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El Nino will brew up potent new economic storm

Just when you thought it was safe to hope interest rates might soon peak, along comes more bad news. It looks likely that the El Nino weather phenomenon has returned, according to both the U.S. National Oceanographic and Atmospheric Administration and the Australian Bureau of Meteorology. Its appearance usually results in, or exacerbates, floods, heatwaves, water scarcity and wildfires, especially in the southern hemisphere. The damage these inflict on crops and infrastructure is inflationary, putting pressure on central banks to tighten monetary policy. If climate change makes such events stronger and more frequent, supply shocks will become embedded. ....

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Australia's Suncorp forecasts rise in FY24 natural hazard costs amid La Niña

Australian general insurer Suncorp on Tuesday forecast a 12% jump in costs associated with catastrophe reinsurance premiums and natural hazards in fiscal 2024 on the back of adverse weather events through the La Niña cycle in recent years. ....

New Zealand , Roushni Nair , Shailesh Kuber , Steve Johnston , Thomson Reuters Trust Principles , Suncorp Group , Thomson Reuters Trust ,

Explainer: How Japan plans to release Fukushima water into the ocean

Japan is set to begin pumping out more than a million tonnes of treated water from the destroyed Fukushima Daiichi nuclear power plant this summer, a process that will take decades to complete. ....

United States , Fukushima Daiichi , Gerry Doyle , Tokyo Electric Power Company , Thomson Reuters Trust Principles , Scientific American , Thomson Reuters Trust , Rsbi Water Management , Repi Governance , Repi Grid Infrastructure , Repi Nuclear , Rsbi Climate Change ,

China to restrict exports of chipmaking materials as US mulls new curbs

China will control exports of some metals widely used in the semiconductor industry, its commerce ministry announced on Monday, the latest salvo in an escalating war over access to high-tech microchips between Beijing and the United States. ....

United States , Jason Neely , Siyi Liu , Philippa Fletcher , Dominique Patton , Tom Hogue , Thomson Reuters Trust Principles , Beijing Newsroom , Thomson Reuters Trust ,

Japan to get crucial U.N. verdict for Fukushima water release

Japan is set to receive a final report from a U.N. watchdog on Tuesday that is widely expected to approve a plan for the tsunami-wrecked Fukushima plant to release radioactive water into the ocean over the next 30 to 40 years. ....

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