“Siberia’s Scorching Summer Sends Coffee Prices Soaring to Record Highs, Blaming Climate Change”
Hot weather in Siberia increases global coffee prices by 18.1% as temperature rises to 48°C in coffee-growing regions. Robusta coffee price surges by 40% due to Vietnam’s production, reaching a 45-year high in May. Climate change issues are blamed for the price hike.
Turkey Takes Aim at Chinese Car Imports: Imposes 40% Tariffs to Level the Playing Field
Turkey to impose 40% higher customs duties on imported cars from China, with prices starting at $7000. Chinese cars hold 7.8% share of Turkish auto market. Chery emerges as leading brand with 20,782 sales in 2024.
“Bitcoin Rockets to New High, Hits $70,000 Before Slight Dip: CoinDesk”
Bitcoin hits new all-time high of $70,000 in crypto market, per CoinDesk data cited by RT. However, price dips to $68,600. Latest updates on NEWS.am.
“Food and Non-Alcoholic Beverage Prices Surge by 4.8% in One Year: Statistical Committee Report Reveals”
According to a recent report, the prices of food and non-alcoholic beverages in the country increased by 4.8% in December 2022 and 2023. The highest increase was seen in the city of Gyumri. Meat, poultry, fish, dairy products, and bread also saw price increases. Lamb, beef, fruits, and vegetables, on the other hand, saw price decreases. The sugar and confectionery industry experienced an increase, while tea, coffee, alcoholic beverages, and tobacco products had mixed changes. Indian spices, salt, oil, sugar, flour, and honey also saw price increases. Margarine, vegetable oil, fish, dried fruits, nuts, chocolate, and candy had mixed price changes. Sunflower oil and pastries saw price decreases.
“Latest Fuel Fiasco: Italian Gasoline Prices Soar Amidst Strained Relations”
Italian gasoline prices spike amid deteriorating relations, with Brent futures up 12% at $80.10. Meanwhile, WTI futures increase by 10 cents. Stay updated with NEWS.am.