Türkiye’s trade minister says talks in U.S. boost path toward $100B trade target
Türkiye’s Trade Minister Omer Bolat said Friday that discussions in Washington with U.S. officials have strengthened efforts to expand bilateral tr...
EU delays anti-deforestation law to Dec 2025, easing trade concerns but sparking criticism over its green agenda setback.
European Union countries on Tuesday gave their final approval to delay the bloc's anti-deforestation law by 12 months, allowing the postponement to now pass into law, the Council of the EU said in a statement.
The sign-off from governments finalises a December 2025 start date for the EU's policy to ban the import of soy, beef, coffee, palm oil and other goods linked to the destruction of forests - which had originally been designed to apply this month.
The delay to the world-first deforestation policy is a blow to the EU's green agenda, which is facing pushback from industries and some governments that say EU measures to fight climate change are too onerous.
But it offers relief to companies and EU trading partners including the United States and Brazil, which oppose the policy and warn it will upend trade as many firms struggle to comply.
The EU law, initially due to take effect from Dec. 30, 2024, will require companies and traders also placing wood, cocoa, rubber and some derived products like chocolate and furniture onto the EU market to provide proof their supply chain does not contribute to deforestation, or face fines and potentially have their products turned away.
Companies exporting commodities from Europe would face the same obligations.
Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
Iran is preparing to host a multilateral regional meeting next week in a bid to mediate between Afghanistan and Pakistan.
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
The resignation of Bulgaria's government on Thursday (11 December) puts an end to an increasingly unpopular coalition but is likely to usher in a period of prolonged political instability on the eve of the Black Sea nation's entry into the euro zone.
An extratropical cyclone has caused widespread disruption across Brazil’s São Paulo state, with powerful winds toppling trees and power lines, blocking streets and leaving large parts of the region without electricity.
As the world marks the tenth anniversary of the Paris Agreement, progress in combating global climate change is mixed.
An extratropical cyclone has caused widespread disruption across Brazil’s São Paulo state, with powerful winds toppling trees and power lines, blocking streets and leaving large parts of the region without electricity.
Indonesia's military stepped up its relief efforts in three provinces on Sumatra island that have been devastated by deadly floods and landslides, and the country's vice president apologised for shortcomings in the response to last week's disaster.
Authorities in Senegal have launched urgent measures to prevent a potential oil spill after water entered the engine room of the Panamanian-flagged oil tanker Mersin off the coast of Dakar, the port authority said on Sunday.
The death toll from devastating floods across Southeast Asia climbed to at least 183 people on Friday (28 November). Authorities in Indonesia, Malaysia, Thailand and Sri Lanka struggle to rescue stranded residents, restore power and communications, and deliver aid to cut-off communities.
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