
The global trade wars may not be over, but U.S. Federal Reserve officials on Thursday said the economy may have weathered the worst of it as risks begin to ease and businesses adjust to a new trade environment.

The number of fires in the Amazon rainforest grew 30.5% in 2019 from the previous year, according to data released by space research agency INPE. The agency said the number of fires detected in the Amazon region was 89,178 in 2019 compared with 68,345 fires in 2018.

Brazilian industrial production slumped in November after rising for three consecutive months, marking the weakest performance for the month in four years, the government statistics agency IBGE said on Thursday.

Ukraine airliner that crashed in Iran, killing all 176 people aboard, was likely brought down by an Iranian missile, Canada's prime minister, Justin Trudeau, said on Thursday, citing intelligence from Canadian and other sources.

Iran has invited the U.S. National Transportation Safety Board to take part in its investigation into the crash of a Ukrainian jetliner and the U.S. agency has agreed to assign an investigator, an Iranian official said on Thursday.

A U.S. district judge dismissed a lawsuit filed by New York-based hedge fund Aurelius Capital against Argentina, related to an alleged payment shortfall under securities offerings linked to the country’s gross domestic product.

UK and the EU will remain the “best of friends” but they will “not be as close as before” after Brexit, the new European Commission president has said. Speaking ahead of talks with the PM, Ursula von der Leyen warned it would be “impossible” to reach a comprehensive trade deal by the end of 2020.

The initial assessment of Western intelligence agencies is that a Ukrainian airliner which crashed in Iran on Wednesday was not brought down by a missile, said a Canadian security source. The source said the agencies believed the Boeing 737 plane had suffered a technical malfunction.

Twitter Inc has suspended more than a dozen accounts associated with Venezuela's government and military, including the OPEC nation's oil ministry and the armed forces' operational command.

More than a dozen cities and towns across Italy introduced traffic curbs on Wednesday in a bid to cut harmful emissions following a spike in pollution. A prolonged period of sunny weather with little rain or wind has pushed up air pollution across the country, triggering smog alerts in more than 60 municipalities.