Oil prices hit four year high: Latest news on the Middle East conflict on 9 March
Global oil prices reached a four year high on Monday (9 March), surpassing $...
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.
Mojtaba Khamenei, son of the late Ayatollah Ali Khamenei, is a hardline cleric with strong backing from the Islamic Revolutionary Guard Corps. His rise signals continuity in Tehran's anti-Western policies.
Global oil prices surpassed $119 a barrel on Monday (9 March, 2026), an almost four year high, as the Middle East conflict rumbled on.
Trump says the United States "don’t need people that join wars after we’ve already won," targeting his criticism at UK Prime Minister Keir Starmer. Israel continues to fire missles at strategic sites in Iran and Gulf regions report more strikes from Iran.
China has urged Afghanistan and Pakistan to resolve their dispute through dialogue after Chinese envoy Yue Xiaoyong met Afghan Foreign Minister Amir Khan Muttaqi, as fighting between the two neighbours entered its eleventh day.
Iran named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader on Monday (9 March), signaling that hardliners remain firmly in charge, as the week-old U.S.-Israeli war with Iran pushed oil above $100 a barrel.
The death toll from heavy rains and flooding in Brazil’s Minas Gerais state has risen to 46, authorities said, with 21 people still reported missing. The storms triggered landslides and widespread flooding, displacing thousands across Juiz de Fora and Uba.
The administration of U.S. President Donald Trump on Thursday (12 February) announced the repeal of a scientific finding that greenhouse gas emissions endanger human health, and eliminated federal tailpipe emissions standards for cars and trucks.
Tropical Cyclone Gezani has killed at least 31 people and left four others missing after tearing through eastern Madagascar, the government said on Wednesday, with the island nation’s second-largest city bearing the brunt of the destruction.
Rivers and reservoirs across Spain and Portugal were on the verge of overflowing on Wednesday as a new weather front pounded the Iberian peninsula, compounding damage from last week's Storm Kristin.
Morocco has evacuated more than 100,000 people from four provinces after heavy rainfall triggered flash floods across several northern regions, the Interior Ministry said on Wednesday.
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