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Countries vow major cuts to deforestation, methane emissions

A host of world leaders agreed to stop deforestation and reduce methane emissions by 2030 in two major agreements announced at the COP26 climate summit.

Trump administration cuts size of Arctic land offered for oil auction

In a last-minute change, the Trump administration cut about 30 percent of the Arctic National Wildlife Refuge (ANWR) territory that it plans to auction off for oil exploration.

China's top climate think tanks push for more cuts to coal use and emissions: Report

China’s leading climate think tanks are pushing for cuts to carbon emissions and coal use over the next five years, according to speeches and a major report China’s top experts on climate change and emissions issued on Monday.

Oil giants' production cuts come to 1mbd as they post massive writedowns

The world's five largest oil companies collectively cut the value of their assets by nearly $50 billion in the second quarter, and slashed production rates as the coronavirus pandemic caused a drastic fall in fuel prices and demand.

OPEC, allies agree to extend deep output cuts through July

Iran hails OPEC+ ‘right decision’ to decrease production

Iran: OPEC+ due output cuts unprecedented

Iran’s Oil Minister Bijan Namdar Zanganeh said the planned new crude supply cuts by the OPEC-plus to control prices in the markets are unprecedented in the history of oil production.

UBS cuts mid-term targets after 2019 profit drop

UBS Group AG cut profitability targets on Tuesday as Switzerland's largest bank grapples with ultra-low interest rates and increased competition for wealthy clients.

Venezuela cuts list of tax-free imports to boost local producers

Venezuela’s government has scaled back the number of items that can enter the country free of import taxes, in a move to bolster local manufacturers that risks undermining the supply of goods to shops.

India cuts key rate for fifth time

India’s central bank cut its key interest rate for a fifth straight time this year, moving aggressively to revive economic growth as the banking system faces new stresses.

New Zealand cuts benchmark interest rate to lowest-ever 1%

New Zealand’s central bank cut its benchmark interest rate to an all-time low of one percent on Wednesday as it forecast tougher economic conditions ahead.

India central bank cuts rates again to try to speed up growth

The Reserve Bank of India (RBI) on Wednesday cut interest rates for a fourth straight meeting in 2019, taking advantage of mild inflation to expand its effort to boost an economy growing at its slowest pace in nearly five years.

Reuters polls: Global economic growth rut at risk of deepening despite rate cuts

A global economic growth rut risks deepening, despite expectations that major central banks will cut rates or ease policy further, according to Reuters polls of over 500 economists who remain worried about the US-China trade war.

Economist: China’s tax cuts may be able to offset the cost of trade tariffs

Tax cuts could end up supporting economic growth in China, even if Beijing’s trade war with the US doesn’t improve, according to the chief economist of a Chinese investment banking firm.

Global interest rates peak as investors eye cuts

Global interest rates have peaked.

Erdogan: Turkey may extend special consumption tax cuts on cars

Turkish President Tayyip Erdogan said on Friday his government may extend existing special consumption tax cuts on cars when they expire next month, in a move aimed at boosting declining car sales.