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Chart: Speculative Sentiment Index on Friday, June 12, 2026Euro Stoxx 50 futures rose 1.8%, German DAX futures rose 1.7%, and UK FTSE futures rose 0.9%.Samsung Electronics rose 10%, and SK Hynix rose 9%.June 12 (CNN) – President Trump claimed today (June 11, Eastern Time) that the United States has “ended” its war with Iran, after declaring that the two sides had agreed to a “very strong memorandum of understanding” to stop the fighting. Speaking at a phone rally supporting Georgia Lieutenant Governor Burt Jones’s gubernatorial campaign, Trump said, “I don’t know if you’ve heard, but today we ended the war with Iran. They’ve agreed never to have nuclear weapons. That’s what we’re sticking to, that’s the whole goal, that’s 95% of the agreement.” Trump’s remarks came earlier today after he canceled further strikes against Iran, hinting at an agreement on Real Social Media without elaborating on its terms. Iran has not confirmed any agreement.Futures News, June 12th - According to foreign media reports, Malaysian crude palm oil futures on the Bursa Malaysia Derivatives Exchange (BMD) are likely to open lower on Friday morning, following the decline in external markets. International crude oil futures fell after US President Trump announced on Thursday the cancellation of plans to strike Iran. In electronic trading on Friday, Brent crude futures fell further, coupled with a lower close in Chicago soybean oil futures, which will drag down the early performance of Malaysian crude palm oil futures. Malaysian palm oil inventories exceeding market expectations are also unfavorable for prices. Data from the Malaysian Palm Oil Board (MPOB) shows that Malaysian palm oil inventories at the end of May were 2.428 million tons, a 5.15% increase month-on-month, higher than analysts forecasts of 2.36 million tons. However, El Niño weather may lead to drier conditions in Southeast Asia than normal, threatening palm oil production and potentially providing support for palm oil prices.

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.