Former UK Prime Minister Sunak joins Goldman Sachs as senior adviser
Former UK Prime Minister Rishi Sunak is returning to Goldman Sachs as a senior adviser, the investment bank said on Tuesday....
The European Union is under mounting pressure from member states to once again delay and soften its upcoming anti-deforestation law, according to a document seen by Reuters.
The landmark law, aimed at curbing the EU’s role in global deforestation, would require companies to prove that key imports—like soy, beef, palm oil, cocoa, and coffee—did not contribute to deforestation. The policy targets the 10% of global deforestation linked to EU consumption, but it has become a flashpoint in Europe's broader green agenda.
Originally set to take effect this year, the law has already been postponed to December 2025 after pushback from major trading partners such as Brazil and the U.S., and from within the industry. Last week, the European Commission said it would ease enforcement by exempting most countries from the toughest checks.
Now, 11 EU countries—led by Austria and Luxembourg—have submitted a joint demand to simplify the rules even further and to delay implementation again. The group includes Bulgaria, Croatia, the Czech Republic, Finland, Italy, Latvia, Portugal, Romania, and Slovenia.
“The requirements imposed on farmers and foresters remain high, if not impossible to implement,” the countries argued in a position paper to be discussed by EU agriculture ministers in Brussels on Monday. “They are disproportionate to the regulation’s objective.”
Under the policy, companies selling the listed products in the EU would need to provide detailed due diligence statements proving the goods did not come from deforested land. The same rule would apply to EU exporters. Non-compliance could bring fines of up to 4% of annual EU turnover.
The 11 countries are pushing for several amendments, including the creation of a new category for “very low risk” countries that would be exempt from customs checks and the need to trace product origins.
The European Commission has not yet responded to the latest demands.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
Archaeologists have uncovered a 3,500-year-old city in northern Peru that likely served as a key trade hub connecting ancient coastal, Andean, and Amazonian cultures.
Germany has summoned China’s ambassador to protest after a Chinese warship used a laser against a German surveillance aircraft operating in the Red Sea, Berlin said on Tuesday.
Dozens of international and domestic flights were cancelled or delayed after Mount Lewotobi Laki Laki erupted on Monday, but Bali’s main airport remains operational.
An impostor used artificial intelligence to mimic Secretary of State Marco Rubio’s voice and writing style, contacting top US and foreign officials in a bold deception campaign.
King Charles warmly welcomed French President Emmanuel Macron for the first state visit by an EU leader since Brexit, marking a symbolic reset in UK–France relations amid plans for deeper cooperation on defense, energy, and migration.
Ukrainian President Volodymyr Zelenskyy has imposed sanctions on several Chinese companies after officials claimed Chinese-made parts were found in Russian drones used in a recent attack on Kyiv.
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