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UN shipping body approves global carbon pricing system
UN shipping body approves global carbon pricing system
by  AFP

Member states of the International Maritime Organization have voted in favour of a global pricing system to help curb maritime carbon emissions, the UN shipping body announced Friday. A majority of members -- 63 states -- voted for the carbon pricing system, including the European Union, Brazil, China, India and Japan.

African Development Bank chief warns of tariff 'shock wave'
African Development Bank chief warns of tariff 'shock wave'
by  AFP

An onslaught of tariffs by the United States will send "shock waves" through African economies, the president of the African Development Bank said on Friday, warning of reduced trade and higher debt-servicing costs. A baseline 10-percent levy remains in place for all countries, along with higher tariffs on Chinese imports to the United States -- scrambling decades of global trade policy.

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