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Asian shares are lower, tracking a slump on Wall Street after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought. U.S. stocks slumped Wednesday after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought, regardless of how much Wall Street wants it. The Fed held its main interest rate steady at its highest level in more than two decades, as was expected. Wednesday on Wall Street, the S&P 500 fell 0.9% to 4,402.20. Shares of Klaviyo, which helps advertisers market over email and text messaging, rose 9.2% in their first day of trading.

Persons: Jerome Powell, it’s, ” Anderson Alves, ActivTrades, Hang Seng, Australia's, Grant Robertson, Fonterra, Powell, ” Powell, Instacart, Brent, Nick Perry Organizations: Federal Reserve, Fed, Nikkei, Toshiba Corp, Statistics New, Finance, Zealand, Dow Jones, Nasdaq, Treasury, Big Tech, Microsoft, Apple, Nvidia, Arm Holdings, New York Mercantile Exchange, U.S Locations: U.S, Shanghai, Seoul, Statistics New Zealand, China, Wellington , New Zealand

☆ Fonterra's profit more than doubles on demand for dairy ingredients, shares rise
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

The world's biggest dairy exporter also benefited from higher product pricing and strong demand for its dairy ingredients and foodservice channel. "We acknowledge that across the year, farmers will continue to feel the pressure from high input costs and a reduced farmgate milk price," CEO Miles Hurrell said. The dairy giant also expects inflationary pressures and farmgate milk price outlook to impact its production levels. That compares with normalized earnings of 80 NZ cents per share in fiscal 2023. The Auckland-based company declared a final dividend of 40 NZ cents per share, compared with 15 NZ cents declared last year.

Persons: Nigel Marple, Fonterra, Miles Hurrell, Hurrell, Himanshi Akhand, John Biju, Shounak Dasgupta, Shweta Agarwal Organizations: REUTERS, Fund, NZ, Zealand, Thomson Locations: Rapa, Hamilton, China, Zealand, Auckland, Bengaluru

Yet in Europe, sterling came under pressure after data showed Britain's high inflation rate fell unexpectedly in August, prompting speculation that the Bank of England could pause its historic run of interest rate hikes as soon as Thursday. Two-year Treasury yields were down 3.5 basis points in London trade at 5.07%, having risen sharply on Tuesday, when five- and 10-year Treasury yields reached 16-year highs. World stock markets were edging higher ahead of the Fed rate decision. UK gilt yields fell sharply as investors slashed bets for a rate hike on Thursday, with two-year yields last down over 14 bps at 4.85% . "Combined with their recent dovish commentary, we now expect the MPC to keep Bank Rate unchanged tomorrow and lower our forecast for the terminal policy rate to 5.25%," Stehn and co. added.

Persons: DAX, Kai Pfaffenbach, Jerome Powell, Lee Hardman, Sterling underperformed, Goldman Sachs, Sven Jari Stehn, Stehn, Masato Kanda, Eugene Low, Dhara Ranasinghe, Samuel Indyk, Tom Westbrook, Toby Chopra, Chizu Organizations: REUTERS, Sterling, U.S, Treasury, Federal Reserve, Bank of England, Brent, Federal, Fed, Japan's Nikkei, MPC, Monetary, Bank of, New Zealand, Thomson Locations: Frankfurt, Germany, Europe, Saudi Arabia, Russia, U.S, London, Sweden, Switzerland, Norway, Britain, Japan, Asia, Pacific, Hong Kong, China, Singapore

☆ Stocks stalled as oil surge sets stage for longer US rate peak
▼ + stars: | 2023-09-20 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

But at $93.52 a barrel, prices remain up 30% in three months as Saudi Arabia and Russia reduce output. Benchmark 10-year Treasury yields had hit their highest since 2007 at 4.371% overnight and were last at 4.36%. The yen is down 11% on the dollar this year as expectations firm for U.S. rates to stay high and Japanese rates to stay low. The yen hit a 10-month trough of 147.95 to the dollar late last week and it traded at 147.85 on Wednesday. Rising yields have kept a lid on gold prices, with spot gold last trading at $1,929 an ounce.

Persons: Brent, Stocks, Jerome, Sam Rines, Powell presser, Masato Kanda, Eugene Low, Miral Fahmy, Jamie Freed Organizations: Federal Reserve, Brent, FTSE, Japan's Nikkei, Bank of, New Zealand, Thomson Locations: SINGAPORE, Asia, Saudi Arabia, Russia, Pacific, Japan, Hong Kong, China, Texas, Sweden, Switzerland, Norway, Britain, U.S, Singapore, Australia, Argentina

☆ Stocks struggle as oil surge sets stage for hawkish Fed
▼ + stars: | 2023-09-20 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

Higher energy costs led to a bigger-than-expected spike in Canadian inflation, overnight data showed, lifting the loonie and triggering selling in the Treasury market. Benchmark 10-year Treasury yields hit their highest since 2007 at 4.371% overnight and were last at 4.36%. The Fed meeting leads a week jammed with central bank meetings and data over the next few days. British inflation figures are due on Wednesday, followed by central bank meetings in Sweden, Switzerland, Norway, Britain and Japan on Thursday. Rising yields have kept a lid on gold prices, with spot gold last trading at $1,929 an ounce.

Persons: Brent, presser, Jerome Powell's, Sam Rines, Powell presser, Masato Kanda, Kristina Clifton, Miral Organizations: Treasury, Federal Reserve, Brent, Nikkei, U.S, STERLING, OF CPI, Bank of, New Zealand, Commonwealth Bank of Australia, Bank of England, Thomson Locations: presser China, SINGAPORE, Saudi Arabia, Russia, Asia, Pacific, Japan, Texas, Sweden, Switzerland, Norway, Britain, U.S, China, Australia, Argentina

A day later, the European Union also decided not to renew the overall ban on Ukrainian food heading to five member countries. The rising tensions come after Russia halted a U.N.-brokered agreement last month to guarantee safe shipments of Ukrainian grain through the Black Sea to parts of the world struggling with hunger. These include sunflower, wheat, corn and rapeseed, as well as crude oil, meat, fruits and vegetables, milk, honey and dairy products. “We want increased control and immediate payment of the European measures.”The EU said said “the market distortions” created by Ukrainian grain have disappeared. But farmers in the five member countries still complain that a glut of Ukrainian products is hurting their livelihoods.

Persons: Mitkov, ”, “, Vassil, ___ McGrath Organizations: —, Bulgarian, European Union, Ukraine, Russia’s, National Association of Grain Producers, United Farmers National Association in, Associated Press, ” Locations: PERNIK, Bulgaria, — Farmers, Ukraine, Poland, Hungary, Slovakia, Russia, Europe, United Farmers National Association in Bulgaria, Pernik, Sofia, Radomir, ” Ukraine, EU, Manavgat, Turkey

☆ New Zealand's A2 Milk to cancel Synlait's exclusive supply rights on infant milk formula
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +1 min

An A2 milk sign is seen at the third China International Import Expo (CIIE) in Shanghai, China November 6, 2020. REUTERS/Aly Song/File Photo Acquire Licensing RightsSept 18 (Reuters) - New Zealand's A2 Milk Company Ltd (ATM.NZ) said on Monday it had given notice to Synlait Milk (SML.NZ) after market hours on Friday that it was canceling its exclusive manufacturing and supply rights for certain infant milk formula products of company. A2 Milk issued cancellation notices on Synlait's exclusive manufacturing and supply rights on stages 1 to 3 of the dairy producer's infant milk formula as Synlait's delivery in full and on time performance during fiscal 2023 fell below the required level. Synlait did not immediately respond to a Reuters request for comment but A2 Milk said the manufacturing and supply agreement between the parties would remain in place as Synlait considers the cancellation notice. Removal of Synlait's exclusivity will give the dairy firm a chance to expand production of its English label product at any facility at a time when one of its largest markets, China, introduces stringent regulations for infant formula.

Persons: Aly, Synlait, Milk, John Biju, Sandra Maler Organizations: China, REUTERS, Milk Company, Thomson Locations: Shanghai, China, Bengaluru

☆ Is one of Russia’s oldest allies slipping from the Kremlin’s orbit?
▼ + stars: | 2023-09-17 | by ( Christian Edwards | ) edition.cnn.com time to read: +12 min

“Armenia’s security architecture 99.999% was linked to Russia,” he told Italian newspaper La Repubblica earlier this month. Analysts said the effectiveness of Russia's peacekeeping presence, which began after the war in 2020, has diminished over time. “Russia failed to deliver on its promises to secure the Lachin corridor… Russia failed to deliver weapons that Armenia purchased from Russia, Russia failed to curtail Azerbaijan’s expansionist and aggressive behavior against Armenia,” said Ter-Matevosyan. But in trying to shore up its security vis-a-vis Azerbaijan, Armenia has inadvertently delivered a stinging snub to Russia. “We have to remember that Russia has a huge destructive potential in the region,” said Ter-Matevosyan, referring to Russia’s sizable military base north of Yerevan.

Persons: Vladimir Putin, Nikol Pashinyan, ”, Pashinyan, Armenia’s, Tofik Babayev, Azerbaijain, Vahram, Matevosyan, Karen Minasyan, Ter, Marie Dumoulin, Azerbaijan’s, ” Dumoulin, “, Putin, Ilham Aliyev –, He’s, Aliyev, Dumoulin, Dmitry Peskov, ’ ”, Anna Ohanyan, Ohanyan, –, Will Organizations: CNN, La Repubblica, Russian Federation, Getty, American University of Armenia, Collective Security, Organization, European Council, Foreign Relations, ICC, Politico, NATO, Stonehill College, Kremlin Locations: Armenia, Soviet, Ukraine, Rome, Russia, Azerbaijan, Italian, Russian, Nagorno, Karabakh, AFP, Turkey, Yerevan, “ Armenia, Moscow, “ Russia, Baku, Pashinyan, Massachusetts, “, Belarus, Repubblica, Western

☆ Behind Warren Buffett's $100 billion-plus bet on Apple and the iPhone
▼ + stars: | 2023-09-17 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

The new iPhone 15 is about to hit the stores, and Apple CEO Tim Cook might have already sent one to his most important investor — Warren Buffett. He bought Apple shares after realizing how devoted people are to its phones, and its unique ability to keep consumers spending within the Apple ecosystem. His return has been well over $100 billion on paper, making Apple Buffett's best investment over the past decade. "Our railroad is a very good business, but it's not remotely as good as Apple's business," Buffett said at the Berkshire shareholder meeting in May . The billionaire investor has called Apple Berkshire's "third-largest business," after its insurance and railroad holdings.

Persons: Tim Cook, — Warren Buffett, Buffett, Ted Weschler, Todd Combs, Ben Graham, Cook, buybacks Buffett, repurchases, Apple's Organizations: Apple, Oracle, New, Wall, CNBC Locations: Berkshire, Omaha

☆ Emata, a startup offering loans to farmers in East Africa, just raised $2.4 million with this 14-slide pitch deck
▼ + stars: | 2023-09-14 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Emata, a Ugandan startup that provides loans to farmers in East Africa, has raised $2.4 million in funding. It's also fundamentally unfair as farmers need capital to grow but a lot of money goes to people with connections, not the best farmers." Kampala-based Emata wants to be tech first in its offering and uses WhatsApp as a loan origination platform, given its popularity in a region where cell data is at a premium. The company claims it grew 7x in 2022 and could point to strong metrics when dealing with investors having already dispersed over $1 million in loans. Funding will go towards expanding the company's tech offering and looking into new verticals.

Persons: Bram van den Bosch, It's, Klarna, Niklas Adalberth's Norrsken, Draper Richards, Marcus Boström, van den Bosch, Emata Organizations: African Renaissance Partners, Zephyr Acorn, Draper Richards Kaplan Foundation Locations: Ugandan, East Africa, Uganda, Kampala

☆ Danilo Cavalcante: Escaped Pennsylvania killer has been captured. Here's what happens next
▼ + stars: | 2023-09-14 | by ( Nouran Salahieh | ) edition.cnn.com time to read: +9 min

CNN —The convicted murderer who escaped a Pennsylvania prison late last month is once again behind bars, now facing additional charges, after a nearly two-week manhunt that captured national attention and put the surrounding community on edge. Officers escort Danilo Cavalcante from a Pennsylvania State Police barracks in Avondale on Wednesday. “He said the law enforcement presence where he was, was immense and he felt that he needed to leave,” Clark said. “Three times, he described that law enforcement officials almost stepped on him within 7 or 8 yards,” Clark said. Prosecutors say Cavalcante stabbed Brandão 38 times in front of her two young children in Pennsylvania in April 2021.

Persons: Danilo Cavalcante, Cavalcante, George Bivens, Cavalcante’s, Danilo, hunkering, Matt Rourke, – Cavalcante, Bivens, ” Bivens, ” Cavalcante’s, David Sassa, Sassa, CNN’s Laura Coates, “, ” Sassa, Robert Clark, ” Clark, CNN’s Erin Burnett, Clark, –, CNN Cavalcante, ”, Service Philadelphia Cavalcante, isn’t, ” Josh Maxwell, Maxwell, “ There’s, ” Cavalcante, Deb Ryan, Ryan, Deborah Brandão, Brandão, ” Ryan, Sarah Brandão, Sarah Organizations: CNN, Pennsylvania, Police, Correctional Institution, Pennsylvania State Police, South Coventry Township –, Philadelphia Eagles, Alcohol, Tobacco, Firearms, Explosives, FBI, Wednesday US, Service Philadelphia, Prosecutors Locations: Pennsylvania, South Coventry Township, Cavalcante, Montgomery County, Chester, Philadelphia, Avondale, South Coventry, Chester County, Canada, Pennsylvania’s

☆ Gasoline fuels US consumer inflation; underlying trend still improving
▼ + stars: | 2023-09-13 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

The consumer price index increased by 0.6% last month, the largest gain since June 2022. Gasoline prices, which jumped 10.6% after rising 0.2% in July, accounted for more than half of the increase in the CPI last month. While that marked the second straight month of a pick-up in annual inflation, year-on-year consumer prices have come down from a peak of 9.1% in June 2022. The so-called core CPI had increased 0.2% for two consecutive months. In the 12 months through August, the core CPI increased 4.3%.

Persons: bode, Phillip Neuhart, Chris Zaccarelli, Lucia Mutikani, Chizu Nomiyama, Andrea Ricci Organizations: Federal Reserve, Labor Department, First Citizens Bank, U.S . Energy Information Administration, Treasury, Independent, Reuters, Reuters Graphics Financial, Labor Department's Bureau of Labor Statistics, United Auto Workers, General Motors, Ford Motor, Thomson Locations: WASHINGTON, New York, U.S, Charlotte , North Carolina

☆ The farming industry is struggling with labor shortages and the climate crisis. But agtech like digital cow collars and AI-quality-control tools are solving problems in unexpected ways.
▼ + stars: | 2023-09-13 | by ( Sabina Wex | ) www.businessinsider.com time to read: +9 min

Still, there are concerns about who owns the farm data and how it's being used. Chemeres said that he saw agriculture tech companies bombard farmers with innovations to mitigate this labor shortage. He believes the future of agriculture tech will be "almost surgical," he said, especially as AI comes into the field and becomes more sophisticated. These concerns came to a head in 2020, when Climate FieldView was accused of sharing farmers' data with Tillable, a platform that connects landowners with farmers. Not all tech companies do this.

Persons: Andy Lenkaitis, Lenkaitis Holsteins, Sarah Lenkaitis, Sarah, Lenkaitis, Bill Oemichen, Jeff Chemeres, Chemeres, Croptracker, Oemichen, that's, Bayer, FieldView, it's Organizations: Service, McKinsey, Credit Services, Data, Services, US Department of, The National Young Farmers Coalition, University of Wisconsin Survey Center, University of Saskatchewan, Bayer, US Locations: Wall, Silicon, Charles , Illinois, Minnesota, California, Washington, German

MADISON, Wis. (AP) — A second Republican with little name recognition is entering the U.S. Senate race to take on Democratic U.S. Sen. Tammy Baldwin, whose 2024 push for reelection is expected to be one of the most closely watched Senate contests in the nation. Trempealeau County Board Supervisor Stacey Klein filed to run on Tuesday and said she would make a formal announcement on Saturday. "Definitely not being naive about that.”Klein, 41, grew up on a dairy farm in western Wisconsin and works as a financial adviser. Klein joins Rejani Raveendran, a 40-year-old college student and chair of the University of Wisconsin-Stevens Point College Republicans, as the only announced Republican candidates. Political Cartoons View All 1154 ImagesSeveral other higher-profile Republicans have decided against taking on Baldwin next year.

Persons: —, Democratic U.S . Sen, Tammy Baldwin, Stacey Klein, Klein, “, ”, ” Klein, Rejani, Baldwin, Mike Gallagher, Tom Tiffany, Eric Hovde, Franklin, Scott Mayer, Milwaukee County Sheriff David Clarke Organizations: U.S . Senate, Democratic U.S ., University of Wisconsin, Stevens Point College Republicans, Republican, U.S, Reps, Madison, Milwaukee County Sheriff, Associated Press Locations: MADISON, Wis, Trempealeau, Wisconsin, Milwaukee County

Pennsylvania State Police posted on X, the platform formerly known as Twitter, that the department was pursuing Danelo Souza Cavalcante in South Coventry Township. Cavalcante slipped out of the 8-square-mile (13-square-kilometer) search area over the weekend, stole a dairy delivery van that had been left unlocked with the keys in it. He abandoned it more than 20 miles (32 kilometers) north of the search area, after unsuccessfully seeking help at the homes of two former colleagues late Saturday, police said. Even though Cavalcante slipped through the perimeter, it won't make things easier, Caine suggested. Bivens declined to discuss whether Cavalcante has received assistance from others, but he said no such arrests have been made.

Persons: Danelo Souza Cavalcante, Cavalcante, George Bivens, ” Bivens, he’s, “, Válter Júnior Moreira dos Reis, Craig Caine, there’s, Caine, isn't, ”, Bivens, Eléonore Hughes Organizations: Pennsylvania State Police, South Coventry Township . Police, U.S . Marshal’s Service, New, Fugitive, Force, Associated Press Locations: Pennsylvania, South Coventry Township, Chester, Brazil, Tocantins, Figueirópolis, New York, New Jersey, United States, Rio de Janeiro

He spoke with the acquaintance on a Ring doorbell camera, which captured his new clean-shaven look, but the person wasn’t home and did not respond to meet Cavalcante, Bivens said. That person was also not home but called police after a female resident saw the escaped inmate, according to Bivens. Cavalcante fled Chester County Prison within days of being sentenced to life without parole for the murder of his former girlfriend, 33-year-old Deborah Brandão. Chester County District Attorney/PA State PoliceSo far, all the reported sightings of Cavalcante have been in Chester County, where the prison is located. “We are obviously very concerned that Cavalcante has or will attempt to steal another vehicle to facilitate his escape,” Bivens said.

Persons: Danelo Cavalcante, Cavalcante, George Bivens, Bivens, ” Bivens, CNN’s Polo Sandoval, Deborah Brandão, ”, John Miller, van, ” Miller, he’s, –, Miller, “, Brandão –, – Cavalcante Organizations: CNN — Police, Ford Transit, Pennsylvania, Police, Attorney, CNN, Authorities, US Marshals Service, Pennsylvania State Police Locations: Pennsylvania, Chester, Philadelphia, Pikeland, Chester County, East Nantmeal Township, Longwood Gardens, Brazil

Shortly after 10 p.m. Saturday, police said, Cavalcante went to the Phoenixville area home of another former work associate, who wasn't home, police said. “I do not have a report of a stolen vehicle; I anticipate that we will,” he said. Cavalcante, 34, escaped from the Chester County Prison while awaiting transfer to state prison on Aug. 31 after being sentenced to life for fatally stabbing his ex-girlfriend in 2021. Police on Saturday had reported two more confirmed sightings of Cavalcante within the search area around the Longwood Gardens botanical park, the center of the search in recent days. Police had been planning to use close to 600 personnel Monday for “one massive sweep” of the search area, he said.

Persons: George Bivens, Danelo Souza Cavalcante, Bivens, “, ”, “ We’ll, Dairy, Cavalcante, van, he’s, Cavalcante’s, Válter Júnior Moreira dos Reis Organizations: —, Pennsylvania State Police, Prosecutors, Police, Saturday, Authorities, Friday Locations: Pa, Pennsylvania, East Pikeland Township, Phoenixville, Pikeland, East Nantmeal Township, Chester, Brazil, Longwood, Tocantins, Figueirópolis

☆ Pennsylvania Fugitive Is Seen About 25 Miles From Previous Search Area
▼ + stars: | 2023-09-10 | by ( Campbell Robertson | Joel Wolfram | ) www.nytimes.com time to read: +1 min

The fugitive who escaped Chester County Prison and has eluded authorities for a week and a half was seen on Saturday night near a town about 25 miles from the area where hundreds of law enforcement officers had been searching for him for days, the Pennsylvania State Police said. The state police released photos early Sunday of Danelo Cavalcante, 34, that they said were taken near Phoenixville, Pa., apparently by a door camera. He was seen clean-shaven, wearing a black baseball cap, a light-colored hooded sweatshirt and green prison pants. He had also apparently obtained a vehicle, a 2020 White Ford van with a refrigeration unit on the top. Late morning Sunday, however, the Pennsylvania State Police said in a message on X, the platform formerly known as Twitter, that “investigative leads have emerged that indicate Cavalcante is no longer” in the Phoenixville area.

Persons: Danelo Cavalcante, White Ford Organizations: Prison, Pennsylvania State Police Locations: Chester, Phoenixville, Pa

☆ Danelo Cavalcante: Convicted killer who escaped Pennsylvania prison spotted more than 20 miles from search area and changed his appearance, police say
▼ + stars: | 2023-09-10 | by ( Dakin Andone Celina Tebor Emma Tucker | Dakin Andone | Celina Tebor | ) edition.cnn.com time to read: +5 min

CNN —Danelo Cavalcante, the convicted killer who escaped from a Pennsylvania prison, was seen overnight Saturday more than 20 miles from the search area where he was last reportedly sighted, according to state police. Cavalcante fled about two weeks after he was convicted of first-degree murder for the 2021 killing of his former girlfriend, Deborah Brandão, 33, in Chester County. Cavalcante was seen in or around Chester County’s Longwood Gardens – about 3 miles from the prison – several times last week. On Monday, a security camera recorded the fugitive at Longwood Gardens, authorities said. On Wednesday, a trail camera image showed Cavalcante in or around Longwood Gardens, but officials learned about this sighting Thursday evening, according to Bivens.

Persons: Danelo Cavalcante, Cavalcante, ”, “, He’s, Baily’s, van, Dairy, Deborah Brandão, Brandão, Mark Makela, Deborah Ryan, Ryan Drummond, ” Drummond, CNN’s Michael Smerconish, Drummond, Bivens, “ We’ve Organizations: CNN, ” Pennsylvania State Police, Ford Transit, Facebook, Cavalcante, Authorities, US Marshals Service, Police, Longwood Gardens Locations: Pennsylvania, Chester County, Phoenixville, ”, West Chester, Longwood, Chester, Longwood Gardens, Brazil, Kennett Square , Pennsylvania, Philadelphia, Pocopson

Trump will wade into one of the state's largest sports crowds at Jack Trice Stadium in Ames, where Iowa State University will host the University of Iowa. Trump remains far ahead of DeSantis and other rivals in Iowa and nationally. Trump has made a habit of visiting Iowa on the same day as DeSantis, whom Trump treats as his main threat. He was in neighboring South Dakota on Friday night appearing at a state party fundraiser with Gov. Clinton also attended party events with her lesser-known rivals to demonstrate her willingness to undergo the rigor that Iowans typically demand.

Persons: — Donald Trump, Trump, Jack Trice, Ron DeSantis, DeSantis, he's, Doug Burgum, Asa Hutchinson, Vivek Ramaswamy, Kristi Noem, Sen, Hillary Clinton, Clinton, Barack Obama Organizations: DES, Republican, Saturday, Iowa State University, University of Iowa, Florida Gov, Labor, Iowa State Fair, North Dakota Gov, Arkansas Gov, —, White, Iowa Republican Party Lincoln Locations: DES MOINES, Iowa, Ames, DeSantis, Des Moines, Nevada , Iowa, Arkansas, Ohio, South Dakota

☆ Fact Check-US cities did not sign a WEF treaty to ban meat, dairy and cars
▼ + stars: | 2023-09-08 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

No cities in the United States have signed a treaty banning meat, dairy and personal cars by 2030, as suggested in a circulating headline that falsely links a report on voluntary climate goals to the World Economic Forum, which is not affiliated with the report. While the analysis does not advocate banning private cars, it similarly calculates that reducing car ownership and increasing vehicle lifespans could cut emissions by 23% (pp 84-86). The C40 Cities group describes itself as a "global network of mayors of the world's leading cities that are united in action to confront the climate crisis” (www.c40.org/). The group is not affiliated with the WEF and receives no funding from the Forum, according to a list of C40 funders. The report by C40 Cities and collaborators cited in the article does not advocate a ban on meat, dairy and cars and is not a treaty, not legally binding and not affiliated with the WEF.

Persons: Yann Zopf, Read Organizations: Economic, Urban, University of Leeds, Arup, People’s, Reuters, C40 Locations: United States

☆ Eating chocolate or cheese every day won't hurt your health, says nutritionist—just follow this rule
▼ + stars: | 2023-09-08 | by ( Lauren Armstrong | ) www.cnbc.com time to read: +4 min

Many people might describe certain foods like chocolate, cheese or potato chips as "guilty pleasures." If you want a single serving of potato chips, for example, it's going to be one to two ounces. Single-serving bags of chipsWhen I open a full-sized bag of chips, I can lose all sense of what a single serving is. That's why I've switched to one-ounce mini bags of chips, as they're usually perfectly portioned out to be a single serving. My fiancé and I love going out to dinner for date nights, and we often share entrees or desserts.

Persons: I've, that's, Lauren Armstrong, Lauren Organizations: American Heart Association, Children, Western Michigan University Locations: cheddar, dietetics, Western

☆ World food price index back at two-year low despite rice surge -FAO
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Megan Varner/File Photo Acquire Licensing RightsPARIS, Sept 8 (Reuters) - The United Nations food agency's world price index fell in August to a new two-year low, reversing a rebound seen the previous month, as a decline in most food commodities offset increases for rice and sugar. The Food and Agriculture Organization's (FAO) price index, which tracks the most globally traded food commodities, averaged 121.4 points in August against a revised 124.0 for the previous month, the agency said on Friday. The July reading was initially given as 123.9 in a rebound from a two-year low in June. The drop in the overall index reflected declines for dairy products, vegetable oils, meat and cereals, despite a jump in FAO's rice benchmark to a 15-year high following Indian export restrictions, the agency said. In contrast, the agency's rice index surged by almost 10% month-on-month as India's decision in July to ban Indica white rice exports disrupted trade at a time of tight availabilities ahead of new-crop harvests, FAO said.

Persons: Megan Varner, Gus Trompiz, Hugh Lawson, Andrew Cawthorne Organizations: Community Assistance Center, REUTERS, Rights, United, Agriculture Organization's, FAO, El, European Union, Thomson Locations: Atlanta , Georgia, U.S, United Nations, Ukraine, Oceania, Canada, FAO

☆ Policymakers see darker days ahead in China as growth sputters
▼ + stars: | 2023-09-07 | by ( Divya Chowdhury | ) www.reuters.com time to read: +3 min

MUMBAI, Sept 6 (Reuters) - Policymakers expect persistently slower growth in China, perhaps even more sluggish than current consensus estimates, seeing its transition from an infrastructure- and investment-led economy to becoming consumption-driven as "difficult". "The inflation rate in China is around 0% - that means distortion of domestic demand and domestic supply," he said. This follows economic growth in 2022 recorded at one of its worst levels in nearly half a century. The Croatian central bank chief sees narrowing room for expansionary policies in China, adding, "We have to be careful." The RBNZ has already factored in "a pretty subdued period" for commodity prices within their projections, before they see them beginning to rise again, Hawkesby said.

Persons: Takahide Kiuchi, Goushi Kataoka, Boris Vujcic, Robert Holzmann, Christian Hawkesby, Hawkesby, Divya Chowdhury, Savio Shetty, Lisa Mattackal, Mehnaz Yasmin, Mark Heinrich Our Organizations: Former Bank of Japan, Reuters Global Markets, European Central Bank, ECB, Reserve Bank of New Zealand, Thomson Locations: MUMBAI, China, Europe, Croatian, Austrian, United States, Mumbai, Bengaluru

Mexico President Andres Manuel Lopez Obrador's steps to roll back reforms aimed at opening Mexico's power and oil markets to foreign competitors ultimately sparked the trade dispute. The steps add to a significant worsening of trade relations between Washington and Mexico City, even as their economic integration grows. Like the energy policies, Washington argues that banning GMO corn for human and animal consumption violates Mexico's obligations under the trade pact. The White House has hoped to avoid escalating energy trade tensions with Mexico as it sought help on immigration and drug trafficking, but talks that began last year have made little progress. In 2022, Mexico had a $130.5 billion goods trade surplus with the United States.

Persons: Katherine Tai, Tatiana Clouthier, Trade Mary Ng, Joe Biden's, Andres Manuel Lopez Obrador's, USTR, Obrador, Biden, Donald Trump, Jarrett Renshaw, David Lawder, Stephen Eisenhammer, Tomasz Janowski Organizations: Trade, Small Business, Export, Washington, United States Trade Representative, United, Chevron, Marathon Petroleum, Comision Federal, Mexico, Ministry, U.S, North American Free Trade, Thomson Locations: Mexican, United States, Mexico, Canada, Mexico City, U.S, United States Mexico Canada, USMCA, Washington, China, Washington's

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