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On February 18th, the U.S. Southern Command announced on social media on February 17th that U.S. forces attacked three alleged drug-trafficking ships in the Eastern Pacific and Caribbean on the evening of February 16th, killing 11 people on board. Since early September of last year, the U.S. military has frequently attacked alleged drug-trafficking ships in the Caribbean and Eastern Pacific. However, the U.S. government has not released any evidence to prove that its targets were involved in drug trafficking.According to data from Maoyan Professional Edition, the movie "Pegasus 3" grossed over 800 million yuan in just two days after its release.Gold prices rose on Wednesday, February 18th, according to foreign media reports, supported by bargain hunting, after falling more than 2% the previous day due to progress in negotiations between the US and Iran, while thin trading and pressure from the Lunar New Year holiday in Asia. As of this writing, the price is up nearly 1%. The US dollar is holding steady today as geopolitical risks keep markets tense, with investors awaiting the minutes of the Federal Reserves January meeting for clues about future interest rate cuts. A stronger dollar makes dollar-denominated gold more expensive for holders of other currencies. Market participants still expect an interest rate cut this year, with January jobs data showing significantly fewer new jobs added in 2025 than previously estimated. Federal funds futures traders currently expect a 60 basis point rate cut by the end of the year, pushing the benchmark rate close to 3% and maintaining that level until at least June 2027. Federal Reserve Governor Barr said on Tuesday that the US inflation outlook remains risky, and the Fed may not cut rates again for quite some time. Chicago Federal Reserve President John Goolsby said the Fed could cut interest rates "multiple times" this year if inflation returns to its 2% target.Japanese Prime Minister Sanae Takaichi: I hope to pass the budget and tax reform bill as soon as possible.Japanese Prime Minister Sanae Takaichi: Will consider revising the Japanese Constitution.

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.