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Exclusive: Brazil’s Bolsonaro may backtrack, boost environmental fines to protect Amazon

SAO PAULO, May 24 (Reuters) – Brazilian President Jair Bolsonaro could sign a decree as soon as Tuesday to step up fines for environmental crimes, two officials familiar with the matter told Reuters, a move that would allow more aggressive protection of the Amazon rainforest . The government officials, who were not authorized to speak …

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Stocks slump on growth concerns, bond yields slip

Stocks slide on bearish earnings, economic data China talks stimulus, but economic damage already done Euro near 4-week high as Lagarde flags July rate hike NEW YORK / LONDON, May 24 (Reuters) – Shares slid worldwide on Tuesday as supply chain woes and surging costs hurt corporate earnings and slowed manufacturing output, while Treasury yields …

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Legendary lithium riches from Bolivia’s salt flats may still just be a mirage

SALAR DE UYUNI, Bolivia, May 23 (Reuters) – On Bolivia’s Salar de Uyuni, a vast white salt flat that feels almost otherworldly, Karina Quispe is watching from the sidelines a global resource race for the world’s largest – and almost untapped – trove of battery metal lithium. Her village on the edge of the salar …

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Indonesia policy uncertainty hampers resumption of palm oil exports

Trucks with palm oil fresh fruit bunches are parked in a queue at a palm oil factory in Siak regency, Riau province, Indonesia, April 26, 2022. Picture taken with a drone April 26, 2022. REUTERS / Willy Kurniawan Register now for FREE unlimited access to Reuters.com Register JAKARTA, May 23 (Reuters) – Indonesia allowed a …

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Asia stocks stifled by inflation, China concerns

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Shanghai Composite index, Nikkei index and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, March 7, 2022. REUTERS / Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register HONG KONG, May 23 (Reuters) …

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Canada’s busiest airport battles delays ahead of summer travel

MONTREAL / TORONTO, May 20 (Reuters) – As Canada’s busiest airport, in Toronto, grapples with unusually long lines, a global airline trade group has urged Canadian authorities to take action to curb the hours-long queues ahead of the upcoming summer travel season . Airports from Canada to England are wrestling with long-lines and delays, as …

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Germany and Italy approved Russian gas payments after nod from Brussels – sources

A model of the natural gas pipeline is seen in front of displayed word EU and Russia flag colors in this illustration taken March 8, 2022. REUTERS / Dado Ruvic / Illustration Register now for FREE unlimited access to Reuters.com Register Some EU states refuse to comply with Russian payment demands Others approve Russian payments …

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Exclusive: China quietly increases purchases of low-priced Russian oil

SINGAPORE, May 20 (Reuters) – China is quietly ramping up purchases of oil from Russia at bargain prices, according to shipping data and oil traders who spoke to Reuters, filling the vacuum left by Western buyers backing away from business with Russia after its invasion of Ukraine in February. The move by the world’s biggest …

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More Russian oil going east squeezes Iranian crude sales to China

Rise in Russian sales follows Western sanctions on Moscow About 20 tankers with Iranian oil anchored off Singapore Russia and Iran consult, but still compete for buyers Russian sales rise even as China’s COVID steps hit demand LONDON, May 19 (Reuters) – Iran’s crude exports to China have fallen sharply since the start of the …

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Stock bounce fades and the dollar gains as growth fears return

LONDON, May 18 (Reuters) – A rebound in stocks ran out of steam on Wednesday as concerns about the economic growth outlook and rising inflation knocked sentiment, while a UK inflation reading of 9% underlined just how much higher interest rates might be headed. European shares were mostly lower and futures on Wall Street pointed …

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