Nicolas Maduro, the president of Venezuela, declared that his nation intends to de-dollarize its economy. The Venezuelan president declared in his television program Con Maduro+, "We have to get there (in the effort of getting rid of the dollar), this is our path, the way of the new economy of freedom, where currencies are not used to punish countries and impose sanctions." Several Latin...

According to the FT, EU nations backed adoption of a restriction on the disposal of unsold and worn-out clothing. A specific restriction on the destruction of "clothing and accessories" was backed by EU nations, according to the Financial Times, which cited sources and the draft plan that the publication had access to. According to the FT, the EU wants to lower textile waste, which now makes up...

Tedros Ghebreyesus, Director-General of the World Health Organization (WHO), declared the end of the health emergency that had been in place since August 2022 as a result of a monkeypox outbreak. "Last night, the emergency committee convened its fifth meeting and made a recommendation: stop the public health emergency of global significance. I accepted that suggestion." Monkeypox is no longer a...

According to new proposals in this area, U.S. businesses and cloud service providers like Amazon, Google, and Microsoft would only be able to obtain an EU cybersecurity certificate in conjunction with an EU-based company, according to Reuters, which cited sources. The EU authorities intend to tighten cybersecurity rules for these businesses. An earlier proposal for the establishment of a...

According to the Financial Times, the European Commission is mulling the first penalties against Chinese firms because of their connections to Russia since the commencement of the war in Ukraine. A draft of the new EU sanctions package obtained by the Financial Times states that the European Commission is considering applying penalties against Chinese companies for their relationships with Russia...

According to Ukrainian President Volodymyr Zelenskyy, the cost of the conflict with Russia to his nation is $400 billion. Mr. Zelenskyy said that the damage assessment takes into account a variety of factors, including destruction of energy, transportation infrastructure, buildings, environmental harm, and facilities for the arts and sciences. The World Bank and the UN estimated in April that...

The German government is discussing the idea of prohibiting shipments of a variety of chemicals that can be used in the manufacture of sophisticated semiconductors to China, reports Bloomberg citing its own insiders in the German government. The sources claim that if the German government takes this action, German businesses like Merck and BASF won't be allowed to sell some of their chemicals to...

The Council of the European Union established a number of rules as part of the Fit for 55 in 2030 climate initiative, which aims to drastically cut greenhouse gas emissions by 2030. The EU has specifically passed legislation to limit the sale of CO2 certifications for goods brought into the EU. The EU Council approved expected 62% reduction in emissions from 2005 levels by 2030. The measures...

According to sources quoted by the Financial Times (FT), the White House has requested South Korea to ask chip makers not to supply shortages in the Chinese market if the latter puts a ban on US Micron products. The request was made prior to South Korean President Yoon Suk-yeol's trip to Washington. 25% of Micron's sales came from China in 2022. The newspaper's sources claim that US officials...