Oceana warns of escalating plastics’ damage to marine life

A new decade-long survey of sea animals harmed by plastic rubbish in US waters has revealed data on which animals are being affected by plastic pollution.   Oceana, the world’s largest ocean conservation group, tracked about 1,800 cases of animals hurt by plastic since 2009 for a new comprehensive report.   Of the animals surveyed, […]

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Norwegian start-up to build houses from 100% recycled plastic

Norway’s building tech company Othalo has partnered with United Nations programme for human settlements and sustainable urban development to create components to build three demonstration homes to help tackle Africa’s housing shortage.   Using one of the world’s problems to solve another is the philosophy behind the Norwegian start-up’s mission to develop affordable housing from […]

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Asia-Pacific countries form world’s largest trading bloc

Fifteen countries have formed the world’s largest trading bloc, covering nearly a third of the global economy.   The Regional Comprehensive Economic Partnership (RCEP) is made up of 10 Southeast Asian countries, as well as South Korea, China, Japan, Australia and New Zealand.   The pact is seen as an extension of China’s influence in […]

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European, Asian and US polymers rise. WTI and Brent Crude rise

European polymer prices rose over the week to 20th November with increases of 15 and 20 EUR per tonne reported in the prices of PVC and ABS. In the UK region of Europe, prices fell across some grades as the Pound gained value against the Euro.   Asian polymers also rose with increases of between […]

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China pledges to open up its economy to more imports

Chinese president Xi Jinping has said China will open up its “super-sized” economy to import more high-quality goods and services.   China will also sign free trade pacts with more countries, he said on Thursday.   Mr Xi was speaking at the Asia-Pacific Economic Cooperation (Apec) forum, which includes the US and Russia.   It […]

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IMF warns of economy “losing momentum”

The global economic recovery may be losing momentum as coronavirus infections surge again, the International Monetary Fund has warned.   Fund chief Kristalina Georgieva said more economic help is needed, and warned countries against withdrawing aid too soon.   Recent progress towards a vaccine has raised hopes of a return to normal.   But despite […]

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Japan’s economy returns to growth

Japan’s economy has bounced back from recession with growth of 5% in the third quarter of this year.   It had seen its economy shrink during 2020 as lockdowns hit its manufacturing sector and consumer spending.   The world’s third biggest economy is now showing signs of recovery, although some analysts cautioned that further growth […]

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European, Asian and US polymers rise. WTI and Brent Crude rise

European polymer prices rose over the week to 13th November with increases of between 5 and 20 EUR per tonne reported in the prices of LDPE, LLDPE, PVC, ABS and Polystyrene. In the UK region of Europe, prices fell across some grades as the Pound gained value against the Euro.   Asian polymers also rose […]

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Mammoth Asian trade deal comes together

Asian leaders are due to sign a mammoth trade deal this weekend that has been nearly a decade in the making.   It includes the ten members of the Association of Southeast Asian Nations (Asean), plus China, Japan, South Korea, Australia and New Zealand.   The members make up nearly a third of the world’s […]

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US to ban investment in Chinese “military” related companies

US President Donald Trump has issued an order banning American investments in Chinese firms the government determines have ties to the Chinese military.   In the order, Mr Trump accused China of “increasingly exploiting” US investors “to finance the development and modernisation of its military”.   The ban is to go into effect in January. […]

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