Glacier in Antarctica. David Vaughan / AP
Climate threatGlobal challenges
EU: Antarctic sea ice extent is at a record low
For the second year in a row, the sea ice melted away to record low levels during February, according to the EU agency Copernicus Climate Change Service (3CS) according to AFP.
- The Antarctic sea ice reached its smallest extent in the 45 years that satellite data has been collected, says 3CS deputy director Samantha Burgess.
On February 16, the record low figure of 2.09 million square kilometers was recorded. This continues the negative trend that has been going on for over a decade - this year and last year the ice cover was around 30 percent smaller than the average between 1981 and 2010.
Michael Sohn / AP
ECB vs inflation
Investors: EMU's inflation will match that of the US
For the first time since the global financial crisis, investors expect long-term inflation in the euro area to match that of the United States, Bloomberg reports.
Long-term measures of European price pressures have lagged behind corresponding measures in the US. But concerns about, among other things, energy supply have contributed to speculation about a possible change in the inflation regime, writes the news agency.
However, Mizuho's fixed income strategist Evelyne Gomez-Liechti is skeptical.
- I do not believe that we are in a regime change where the Eurozone's inflation expectations permanently match those of the United States. But in the short term, the gap may continue to be very small, she says.
António Guterres. Hadi Mizban / AP
Russian invasionGlobal food crisis
The UN chief: "Crucial" that the grain agreement is extended
UN Secretary-General António Guterres said on Wednesday that it is "crucial" that the grain agreement with Russia be extended. The agreement concerns the possibility of exporting grain and fertilizers from Ukrainian ports in the Black Sea, reports the Reuters news agency.
The agreement expires on March 18. Russia has signaled that it opposes an extension, this as long as the restrictions remain regarding its own country's exports of agricultural products.
According to Reuters, Turkish diplomats have taken it upon themselves to mediate between the parties - which they have done successfully in the past.
The mediators state that Ankara is "working very hard" to extend the agreement.
Yevgeny Prigozhin. AP
The Russian invasion The sanctions
Sanctions against Prigozhin's mother are a setback for the EU
The EU made a mistake when it imposed sanctions on Wagner boss Yevgeny Prigozhin's mother Violetta, according to the European Court of Justice. The announcement is a heavy victory for Russia, reports TT.
"The connection between Mrs. Prigozhina and her son [...] is based solely on their family ties and therefore not sufficient to justify her inclusion on the contested list," reads a press release.
The sanctions were based on Violetta Prigozhina's ownership in her son's company, but the court considers it proven that she had no ownership in the said companies since 2017, but only shares.
The result is said to make it more difficult for countries that want Russians' relatives to be covered by the sanctions to a greater extent.
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