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Europe displaces Asia as growth driver of LNG demand, as it looks to replace Russian gas supply, while Asian demand falls due to high spot rates; gas storage in the EU is now 40% full compared to 26% on April 1, according to Gas Infrastructure Europe

UK coatings companies tend to report increased operating costs due to Brexit, while 39.5% report exports to the EU had decreased; other common Brexit-related issues include logistics availability and costs: British Coatings Federation

Bloomberg: Past four years have seen a growing series of obstacles to strong trade relations, such as tariffs, pandemic and war-related sanctions; in long run, deglobalization to 1990 levels would lead to world becoming 3.5% poorer versus current scenario

Moody's: Emerging economies to face 'tough terrain' for next few quarters due to Russia-Ukraine war; nearly 30% rated non-financial companies in emerging markets would face heightened credit risks in worst-case scenario where war triggers global recession

World wheat stocks for 2022-2023 season expected to drop to a six-year low of 267 million tonnes, hindered by Russia’s invasion of Ukraine and extreme weather hampering growing conditions in key regions, according to USDA projections

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