Stories for October 2023

Saturday, October 7th 2023 - 07:16 UTC
EU begins applying the Carbon Mechanism on seven imports with surcharges to 20% to 35%

The European Union has been proactive in pressuring its trading partners to adhere to its domestic greenhouse gas emissions reduction goals, primarily rooted in protectionism. First, with the imposition of the Deforestation Law last June. Now, with the adoption of the Carbon Border Adjustment Mechanism (Cbam), Brussels subjects imports of seven inputs to surcharges of 20% to 35% if production exceeds its environmental limits. Brazil is among the top ten potentially most affected exporters, especially in the iron and steel sectors.
Saturday, October 7th 2023 - 07:03 UTC
FAO Food Price Index in September 10,7% below a year ago

The FAO Food Price Index, which tracks monthly changes in the international prices of globally-traded food commodities, averaged 121.5 points in September, compared to 121.4 points in August. At this level, the index is 10.7% below its value a year ago and 24.0% below its all-time high reached in March 2022.
Saturday, October 7th 2023 - 07:00 UTC
Nobel Peace Prize for imprisoned Iranian woman activist; UN calls on Teheran to release all human rights defenders

Imprisoned Iranian activist Narges Mohammadi has been awarded the Nobel Peace Prize in recognition of her tireless campaign for women's rights and against the death penalty. United Nations Secretary-General Antonio Guterres hailed Ms Narges and the Peace Prize as a tribute to all those women who are fighting for their rights at the risk of their freedom, health and lives.
Saturday, October 7th 2023 - 06:36 UTC
Sir Lindsay Hoyle: “Why I became a champion and advocate for the British Overseas Territories”

By Sir Lindsay Hoyle, Speaker of the UK House of Commons

From the Pitcairn Islands in the Southern Pacific Ocean to the British Indian Ocean Territory almost 10,000 miles away, the British Overseas Territories (OTs) all have one thing in common – they are British.
Friday, October 6th 2023 - 10:50 UTC
Argentina not to pay IMF maturities until after the elections

Argentina will pay maturities worth US$ 2.6 billion to the International Monetary Fund (IMF) after the Oct. 22 presidential elections, it was reported Thursday in Buenos Aires. However, US$ 1.28 billion was due Friday, another US$ 640 million on Oct. 12, while a third payment of US$ 673 million was scheduled for the last working day of the month.
Friday, October 6th 2023 - 10:40 UTC
Argentina: Grim future for controversial politician Insaurralde

Things are going from bad to worse for former Buenos Aires Cabinet Chief Martín Insaurralde, whose scandal with high-profile escort Sofía Clerici on a luxury yacht off Marbella splashed Argentine Economy Minister and presidential candidate Sergio Massa's chances in the upcoming Oct. 22 elections.
Friday, October 6th 2023 - 10:39 UTC
Venezuela: Arrest warrant issued against opposition leader Guaidó

Venezuela's Attorney General's Office issued an arrest warrant on Thursday against opposition leader Juan Guaidó for the crimes of treason and usurpation of functions, it was reported in Caracas. Guaidó is currently residing in the United States.
Friday, October 6th 2023 - 10:36 UTC
The sky is the limit for the “blue” dollar in Argentina

As underground exchange parlors were raided Thursday, the “blue” (a euphemism for “black market”) dollar soared against the Argentine peso, it was reported in Buenos Aires.
Friday, October 6th 2023 - 10:13 UTC
Moody's foresees Argentina's future between bad and worse

Regardless of who becomes Argentina's next president as of Decf. 10, 2023, Moody's foresees inflation in the South American country next year will reach 350%. The rating agency's “baseline scenario” scenario also contemplates an economic contraction of 3.5% by 2023, followed by another 2.5% next year, with prices climbing up to 25% each month.
Friday, October 6th 2023 - 08:49 UTC
Mount Blanc has lost two meters over two years, French geometers blame climate change

Mont Blanc, the Alps' highest peak and the highest mountain in Europe outside of the Caucasus range, has lost more than two meters in height over the past two years, according to French researchers.