Economy & Business

"Oil Jumps 2% On Saudi Plan To Deepen Output Cuts From July"

"SINGAPORE - Oil prices jumped more than $1 a barrel on Monday after the world's top exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July, counteracting macroeconomic headwinds that have depressed markets.

Brent crude futures were at $77.64 a barrel, up $1.51, or 2%, at 0014 GMT after earlier hitting a session-high of $78.73 a barrel.

U.S. West Texas Intermediate crude climbed $1.41, or 2%, to $73.15 a barrel, after touching an intraday high of $75.06 a barrel."

Source: Reuters, 06/05/2023

Louisiana Joins 9 Other States To Sue Feds Over Flood Insurance Premiums

"Louisiana is joining nine other states in a lawsuit against the federal government over its new system for setting flood insurance rates, which is triggering steep hikes for homeowners, Attorney General Jeff Landry announced Thursday, calling the increases a “disaster of its own” that risks driving out families and businesses."

Source: New Orleans Times-Picayune, 06/02/2023

Platform Urges More Than 1,600 High-Emitting Firms To Disclose Data

"More than 1,600 companies identified by non-profit platform CDP as having the biggest impact on the environment are not disclosing environmental data, it said as it launched its latest campaign to get firms to provide the information."

Source: Reuters, 06/01/2023

"Food Poisoning Often Caused By Sick Restaurant Workers, CDC Says"

"Food workers who clock in when sick cause a significant share of food-borne illness, the Centers for Disease Control and Prevention said in a new report, and many establishments don’t have adequate policies to prevent employees from working while contagious."

Source: Washington Post, 06/01/2023

"Delta Air Lines Hit With Lawsuit Over Claims Of Carbon Neutrality"

"A consumer class action lawsuit filed Tuesday claims Delta Air Lines inaccurately billed itself as the world’s “first carbon-neutral airline” and should pay damages. The complaint in federal court in California alleges the airline relied on carbon offsets that were largely bogus."

Source: AP, 05/31/2023

State Farm Stops New Home Insurance Sales In Calif. Amid Wildfire Risks

"State Farm said it would stop selling new insurance policies to homeowners in California, exacerbating troubles for thousands in the wildfire-prone state, who are already feeling the heat with coverage getting costlier or harder to come by."

Source: Reuters, 05/31/2023

"High-Stakes Talks To End Plastic Pollution Resume"

"Negotiations on a global treaty to combat plastic pollution will resume Monday, with nations under pressure to stem the tide of trash amid calls from campaigners to limit industry influence on the talks."

Source: AFP, 05/26/2023


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