India cited threats to food security and rising prices as reasons behind the policy U-turn. Global buyers had turned to India for wheat supplies after Russia's war on Ukraine disrupted agriculture markets.

Up to 300 ships have been stopped by Russian forces from departing the Black Sea, leaving one of the key global trade routes for grain virtually blocked. The fertile region is known as "the world's breadbasket."

AstraZeneca jabs are in the middle of a EU-UK row yet again after Brussels threatened to ban exports of the vaccine.

Italy's blocking of coronavirus jabs from being shipped to Australia was not necessarily a "one-off," European Commission chief Ursula von der Leyen says. She blames AstraZeneca for failing to meet its delivery targets.

The Greens have filed a parliamentary motion urging the government to stop uranium exports and to stand up against what they see as "an attempted nuclear renaissance in Europe." Their chances are slim, at least for now.

The Trump administration is due to release, this week, its list of Chinese exports it plans to hit with new tariffs as the president steps up hit trade war rhetoric. He hinted that the trade talk planned for the next month in Washington could be called off. And as trade tensions worsen, Chinese policymakers are holding back from unleashing monetary stimulus. The PBOC has signaled that the targeted approach to shoring up growth will continue.

Chinese exports to the US unexpectedly rose in May, despite US tariffs. Imports dropped sharply as economists look to a weak year for the Asian giant's economy.

German exports have seen the biggest month-on-month fall in a year. Brexit worries, trade conflicts and lower demand globally have played a role in the drop.