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3 mentions found


☆ A palm oil company, a group of US financiers, and the destruction of Peru's rainforest
  + stars: | 2024-12-31 | by ( Brendan Borrell | ) www.businessinsider.com   time to read: +62 min
He marveled at the efficiency of the African oil palm, which can produce five times as much edible oil per acre as corn or soy. As environmental activists raised the alarm about the palm oil industry's toll on the tropical forests of Southeast Asia two decades ago, Unilever, the world's largest buyer of palm oil, teamed up with the World Wildlife Fund and other parties to establish the Roundtable on Sustainable Palm Oil. Six years later, as a member of the Roundtable on Sustainable Palm Oil, they sold that operation to Felda Global Ventures, the third-largest palm oil company in the world, for almost $200 million. Not only was García's government offering sweetheart deals to foreign investors under its National Plan to Promote Oil Palm, but the country had more than 3 million acres suitable for oil palm. It was Washington Bolívar, the activist who had helped Ucayali's Indigenous communities fight the palm oil plantations.
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☆ Argentina cenbank mulls another rate hike to tame 100% inflation - adviser, analysts
  + stars: | 2023-04-12 | by ( Jorge Otaola | ) www.reuters.com   time to read: +2 min
BUENOS AIRES, April 12 (Reuters) - Argentina central bank board have been discussing the idea of another potential interest rate hike from the current 78% level, an adviser to the bank said on Wednesday, with analysts anticipating a 200-basis-point raise to contend with annual inflation running at over 100%. "The possibility of a new rate rise has been raised, but it is not yet defined," an advisor to the central bank told Reuters, asking not to be named as the discussions were private. A central bank spokesman declined to comment. Analysts, however, unanimously agreed another hike was likely, with monthly inflation for March expected to have accelerated to above 7%, the fastest since July last year. He agreed the rate would likely rise to 80%.
☆ The Unexpectedly Chic Halloween Decor Hiding at Home Depot
  + stars: | 2022-10-12 | by ( Allison Duncan | ) www.wsj.com   time to read: 1 min
Aranza García of interiors and architecture firm Chuch Estudio, in Mérida, Yucatán, describes Mexico’s Día de Muertos celebration as a “religious experience” marked by elaborate altars and colorful floral installations. In contrast, she says, Halloween festivities in the U.S. tend to skew fun rather than deferential, and Ms. García loves to lean into the holiday with playful accessories. Here, she shares her top picks from five mass-furnishing retailers.
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