Latest News
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Union: Ukraine sugar production 2024/25 will be 5% lower, and sowing areas will decrease.
The Ukrainian agricultural business association, UCAB, said late Monday that the white beet production in Ukraine for 2024/25 is expected to drop by 5% and reach 1.7 million metric tonnes. Officials and producers said that drought and extreme heat during the summer of 2024, which affected most Ukrainian agricultural products including sugar beet, had a dramatic impact on the production. UCAB stated that farmers could reduce their sugar beet area to 245,000 hectares by 2025, from 258,000 hectares in 2020 due to the introduction of quotas on sugar exports into the European Union. The current regime of trade limits Ukrainian sugar exports into the EU until June 2025, (to a total) 109.400 tons. Sugar exports are also restricted by the requirement to obtain export licences for the EU, said Oleksandra Adramenko, head of UCAB’s European Integration Committee. Exports to the EU will be slow, limited and predictable from January 2025 to June 2025. "We don't know exactly how trade will be conducted with the EU from June 2025," said the official. EU curbs were announced in April 2024 following protests from farmers in the region. They claimed they faced unfair competition by producers outside of the bloc, such as in Ukraine, that did not have to deal with the same level and bureaucracy related to environmental regulations. (Reporting and editing by Jason Neely; Pavel Polityuk)
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China's solar, wind power set up capability soars in 2024
China's installed capability of solar energy and wind power climbed by 45.2% and 18%,. respectively, in 2024, the National Energy Administration said. on Tuesday, as the nation seeks to increase renewable energy use. and upgrade its power system. Last August, China's state planner unveiled a three-year. strategy to update the power system, increasing its usage of. renewable energy and easing the pressure of increasing power need on. the nationwide grid. Set up capability of solar power reached 890 million. kilowatts, while wind power touched 520 million kilowatts, the. administration stated. Overall installed power generation capacity in 2024 increased. by 14.6% year-on-year, reaching 3.35 billion kilowatts. For 2025, Greenpeace experts said eco-friendly power could. fulfill all of China's brand-new power demand growth. That would pave. the way for China's power sector to attain peak emissions by. 2025, according to Greenpeace East Asia Beijing-based project. leader Gao Yuhe. Last year was the warmest ever for China because record-keeping. started 6 decades ago, according to the meteorological data.
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Texas ports, pilots suspend some operations as winter season storm hits
Texas ports and pilots, who assist in moving vessels around ports, suspended some operations on Monday as freezing weather hit the state. All of Port Houston's eight public facilities will be closed on Tuesday, Jan. 21, the port said, including that vessel operations were suspended on Monday and container terminal truck gates were closed from Monday night. The Brazos Santiago Pilots, who assist move ships to the Port of Brownsville and Port Isabel in Texas, were arranged to halt ship movements just before midnight on Monday as offshore conditions got worse, according to a notice from a shipping representative. The Lake Charles Pilots stated they halted operations on Monday night and will reassess conditions on Wednesday for resumption. The Brazos Santiago did not right away respond to Reuters ask for comment. A winter storm warning is in impact from Monday night till Tuesday night for parts of the U.S. Gulf Coast, according to the National Weather Condition Service, with as much as 4 inches to 6 inches of snow expected around the Houston location.
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British Service - Jan 21
The following are the leading stories on business pages of British newspapers. Reuters has not validated these stories and does not vouch for their accuracy. The Times - British finance minister Rachel Reeves is expected to announce her support for a third runway at Heathrow as part of the government's push for development. - Edinburgh Worldwide's board, which holds stakes in business like Elon Musk's SpaceX, warned investors on Monday that Saba Capital's plan to change all directors and select its own prospects would leave investors into the unknown. The Guardian - The hospitality market will deal with an extra 1 billion pounds ($ 1.23 billion) in expenses from April as 774,000 workers ended up being eligible for employer nationwide insurance contributions, threatening tasks and organizations, leading industry body UKHospitality stated on Monday. - Santander has issued a note to senior managers outlining how to react to customers and its 21,000 UK staff after reports that the Spanish bank has started examining the future of its UK service due to mounting regulatory obstacles. The Telegraph - Britain's accounting watchdog has started an examination into the audit carried out by KPMG of the financials of bookie Entain for the year ended December 2022, it stated on Monday. - Drinks company Thatchers won a legal battle versus German discount supermarket chain Aldi on Monday, as a court of appeal ruled that the supermarket's own-brand cloudy lemon cider infringed Thatchers' hallmark rights. Sky News - Nearly half of the 40 medical facilities guaranteed by the previous British federal government have been postponed, with 18 jobs now set to begin in between 2030 and 2039 instead of the initial 2030 deadline, UK Health Secretary Wes Streeting said on Monday.
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Trump's energy actions on his very first day
U.S. President Donald Trump released a. flurry of orders within hours of his inauguration on Monday. planned to improve the nation's currently recordhigh oil and gas. production and loosen up previous President Joe Biden's environment. agenda. Here are some of the actions Trump handled his first day: ENERGY EMERGENCY SITUATION Trump stated a national energy emergency, meant to. supply him with the authority to reduce ecological. limitations on energy facilities and projects and ease. permitting for brand-new transmission and pipeline infrastructure. It allows you to do whatever you have actually got to do to get ahead. of that issue, Trump informed press reporters while signing the order. And we do have that sort of an emergency situation. Earlier in the day, he discussed the reason for the. declaration: The inflation crisis was triggered by massive. spending beyond your means and escalating energy rates, which is why today. I will likewise declare a nationwide energy emergency. We will drill. infant, drill. He has formerly said that rising electrical power demand from. the innovation market, mainly to sustain expert system,. needed a huge grid overhaul. LNG ALLOWS Trump released an order for the U.S. to resume processing. export permit applications from brand-new liquefied gas. jobs supplying Asia and Europe, efficiently reversing a. pause Biden put in location in early 2024 to study the. environmental and economic impacts of the booming exports. U.S. exports of the super-chilled fuel set a record in 2023. and the nation is the world's largest exporter of the item. However the time out in brand-new export allows produced uncertainty for a. multitude of jobs in the works. Plants in Louisiana awaiting approvals include Commonwealth. LNG, Endeavor Global's CP2, Cheniere Energy's growth. to its Sabine Pass facility and Energy Transfer's Lake. Charles terminal. In Texas, a second stage of Sempra's. project Port Arthur LNG, awaits approval. BYE-BYE PARIS Trump ordered the U.S. withdrawal from the Paris environment. deal, a global arrangement to eliminate environment modification,. duplicating a relocation he made in his very first term. Trump has called environment alter a scam, and states the accord. puts the United States at a competitive drawback to. geopolitical competitors like China. I'm immediately withdrawing from the unfair, one-sided. Paris environment accord dupe, he stated. The United States will. not undermine our own markets while China contaminates with. impunity. OFFSHORE WIND Trump suspended brand-new federal overseas wind leasing pending an. environmental and financial evaluation, stating wind mills are ugly,. costly and harm wildlife. We're not going to do the wind thing, he said. A White Home news release said Trump provided an executive. action suspending overseas wind leasing from all areas of the. U.S. external continental rack pending an environmental and. financial evaluation. The order is not anticipated to affect existing U.S. offshore. wind jobs being advanced by companies including Orsted. , Avangrid, Copenhagen Infrastructure Partners, and. Rule. Biden saw wind power as a vital part of his technique to. decarbonize the power sector. EV TARGETS Trump took goal at electrical cars, revoking a 2021. executive order signed by Biden that sought to guarantee half of. all brand-new lorries offered in the United States by 2030 were. electric. Biden's 50% target, which was not legally binding, had actually won. the assistance of U.S. and foreign automakers. Trump stated in an executive order he was halting circulation. of unspent federal government funds for lorry charging stations from a. $ 5 billion fund, called for ending a waiver for states to embrace. zero-emission car guidelines by 2035 and stated his administration. would think about ending EV tax credits. DRILL, BABY, DRILL Trump signed an executive order rescinding Biden's efforts to. block oil drilling in the Arctic and along big areas of the. U.S. coasts, according to the White Home. Trump also repealed a 2023 memo that disallowed oil drilling in. some 16 million acres (6.5 million hectares) in the Arctic, the. White Home revealed. It's uncertain if the moves would suffice to bring in huge. drillers, who have avoided the area over the last few years. due to relatively high costs of development. Biden this month prohibited brand-new overseas oil and gas development. along most U.S. coastlines ahead of Trump taking office. REFILL THE STOCKPILE Trump said he intends to fill strategic reserves ideal to. the top. That's likely a recommendation to the U.S. Strategic Petroleum. Reserve, the nation's stockpile of crude oil, developed as a. buffer versus supply shocks. After the intrusion of Ukraine, Biden had actually sold more than 180. million barrels of petroleum from the reserve, a record quantity. The sales helped keep gas costs in check, however sank the. reserve to the most affordable level in 40 years. We will bring rates down, fill our tactical reserves up. again, right to the top, and export American energy all over the. world, Trump said. He will likely aim to Republican lawmakers to give him the. money for the oil purchases in the coming weeks.
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Financial Times - Jan. 21
The following are the leading stories in the Financial Times. Reuters has actually not validated these stories and does not guarantee their accuracy. Headings - KPMG penetrated by UK accounting guard dog over Entain audit - Bank of England proposes 'concierge' service to welcome foreign firms - UK government rejects attempt to block EU law in Northern Ireland - UK ministers poised to authorize expansion of Gatwick airport Overview. - The UK's accounting guard dog Financial Reporting Council has. introduced an investigation into KPMG's 2022 audit of the. financials of bookmaker Entain, marking a new problem. for the Big Four company. - The Bank of England (BoE) is thinking about a concierge service. to help foreign business in establishing UK operations,. inspired by a comparable design in Singapore, according to BoE's. Prudential Guideline Authority head Sam Woods on Monday. - The UK federal government has actually turned down unionist attempts to obstruct brand-new. EU guidelines in Northern Ireland, permitting closer alignment with. Brussels on post-Brexit regulations, consisting of updated chemical. labelling laws. - The UK government is set to authorize expansions at Gatwick and. Luton airports to enhance financial growth, while Chancellor Rachel. Reeves prepares to declare assistance for Heathrow's proposed third. runway.
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Trump signs TikTok order delaying ban of app
U.S. President Donald Trump on Monday signed an executive order looking for to postpone by 75 days the enforcement of a ban of popular shortvideo app TikTok that was slated to be shuttered on Jan. 19. The order directs the chief law officer to not enforce the law to permit my administration an opportunity to determine the proper strategy with regard to TikTok. It also directs the Justice Department to provide letters to companies like Apple, Alphabet's Google and Oracle that deal with TikTok specifying that there has actually been no offense of the statute which there is no liability for any conduct that occurred during the above-specified period. When asked what TikTok order does, Trump said simply offered me the right to sell it or close it, adding that he required to make a choice.
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New Jersey governor prompts Trump to examine New York City's blockage rates plan
New Jersey Governor Phil Murphy on Monday asked President Donald Trump to reconsider the federal federal government's approval of New york city City's firstinthenation blockage prices program that started on Jan. 5. Murphy, a Democrat, said the program is a catastrophe for New Jersey commuters and must get the close look it should have from the federal government. Under the program, traveler cars are charged $9 throughout peak durations in Manhattan south of 60th Street. Trucks and buses pay up to $21.60. The charge is minimized by 75% in the evening. It is developed to reduce traffic and raise billions for mass transit, with most of the revenue created targeted to upgrade the city's train and bus systems. The White House did not immediately comment, however a. representative for Trump in November slammed the strategy. During the very first week after the charge was imposed, traffic in. Manhattan's main business district fell by 7.5%. The fee went into effect after New Jersey stopped working to. convince a judge to stop it. Charged through electronic license plate readers, private vehicles. pay when a day no matter how many trips they make into the. main enterprise zone. Cabs pay 75 cents per journey and. ride-share cars scheduled by apps like Uber and Lyft. pay $1.50 per trip. A couple of other cities all over the world already have blockage. prices systems. London, which executed its system in 2003,. now charges 15 pounds ($ 18.49). Singapore and Sweden also have. congestion pricing strategies. Before the cost went into impact, New York said more than. 700,000 lorries went into the Manhattan main enterprise zone. daily, slowing traffic to around 7 miles per hour (11 km per. hour) on average, which is 23% slower than in 2010. The city estimates the congestion charge will bring in $500. million in its very first year. New York Guv Kathy Hochul stated. the money would underpin $15 billion in financial obligation funding for mass. transit capital improvements, with 80% of the cash to be invested. on the train and bus system, and the other 20% invested in two. commuter rail systems.
Rain might assist firefighters battling blaze in Canadian tourist town
Consistent rain is most likely to assistance firefighters working to consist of an enormous wildfire that has devastated parts of the western Canadian tourist town of Jasper, authorities said on Friday.
Jasper is in the middle of mountainous Jasper National forest in the province of Alberta. A big fast-moving fire has damaged or destroyed approximately half the town's structures.
Parks Canada said between 10 mm and 15 mm of rain had fallen on Thursday. This precipitation will likely keep fire habits low for the next 72 hours, it stated in a declaration.
Crews will benefit from this time to make as much progress as possible to suppress the wildfire and reduce further spread. While rain in Jasper is a welcome sight, warm weather condition is forecast and will increase wildfire activity.
Authorities have up until now declined to provide specific details of how many buildings were lost in Jasper, which typically has a. population of around 5,000. Video published to social media revealed. whole blocks had actually been burned to the ground.
The town and park, which draw more than 2 million travelers a. year to this location of the Rocky Mountains, were evacuated on. Monday, when authorities approximated there were up to 10,000 people. in the town and an additional 15,000 visitors in the park.
Late on Thursday, authorities stated teams had actually handled to. protect all of Jasper's important facilities. This consisted of. the medical facility, schools and a wastewater treatment plant.
The Jasper Park Lodge, among the largest hotels in town,. stated it had suffered some damage but most structures remained. standing and undamaged. The 400-room residence is run by Fairmont,. a group owned by France's Accor.
The Trans Mountain oil pipeline, which can carry 890,000. barrels each day (bpd) of oil from Edmonton to Vancouver, runs. through the park. The operator said on Thursday there were no. signs of damage.
The federal government stated in April that heats. and tinder-dry forests meant this might be a disastrous year. for wildfires in Canada.
The present fire could be among the most damaging in. Alberta given that a 2016 blaze that hit the oil town of Fort. McMurray, requiring the evacuation of all 90,000 homeowners and. damaging 10% of all structures there.
(source: Reuters)