To address and mitigate further impacts on global food security and surge in prices triggered by the Russian blockade of Black Sea ports, the G7 Summit pledged an additional $4.5 billion. More than half of it - $2.76 billion - will come from the United States.
The leaders of the world's seven major economies called on countries and companies with large food stockpiles to contribute to the global food basket.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.