Foreign News
World Food Prices Drop for 5th Consecutive Month – FAO

The UN Food and Agriculture Organisation (FAO) has reported that world food prices have fallen for a fifth consecutive month but are still nearly eight per cent higher than a year ago.
FAO, in its latest Food Price Index published on Friday, showed that the prices of five commodities – cereals, vegetable oil, dairy, meat and sugar – were lower in August than in July.
The Index tracks the monthly international prices of these breadbasket staples.
It averaged 138.0 points in August, down nearly two per cent from July, though 7.9 per cent above the value a year before.The UN food agency said the decline in cereal prices reflected improved production prospects in North America and Russia, and the resumption of exports from Black Sea ports in Ukraine.
A landmark agreement to unblock Ukraine grain exports amid the ongoing war was signed in July by the country, Russia, Turkey and the UN.
The price of rice was stable on the average in August, while quotations for coarse grains, such as maize, increased marginally.
Vegetable oil prices decreased by 3.3 per cent, which is slightly below the August 2021 level.
FAO attributed this to increased availability of palm oil from Indonesia, due to lower export taxes, and the resumption of sunflower oil shipments from Ukraine.
Although dairy prices saw a two per cent drop, they remained 23.5 per cent higher than in August 2021.
The price of cheese increased for the tenth consecutive month, though milk prices “eased” following expectations of increased supplies from New Zealand, even amid projections of lower production in Western Europe and the US.
The price of meat declined by 1.5 per cent but remained just over eight per cent higher than the value last August.
International quotations for poultry fell amid elevated export availabilities, and bovine meat prices declined due to weak domestic demand in some top exporting countries, while pig meat quotations rose.
Sugar prices also hit their lowest level since July 2021, largely due to high export caps in India and lower ethanol prices in Brazil.
FAO has also issued its global cereal production forecast for this year, which projects a decline of nearly 40 million tonnes, or 1.4 per cent from the previous year.
The bulk of this decline mainly concerns coarse grains, with maize yields in Europe expected to drop 16 per cent below their five-year average level due to the exceptional hot and dry weather conditions affecting the continent.
By contrast, FAO expects there will be a “negligible drop” in worldwide wheat production resulting from expected record harvests in Russia and conducive weather conditions in North America.
Global rice production is also expected to decline by 2.1 per cent from the all-time high reached in 2021. (NAN)
Foreign News
Philippine President Calls for Resignation of All Cabinet Secretaries

Philippine President Ferdinand Marcos Jr. has asked all of his Cabinet secretaries to submit their resignations on Thursday in what he called a “bold reset” of his administration following last week’s mid-term elections.
The elections saw more opposition candidates win crucial Senate seats, signaling shifting political tides.
Marcos, the 67-year-old son of the late Philippine dictator overthrown in 1986, won the presidency in a landslide in 2022, a stunning political comeback marked by a call for national unity.
However, his vice-presidential running mate, Sara Duterte, also widely popular, later distanced herself from Marcos in a falling-out that had sparked intense political discord.
Marcos had since emerged as one of the region’s most vocal critics of China’s aggression in the disputed South China Sea, bolstered by support from the United States and other allies. Domestically, he continued to face significant challenges, including high inflation, unfulfilled promises to lower rice prices, and growing concerns over kidnappings and other crimes.
“This is not business as usual,” Marcos said in a government statement.
“The people have spoken and they expect results, not politics, not excuses. We hear them and we will act.” (AP/NAN)
Foreign News
Pakistan Blames India for School Bus Attack That Killed 5

Three children and two adults were killed in a blast on Wednesday that targeted a school bus in south-western Pakistan, with Islamabad blaming India for the attack.
Terrorists targeted the bus in the city of Khuzdar, in the restive province of Balochistan, as it took students to a military-run school, Balochistan Chief Minister Sarfraz Bugti said.
Preliminary findings suggested that it was not a suicide attack, he said at a press conference.
The dead included three young girls who were students of grades 6, 7 and 10. More than 40 students were wounded, many of them said to be suffering severe wounds.
Bugti said that his government had intelligence reports that Indian National Security Advisor Ajit Doval was planning something in Balochistan but did not expect him to target innocent children.
“After facing a humiliating defeat on the battlefield, India has resorted to despicable and cowardly acts,” the media wing of Pakistan’s military said in a statement.
“Planners, abettors and executors of this cowardly Indian sponsored attack will be hunted down and brought to justice and heinous face of India will be exposed in front of the entire world,” the statement added.
Prime Minister Shehbaz Sharif will make an emergency visit to the province where he would be briefed on the attack by terrorists, allegedly backed by India, said a statement issued by his office.
The Baloch Liberation Army (BLA), a rebel group fighting for the independence of the region from Pakistan, earlier claimed it targeted the bus, but said it was transporting the soldiers.
Islamabad claims that the BLA is backed by India.
Violence orchestrated by sub-nationalist rebels has surged in Balochistan, a region that borders both Afghanistan and Iran, and is a hub of Chinese investment and connectivity projects.
Earlier this month, India and Pakistan carried out tit-for-tat drone, missile and airstrikes targeting each other’s military installations and airbases.
The nuclear-armed rivals agreed to the ceasefire on May 10 but continue to accuse each other for terror incidents. (dpa/NAN)
Foreign News
Thousands Protest in Pakistan After Drone Strike Kills 4 Children

Thousands of people in north-west Pakistan on Tuesday blocked a highway by placing the coffins of four children who were killed by a suspected drone strike.
The protests in the Mir Ali area of North Waziristan region began earlier on Monday after a family home was hit, local resident Mohamed Jamal Dawar said.
It is not clear who was behind the incident.
Local activist Zahid Wazir said the drone was operated by the Pakistani military.
He said the home was likely mistaken as a hideout used by Islamist militants.
Pakistani intelligence officials said the explosives were fired by a quadcopter that was being operated by the Taliban militants to target a nearby military post, but that it missed the target.
An independent verification was not possible as the region is inaccessible to outsiders.
Activists of a local rights group, the Pashtun Tahafuz Movement, which is against the militarisation of the region by both the military and the Pakistani Taliban, vowed to continue the protest.
“We will continue to demand justice for our kids,” Wazir said.
The Pakistani military and Islamist militants have been fighting each other in the region for more than two decades.
More than 80,000 Pakistanis, an overwhelming majority of civilians, have lost their lives in years of violence. (dpa/NAN)