Global coffee prices plunge after Trump removes tariffs on Brazil

Former President Donald Trump and activist Mamdani have called for New York utility Con Edison to reduce its rates. Their comments come amid ongoing discussions about utility pricing and affordability for consumers in the region. The demand for rate cuts highlights concerns regarding the financial burden on residents and businesses.

The Central Bank of Brazil is set to conduct dollar auctions amounting to $2 billion with a repurchase agreement on Monday. This initiative aims to stabilize the currency and manage liquidity in the financial markets amidst ongoing economic fluctuations.

Brazil, the host of COP30, has called for unity among nations as the climate summit faces a deadlock over fossil fuel policies. The ongoing disagreements highlight the challenges in reaching a consensus on climate action, particularly regarding the role of fossil fuels in global energy systems. This situation reflects broader tensions in international climate negotiations.

Former President Donald Trump has signed a proclamation aimed at easing regulations on certain coke oven processing plants. This move is part of his broader strategy to modify environmental regulations, potentially impacting the steel and manufacturing industries.

Florida Republicans have expressed strong opposition to President Trump's offshore oil leasing plan. The proposal has raised concerns among local communities and environmental advocates who fear the potential ecological impact of increased drilling activities in the region.

Despite President Trump's recent tariff relief, 22% of Brazil's shipments remain affected. The tariffs, initially imposed to protect U.S. industries, have led to significant trade disruptions. This situation highlights ongoing tensions in U.S.-Brazil trade relations, particularly in sectors like coffee and beef.

Brazil is concerned about losing its market share in the U.S. instant coffee sector after President Trump decided to maintain tariffs on Brazilian coffee imports. This decision comes amid rising inflation and economic pressures in the U.S., which could impact Brazilian exporters and the overall coffee market.

U.S. sanctions targeting Russia's largest oil producers, Lukoil and Rosneft, have begun to impact Moscow's ability to sell crude oil, which is vital for its economy. These sanctions are part of broader efforts to weaken Russia's financial capacity amid ongoing geopolitical tensions.