Money & Finance

Rhode Island's greenhouse gas emissions increased by 8.2% between 2017 and 2018, primarily from transportation and electricity sectors. This growth puts the state's climate reduction targets at risk, with officials concerned about meeting the 10% reduction mandate by 2020.

Poland moves to cut Russian oil by year-end, with Germany cautioning on gas conservation as European energy landscape shifts due to conflict with Russia.

The United States is pushing for stricter UN sanctions following North Korea's test of its largest intercontinental ballistic missile. North Korean leader Kim Jong Un vows to expand nuclear capabilities, signaling continued confrontation with the US and defiance of international pressure. - EXCERPT: Provides a concise overview that entices readers to learn more, includes key entities and main narrative points

The Ukraine conflict is pushing Western Europe closer to the United States, with President Biden offering expanded natural gas shipments to help Europe break free from Russian energy dependency. The EU currently relies on Russia for 40% of its natural gas needs, making this strategic shift crucial for energy security.

The European Union and United States have reached a preliminary agreement to ease data transfer restrictions, allowing European personal information to be stored in the US. President Biden and European Commission President von der Leyen announced the breakthrough during Biden's Brussels visit.

President Biden and Western allies announced new sanctions and humanitarian support for Ukraine, pledging $1 billion in supplies and offering to welcome 100,000 Ukrainian refugees. Leaders discussed potential responses to potential chemical or nuclear threats from Russia.

The U.S. Trade Representative has reinstated 352 product exclusions from Section 301 tariffs on Chinese imports, retroactively effective from October 2021. The exclusions cover industrial components, automotive parts, chemicals, and consumer goods previously subject to 7.5% to 25% tariffs under the Trump administration.

The United States has imposed fresh sanctions on Russia, targeting dozens of defense companies, hundreds of parliament members, and the chief executive of Russia's largest bank. The move aims to increase pressure on Moscow over its invasion of Ukraine and restrict its economic capabilities.

Singapore's core consumer price index rose 2.2% in February, lower than expected, but authorities warn of potential inflation pressures from global supply constraints and geopolitical tensions. The Monetary Authority of Singapore suggests ongoing challenges despite anticipated easing of external supply issues in the second half of 2022.

Russia will partially reopen its stock market with heavy trading restrictions, nearly a month after shares plunged on February 24 following the Ukraine invasion. Trading will be allowed for 33 of 50 companies in the MOEX Index, including Aeroflot, Gazprom, and Rosneft, as the country attempts to stabilize its financial markets amid Western sanctions.