Price of major food staple spikes 50% in EU

Olive oil costs across the bloc have been on the rise since mid-2023, according to Eurostat Olive oil prices have skyrocketed across the EU over the past year amid unfavorable weather conditions, which have harmed harvests. According to data from Eurostat, the bloc’s statistics office, costs spiked by 50% in annual terms in January.

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Ankara calls for ‘local ceasefires’ in Ukraine

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Moscow and New Delhi in talks over free trade deal

India and Russia are holding discussions on a free trade deal to boost their growing economic ties, the countries’ foreign ministers announced on Monday at a business dialog meeting in New Delhi. According to Indian Minister of External Affairs Subrahmanyam Jaishankar, New Delhi is in “advance agreement” on a trade deal, which Russian Trade and…

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