TUVs can be created from any Smart Phone or Pre-Smart Mobile Phone, and then used for transfers, payments or other transactions worldwide between Members on the WM System. Their value can also be converted to and among any of the world’s Reserve Currencies. http://koreabizwire.com/globally-valid-multicurrency-cbdc-released-for-all-countries/199885

Ida disrupted grain and soybean shipments from the Gulf Coast, which accounts for about 60% of U.S. exports, at a time global crop supplies are tight and demand from China is strong. Now, the storm's ripple effects are hampering production and movement of some fertilizers and crop chemicals ahead of U.S. harvest. This is straining an agricultural and food supply chain already battered by trade and logistics delays during the pandemic. Rising input costs threaten the incomes of farmers who had banked on booming profits this year, as crop prices soared to the highest in nearly a decade, after years of stagnating around break-even levels. https://www.msn.com/en-us/news/us/us-farmers-face-supply-shortages-higher-costs-after-hurricane-ida/ar-AAOHaGm

Green Energy is a small-sized energy retailer with 250,000 customers. Blas said the company folded Wednesday and is the sixth one to do so. There was no mention on which larger firm would acquire Green Energy's customer base. There's a growing risk that a bankruptcy wave of power providers is nearing as several small firms stopped accepting new customers Tuesday amid a worsening energy crisis. https://www.zerohedge.com/commodities/uk-power-suppliers-halt-adding-new-customers-energy-crisis-worsens

UK -Oil company BP plans to restrict deliveries of petrol and diesel to its network of British service stations to ensure continuity of supply in the face of a driver shortage. https://www.msn.com/en-gb/news/uknews/bp-to-restrict-uk-petrol-station-deliveries-due-to-driver-shortage-itv/ar-AAOJUDp

The port complex of Los Angeles and Long Beach, which moves 40 percent of containers in the US, currently has 62 cargo ships waiting to enter the port. The backup was brought on by a combination of it being peak shipping period and a pandemic-induced buying boom and labor shortage. The ports serve as the entry point for a third of imports to the US, and are the main import point for goods coming from China https://www.dailymail.co.uk/news/article-10021705/Massive-backlog-62-container-ships-LA-port-Americans-buying-strength.html

Beef, pork, and chicken in US cold storage warehouses have yet to recover from pandemic lows and could continue to support higher prices. New United States Department of Agriculture (USDA) data shows beef reserves dropped 7.7% from a year ago in August, poultry supplies fell 20%, and pork plunged 44% to their lowest levels since 2017, https://www.zerohedge.com/commodities/us-meat-prices-remain-elevated-amid-depleted-reserves

Another European fertilizer producer, Borealis AG, is reducing output and more are expected to follow as surging natural gas prices squeeze profit margins in an industry already facing tight supply. Ammonia is used to make nitrogen fertilizers, and prices are spiking as manufacturers grapple with dramatically higher costs for their main feedstock. That means added pressure on farmers. https://www.bloombergquint.com/onweb/europe-s-fertilizer-crisis-spreads-as-another-firm-cuts-output

More than 81 countries are exploring CBDCs according to The Atlantic Council, a Washington-based think tank, tracks the progress of various CBDC projects throughout the world. At least 5 Caribbean nations have already launched a digital currency, and 14 others are in the pilot phase with the central bank of Bhutan announcing most recently that they will partner with the cryptocurrency Ripple (XRP). https://www.aol.com/finance/chinas-crypto-ban-puts-spotlight-110054513.html

UK - Turkey farmers are reporting a surge in orders as families scramble to save Christmas dinner amid fears of a poultry shortage. There have been unprecedented numbers of orders for turkey, with most high-end farms reporting soaring demand compared to this time last year. https://www.msn.com/en-gb/money/other/turkey-farmers-see-250-25-surge-in-orders-amid-christmas-dinner-panic/ar-AAOQ10f?pfr=1

UK - A chilled food distributor used by Asda and Sainsbury's has gone bust threatening 400 jobs.. EVCL Chill, which delivers chilled food to the supermarket giants, has been put into administration amid a shortage of truck drivers. https://www.mirror.co.uk/news/uk-news/asda-sainsburys-food-distributor-goes-25074478

Canada's two largest railways may run out of grain to move and face revenue challenges in the coming year as the domestic grain crop is expected to decrease 37 per cent due to drought conditions across the Prairies despite a slight improvement in August. https://www.msn.com/en-ca/news/weather/canadian-railways-could-run-out-of-grain-to-transport-due-to-drought-analyst/ar-AAOMAMt

China once again warned of the impact of skyrocketing energy prices on fertilizer supplies and signaled concern that food security could be affected. The global fertilizer market is on a tear due to extreme weather, plant shutdowns and government sanctions, hitting farmers already buckling under the strain of rising costs and stoking fears that food inflation could worsen. https://finance.yahoo.com/news/china-warns-food-security-energy-035319350.html

Falling temperatures in the UK and in parts of the rest of Europe, as well as falling supply from Russia via the Yamal-Europe, pushed gas prices higher. The benchmark natural gas prices in the UK and Europe jumped by another 10 percent to fresh record highs on Tuesday as energy commodities rally amid multi-year-low European gas inventories ahead of the winter season. https://oilprice.com/Energy/Natural-Gas/Europes-Natural-Gas-Prices-Surge-10-To-Fresh-Record-Highs.html

Corn and wheat rebounded on the CME as ripple effects from soaring fertilizer prices threatens to squeeze already tight grain supplies. Higher crop-nutrient costs worldwide -- spurred by energy crises in Europe and China -- could cause farmers to switch from wheat to other less fertilizer-intensive plants, adding pressure on already tight stockpiles https://www.bloomberg.com/news/articles/2021-09-29/grains-rebound-with-fertilizer-price-surge-threatening-supply

The Bank of England and the UK Treasury department said Wednesday that PayPal, Amazon and Visa will be among the corporate representatives participating in two advisory groups that are exploring a possible central bank digital currency. https://www.msn.com/en-us/money/other/paypal-and-visa-are-among-the-companies-that-will-help-the-bank-of-england-work-on-a-uk-digital-currency/ar-AAOY0W6?pfr=1

European gas futures surged to a record for a fourth consecutive day, as supplies remained stubbornly low. Meanwhile, year-ahead German and France power prices also reached new highs. With just two days before the region’s official heating season starts, concerns remain over flows from Russia after a colder and longer winter depleted the continent’s stockpiles to the lowest in more than a decade for this time of the year. https://www.bloombergquint.com/business/european-gas-rises-again-as-countdown-to-heating-season-begins

North Carolina USA- Bandwidth, a growing global provider of communications services such as 911 access to a host of tech giants, is “fully operational” again after being hit by a cyber attack that affected numerous services. The attack triggered an apology from Bandwidth’s CEO. Bandwidth’s customers include Microsoft, Google, Zoom and many others that utilize internet-based services in Bandwidth’s product portfolio. https://www.wraltechwire.com/2021/09/29/raleigh-based-communications-provider-bandwidth-hit-by-cyberattack-ceo-apologizes/

Metal consumers in China, from appliance makers to auto, construction and solar panel firms, are readying themselves to face potential supply shocks after power curbs and shortages forced several smelters to cut production in recent weeks. https://www.reuters.com/world/china/chinas-metal-consumers-feel-supply-sting-forced-power-cuts-2021-09-29/

A coalition of unions that represent shipping workers around the world has warned of an imminent 'global transport systems collapse'. The warning comes as supply-chain backlogs leave scores of cargo ships idling outside US ports, exacerbating shortages caused by a national truck driver shortage that threatens to derail the Christmas shopping season. 'We are witnessing unprecedented disruptions and global delays and shortages on essential goods including electronics, food, fuel and medical supplies,' the shipping workers warned. https://www.dailymail.co.uk/news/article-10044311/International-shipping-workers-warn-global-transport-systems-collapse.html

The hyperinflation in European gas and electricity prices is getting more surreal by the day. Two days after we said that European natural gas and power prices hit escape velocity after Russia unexpectedly cut supplies, prices jumped to records, signaling the supply shortage will only get worse just as the cold winter season starts. https://www.zerohedge.com/markets/european-gas-power-hyperinflation-getting-more-surreal-day

Visa has released a whitepaper for the Universal Payment Channels, a “hub-and-spoke” model for interoperability among various distributed ledger technologies. Visa has suggested that central bank digital currencies (CBDC) and stablecoins should be interoperable. https://finance.yahoo.com/news/visa-publishes-whitepaper-cbdc-stablecoin-081416285.html