International

Brazil’s oilseed processing capacity increases 4.1% in 2020-2022: Abiove

Brazil’s total oilseed processing capacity grew 4.1% in 2020-2022 from the previous two-year period, the fastest rate of increase since 2016, according to a survey. released Tuesday by oilseed crusher group Abiove. Brazil’s total oilseed crushing capacity is now 66.7m tonnes/year, according to the biannual survey. Capacity growth exceeded the 2.5% two-year average rate of …

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Work foresees the creation of 10,000 jobs with the Perte of care

The Secretary of State for Employment, Joaquín Pérez Rey, foresees that the Perte of the social economy and care will have an impact of more than 10,000 jobs and serve to increase the size of companies and promote collaboration and cooperativism in the sector. “This Perte tries to boost the social economy and give it …

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The ECB confirms its aggressive trend; raises rates by 0.75%

As experts pointed out , the European Central Bank (ECB) raised benchmark interest rates  at its meeting this Thursday, and did so by 75 basis points (0.75%), instead of the 50 bp and 25 bp initially planned. Thus, the interest rate now stands at 1.25% from the previous 0.50%. Now, the focus is on Christine Lagarde, president of the organization, …

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Lufthansa CEO says ticket prices won’t return to pre-pandemic levels

Lufthansa (ETR: LHAG ) CEO Carsten Spohr said on Monday that flight prices will never return to what they were before the pandemic, predicting stable or rising prices in the future. The sale of tickets below 20 euros was irresponsible and too low, Spohr said at an event in Berlin. The sector needs prices to rise to finance …

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The gas crisis leads the communities of owners to raise the quotas

The gas crisis threatens to multiply central heating bills by ten this winter, which, added to the rise in electricity and the updating of cleaning and maintenance contracts with a soaring CPI, leads to the communities of owners to raise fees and cut costs. “Community fees will rise by 20, 30 or 40% and the …

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Ukrainian forces continue to advance after fall of Russian stronghold

Ukrainian forces continued to push north into the Kharkiv region and advance south and east, the Ukrainian army chief said on Sunday, a day after their rapid advances caused Russia to abandon its main stronghold in the area. President Volodymyr Zelensky hailed the Ukrainian advance in the northeastern province of Kharkov as a potential breakthrough …

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A powerful earthquake shakes Papua New Guinea and leaves at least 4 dead

A 7.6-magnitude earthquake struck eastern Papua New Guinea on Sunday, killing at least four people and injuring several others and damaging property and essential infrastructure. The quake struck about 67 kilometers east of Kainantu and 80 kilometers northwest of Lae, in eastern Papua New Guinea, around 9:45 a.m. local time (2345 GMT on Saturday), but …

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Spanish novelist and columnist Javier Marías dies at the age of 70

Famed Spanish novelist Javier Marías died on Sunday at the age of 70, his publisher Alfaguara reported. Marías, who had been suffering from pneumonia for a month, published 16 novels, including the trilogy “Your face tomorrow”, published between 2002 and 2007. His books have been translated into 46 languages ​​and have sold nearly nine million …

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Munich Re says reinsurance rates likely to rise

Munich Re (BIT: MUV2 ) said reinsurance rates are set to rise across the sector due to inflation, rising interest rates and shrinking capital to support the subscription activity. In a statement released on Sunday, the German group said reinsurance capacity, or the industry’s financial ability to take risks, is in decline while demand for contracts is …

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The Spanish League plans the return of fans from May 9 -Cope

The Spanish government and La Liga, the organizing body of the Spanish competition, plan to allow fans to return to the stadiums for the last four days of the season, as national coronavirus restrictions ease. have begun to soften, the Cope radio station reported on Tuesday. The report indicates that a maximum of 5,000 fans …

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Russia fines Apple $12 million for app market abuse

Russia’s Federal Antimonopoly Service (FAS) said on Tuesday it had fined U.S. tech giant Apple $12 million for alleged abuse of its dominant position in the technology market. mobile apps. The FAS said that Apple’s distribution of mobile apps through its iOS operating system resulted in a competitive advantage for its own products. Apple said …

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Fed Beige Book: Growth ‘weak’ as inflation weighs on consumption

Prospects for future economic growth remain “generally weak” at a time when rising food and rent prices have forced consumers to shift spending toward essentials, the report says. (known as the Beige Book) from the Federal Reserve released on Wednesday. “Economic activity has been broadly unchanged since early July […] prospects for future economic growth …

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Wheat Rebounds on Russia-Ukraine Deal Concerns; stable soybean

U.S. wheat futures rose 3.1% to their highest level in nearly two months on Wednesday, as Russia’s criticism of a Ukrainian grain export deal revived concerns. on the movement of supplies out of the key Black Sea shipping hub. * Corn futures retreated after a technical setback after hitting their highest level since June 27 earlier in the session, while soybeans stabilized …

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Brazil’s Currency Will Trade in a Tight Range Ahead of Elections

Brazil’s real will remain in a tight range this month as Brazilians prepare to vote in presidential elections on Oct. 2, a Reuters poll showed on Wednesday. The dollar index hit a two-decade high on Tuesday and is expected to remain strong on expectations of continued rises in US interest rates, and the better performance of the …

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Wall Street closes with its first weekly rise since mid-August

U.S. stocks rose on Friday with major indexes posting their first weekly gain in four weeks as investors bought back despite concerns about the economic outlook. * The gains follow a sharp decline that began in mid-August, triggered by concerns about the impact of tighter monetary policies and signs of an economic slowdown in Europe …

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The EU seeks more “realistic” debt control rules

The governments of the European Union want future community fiscal discipline rules to guarantee the reduction of public debt in a more realistic way, take into account the need to invest in the ecological transition and defense community and are easier to apply. It is the general starting point marked by the Ministers of Economy …

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US Treasury Guidance on Russian Oil Price Cap Safeguards Maritime Firms

The U.S. Treasury released new guidance on Friday on a proposal to cap Western prices on Russian oil exports , saying shipping service providers will not be held accountable for misinformation about prices. prices provided by buyers and sellers of Russian crude. Treasury said in the guidelines that those who buy Russian crude at prices above the cap …

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CE prepares electricity savings and energy tax and discusses cap on gas

The European Commission worked this Saturday on the proposals that it will present on Tuesday to deal with the price of electricity, putting the “emphasis” on saving electricity consumption, on a tax on energy and on helping struggling businesses, while discussing a cap on the cost of gas. This was announced by the President of …

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The EU seeks more “realistic” debt control rules

The governments of the European Union want future community fiscal discipline rules to guarantee the reduction of public debt in a more realistic way, take into account the need to invest in the ecological transition and defense community and are easier to apply. It is the general starting point marked by the Ministers of Economy …

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Catalan employers ask for another way to set gas prices in the markets

The Catalan employers Foment del Treball today demanded from the European authorities a change in the pricing system for natural gas in international markets, eliminating the current TTF, and has refused to apply an extraordinary tax to company billing. Foment points out in a statement that the industry and consumers assume a sharp rise in …

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Apple Runs “The Biggest Business In History” But Is It Overrated?

Shares of Apple Inc (NASDAQ: AAPL ) have held up well relative to the broader market in 2022. CNBC’s ‘Fast Money Halftime Report’ panel discussed the tech giant’s valuation on Tuesday, with shares trading flat ahead of the company’s ‘Far Out’ event this week. “[Apple] is a good company, but it doesn’t have a convincing valuation of …

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Key day: The ECB will raise rates and Powell speaks – 5 keys this Thursday

Investors today will be keeping a close eye on the European Central Bank’s (ECB) interest rate decision and what its President, Christine Lagarde, has to say. We will also be attentive to the statements of Jerome Powell, president of the US Federal Reserve (Fed). Oil is trading higher . Cryptocurrencies are moving higher this morning. These are …

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Barrel falls below $90 amid growing recession fears

Oil fell sharply on Wednesday to levels below prices seen before Russia’s invasion of Ukraine, as gloomy trade data from China fueled investor concern over downside risks. recession * Brent crude futures fell $4.83 to $88 a barrel, trading below $90 for the first time since February 8. Meanwhile, West Texas Intermediate in the United States (WTI) fell $4.94, or …

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The Central Bank of Australia opens the door to a lower rate hike

The Australian central bank’s chief executive opened the door to a slowdown in monetary policy tightening after five interest rate hikes in as many months, sparking a rally in bonds. as markets reduced bets on further aggressive measures. In a speech on the political outlook, Reserve Bank of Australia (RBA) Governor Philip Lowe said further rate hikes …

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OPEC and Russia cut boosts oil prices

 The OPEC+ alliance, led by Saudi Arabia and Russia, has decided this Monday to withdraw from the market the 100,000 barrels per day that it had decided to add a month ago, a measure that has immediately boosted “petroprices “. This is the first reduction in supplies agreed by OPEC+ (OPEC and allies) in more …

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IAEA mission must end Russian occupation of nuclear plant, says Ukraine

Ukraine’s state nuclear power chief said on Monday it was vital that a UN inspectors’ mission to the Zaporizhia plant end Russia’s occupation of the facility and called for new missions to the place, including by UN peacekeepers. The International Atomic Energy Agency (IAEA) is preparing a report after its inspectors crossed the front line …

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Four countries ask for special treatment for defense spending in EU rules

Greece, Romania, Poland and Lithuania are urging the European Commission to give defense spending special treatment in EU debt rules to help accommodate military investment needed after the Russian invasion. of Ukraine, according to a document. EU finance ministers will start discussing on Saturday how to change fiscal rules to fit the post-pandemic reality of …

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EXCLUSIVE-German Economics Ministry reviews measures to curb business in China

Germany’s economics ministry is considering a series of measures to make doing business with China less attractive as it seeks to reduce its dependence on Asia’s economic superpower, two people familiar with the matter told Reuters. affair. Measures could include reducing or even removing investment and export guarantees for China and stopping promoting trade fairs …

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Germany relaxes insolvency rules in light of energy crisis

Germany’s justice minister plans a temporary relaxation of insolvency rules to help keep afloat companies that have fundamentally sound business models but are struggling with debt due to high energy costs, he said on Friday. Marco Buschmann, whose portfolio includes insolvency rules, said his plan would exempt companies from the obligation to file for insolvency …

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Lawmakers call for US investigation into handling of COVID funds by airlines

 Leaders of two congressional committees want a federal investigation into whether airlines used government-provided pandemic money to fund pilot buyouts and early retirement that may have fueled current employee shortages. , according to a letter published Friday. Congress approved $54 billion in three rounds covering much of the payroll costs of US airlines for 18 …

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Ukrainian grain exports plunge 48.6% so far in 2022/23, ministry says

Ukrainian grain exports sank 48.6% year-on-year so far in the 2022/23 season to 5.291 million tonnes, the Agriculture Ministry said on Friday. Grain exports have plummeted since the start of the war as its Black Sea ports, a key shipping route, were closed, driving up global food prices and sparking fears of shortages in Africa …

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US yields rise as Fed’s Powell tone remains aggressive

Short-term U.S. Treasury yields rose on Thursday after Federal Reserve Chairman Jerome Powell reiterated that the entity’s priority is tackling inflation, before the consumer price report is released next week. Powell said the Fed is “strongly committed” to reining in inflation, but hopes it can be done without “very high social costs.” “It was consistent …

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The EU prepares emergency talks on caps on the price of Russian gas

European Union countries are studying a series of proposals from Brussels ahead of emergency talks on Friday, aimed at finding bloc-wide measures to cut soaring energy costs. before winter. European Commission President Ursula von der Leyen has unveiled plans that include a price cap on Russian gas, raising concerns in some capitals, a bloc-wide cut …

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The EU wants to ban products made with forced labor

Products made with forced labor or imported into the 27 countries of the European Union will be banned under draft EU rules, according to an EU document seen by Reuters. “Such a ban should apply to products for which forced labor has been used at any stage of their production, manufacturing, harvesting and extraction, including …

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Fed officials hope that inflation can be controlled without the pain of the Volcker era

The Federal Reserve is “strongly committed” to fighting inflation and remains hopeful it can be achieved without the “very high social costs” involved in previous struggles to control prices, the Federal Reserve said on Thursday. Fed Chairman Jerome Powell. The comments echoed those of other US central bank officials as they ponder another potentially unconscionable …

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Guyanese oil producers increase their exports to European refineries

Guyana’s oil producers have increased their exports this year to European buyers seeking alternatives to Russian crude, according to vessel tracking data. Government bans on Russian oil since the Ukraine invasion have spurred demand for alternative crudes, and Guyanese oil is better suited to refineries from the UK to Italy than competing Latin American grades. …

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OPEC+ gives Saudi president power to intervene in market events

OPEC+ members trust their chairman, Saudi Energy Minister Prince Abdulaziz bin Salman al-Saud, to intervene whenever necessary to stabilize crude markets through the call for a meeting at any time if necessary, a Persian Gulf source with knowledge of the matter told Reuters. OPEC and its allies, led by Russia, agreed on Monday to a …

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Macron assures that new gas interconnections with Spain are not necessary

The President of France, Emmanuel Macron, affirmed this Monday that new gas interconnections with Spain are not necessary because the current ones are far from saturation, and added that the MidCat gas pipeline project will not be justified for energy and environmental reasons. Macron, during a press conference on energy, explained that the two gas …

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The head of the EU wants to limit the price of gas from Russian pipelines

The European Commission’s forthcoming proposals to tackle rising energy prices will aim to cap the price of gas Russia sends to Europe through pipelines and offer support to producers. electricity companies facing a liquidity crisis, the EU chief said on Monday. Brussels is drawing up measures to protect citizens and industries from rising gas and …

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Foment censures France’s “political myopia” for opposing MidCat

The president of the Catalan employers’ organization Foment del Treball, Josep Sánchez Llibre, criticized France’s “political myopia” on Monday by opposing the MidCat gas pipeline project, which would cross the Pyrenees through Catalonia, which he attributes to “particular interests” in Paris and not to the general European interest. At a press conference after the first …

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Sánchez and Feijóo debate energy saving measures in the Senate

The President of the Government, Pedro Sánchez, and the leader of the opposition, Alberto Núñez Feijóo, will present their different proposals to reduce energy consumption in the Senate this Tuesday, in a context marked by instability suffered by Europe as a result of the Russian invasion of Ukraine. Sánchez, who will be accompanied by a …

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The US assures that it will continue to act to reduce energy prices

The US government assured this Monday that it will continue to do everything necessary to reduce energy prices, after the decision of the OPEC+ alliance to withdraw from the market the 100,000 barrels per day that I had decided to add a month ago. “President (Joe) Biden is determined to continue taking all necessary steps …

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Iran says the world needs more of its oil

Iran’s Oil Minister Javad Owji said the world needed more Iranian oil and his country was willing to play a role in providing it outside of politics, the Iranian news agency reported on Monday. of the Iranian Ministry of Oil, SHANA. In a statement issued after an OPEC+ meeting in which a smaller cut was agreed, Owji …

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Gazprom warns of explosion threat if gas supply resumes

The Russian state consortium Gazprom (MCX: GAZP ) warned today of a threat of explosion or fire at the only active compressor station in Portovaya if the supply of gas to Europe through the pipeline is resumed. North Stream. “The operation of this compressor unit without correcting the detected faults creates a risk of fire or explosion, …

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Natural gas futures fell during the US session

Natural gas futures were lower during the US session on Monday. On the New York Mercantile Exchange, natural gas futures for October delivery were trading at US$8.70 per million British thermal units. At the time of writing this report they are falling by 0.93%. It hit a session low of dollars per million British thermal units early. Natural gas is likely …

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Gold futures fell during the US session

Gold futures were lower during the US session on Monday. On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were trading at US$1.00 a troy ounce. At the time of writing this report they are falling by 0.08%. It early reached a session low for dollars per troy ounce. Gold is likely to find support …

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US envoy urges China to resume talks to avert climate crisis

U.S. climate envoy John Kerry on Tuesday urged China to resume bilateral talks to avert a global warming crisis, calling on world leaders to accelerate their energy transition to abandon fossil fuels. The United States and China, the world’s largest economies, must work together to tackle climate change, Kerry said. Both countries are also the largest …

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Crude oil futures rose during the US session

Crude oil futures were higher during the US session on Monday. On the New York Mercantile Exchange, crude oil futures for October delivery were trading at US$88.88 a barrel. At the time of writing this report they are up 2.31%. It reached an early session high for dollars a barrel. Crude is likely to find support at 85.98 and resistance at …

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Crude oil futures fell during the Asian session

Crude oil futures were lower during the Asian session on Tuesday. On the New York Mercantile Exchange, crude oil futures for October delivery were trading at US$88.62 a barrel. At the time of writing this report they are falling by 2.01%. It early reached a session low for dollars a barrel. Crude is likely to find support at 85.98 and resistance …

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Russia: Nord Stream will resume when turbine is repaired by Siemens

Gas pumping through the Nord Stream gas pipeline, which connects Russia with Germany under the Baltic Sea, will resume when the turbine is repaired by Siemens Energy under “contract work” to do, Russian Energy Minister Nikolai Shulginov said today. The flow will resume “as soon as the problem is resolved in accordance with the contractual …

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Imports of crude oil to Spain grow 22.1% between January and July

Crude oil imports to Spain increased by 22.1% between January and July compared to the same period in 2021, reaching 38,221 kilotonnes (kt), according to data from the Strategic Resource Reserves Corporation Petroleum (Cores). In July, imports of crude oil in Spain increased by 27% compared to the same month of the previous year and …

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Reyes Maroto defends the “need” of MidCat to stop Putin’s blackmail

The Minister of Industry, Commerce and Tourism, Reyes Maroto, defended this Tuesday the “need” for the MidCat gas pipeline, which should connect France and Spain through Catalonia, and to make it “available of Europe to stop the blackmail of (Vladimir) Putin”. The minister made these statements on TV3 after the French president, Emmanuel Macron, yesterday …

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More than 700 children have died in Somalia’s nutrition centers -UN

Hundreds of children have died in nutrition centers across Somalia, the UN children’s agency UNICEF said on Tuesday, a day after the world body warned that parts of Somalia will be affected by famine in the coming months. “Some 730 children have been reported dead in food and nutrition centers across the country between January …

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Truss plans to freeze UK energy bills for 18 months

Liz Truss, who assumes her post as British Prime Minister on Tuesday, plans to freeze energy bills for a period of 18 months and will allow companies that supply gas and electricity to obtain loans from the Government to subsidize these bills, according to the BBC. An 80% increase in the cap that energy companies …

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Poland to investigate alleged coal prices

The Polish government will investigate “very meticulously” the possible existence of prices agreed between coal sellers in Poland to raise prices, assured the country’s prime minister, Mateusz Morawiecki. According to government sources reported today, the head of government will ask the Office of Competition and Consumer Protection “to investigate very meticulously and decisively if there is an …

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Germany introduces measures to boost the expansion of renewable energies

The German government will introduce further measures to promote the expansion of renewable energy, including a new tender for solar power and improved regulations for biogas plants, a draft law showed on Tuesday. , while Berlin looks for alternatives to Russian gas. Following the Russian invasion of Ukraine and Germany’s attempt to reduce imports of …

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Italy will lower heating in winter to save on gas consumption

Italy plans to reduce heating in homes and businesses for the winter to help cut the amount of gas it uses and reduce the risks related to a complete disruption of Russian gas flows. Italy imported about 40% of its gas from Russia before the Ukraine conflict began, but has moved quickly to seek alternative …

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Brazil’s inflation falls in August due to lower fuel prices

Brazil’s consumer prices fell 0.36% in August for the second consecutive month on falling fuel prices, government statistics agency IBGE said on Friday. The monthly data measured by the benchmark IPCA index fell slightly short of the market forecast of a 0.39% drop, according to economists polled by Reuters. In the 12 months through August, …

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French Corn Crop Ratings Fall for Ninth Straight Week

Corn crop conditions in France worsened for a ninth consecutive week last week, according to data on Friday from agricultural bureau FranceAgriMer, in a further sign of the damage caused by a hot and dry summer. the largest producer in the European Union. An estimated 43% of France’s grain maize crop was in good or excellent …

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Buckingham Palace confirms it: Queen Elizabeth II has died

Buckingham Palace confirms: this Thursday, September 8, Queen Elizabeth II has died The Queen’s full name was Elizabeth Alexandra Mary, who was born in London on April 21, 1926. He held the royal throne since 1952, his reign being the longest in British history. Queen Elizabeth II was a cornerstone of the Commonwealth, an organization …

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Buckingham Palace ‘concerned’ about Queen Elizabeth’s health

Buckingham Palace issued a statement on Thursday, September 8, in which it said that Queen Elizabeth was in serious health condition. “Following further assessment this morning, the Queen’s doctors are concerned for Her Majesty’s health and have recommended that she remain under medical supervision. The Queen remains comfortable and at Balmoral,” the statement said. It …

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