EU seeks to halve use of pesticides, heal nature with landmark laws

BRUSSELS, June 22 (Reuters) – The European Commission proposed on Wednesday legally binding targets to half the use of chemical pesticides and restore nature across the EU, in an attempt to better protect health and recover plunging wildlife populations. European Union environment policy chief Virginijus Sinkevicius told Reuters the proposal on repairing habitats would require … Read more

US and Marshall Islands seek economic assistance deal this year

WASHINGTON, June 17 (Reuters) – The United States and the Marshall Islands agreed to try to reach a deal on US economic assistance this year, a statement seen by Reuters on Friday showed, a sign of momentum in talks as Washington worries about China’s expanding Pacific influence. Joseph Yun, US special envoy for Compact of … Read more

US gasoline average price tops $5 per gallon in historic first

June 11 (Reuters) – The price of US gasoline averaged more than $5 a gallon for the first time on Saturday, data from the AAA showed, extending a surge in fuel costs that is driving rising inflation. The national average price for regular unleaded gas rose to $5.004 a gallon on June 11 from $4.986 … Read more

Explainer: Why India holds the key to global rice market outlook

MUMBAI/NEW DELHI, June 10 (Reuters) – India’s surprise decision to ban wheat exports has raised concerns about potential curbs on rice exports as well, prompting rice traders to step up purchases and place atypical orders for longer-d deliveries. Government and trade officials have said India, the world’s largest exporter of rice, does not plan to … Read more

Exclusive: India considers curbing fridge imports to boost local industry

A customer with his family is seen at an electronics and appliances shop in Jaipur, India, October 20, 2020. Picture taken October 20, 2020. REUTERS/Anushree Fadnavis Register now for FREE unlimited access to Register NEW DELHI, June 9 (Reuters) – India is considering restricting imports of refrigerators to promote local manufacturing, two industry sources … Read more

Draft Indonesia renewable bills proposes coal-based fuels as ‘new energy’

A heavy machinery unload coal from barges into trucks to be distributed, at the Karya Citra Nusantara port in North Jakarta, Indonesia, January 13, 2022. Picture taken with a drone. REUTERS/Willy Kurniawan Register now for FREE unlimited access to Register JAKARTA, June 8 (Reuters) – Environmental experts on Wednesday slammed an Indonesian parliamentary proposal … Read more

Risk of delay to carbon market reforms after surprise EU vote

EU lawmakers reject proposal to upgrade carbon market Risks delay to upgrade of EU’s core climate policy Split over whether to boost or weaken other measures War, inflation loom over climate vote outcomes BRUSSELS, June 8 (Reuters) – The European Parliament on Wednesday rejected a proposal to upgrade the European Union’s carbon market, an unexpected … Read more

Yellen says inflation to stay high, Biden likely to up forecast

WASHINGTON, June 7 (Reuters) – US Treasury Secretary Janet Yellen told senators on Tuesday that she expected inflation to remain high and the Biden administration would likely increase the 4.7% inflation for forecast this year in its budget proposal. During a Senate Finance Committee hearing, Yellen said that the United States was dealing with “unacceptable … Read more

Exclusive: US will allow two companies to ship Venezuelan oil to Europe

HOUSTON/WASHINGTON, June 5 (Reuters) – Italian oil company Eni SpA and Spain’s Repsol SA could begin shipping Venezuelan oil to Europe as soon as next month to make up for Russian crude, five people familiar with the matter said, resuming oil-for -debt swaps halted two years ago when Washington stepped up sanctions on Venezuela. The … Read more