Economy
Over a billion pounds of Coke plastic waste to enter waterways: study
By 2030, Coca-Cola products will account for an estimated 1.33 billion pounds (602,000 metric tons) of plastic waste entering the world's oceans and waterways each year, according to a stark new analysis published Wednesday by the nonprofit Oceana. The result: the company's plastic use is projected to exceed 4.13 million metric tons (9.12 billion pounds) annually by 2030.
UK set to cut public spending by billions of pounds
Britain's finance minister Rachel Reeves is set to detail billions of pounds of spending cuts in her Spring Statement on Wednesday to address the country's ailing public finances. An advocate of iron discipline over public finances, Reeves is set to detail cuts to welfare payments and government departmental budgets in Wednesday's highly-anticipated update.
US imposes trade restrictions on dozens of entities with eye on China
The United States added dozens of entities to a trade blacklist Tuesday, its Commerce Department said, in part to disrupt Beijing's artificial intelligence and advanced computing capabilities. Two entities in Iran and China were also added to the list for seeking to procure US items for Iran's defense industry and drone programs, the Commerce Department said.
Lula urges Mercosur-Japan deal to counter Trump protectionism
Brazil's President Luiz Inacio Lula da Silva called Wednesday for a trade deal between South America's Mercosur bloc and Japan to counter growing US protectionism. The Keidanren business federation "urgently" called in November for "expedited efforts" towards a Japan-Mercosur Economic Partnership Agreement (EPA), an accord similar to a free trade deal.
Dangote Refinery supplies jet fuel to US as Nigerians await return to petrol sales in naira
Dangote Refinery continues to improve Nigeria's balance of trade, and has now exported six vessels of jet fuel to the US. This USD sales is a welcome move.
Financial Reporting Council sets new financial charges for companies, PEBEC begins engagement
The Presidential Enabling Business Environment Council (PEBEC) has said it is addressing issues of new charges and dues imposed on companies by FRCN.
ECB's digital euro sparks flurry of online misinformation
European Central Bank president Christine Lagarde's recent remarks on a "digital euro" prompted a fresh wave of misinformation online, highlighting an uphill battle ahead to convince the public of the project's merits. - 'Strategic autonomy' - The ECB and dozens of other central banks worldwide are exploring or putting in place central bank digital currencies (CBDCs) as cash use declines.
ECB pushes back against calls for looser bank rules
The European Central Bank has pushed back against calls to loosen rules for eurozone banks despite fears they could fall behind US rivals if President Donald Trump implements major deregulation. - Banking rules stall - Still, Montagner conceded it was ultimately not his call to set rules for the eurozone banking system -- that is up to European lawmakers.
Asian stocks rise on trade optimism, but US policy uncertainty lingers
Lingering hopes that Donald Trump's planned tariff blitz next week will not be as painful as feared helped lift Asian markets Wednesday, though uncertainty about the president's policies and the US economy tempered optimism.
Economy
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