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Lotte Chemical to launch US-based subsidiary for electronic vehicle batteries, responding to US government announcements for 'Buy American' policies; company's petrochemical unit also plans additional production facilities in the US by 2025

Indonesian government to lift its palm oil export ban on May 23 following improvements in the domestic cooking oil situation; decision comes despite price of bulk cooking oil having not yet reached the targeted 14,000 rupiah/liter price

Tesco says it will continue with plans to remove 'buy one get one free' offers on unhealthy food and drinks this fall, despite the UK Government delaying legislation to put a wider ban in place

US, France, Germany, the UK and a number of other UN nations urging all UN members to keep food and agricultural markets open and avoid restrictive measures that could increase market volatility and threaten food security and nutrition on a global scale

Bloomberg: Past four years have seen a growing series of obstacles to strong trade relations, such as tariffs, pandemic and war-related sanctions; in long run, deglobalization to 1990 levels would lead to world becoming 3.5% poorer versus current scenario

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