Wheat price heading for biggest jump in two months as Iran war threatens to drive food security higher – business live

Rolling coverage of the latest economic and financial news Cuts to overseas aid will worsen shocks to global economy, David Miliband says Cuts to overseas aid by countries including the US and the UK risk stoking global economic instability amid the humanitarian crisis resulting from the Iran war, David Miliband has told my colleague Richard Partington . The former British foreign secretary and head of the International Rescue Committee (IRC) said the US “abandoning” of its aid programme under Donald Trump would worsen shocks to the global economy that would impact poor and wealthy countries alike. “An untended humanitarian crisis is an incubator of political instability. We are in a more connected world than ever before. “The Iran war shows how connected we are, but the connections go the other way [from poor to rich countries], too.” Continue reading...

Go to News Site