Climate threat Food prices
Poor season for farmers could lead to higher food prices
Farmers across Europe are being pressured by a spring that has been drier than normal so far. This could ultimately lead to higher food prices, reports Bloomberg.
At present, there is much to suggest poor harvests of wheat and barley, for example, which are basic raw materials in bread and beer. In parts of France, around 30 percent of the harvest has been damaged.
– The conditions are very worrying, says meteorologist Andrew Pedrini.
The forecast calls for a period of heavy rain in Europe at the end of May, but it is likely to be short-term precipitation without any major effect on farmers.
Poor season for farmers could lead to higher food prices
Farmers across Europe are being pressured by a spring that has been drier than normal so far. This could ultimately lead to higher food prices, reports Bloomberg.
At present, there is much to suggest poor harvests of wheat and barley, for example, which are basic raw materials in bread and beer. In parts of France, around 30 percent of the harvest has been damaged.
– The conditions are very worrying, says meteorologist Andrew Pedrini.
The forecast calls for a period of heavy rain in Europe at the end of May, but it is likely to be short-term precipitation without any major effect on farmers.
Swedish interest rates
Economist poll: Riksbank to cut interest rates in June
The Riksbank will cut its key interest rate by 25 basis points in June. This is the prediction of a majority of the 24 economists in a recent Bloomberg survey.
The median forecast is that the key rate will land at 2 percent by the end of the year.
The options market, however, is more skeptical and instead believes in a cut first in September.
The Riksbank signaled earlier in May that it is leaning towards a cut rather than an increase as its next move.
Economist poll: Riksbank to cut interest rates in June
The Riksbank will cut its key interest rate by 25 basis points in June. This is the prediction of a majority of the 24 economists in a recent Bloomberg survey.
The median forecast is that the key rate will land at 2 percent by the end of the year.
The options market, however, is more skeptical and instead believes in a cut first in September.
The Riksbank signaled earlier in May that it is leaning towards a cut rather than an increase as its next move.
Volvo Cars' future
Source: New delays for Volvo Cars' electric car model
The production delays for Volvo Cars appear to be continuing even for the new electric car model EX60, DI learns.
Officially, the plan is for the EX60 to hit the market next year, without an exact launch date. But a source tells the newspaper that that plan appears to be falling through.
It has been known for some time that the larger EX90 will be delayed by up to three years, but the EX60 is not believed to be delayed that long.
But from within Volvo Cars, the lid is on it.
- That's not something I've heard, says press officer Kristin Boldemann Wester when DI asks about the delays for the EX60.
Source: New delays for Volvo Cars' electric car model
The production delays for Volvo Cars appear to be continuing even for the new electric car model EX60, DI learns.
Officially, the plan is for the EX60 to hit the market next year, without an exact launch date. But a source tells the newspaper that that plan appears to be falling through.
It has been known for some time that the larger EX90 will be delayed by up to three years, but the EX60 is not believed to be delayed that long.
But from within Volvo Cars, the lid is on it.
- That's not something I've heard, says press officer Kristin Boldemann Wester when DI asks about the delays for the EX60.
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