Argentina is rolling out a temporary, subsidized exchange rate for wine and other agriculture products in an elaborate bid to boost exports and foreign reserves as the worst drought in a century exacerbates a looming recession.

Shortly after the outbreak of Moscow’s invasion of Ukraine, a wave of foreign companies left Russia. Most Western crop traders stayed put while touting the importance of their role in keeping grain flowing from the vital Black Sea breadbasket.

Japan said it will expand restrictions on exports of 23 types of leading-edge chipmaking technology, as the US ratchets up efforts to limit China’s access to key semiconductor knowhow.

US Trade Representative Katherine Tai slammed China for weaponizing trade against partner countries, the Biden administration’s latest criticism of the world’s biggest manufacturing power.

In the span of just two days, the future of Western grain traders in Russia has been quickly rewritten.

The UK will join an 11-nation Indo-Pacific free-trade bloc, becoming the first new member since its creation, in a bid to strengthen economic ties with new partners following divorce from the European Union.