Caused

After meeting with Marco Rubio, foreign minister Winston Peters says he made sure US understands ‘significant economic impacts on New Zealand and Pacific’Middle East crisis – live updatesNew Zealand has called on the US to send fuel tankers to the Pacific to help alleviate some of the significant economic and fuel pressure caused by the war in the Middle East.Winston Peters, New Zealand’s foreign minister, met the US secretary of state, Marco Rubio, in Washington on Tuesday, where they discussed bilateral relations, the war in Iran and the Pacific. Continue reading...

US, top carbon emitter in history, has ‘a lot of responsibility’ for causing ‘substantial’ harm globally, scientist saysThe US has caused an eye-watering $10tn in global damages to the world over the past three decades through its vast planet-heating emissions, with a quarter of this economic pain inflicted upon itself, new research has found.By being the largest carbon emitter in history, the US has caused greater harm to worldwide economic growth than any other country, ahead of China, now the world’s largest emitter that is responsible for $9tn in GDP damage since 1990, according to the findings of the paper. Continue reading...

Carriers warn they cannot hold off passing on costs for long and some airlines plan to increase flights via AsiaBusiness live – latest updatesEurope’s biggest airlines have said that that the spike in fuel prices caused by the war in the Middle East will drive up fares and are advising passengers to book early.While carriers have partly hedged the price of jet fuel, bosses said they could not avoid passing on additional costs to passengers for long. Continue reading...