Business

Rhode Island's greenhouse gas emissions rose 8.2% between 2017 and 2018, potentially jeopardizing the state's climate reduction targets. Transportation and electricity sectors drove the increase, putting the 2020 emissions reduction goal at risk.

Poland moves to cut Russian oil imports by year's end, while Germany alerts citizens about gas conservation. The European Union faces challenges in reducing dependence on Russian fossil fuels amid ongoing conflict.

The United States urged the UN Security Council to impose tougher sanctions on North Korea after its recent missile launch. Kim Jong Un vowed to expand his nuclear capabilities while preparing for a potential confrontation with the US, demonstrating continued weapons development in 2023.

President Biden offers expanded natural gas shipments to Europe, aiming to help European Union countries quickly reduce their 40% reliance on Russian fossil fuel imports

The United States and European Union have signed a preliminary data transfer agreement, addressing long-standing privacy concerns. The deal, announced by President Biden and European Commission President Ursula von der Leyen, will allow European personal information to be stored in the U.S. and provide clarity for thousands of companies operating across the Atlantic.

President Biden and Western allies announced new sanctions and humanitarian assistance for Ukraine, offering $1 billion in supplies and promising to welcome up to 100,000 Ukrainian refugees. The leaders discussed potential responses to potential Russian escalation, including chemical or nuclear weapon deployment.

The US Trade Representative's office reinstated 352 product exclusions from Section 301 tariffs on Chinese imports, covering industrial components, car parts, consumer goods, and more, extending through December 2022.

The United States has imposed fresh sanctions on Russia, targeting dozens of defense companies, hundreds of parliament members, and the chief executive of Russia's largest bank. The Treasury Department also warns about potential sanctions on gold-related transactions with Russia, aiming to remove the country's benefits in the international economic order.

Singapore's core consumer price index rose 2.2% in February, lower than expected. The Monetary Authority of Singapore anticipates potential inflation risks from geopolitical and pandemic-related disruptions, suggesting possible future monetary policy adjustments to manage economic pressures.

Russia plans to partially reopen its stock market nearly a month after shares plunged on February 24th. Trading will be allowed in 33 of 50 companies in the MOEX Index, including Aeroflot, Gazprom, and Rosneft, with heavy restrictions to prevent another massive selloff.