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☆ Russia pitches trading centers in a widening plan to move away from the US-dominated global financial order
  + stars: | 2024-10-14 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +5 min
Russia is proposing alternative payment systems and commodity centers. Challenges include entrenched dollar dominance and existing global trading systems' liquidity. Other than championing alternative payment systems based in non-dollar currencies, Russia is also pitching the set-up of centers for mutual trade in commodity resources. Moving BRICS trade to trading centers within the bloc would also involve the use of local currencies and facilitate a move away from using the dollar for trade, according to the document. Russia faces an uphill battle in changing the basics of dollar-dependent financial trading systems.
Persons: —, Yakov, Brent Organizations: Service, Russia's Finance Ministry, Partners, Tass, Chicago Mercantile Exchange, Grain, country's Agriculture Ministry, Brent, International Monetary Fund Locations: Russia, Moscow, Ukraine, Brazil, India, China, South Africa, Russian, Pakistan, Kazan, masse, Scotland
☆ Ukraine's relentless targeting of the Black Sea Fleet has disrupted Russia's efforts to block a key export
  + stars: | 2023-09-29 | by ( Erin Snodgrass | ) www.businessinsider.com   time to read: +4 min
Ukraine has increased its attacks on Russia's Black Sea fleet in recent weeks. AdvertisementAdvertisementA recent spate of destructive Ukrainian attacks on Russia's Black Sea Fleet may have as much to do with Ukraine's economic prospects as its military tactics. AdvertisementAdvertisementUkraine's economic interest in the Black Sea is an added layer to the warfare already ongoing in the region. Ukraine has long had reason to target Russia's Black Sea Fleet, which plays a key role in launching long-distance missile strikes. Ukraine recently launched missile strikes on the Black Sea Fleet's headquarters in the city of Sevastopol.
Persons: —, Simon Miles, Miles, they've Organizations: Service, United Nations, Black, Duke University's Sanford School of Public, Soviet Union, UN, The New York Times, NATO, The Times, Ukrainian Locations: Ukraine, Russia, Crimean, Black, Soviet, Romania, Bulgaria, Turkey, Crimea, Sevastopol
☆ Tunisia to cut off public water supplies overnight due to drought
  + stars: | 2023-03-31 | by ( Tarek Amara | ) www.reuters.com   time to read: +2 min
TUNIS, March 31 (Reuters) - Tunisia will cut off water supplies to citizens for seven hours a night in response to the country's worst drought on record, state water distribution company SONEDE said in a statement on Friday. The country's agriculture ministry earlier introduced a quota system for potable water and banned its use in agriculture until Sept. 30, as the country battles with a drought that is now in its fourth year. SONEDE said in a statement that the water will be cut off daily from 9 p.m until 4 a.m, with immediate effect. Tunisia recorded a drop in its dam capacity to around 1 billion cubic meters, or 30% of the maximum, senior agriculture ministry official Hamadi Habib said. The agriculture ministry has also banned the use of potable water to wash cars, water green areas and clean streets and public places.
☆ Denmark to allow mink breeding again from 2023
  + stars: | 2022-09-23 | by ( ) www.reuters.com   time to read: +1 min
Mink pelts are seen stored at Danpels, a mink pelting company, during the outbreak of the coronavirus disease (COVID-19) in Aars, Jutland, Denmark, December 11, 2020. REUTERS/Andrew KellyCOPENHAGEN, Sept 23 (Reuters) - Denmark will not extend a ban on mink breeding when the current ban expires at the turn of the year, the country's agriculture ministry said on Friday. The government introduced the temporary ban after it ordered the culling of about 17 million mink in 2020 over fears of the animals spreading a mutated coronavirus variant. The decision caused controversy after it emerged there had been no legal basis to call for healthy mink to be culled. "For the government, it has only been about public health when it comes to the question of mink breeding in Denmark," Agriculture Minister Rasmus Prehn said in a statement.
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