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A Reuters poll of analysts predicts that Hungary will cut interest rates by 25 basis points to 6.0% by the end of 2026.On April 24, Republicans urged Trump to drop the federal prosecutors investigation into the Federal Reserves renovation project, while Trump hinted he might accept another form of investigation. On Thursday, when asked if anyone outside the Justice Department could find the answers he wanted, Trump said, "Yes. I mean, you see, its easy." Senators, along with Treasury Secretary Bessant, proposed a congressional investigation of the Fed to replace the investigation by U.S. Attorney Piro, aimed at getting North Carolina Republican Senator Thom Tillis to stop blocking Warshs nomination as Fed chair. Answering another question, Trump said, "We have to find out what went wrong." "It was beautiful, and they took it apart, probably because the repairs were too expensive." Although Trump did not mention Fed Chair Powells involvement in the project, he criticized him, saying, "Hes also terrible at interest rates."April 24 – The 50th meeting of the Standing Committee of the 14th National Committee of the Chinese Peoples Political Consultative Conference (CPPCC) was held in Beijing on the 24th. Wang Huning, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Chairman of the CPPCC National Committee, presided over the meeting and delivered a speech. The meeting reviewed and approved the draft agenda and schedule for the 17th meeting of the Standing Committee of the 14th CPPCC National Committee, and decided to convene the 17th meeting of the Standing Committee of the 14th CPPCC National Committee in Beijing in late June.On April 24th, it was reported that from January to March 2026, 13,987 new foreign-invested enterprises were established nationwide, a year-on-year increase of 11%; actual utilized foreign investment amounted to RMB 249.6 billion, a year-on-year decrease of 7.3%. By industry, actual utilized foreign investment in manufacturing reached RMB 71.46 billion, and in services RMB 174.6 billion. Actual utilized foreign investment in high-tech industries reached RMB 102.73 billion, a year-on-year increase of 30.7%, accounting for 41.2% of the total actual utilized foreign investment nationwide, an increase of 12 percentage points compared to the same period last year. Among them, actual utilized foreign investment in R&D and design services, computer and office equipment manufacturing, and electronic and communication equipment manufacturing increased by 127.8%, 88.1%, and 23.8%, respectively. By origin, actual investment in China from Luxembourg, Switzerland, France, and South Korea increased by 96.8%, 50.4%, 42.3%, and 35.2%, respectively (including investment data through free ports).April 24 (Xinhua) -- Iranian Vice President Esmail Saghab Isfahani stated that Iran will retaliate severely against any attack on its energy facilities, according to Iranian sources on the 24th. Speaking at a rally in Eslam Shahr, Iran, Isfahani said that if the enemy misjudges the situation again, Irans strategy will escalate. Irans response to any potential attack will not stop at "an eye for an eye," which is only the first step. "If any Iranian oil well is attacked, we will target the oil fields of countries that launch attacks from their territory," Isfahani said. Isfahani added that Iran is fully prepared to maintain a continuous energy supply, and arrangements in the energy and electricity sectors are in place, so the public need not worry.

Plastic Consumption Is Projected to Nearly Double by 2050, According to Studies

Haiden Holmes

Feb 27, 2023 14:08

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According to research published on Monday, plastic consumption in G20 nations is on track to nearly double by the middle of the 21st century unless a comprehensive and legally binding global treaty to reduce consumption is drafted.


According to Back to Blue, a research group operated by the Economist Impact think-tank and the Nippon Foundation, existing initiatives to increase recycling or reduce single-use plastic consumption have "barely scratched the surface" and a more comprehensive global plan is required.


In Uruguay, the United Nations began negotiations on an agreement to combat plastic pollution in November, with the goal of drafting a legally binding treaty by the end of the following year. 175 countries have joined up for the negotiations.


Nonetheless, if negotiations fail, annual plastic production in G20 nations could reach 451 million tonnes by 2050 based on current development rates, according to Back to Blue - an increase of nearly 75 percent from 2019.


The research group stated, "There should be no illusions that the treaty negotiations will be anything but difficult and treacherous." "The likelihood of failure is high, both in terms of no treaty emerging and a treaty that is insufficient to reverse the plastic tide."


It called for a stricter ban on single-use plastic, as well as increased production taxes and mandatory programs to hold companies accountable for the entire lifecycle of their products, including recycling and disposal.


Back to Blue stated that the combined measures could limit annual consumption to 325 million tonnes by 2050, but that would still be a 25 percent increase from 2019 and the equivalent of 238 million garbage vehicles.


Brazil, the United States, Indonesia, and Turkey are among the G20 countries that have yet to introduce national prohibitions on single-use plastic products, according to the report.


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