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Showing posts from December 4, 2023

BREAKING NEWS !

The French government is being sued for failing to outlaw bottom trawling in Marine Protected Areas.

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The French government has been formally asked by the Environmental Justice Foundation (EJF) and Defense des Milieux Aquatiques (DMA) to address its noncompliance with EU and French regulations pertaining to bottom trawling, one of the most damaging fishing methods. These regulations are obviously broken by allowing this practice to continue in some of France's most biodiverse and endangered marine areas. The NGOs claim that this situation puts the long-term sustainability of the fisheries in jeopardy in addition to compromising the integrity of these places. Legal action will be taken in a French court if the government fails to appropriately respond to this formal request. The request specifically targets two maritime protected areas, Chausey and Bancs des Flandres, where bottom trawling is causing habitat destruction. A major factor in the decline of marine biodiversity is bottom trawling, which is the practice of dragging weighted nets across the seabed. It unintentionally captu

Amid Red Sea tensions and impending data, equities are trembling.

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  Source reuters.com Amid Red Sea tensions and impending data, equities are trembling. December 4, London (Reuters) - As investors were cautious ahead of a plethora of economic data this week that will test market bets on rate cuts from major central banks and the status of the global economy in the coming year, Wall Street stock futures fell on Monday. Dow e-minis 1YMcv1, S&P 500 e-minis EScv1, and Nasdaq 100 e-minis NQcv1 were down 0.3%, 0.4%, and 0.5%, respectively, at 07:22 ET. Attacks on commercial ships in the Red Sea on Sunday ran the risk of rekindling market concerns about an extension of Israel and Hamas' conflict, which might cloud the picture for the rise that saw U.S. stocks close last week at a record high. "That situation appears to be under control as of right now. Paul Watters, head of European credit analysis at S&P Global Ratings, stated, "But the spillovers, the risks around this, can't be underestimated -- the risks to oil if Iran became i