EUR/USD 1.15478
-0.091%
Gold 4452.92
-1.181%
Oil 91.950
1.622%
USD/JPY 159.546
0.053%
GBP/USD 1.33641
0.002%
GBP/JPY 213.224
0.117%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On March 26th, Benjamin Louvet, an analyst at Aofi Investment Asset Management, stated in a report that the Federal Reserve may face a dilemma regarding its dual mandate of employment and inflation: should it raise interest rates to combat inflation, or should it lower interest rates to support economic growth and employment? The head of commodities stated, "Since raising interest rates cannot mitigate supply shocks without harming economic growth, the Fed seems unlikely to choose to raise rates." Furthermore, declining incomes in Gulf states, major buyers of US Treasury bonds, could weaken US debt financing and force the Fed to lower interest rates or even resume bond purchases to support the economy.On March 26, Jiufang Smart Investment Holdings (09636.HK) announced that the Groups total order amount was approximately RMB 3.955 billion, an increase of approximately 12.8% compared to approximately RMB 3.506 billion in the same period last year. The Groups total revenue was approximately RMB 3.43 billion, an increase of approximately 48.7% compared to approximately RMB 2.306 billion in the same period last year. Adjusted profit for the year under non-Hong Kong Financial Reporting Standards was approximately RMB 1.022 billion, an increase of approximately 191.8% compared to approximately RMB 350 million in the same period last year. Profit attributable to shareholders was approximately RMB 922 million, an increase of approximately 238.5% compared to approximately RMB 272 million in the same period last year. The Board of Directors recommended a final dividend of approximately HKD 169 million, or HKD 0.36 per share (cash).According to Hong Kong Stock Exchange documents, Xiamen Ruwei Information Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange.A senior Iranian official said: Diplomacy has not stopped. If the United States can return to realism, it may still be able to find a way forward.A senior Iranian official stated that Irans assessment of the "15-point proposal" is that the agreement is "one-sided and unjust," serving only the interests of the United States and Israel. The proposal lacks the minimum requirements for success.

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

Haiden Holmes

Feb 27, 2023 14:08

微信截图_20230227135413.png


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.


Suggestion