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US Supreme Court appears split over US agency powers in fishing dispute

By John Kruzel and Andrew Chung WASHINGTON (Reuters) - The U.S. Supreme Court on Wednesday appeared divided over a bid to further limit the regulatory powers of federal agencies in a dispute involving

IMF chief urges countries to shift fossil fuel subsidies to fight climate change

By David Lawder (Reuters) -International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday that countries need to shift some $7 trillion in direct and indirect annual subsidies

Supreme Court hears arguments over US agency powers in fishing dispute

By John Kruzel and Andrew Chung WASHINGTON (Reuters) -The U.S. Supreme Court began hearing arguments on Wednesday in a dispute involving a government-run program to monitor for overfishing of herring

IMF chief says countries should shift fossil fuel subsidies to fight climate change

(Reuters) - International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday that countries need to shift some $7 trillion in direct and indirect annual subsidies for fossil fuels

Magnitude 5.6 earthquake strikes Mindanao, Philippines -GFZ

(Reuters) - A magnitude 5.6 earthquake struck Mindanao, Philippines, on Wednesday, the German Research Centre for Geosciences said. The quake was at a depth of 10 km (6.21 miles), GFZ said. (Reporting

Winter weather snarls air, train travel across Europe

FRANKFURT/ OSLO (Reuters) -Freezing rain in central and southern Germany grounded hundreds of flights and restricted train traffic on Wednesday, while heavy snowfall in Norway's capital lead to the

Oslo airport closed due to heavy snowfall

OSLO (Reuters) - Oslo's main airport closed for safety reasons on Wednesday due to heavy snowfall in Norway's capital region and many train services and other public transport also faced severe delays

Supreme Court may reel in US agency powers in fishing dispute

By John Kruzel and Andrew Chung WASHINGTON (Reuters) - The U.S. Supreme Court on Wednesday is due to hear arguments in a dispute involving a government-run program to monitor for overfishing of

UN chief says phase-out of fossil fuels ‘essential and inevitable’

DAVOS, Switzerland (Reuters) - United Nations Secretary-General Antonio Guterres on Wednesday said the phase-out of fossil fuels was essential and inevitable to avoid a global climate catastrophe. "

London underprepared for deadly climate change risks, report warns

LONDON (Reuters) - London is underprepared for the heatwaves, flooding and rising sea levels it is forecast to experience in coming years, a report commissioned by Mayor Sadiq Khan said on Wednesday.

On Camera

Hormuz crisis won’t replace the dollar with yuan. De-dollarisation is a myth

Recent data does not support any dramatic shift away from the dollar. As per IMF, the share of international transactions conducted in dollars has declined from 56.90% to 56.77%.

Haryana’s new industrial policy in the works, but industry says old problems remain unsolved

Increase in employment subsidy, Rs 500 crore for estate revamp, new townships in pipeline—but land cost, power breakdowns and inspector raj top among key worries for industry leaders.

Military pushes for private participation in space, more Indian satellites. ‘Can’t rely on single entity’ 

CDS Anil Chauhan says future space capability will not be built by government agencies alone. ‘It will be co-developed with industry, start-ups, and technology innovators’.

Trump, Netanyahu’s Iran gamble: The regime change rebound

American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.