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Indonesia, Norway ink deal to reward rainforest protection

Indonesia, Norway ink deal to reward rainforest protection

Indonesia, Norway ink deal to reward rainforest protection. Indonesia and Norway signed a deal Monday to reward deforestation reduction months after the collapse of a similar $1-billion agreement that was part of a UN-backed global initiative criticised for its ineffectiveness. Protecting trees is key to meeting climate goals but environmentalists blame Indonesia — home to...

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Barack Obama wins Emmy for narrating Netflix documentary

Barack Obama wins Emmy for narrating Netflix documentary

WASHIGTON – Former President Barack Obama won the best narrator Emmy Award on Saturday night for his Netflix documentary series, Our Great National Parks. The Obamas’ production company, Higher Ground, is behind the five-part series on national parks around the world. The Emmy joins Mr Obama’s two Grammy awards putting him halfway to becoming an...

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Palm oil rises over 2% as early Sept exports strengthen

Palm oil rises over 2% as early Sept exports strengthen

KUALA LUMPUR: Palm oil futures advanced on Monday as investors focused on stronger early September exports, a weaker Ringgit and rising crude prices, with a jump in stocks capping gains. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange gained 88 ringgit, or 2.45%, to 3,682 ringgit ($817.77) a tonne,...

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Indonesia considering buying Russian oil as fuel prices soar

Indonesia considering buying Russian oil as fuel prices soar

File Photo Indonesia is considering joining India and China in buying Russian oil despite threat of US sanctions. Indonesian President Joko Widodo is considering joining India and China in buying Russian oil to offset increasing pressure of rising energy costs, international media reported. According to international media, earlier this month, Widodo hiked subsidised fuel prices...

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Russia’s coal exports to Asia slipping even as discount widens

Russia’s coal exports to Asia slipping even as discount widens

There are signs that Russia is battling to sell more coal into Asian markets, even as the price of its fuel declines while alternatives from Indonesia and Australia remain elevated. In the months following Moscow’s Feb. 24 invasion of Ukraine it appeared that Russia had successfully replaced the loss of some volumes of coal exports...

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Ukraine and Russia: What you need to know right now

Ukraine and Russia: What you need to know right now

Ukraine accused the Russian military of attacking civilian infrastructure in response to a rapid weekend offensive by Ukrainian troops that forced Russia to abandon its main bastion in the Kharkiv region. Ukraine and Russia: What you need to know right now Fighting Ukrainian forces have advanced north from Kharkiv to within 50 km (30 miles)...

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Palm oil ticks higher as early Sept exports rise; MPOB data in focus

Palm oil ticks higher as early Sept exports rise; MPOB data in focus

KUALA LUMPUR: Palm oil futures firmed on Monday on strong early September exports, as traders awaited key data from Malaysia’s palm oil board. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange gained 11 ringgit, or 0.31%, to 3,605 ringgit ($800.93) a tonne by the midday break. Exports during Sept....

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Collision or coexistence?

Collision or coexistence?

A SERIES of provocative actions by the US suggest it is intensifying its confrontation with China. Announcement of a billion-dollar arms package for Taiwan, on the heels of controversial visits by US House Speaker Nancy Pelosi and other congressional members to Taipei, prompted an angry response from Beijing. China’s foreign minister described Pelosi’s visit as...

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Five dead in ‘massive’ Papua New Guinea quake

Five dead in ‘massive’ Papua New Guinea quake

A 7.6-magnitude earthquake shook Papua New Guinea Sunday, damaging buildings, triggering landslides and killing at least five people, with several others severely injured. Residents in northern towns near the epicentre reported intense shaking mid-morning that cracked roads and rattled the cladding off buildings. Local member of parliament Kessy Sawang said at least two people had...