In 2021, the cost of a monthly food basket per family increased by 351% in Lebanon, by 97% in Syria and 81% in Yemen

Arab News.

Samsung Display intends to completely stop the unprofitable production of liquid crystal panels (LCD) for TVs as early as next month - 30 years after their release. "Samsung Display will stop supplying LCD panels in June," The Korea Herald reported, citing a source close to the supply of the panels.

The long-announced phase-out of LCDs will come as LCD prices continue to fall. This resulted in significant losses for Samsung Display, while Chinese competitors consolidated their market dominance through government subsidies and tax breaks. LCD is considered a legacy technology compared to OLED and QLED. According to Omdia, the price of 43-inch panels fell by 46% from September 2021 to May 2021, while 55- and 65-inch panels fell by 34% over the same period.

Samsung, once the world's largest supplier of LCD TV panels, has reduced its market share to 22% in 2014 and to 2% this year.

The number of farms in the European Union has fallen by a third over the past twenty years, from 15 million to 10 million, according to a report by the European Parliament think tank on May 28, according to the Dutch portal Nieuwe Oogst.

Over the next twenty years, that number could drop further, to about four million. In particular, small farms less than 5 hectares in Central and Eastern Europe will disappear.

It is emphasized that in some EU countries most of the farms have no more than 5 hectares of land. Thus, 85% of the 3.6 million farms in Romania are small.

According to the forecast of the European Parliament, agricultural production in the EU countries will be concentrated on a smaller number of large farms. The researchers note that the general trend is the consolidation and intensification, as well as the loss of family and traditional farms.

Europe cannot avoid constant price hikes - Vice President of the European Commission

European Commission Executive Vice President Margrethe Vestager said in an interview with Handelsblatt that Europeans will have to put up with permanent price increases.

“A significant part of European industry relies on ultra-cheap energy from Russia, super-cheap Chinese labor and highly subsidized semiconductors from Taiwan. Europe knew about these risks, but showed only greed,” says Vestager.

Nice