In poorer nations, where the public has low faith in the macroeconomic policy of the nation, people may choose to use the easy-to-use digital currency instead of relying on the local fiat currency.
“That means that that country no longer has monetary sovereignty,”. https://www.cnbctv18.com/economy/digital-dollar-may-threaten-monetary-sovereignty-of-poor-nations-says-former-rbi-guv-raghuram-rajan-11192962.htm

India has turned a major wheat supplier for countries in South Asia and the Indian Ocean Region, mainly West Asia, as prices in the global market have surged near eight-year high. https://www.thehindubusinessline.com/economy/agri-business/india-turns-major-wheat-supplier-in-south-west-asia-as-global-prices-soar/article37148638.ece

In the last three days, the Information Services company responsible for the system for issuing green certificates has reported one of the largest cyberattacks against Bulgaria. https://bnr.bg/en/post/101545853/bulgaria-s-green-certificate-system-under-huge-cyberattack

Israel has become the latest country to unveil plans to develop a central bank digital currency (CBDC). While no country is yet to officially announce the use of a CBDC for transactions, great strides are being made to achieve this in the near future ans a possibility of them being developed on the Ethereum network. https://insidebitcoins.com/news/bank-of-israel-joins-the-race-for-cbdc-development

US - "They're going to drop all promotions, they're going to have their main products, and prices are going up," he says. "I see over 10% in the next 60 days." Gristedes Supermarkets CEO John Catsimatidis claims grocery stores are going to try to "get ahead of the curve" in order to keep food on the shelves and costs as low as possible. https://www.yahoo.com/lifestyle/grocery-prices-spike-10-rest-101507924.html

USA- A group of national security agencies have issued an advisory for the potential of ransomware cyberattacks against two U.S. food and agriculture organizations. While the release doesn’t identify the targets, the agencies say the attack could be through BlackMatter ransomware, a tool that developers can profit from cybercriminal affiliates who deploy it. https://brownfieldagnews.com/news/national-security-agencies-issue-cyber-threat-advisory-for-food-and-ag-sector/

Russia -The Ministry of Agriculture stated that the export duty on Russia’s wheat will be raised from USD61.3 to USD67 per ton on October 27. Duties on corn will also be increased to USD49.7 per ton. https://menafn.com/1103028921/Russia-to-increase-wheat-export-duty-once-more-in-coming-week

Palm oil, the world's most consumed vegetable oil, surged to a new record high, spreading concerns about persistent global food inflation. Malaysia's palm oil futures soared more than 40% this year, while soybean oil is up more than 50%. Prices of canola oil are also at a record. https://www.zerohedge.com/commodities/edible-oil-prices-hit-record-high-food-inflation-treat-soars

Fitch Ratings showed that British consumer price index (CPI) will likely increase severely during the second half of this year because of rising worldwide energy and products values. CPI inflation will increase to 4.3 percent by the end of this year, rising from its last prediction of 3.4 percent in September. https://menafn.com/1103029696/UK-inflation-jumps-severely-within-increase-in-energy-products-values

UK - Tesco’s website and app have gone down due to a suspected hack. The outage, which left customers struggling to shop for groceries or track orders, began on Saturday morning and continued into Sunday. The supermarket giant said the problem was due to an attempt to “interfere” with its systems. https://www.independent.co.uk/business/tesco-website-attack-leaves-shoppers-unable-to-order-b1944337.html

Russian foreign exchange holdings grew by 0.8% over the week ending October 15, reaching $620.3 billion. The regulator says the country’s international reserves rose by $4.9 billion from October 8, as a result of positive revaluation as well as foreign currency purchases. The holdings of monetary gold increased by 0.14% last month to 73.9 million ounces (2,298.547 tons) as of October 1. https://www.rt.com/business/538086-russia-forex-reserves-growth/

A worldwide increase in wheat prices after bad harvests in Russia is forcing French bakers to raise the price of that staple of life in France - the baguette. Boulangeries around France have begun putting up signs warning their customers of an increase in the price of their favourite bread due to rising costs. https://www.thelocal.fr/20211025/baguette-prices-rise-in-france-after-poor-wheat-harvest/

Nigeria central bank digital currency (CBDC), the eNaira, has gone live after an official launch by President Muhammadu Buhari. “We have become the first country in Africa and one of the first in the world to introduce a digital currency to our citizens,” https://guardian.ng/news/nigeria-launches-enaira-digital-currency/

Microsoft, in a blog post dated Oct. 24, said Nobelium's latest wave targeted "resellers and other technology service providers" of cloud services. Those attacks were part of a broader campaign over the summer, Microsoft said, adding it had notified 609 customers between July 1 and Oct. 19 that they had been attacked. https://www.msn.com/en-ca/money/topstories/latest-russian-cyberattack-targeting-hundreds-of-us-networks-microsoft/ar-AAPVqhB

SPRING WHEAT surged to $10 a bushel for the first time since 2012 as hot and dry crop conditions from North America’s prairies to Russia’s Urals leaves the world short on grain. Prices climbed for the sixth straight week, the longest run of gains in more than two years, as a global appetite grows for wheat of all types. https://www.bworldonline.com/wheat-hits-new-highs-as-world-appetite-grows-supply-shrinks/

WTI crude hit the psychologically important $85 per barrel mark earlier on Monday—the highest the U.S. crude benchmark has traded since October 2014. The skyrocketing crude prices are largely the result of gas-to-oil switching amid a natural gas crisis in Europe and Asia. According to a note to clients from Goldman Sachs, it sees global crude oil demand could see a million barrel per day bump as the price of natural gas booms. The bank estimates that global oil demand has already passed the 99 million bpd mark, and will return to 100 million bpd with Asia’s demand rebounding. https://oilprice.com/Latest-Energy-News/World-News/WTI-Crude-Hits-Highest-Level-In-7-Years.html

A former Marine who conducted cyber missions for the U.S. told CNBC on Monday the threat of a cyberattack on the U.S. chain supply keeps him awake at night. David Kennedy, also the founder of cybersecurity companies TrustedSec and Binary Defense, said successful attacks may embolden adversarial nations. https://www.msn.com/en-us/news/other/ex-nsa-hacker-says-a-supply-chain-cyberattack-is-one-of-the-things-that-keeps-him-up-at-night/ar-AAPWqUv

Brazil - Consumer prices jumped 1.2% from the month prior, more than all estimates in a Bloomberg survey, the national statistics institute. It was the biggest increase for mid-October since 1995. Annual inflation accelerated to 10.34%. https://finance.yahoo.com/news/brazil-consumer-prices-blow-past-121203384.html

Iran - A cyberattack disrupted the sale of heavily subsidised gasoline in Iran, causing long lines at gas stations across the country weeks before the anniversary of 2019 street protests that followed fuel price hikes. https://www.usnews.com/news/top-news/articles/2021-10-26/iran-says-cyberattack-causes-widespread-disruption-at-gas-stations

Among the regions hardest hit by drought this year is the western third of the U.S., extending across the northern plains and Canadian Prairies, says Dale Mohler, AccuWeather senior meteorologist. “At one point, areas from the northern Rockies to the Dakotas were 10 [to] 15 inches behind normal” in rainfall — and in the far western and southwest U.S., the drought has been long term — just over a decade. https://www.msn.com/en-us/money/markets/e2-80-98weather-extremes-appear-to-be-increasing-e2-80-99-drought-conditions-send-oats-wheat-and-other-commodities-soaring/ar-AAPQ9Cc?pfr=1

Starting on Nov. 1, the ports will charge shipping companies that fall into one of two categories: containers scheduled to move by truck and containers moving by rail. In the case of containers scheduled to move by truck, shipping companies will be charged for every container that stays in marine terminals for nine days or longer. For those moving by rail, shipping companies will be charged if the container stays for three days or more. https://www.theepochtimes.com/shipping-companies-at-ports-of-los-angeles-and-long-beach-will-soon-be-fined-for-staying-too-long-in-marine-terminals_4071146.html?utm_source=partner&utm_campaign=ZeroHedge