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Iran says it struck Israeli radar centers and airports on Saturday.The Israeli military has confirmed that Iran launched a missile.On March 29th, the Guangdong Provincial Administration for Market Regulation, in conjunction with the Guangzhou Municipal Administration for Market Regulation, held a symposium for platform enterprises. The meeting focused on issues such as regulating fair and rational competition in the platform economy, providing administrative guidance to platform enterprises, and jointly proposing implementation measures. The meeting pointed out that Guangdong Province and Guangzhou City, leveraging their traditional industrial advantages, have a large number of operators and significant business volume on leading platforms nationwide. Platform rules are crucial for the operation and development of small and micro-sized businesses. The meeting encouraged platforms to take effective measures to strengthen compliance, improve compliance levels, and focus on innovative, standardized, and win-win development. Efforts should be made to continuously strengthen compliance in areas such as regulating competitive behavior, respecting merchants independent operating rights, implementing quality grading and control, protecting the rights and interests of small and micro-sized businesses, empowering the incubation of high-quality brands, and protecting the legitimate rights and interests of consumers. This will jointly resist "involutionary" competition, promote high-quality development of the industry, and drive out inferior players with superior ones.March 29th - With the Iraq War nearing its one-month mark, shipping through the Strait of Hormuz continues to be disrupted, disrupting the global energy supply system and causing international oil prices to soar. Wan Zhe, a professor of economics at Beijing Normal University, stated that firstly, global inflation faces a full-scale rebound, and rising oil prices will be transmitted along the entire industrial chain. Costs across all industries, including energy, food, transportation, and chemicals, will surge, with economies highly dependent on energy imports, such as Europe, Japan, and India, facing even greater pressure. The US is a net energy exporter, but inflationary stickiness may become completely entrenched, putting the Federal Reserves monetary policy in a dilemma. Currently, the average price of gasoline in the US has surged by more than 30% in three weeks, directly reversing the previous downward trend in inflation and completely altering market expectations for interest rate cuts. A prolonged high-interest-rate environment will directly suppress the US real estate market, corporate financing, and stock market valuations. Especially this year is a US midterm election year, and gasoline prices are one of the most sensitive livelihood indicators for American voters. For global economic growth, there will be a slowdown, as high oil prices directly erode disposable income, squeeze non-energy consumption, and also increase production costs for businesses.On March 29th, the Victorian government announced in an email that residents of the state would not have to pay for public transport for one month, starting March 31st. The Tasmanian government stated in a press release that it would waive bus and ferry fares from March 30th to July 1st. Australia faces a significant risk to fuel supplies, with hundreds of petrol stations reporting fuel shortages and disruptions occurring in agriculture and mining. Australian Prime Minister Albanese reassured anxious households and businesses on Friday that short-term supplies were secure.

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.