Thursday at the U.S.-Africa Leaders Summit, President Joe Biden announced an additional $2.5 billion in emergency aid and medium to long-term food security assistance for resilient African food systems and supply markets.
President Biden also launched a new strategic partnership on food security between the United States and the African Union.
Biden said his administration remains committed to responding to humanitarian needs and providing lifesaving assistance in response to the historic food security crisis in Africa, while also investing in medium- and long-term resilient food systems and supply markets.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.