supply crisis

Ireland mulling cuts in supports for asylum seekers, Ukrainian refugees

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Ireland mulling cuts in supports for asylum seekers, Ukrainian refugees

Ireland is considering making cuts to state support for asylum seekers and refugees, including those from Ukraine, to align with other European countries. The number of asylum seekers in Ireland has increased significantly, making immigration a bigger political issue. Prime Minister Simon Harris is looking into welfare consistency, legal work, and housing contributions for refugees. Specifically, support for Ukrainian refugees arriving after mid-March was reduced to 38.80 euros per week with a 90-day limit on state housing.

Cocoa prices continue to rise

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Cocoa prices continue to rise

Cocoa prices have surged due to a supply crisis, with Ghana facing financial difficulties and struggling to secure funds for cocoa cultivation. Prices have risen by 60% in just one month and have more than doubled this year. The high cost of cocoa is expected to impact the price of chocolate, with Easter eggs already becoming more expensive. Speculators have exited the market, and there is a risk that the supply situation may worsen, especially with upcoming EU rules that may make it challenging for chocolate manufacturers to secure supplies. Attention is now on the upcoming mid-crop in West Africa, which is expected to shrink this season.