The cost and difficulty of complying with the deforestation regulation, for example, means large palm oil plantations are likely to displace smallholder farmers in exporting to the lucrative EU market.

Opposition mayor Ekrem İmamoğlu’s strong performance for the Republican People’s party (CHP) in Istanbul marked a particularly painful blow to Erdoğan, who had campaigned vigorously for the AKP candidate in the hopes of vanquishing his most credible rival.

US investors are paying the biggest premiums since October to protect their portfolios against market gyrations as mounting tensions in the Middle East and reduced expectations of interest rate cuts fuel a surge in volatility.

One congressional aide said Maria Cantwell — the chair of the Senate commerce committee, which would normally have jurisdiction over the bill — had suggested giving ByteDance one year to divest. The option to extend the divestiture deadline would help satisfy her demand and likely reduce opposition in the Senate.

Zimbabwe has replaced its collapsed local dollar with a new gold-backed currency, the latest move by President Emmerson Mnangagwa’s government to tackle decades of monetary chaos.

Food prices surged in 2022 due to rising energy costs and lower trade caused by the war in Ukraine, while larger than expected droughts and Covid-related supply chain disruptions also took a toll. Higher prices contributed to a record 333mn people experiencing acute food insecurity in 2023, according to the World Food Programme.

If the entire (cooked) length of instant noodles sold around the world in a single year were laid out in a line, the resulting 6.2bn kilometre giga-noodle would stretch well beyond Pluto and into the depths of space. It is a fact as miserable as it is marvellous.

The US House of Representatives has voted overwhelmingly to approve a bill that would ban app stores from distributing TikTok if its Chinese owner does not divest ownership of the video-sharing platform.

Joe Biden plans to intervene in Nippon Steel’s proposed purchase of US Steel, a move that could threaten the deal and anger Japan, one of Washington’s closest allies.

Fidelity’s brokerage arm is asking ETF sponsors to pay 15 per cent of total fund revenue to avoid the $ 100 charge, said multiple people with knowledge of the support payment agreements.