson—as designated individuals. It also places the Ministry of the Revolutionary Armed Forces, the Cuban military, and the Committees for the Defense of the Revolution (CDR) on the sanctions list, effectively freezing any U.S. assets and prohibiting American entities from conducting transactions with them. Quantifying the Economic Strain: Blackouts, Fuel Shortages, and Aid Dependence Diesel shortages have forced generators to run on limited fuel since January, producing power outages of up to 22 hours per day. Water and food supplies are critically low, prompting reliance on humanitarian shipments from Mexico and China. The U.S. naval energy blockade, intensified alongside the sanctions, has exacerbated the island’s energy crisis. Geopolitical Ripple Effects: U.S.–Cuba Relations and Regional Tensions President Donald Trump framed the sanctions as part of a broader campaign against left‑wing governments in the Americas, linking the Cuba pressure to his ongoing focus on Iran. Cuban officials, including Foreign Minister Bruno Rodríguez, denounced the measures as “vile” U.S. interventionism, promising heightened unity and resolve. The escalation risks further destabilizing an already fragile bilateral relationship and could influence neighboring countries’ diplomatic calculations. Looking Ahead: Potential Scenarios for Cuba and U.S. Policy Analysts warn that continued energy blockades and financial isolation could push Cuba toward a humanitarian collapse, prompting either increased international aid or a forced policy shift in Havana. Conversely, the U.S. may leverage the sanctions to extract concessions on human‑rights issues or to pressure Cuba into renegotiating the decades‑old trade embargo. The next few months will likely determine whether the island can sustain its current crisis or whether Washington will consider additional diplomatic or military options.
#Miguel Diaz-Canel #Donald Trump #US sanctions
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Environment Jun 05, 2026

The Surging Cost of Protein: Global Meat Consumption Trends

A new UN report reveals that global meat consumption has quadrupled since 1961, with poultry leadin…
The Surging Cost of Protein: Global Meat Consumption TrendsThe global dietary landscape has undergone a seismic shift over the last six decades, with meat consumption soaring to unprecedented levels. A comprehensive UN report highlights that the average person now consumes six times more chicken than their grandparents did, signaling a fundamental change in global food systems that carries profound environmental consequences.The Evolution of Global Protein DietsData from the Food and Agriculture Organization (FAO) illustrates a dramatic divergence in dietary habits compared to 1961:Poultry: Supply rose from below 3kg per person to 17kg per person.Pork: Supply doubled to 15kg per person.Beef: Supply remained steady at 9kg per person.Total Meat: Global supply rose from 25kg to 47kg per person.Despite the rise in poultry and pork, beef remains the most polluting food source, yet its consumption has plateaued.Quantifying the Environmental TollAgriculture is now the second most polluting sector of the global economy, and its impact is accelerating. The FAO forecasts a 7.6% rise in planet-heating emissions over the next decade, with livestock accounting for 80% of this increase. Additionally, the report highlights inefficiency, noting that approximately 14% of meat and milk is lost during production or wasted after reaching consumers.Inequality and the Climate MandateThe report exposes a stark regional divide in access to animal products. While high-income nations maintain high consumption levels, low- and middle-income countries face affordability constraints. However, scientists criticize the FAO's approach, arguing that the report fails to recommend reduced meat consumption in wealthy nations, despite the IPCC identifying plant-rich diets as a critical tool for cutting emissions.Navigating the Trade-offs of Animal AgricultureLooking ahead, the focus is shifting toward technological solutions rather than consumption reduction. FAO officials argue that existing technologies and innovations can significantly reduce emissions from livestock production. The challenge for policymakers is balancing the nutritional benefits of animal-source foods with the urgent need to mitigate environmental damage.
#UN #FAO #Climate Change
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Environment Jun 05, 2026

The Plant-Based Paradox: Why Meat Still Dominates Despite Growing Alternatives

Despite growing environmental awareness, improved plant-based alternatives, and health concerns, me…
The Plant-Based Paradox: Growing Alternatives vs. Meat Dominance Should I tuck into a juicy steak or stick a tofu patty in a bun and call it a burger? Twenty years ago, that question was largely seen as a moral dilemma influenced by grim conditions in factory farms and slaughterhouses. Back then, animal rights activists were the loudest campaigners arguing for people to abstain from meat. They had limited success because vegetarians and vegans made up less than 5% of the population in rich countries – and the best fake meats were bland replicas of real flesh. The word flexitarian had not yet made it into the dictionary. The debate has shifted sharply. The pollution from animal agriculture, which makes up 12-20% of planet-heating gas, is now part of public discourse around eating meat. A dramatic rise in rates of obesity and diseases linked to red meat have made health concerns part of individual decisions to eat less of it. Meanwhile, some plant-based alternatives have improved in texture and taste to the point where even meat lovers struggle to tell that they did not come from an animal. The Rise of Plant-Based Alternatives: Market Transformation In one sense, there is a powerful story of personal action to tell. The tiny market share of vegetarians in the early 2000s provided the demand that companies needed to invest in making substitutes taste better. These alternatives are now helping meat eaters reduce their intake – an easier sell than convincing people to give it up entirely. Add that to a growing awareness about the environmental harm that livestock cause, and a rise in public support for stopping climate breakdown, and you have the ingredients for what could be a major societal shift away from damaging levels of meat-eating. Early signs of the trend are visible in countries such as Germany, a sausage-hungry nation where about one in 10 people are vegan or vegetarian and a further 37% describe themselves as flexitarian. Plant-based alternatives have become so common that a third of the population buy them regularly, a government survey found in November, and discount supermarkets have launched their own brands. Village cafes in far-right regions seem perfectly happy to serve oat milk with coffee. The Meat Consumption Data: Global Trends and Statistics The broader picture, though, is still dominated by animals. Data in a new report from the UN's Food and Agriculture Organisation suggests the average person eats six times as much chicken and twice as much pork as their grandparents did, with global meat supply having risen fourfold in the last 60 years. Much of the growth has taken place in poor countries in which better access to meat has helped counter hunger and malnutrition. But consumption is projected to keep rising, albeit at a slower rate, even in rich countries, where climate scientists and doctors recommend cutting down. Livestock are expected to contribute the vast majority of the projected 7.6% rise in global agricultural emissions over the next decade, at a time when global emissions from other parts of the economy, such as electricity generation, are set to fall. Industry Resistance and Consumer Behavior Patterns It is too early to tell whether the backlash signals a reversal or stalling of efforts to shift diets toward plants. In the UK, YouGov data shows the proportion of people who are vegetarians and vegans peaked in 2021 at 10% and has since fallen to 7%, while survey data in many other European countries suggests little change or even continued growth. The meat industry, meanwhile, is working hard to safeguard its dominance. In March, EU politicians voted to ban meaty names such as steak and bacon for plant-based alternatives. In the US, the "Make America Healthy Again" campaign from the Trump administration has enthusiastically promoted eating more meat, including many cow products such as beef tallow, going against medical advice. The pro-meat movement may also benefit from the protein obsession that has gripped rich countries, as well as growing fears about the health risks of ultra-processed food. Doctors are sceptical of the former – protein deficiencies in rich countries are rare, unlike fibre deficiencies – while there is little evidence to say much about the health impacts of processed plant-based products compared with processed meat ones. Future Outlook: Environmental and Health Implications The calculation is made more concerning by the indirect health impacts of meat-heavy diets, which stretch well beyond the risks to the person following them. Knock-on effects from the livestock industry range from stronger extreme weather events caused by climate breakdown to antimicrobial resistance that spreads superbugs. On Wednesday, an FAO report found that the use of antibiotics on livestock would rise by nearly a third in the next 15 years without government intervention, with potentially disastrous consequences for protection from disease. Health research is full of contradictory studies, and some advocates of meat-free diets have made sweeping claims that are not supported by the science. But what is clear, at a population level, is that people in rich countries are eating more meat and fewer plants than doctors consider healthy. And at a global level, the environmental harm from animal agriculture is likely to rise at a time when the planet needs it to fall.
#Plant-based diets #Meat consumption #Environmental impact
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