Puerto Rico is suing the oil industry for at least $1 billion, joining a list of nine states and dozens of municipalities taking legal action against oil companies for their alleged role in producing “climate change” effects, E&E News reported.

The pan-European Stoxx 600 index ended the session down 0.69%, with bank stocks tumbling 1.5% as utilities managed a 0.1% gain.

European markets closed slightly higher on Monday, with a murky political and economic backdrop leaving global stocks listless.

Far East to U.S. ocean freight rates are up between 36%-41% month over month, while air freight prices have jumped 9% this year.

LONDON — European stocks fell on Tuesday as investors looked ahead to the Federal Reserve’s next meeting and U.S. inflation data.

LONDON — European stocks opened lower Monday as traders reacted to initial results from the EU Parliament elections which suggest far-right parties have surged in popularity.

It will mark the official end to the record fast-hiking cycle that begun after the Covid-19 pandemic as inflation soared.

An ocean container capacity crunch has hit global trade just as peak shipping season starts, with freight spot rates up some 30% over the past few weeks and heading higher.

Mary Ellen Iskenderian’s Women’s World Banking has partnered with more than 70 organizations around the world to reach over 185 million women.

JPMorgan Chase’s chairman and CEO, Jamie Dimon, says a “hard landing” for the U.S. cannot be ruled out.