Majority of EU Countries Ask Bloc to Scale Back Deforestation Law

Some 20 members of the European Union asked Brussels to scale back and possibly suspend the bloc's anti-deforestation law on Tuesday, saying the policy would harm farmers, in the latest blowback against Europe's environmental agenda.

The EU law aims to root deforestation out of supply chains for beef, soy and other agricultural products sold in Europe, so that European consumers are not contributing to the destruction of global forests from the Amazon to Southeast Asia.

Those rules equally apply to European farmers, who will be banned from exporting...

ANALYSIS: High Whole EU Egg Prices Leave Little Room For Movement Ahead of Easter

Historically, the pre-Easter period in Europe has been a peak time for the egg industry, characterized by rising prices leading up to the extended holiday weekend. However, this year, the uptick has been comparatively subdued, with minimal deviation observed from the 2024 trendline. Over the past five years, cage liquid whole egg values have reached an average Easter peak of 1.76 €/kg, reflecting a 22.4% increase from the Q1 five-year average low. This year, the price increase has been more restrained...

EU Approves 11th Sanctions Package Against Russia Over Ukraine

European Union governments agreed on Wednesday to an 11th package of sanctions against Russia over its invasion of Ukraine, aimed at stopping other countries and companies from circumventing existing measures.

The new package, tweeted by Sweden as EU president, forbids transit via Russia of an expanded list of goods and technology which might aid Russia's military or security sector.

The biggest novelty, diplomats said, was enabling restrictions on the sale of sensitive dual-use goods and technology to third countries that might sell it on to Russia. Names of such countries...