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Briefs: Ukraine President Zelensky says shortage of foodstuff will 'inexorably' lead to political chaos

The Edge Singapore
The Edge Singapore6/17/2022 12:30 AM GMT+08  • 7 min read
Briefs: Ukraine President Zelensky says shortage of foodstuff will 'inexorably' lead to political chaos
Singapore's Marina Bay Sands in the background and the Merlion in the right foreground. Photo: Bloomberg
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Quoteworthy: "The shortage of foodstuff will inexorably lead to political chaos, which can result in the falling of many governments and the ousting of many politicians," — Ukrainian President Volodymyr Zelensky speaking at the IISS Shangri-La Dialogue 2022 on June 11

Fed announced largest rate hike in 28 years, more to come

The US Federal Reserve (Fed), on June 15, raised interest rates by 75 basis points — the biggest increase since 1994 — and Chair Jerome Powell signalled another big move next month, intensifying a fight to contain rampant inflation.

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