The leader of the Brazilian Amazon's Huni Kui people remains hopeful that a planned United Nations treaty will advance the fight against biopiracy: the pillaging of traditional knowledge and genetic resources.
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US Fed official says open to 'summer time' interest rate cut
The speed at which US inflation is easing means it will likely be appropriate for the Federal Reserve to start cutting interest rates over the summer, a senior Fed official said Thursday. Bostic's summer time cut prediction appears to chime with the current views in the financial markets about when the Fed could start reducing rates.
Brazil urges G20 ensure 'super-rich pay fair share' of taxes
Brazil's finance minister called Thursday for an international plan to ensure the world's super-rich pay their taxes, urging G20 nations to adopt a shared stance on preventing billionaire tax-dodging by July.
US Fed's favored inflation gauge falls, but price pressures remain
The US central bank's favored measure of inflation edged lower on an annual basis in January, government data showed Thursday, but a metric stripping out volatile food and energy prices jumped month-over-month. The closely watched "core inflation" measure, which strips out volatile food and energy costs, also eased, rising by 2.8 percent on an annual basis.
Italy says it wants Chinese carmakers but only under conditions
Italy will closely study any investments by Chinese carmakers, a minister said Thursday, after another minister said Wednesday the country was in talks with three Chinese manufacturers. Minister of Economic Development Adolfo Urso said Wednesday he was in talks with three Chinese automobile groups, without naming them.
EU lawmakers back transparency rules for Airbnb-style rentals
The European Parliament approved new data-sharing rules Thursday that clamp down on illegal short-term rentals to protect the residents of European cities -- many of whom face shortages of affordable housing.
British Airways owner IAG, Air France-KLM post bumper profits
Europe's aviation industry extended a bounceback from the Covid pandemic on Thursday, as British Airways owner IAG and Franco-Dutch rival Air France-KLM posted bumper 2023 profits.
WTO ministers struggle to forge fish, farm, digital deals
World trade ministers were locked in disagreement on fisheries subsidies, agriculture and digital customs duties as a major WTO conference entered its last scheduled day on Thursday. They include fisheries subsidies, agriculture and a moratorium on customs duties for digital transactions.
WTO talks enter final day with no clear sign of progress
The World Trade Organization's 13th ministerial conference (MC13) in Abu Dhabi entered its last scheduled day on Thursday, with major issues still stuck in the weeds. As of Thursday morning, there were no major signs of a breakthrough, with a formal closing session initially scheduled for 8:00 pm (1600 GMT) pushed to midnight (2000 GMT).
Liverpool announce £9 mn loss for 2022/23 season
Liverpool made a pre-tax loss of £9 million ($11.4 million) last season as increased commercial income failed to offset a drop in media and matchday revenues, the club's latest accounts revealed on Thursday.
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