UK -Rising global demand has sent the price of bread wheat up by 26.7 per cent in the past year while other costs continue to increase including fuel for transport and gas used in baking ovens. Some of this will be absorbed by retailers but higher price tags on supermarket shelves are unavoidable. Pasta prices have already started to rise in recent weeks with more increases likely and, globally, food prices are now at a ten year high. https://www.mirror.co.uk/news/uk-news/bread-prices-could-soar-20-25513644

Iran's second-largest airline -- Mahan Air -- said it had been hit by a cyberattack, the latest of several targeting the company. "Mahan Air's computer system has suffered a new attack,". "It has already been the target on several occasions due to its important position in the country's aviation industry." All of its flights were on schedule, the statement added, but the company's website was down. https://www.enca.com/business/irans-mahan-air-says-hit-cyberattack

Winter weather in the northern hemisphere is the biggest wild card for natural gas prices in the next few months. A colder than normal winter could propel prices higher as the tight European gas market will become even tighter, impacting prices elsewhere, especially in Asia. If Asia’s winter is also colder than usual, high prices are on the cards, driving up additional U.S. LNG exports because of the lower Henry Hub prices compared to the benchmarks in Europe and Asia. https://oilprice.com/Energy/Energy-General/Prepare-For-Volatility-In-Natural-Gas-Markets.html

Cash is going to disappear, a senior Bank of England official said as he backed the creation of a state digital currency. A CBDC could perform the same role as cash without requiring consumers and businesses to handle the bulk of paper bills. "On the downside, there will be a hit to banks," Mr Cunliffe said. "If people move their deposits into CBDC there will be a hit to banks, and banks will have to adjust. http://a.msn.com/00/en-gb/AAR0xVh?ocid=st

The Indian government still seeks to ban most cryptocurrencies under a long-awaited cryptocurrencies bill submitted for consideration at Parliament’s so-called Winter Session. The bill, which would create a framework for a central bank digital currency (CBDC) by the Reserve Bank of India (RBI), seeks to ban all private cryptocurrencies except for “certain exceptions to promote the underlying technology of cryptocurrencies and its uses.” https://www.coindesk.com/business/2021/11/23/indian-govt-submits-bill-that-would-ban-most-cryptocurrencies-dashing-hopes-for-friendlier-measure/

European natural gas futures rose on Tuesday after the U.S. imposed its latest sanctions aimed at Russia’s Nord Stream 2 pipeline, a move the Kremlin says is “illegal.” Crude’s rise, in response to plans by the U.S. and other oil-consuming nations to tap their strategic reserves, also gave natural gas prices an extra boost. https://www.bloomberg.com/news/articles/2021-11-23/europe-gas-prices-gain-as-u-s-sanctions-pressure-russia

Denmark - Wind turbine maker Vestas Wind Systems A/S has been struck by a cyberattack that resulted in the theft of data. Vestas said in a statement today that it had discovered a “cybersecurity incident” on Nov. 19. The company added that it has since worked with external partners to contain the situation and re-establish the integrity of its information technology systems. Preliminary findings are said to indicate that the attack affected parts of Vestas’ internal infrastructure and that data had been compromised. https://siliconangle.com/2021/11/22/data-stolen-hack-wind-turbine-maker-vestas/

Paris wheat futures rose to new record peaks on Tuesday, while Chicago wheat consolidated near a nine-year high, as quality risks in Australia's harvest and a deterioration in U.S. growing conditions kept attention on tightening global supplies. "There is no end in sight to the price rally in the near future," Commerzbank said of wheat, citing factors including harvest rain in Australia, flood disruption to Canadian exports and the prospect of rising export taxes in Russia. In Australia, heavy rains in eastern regions are threatening to damage crops, adding to quality concerns after early harvest results in the west showed disappointing protein content. Dry conditions in some U.S. winter wheat belts have also fuelled early worries about next year's harvests. https://www.nasdaq.com/articles/grains-paris-wheat-sets-new-record-highs-as-traders-fret-on-world-supplies

Philippines- Personal data of some 22,000 customers of S&R Membership Shopping (similar to Amazon) may have been compromised following a cyber-attack on the company’s security system. S&R’s disclosure and confirmation from their data protection officer (DPO), credit cards and other financial information were not among the compromised personal data. https://mb.com.ph/2021/11/24/s-data-may-be-compromised/

A consortium of roughly 70 Japanese firms, including the country's three mega-banks, said it aims to launch a yen-based digital currency in fiscal 2022 after beginning trials in coming months. The digital currency, tentatively called "DCJPY", will be backed by bank deposits and use a common platform to speed up large-scale fund transfers and settlement among companies. "A digital currency system built on a bank deposit-backed common platform will fit the CBDC that could be planned and implemented" in Japan. https://www.usnews.com/news/technology/articles/2021-11-23/consortium-of-japan-firms-to-test-launch-digital-currency-nikkei

Columbia - The price of internal coffee cargo of 125 kilograms continues to skyrocket and is on track to continue breaking all-time highs. The domestic price rose 4.7% over one day, a new record since 2003, the year in which the Federation began to record cargo prices. So far this year, the price of internal cargo has increased 103.3%, that is, about $ 1.1 million, since at the beginning of 2021 the cargo cost $ 1.06 million. https://today.in-24.com/News/635480.html

Classification society Bureau Veritas (BV) has taken its servers offline following a cyberattack at the weekend. Bureau Veritas is a company specialized in the testing, inspection and certification founded in 1828. “A preventive decision has been made to temporarily take our servers and data offline to protect our clients and the company while further investigations and corrective measures are in progress,” https://www.seatrade-maritime.com/technology/bv-hit-cyberattack-takes-servers-offline

Bank of England (BoE) officials have said that if a central bank digital currency (CBDC) was introduced, 20% of deposits could move out of the commercial banking system as a result. He also said banks could potentially lose a revenue stream from payments as a result of its implementation. Banks are healthy and competitive, they will adjust to this change. https://finance.yahoo.com/news/bank-of-england-digital-currency-cbdc-andrew-bailey-160929525.html

A global shortage of nitrogen fertilizer is driving prices to record levels, prompting North America's farmers to delay purchases and raising the risk of a spring scramble to apply the crop nutrient before planting season. The Texas Arctic Blast in February and Hurricane Ida in August disrupted U.S. fertilizer production. Then, prices of natural gas, a key input in producing nitrogen, soared in Europe due to high demand and low supplies. Global urea prices this month topped $1,000 per tonne for the first time, https://finance.yahoo.com/news/fertilizer-shortage-may-lead-spring-062826693.html

TURKEY - Turks may not earn their wages in foreign currency but their currency is melting like ice on a summer day and prices increase by the week. A bottle of wine I bought the day before had increased by 15%. It is hard to keep up. "I cannot reflect the 10% increase from this morning on the chicken and cheese I use in my sandwiches. https://news.sky.com/story/wine-up-15-in-a-day-chicken-by-10-the-price-we-are-paying-for-turkeys-currency-collapse-12477649

UK - Bulb, Britain's seventh biggest energy supplier, has formally entered into administration - becoming the biggest victim so far of the crisis in the industry and leaving taxpayers with a £1.7bn bill. The process is being adopted because Bulb is regarded as too big to be handled in the same way as the more than 20 smaller rivals that have already succumbed since the start of September as surging wholesale gas prices put their finances under strain. https://news.sky.com/story/collapse-of-britains-seventh-biggest-energy-firm-bulb-confirmed-leaving-taxpayers-to-take-the-strain-12477266

Europe's first cold spell of the heating season has arrived, pressuring power prices higher as freezing temperatures ushers in increased power demand to heat building structures across the central-west region. German day-ahead power prices jumped to the second-highest level ever, 273.89 euros per megawatt-hour. Day-ahead power prices are also higher in France and Netherlands. https://www.zerohedge.com/weather/german-power-prices-soar-arctic-blast-brings-snow

Central Banks currency devaluation worldwide through increasing M1 supply and low interest rates along with various forms of QE is leading to massive inflation rates.

"A combination of diverse factors-new Covid epicentres, labour shortages, supply chain disruptions, political instabilities, natural calamities, energy crisis, etc is leading to the current price spikes across several agricultural commodities. Rising costs of common expenses like sea freight and energy, labour and raw material shortages, are responsible for the price rallies seen in staple agricultural commodities like soybean, corn, cotton, sugar, coffee, wheat, and palm oil." https://economictimes.indiatimes.com/small-biz/sme-sector/inflation-fears-corn-cotton-soybean-prices-surge-as-commodities-continue-relentless-rise/articleshow/87905060.cms

Several government websites in Iran have been hacked, with calls for the death of the Supreme Leader posted all over them, as well as support for the country’s opposition group. The websites were flooded with the message “Death to Khamenei – greetings to Rajavi” https://www.rt.com/news/541402-iran-hacked-websites-death-khamenei/

Europe is at risk of power outages this winter due to insufficient gas reserves and over the long-term, oil could rise above $100 a barrel, the chief executive of commodity trading giant Trafigura said. "We haven't got enough gas at the moment quite frankly, we're not storing for the winter period. So hence there's a real concern that there's a potential if we have a cold winter that we could have rolling blackouts in Europe," https://www.reuters.com/business/energy/trafigura-ceo-weir-sees-very-very-tight-oil-market-2021-11-16/

The Bank of Canada should issue a central bank digital currency that can be converted into a “loonie,” the colloquial term of the Canadian dollar, as cryptocurrencies grow in popularity. “Canadian-dollar-linked stablecoins could become attractive to Canadians by making them convertible into cash issued by the Bank of Canada https://www.yahoo.com/now/canada-needs-loonie-linked-digital-182143060.html