2025-09-29 22:20
SAO PAULO, Sep 29 (Reuters) - More Brazilians have reduced their coffee consumption, according to a bi-annual study carried out with over 4,000 people in Latin America's largest economy reported on Monday. WHY IT'S IMPORTANT Brazil, the world's largest coffee producer, is also the second largest coffee consumer, behind the U.S. Sign up here. Earlier this year, global coffee prices hit record highs due to supply issues in producers such as Brazil and Vietnam. In Brazil, coffee has been among the foods and drinks whose prices have risen the most within the country's official inflation index IPCA in last two years. BY THE NUMBERS Some 24% of respondents said they have reduced their coffee consumption, according to the study, commissioned by the Brazilian coffee industry lobby Abic to research institute Axxus. That was up substantially from 3% in 2023, 5% in 2021 and 7% in 2019. Meanwhile, 2% of respondents said they have increased their coffee consumption in 2025, far lower than 16% in 2023, 49% in 2021 and 36% in 2019. Respondents who said they drink more than six cups of coffee per day fell to 26% in 2025, from 29% in the previous edition of the study. KEY QUOTES "The survey showed an important drop in the intensity of consumption," said Sergio Pereira, one of the coordinators of the study. "We also observed a greater weight of price in the purchasing decision," said Pereira, also a scientific researcher at the Coffee Center of the Campinas Agronomic Institute, a partner in the study together with the Center for Industrial Economics and Technology at University of Campinas. https://www.reuters.com/world/americas/more-people-cutting-coffee-consumption-2nd-largest-market-brazil-study-shows-2025-09-29/
2025-09-29 22:06
Countries cut overseas oil and gas finance by up to 78% Follows Clean Energy Transition Partnership struck in 2021 NGOs warn of backsliding; clean energy investment lagging LONDON, Sept 29 (Reuters) - Public funding for international fossil fuel deals fell by up to 78% last year across a coalition of 35 countries, though members of the group, including Germany and the United States, approved new projects, research by a group of NGOs showed on Tuesday. Countries agreed atUN climate talks in 2021 to cease the practice by the end of 2022 and prioritise investment in clean energy instead. The agreement, known as the Clean Energy Transition Partnership, covers export finance, development finance and official development assistance. Sign up here. Tuesday's report from think tank the International Institute for Sustainable Development, and NGOs Oil Change International and Friends of the Earth U.S. said trade wars, rising geopolitical tensions and the United States' decision to withdraw from the coalition and prioritise oil, fossil gas and coal production put future efforts at risk. "Multilateral cooperation on climate and energy is more fragile than ever," the report says. "Furthermore, the significant reduction in support for international fossil fuels has not led to a corresponding increase in support for clean energy technologies." In 2024, overseas fossil fuel financing had decreased by up to 78%, or between $11.3 billion and $16.3 billion, compared with 2019-2021 levels, before the agreement was signed. Germany, Switzerland and the United States were among the members to jointly approve $10.9 billion in new fossil fuel financing from 2023 to 2024, the report added. https://www.reuters.com/sustainability/cop/green-energy-pact-has-curbed-fossil-fuel-funding-2025-09-29/
2025-09-29 21:55
US government shutdown may start Wednesday, causing widespread disruptions Shutdown may halt FAA hiring, training, and safety initiatives Air traffic controller shortage worsens with potential furloughs WASHINGTON, Sept 29 (Reuters) - U.S. airlines warned on Monday that a partial federal government shutdown could strain American aviation and slow flights, as air traffic controllers and security officers would be forced to work without pay and other functions would be halted. Airline trade group Airlines for America, which represents United Airlines (UAL.O) , opens new tab, Delta Air Lines (DAL.N) , opens new tab, American Airlines (AAL.O) , opens new tab, Southwest Airlines (LUV.N) , opens new tab and others, warned that if funding lapses, "the system may need to slow down, reducing efficiency" and impacting travelers. Sign up here. The warning about air travel highlights the latest potential collateral damage from the political dispute in Washington over government funding. "When federal employees who manage air traffic, inspect aircraft and secure our nation’s aviation system are furloughed or working without pay, the entire industry and millions of Americans feel the strain," the group said. Air traffic controllers and about 50,000 Transportation Security Administration employees who staff airport checkpoints are among the government workers who would be required to keep working but would not be paid. In 2019, during a 35-day shutdown, the number of absences by controllers and TSA officers rose as workers missed paychecks, extending checkpoint wait times at some airports. The Federal Aviation Administration was forced to slow air traffic in New York, which put pressure on lawmakers to quickly end the standoff. The shutdown is expected to begin on Wednesday unless there is an agreement between the Democrats and Republicans on a government funding bill. Congressional Democratic leaders left a meeting with President Donald Trump on Monday without reaching a deal. In a separate letter, airline groups, aviation unions, manufacturers, airports and other aviation groups warned shutdowns force the FAA to "suspend air traffic controller and technician hiring and training, delay the implementation of safety initiatives, postpone maintenance and repair work to critical air traffic equipment, suspend air carrier pilot check rides, delay airworthy inspections for aircraft, defer the analysis of voluntary safety reporting, and suspend work on modernization programs." An extensive shutdown could delay the FAA's certification of the Boeing (BA.N) , opens new tab 737 MAX 7 and slow the $12.5 billion overhaul of air traffic control. The FAA said that under its shutdown plan released in March it would not be able to conduct air traffic controller hiring or field training of air traffic controllers. Transportation Secretary Sean Duffy said on Friday he was concerned a shutdown could jeopardize air traffic training and the modernization effort. Hundreds of air traffic control trainees at the FAA Academy in Oklahoma City could also be furloughed "causing significant delays in the training pipeline and worsen the ongoing air traffic controller staffing crisis," the National Air Traffic Controllers Association said, adding "a government shutdown of any length could cause significant setbacks." The FAA is about 3,800 controllers short of targeted staffing levels. A persistent shortage of controllers has delayed flights and many are working mandatory overtime and six-day weeks. https://www.reuters.com/sustainability/sustainable-finance-reporting/major-airlines-warn-government-funding-lapse-could-strain-aviation-slow-flights-2025-09-29/
2025-09-29 21:35
Sept 29 (Reuters) - NextEra Energy (NEE.N) , opens new tab said on Monday that the U.S. nuclear regulator has approved the license renewal for two units of its Point Beach plant in Wisconsin for another 20 years. The Nuclear Regulatory Commission's approval extends operations at Units 1 and 2 through 2050 and 2053, respectively. Sign up here. Nuclear power supply is gaining traction in the U.S. after years of stagnation, fueled by surging electricity demand from energy-hungry data centers and the electrification of transportation and manufacturing industries. President Donald Trump on his first day back in office in January issued an order declaring an energy emergency, and in late May, signed executive orders directing the NRC to ease regulations and expedite licensing processes for reactors and power plants. NextEra said that the two units, which began operations in the early 1970s, supply about 14% of Wisconsin's total electricity, enough to power nearly one million homes and businesses. It operates on a 1,200-acre site along Lake Michigan. The Turkey Point nuclear power plant in Florida operated by NextEra's sister company Florida Power & Light Company (FPL) secured license renewal approval late last year, while FPL's St. Lucie Nuclear Power Plant is undergoing the renewal process. https://www.reuters.com/business/energy/nexteras-wisconsin-nuclear-plant-units-get-license-extension-20-years-2025-09-29/
2025-09-29 21:30
TSX ends up 0.7%, at 29,971.91 Eclipses last Monday's record closing high Materials group rises 1.1% as gold hits record high Technology gains 2.8%, with Shopify up 6.2% TORONTO, Sept 29 (Reuters) - Canada's main stock index rose to another record high on Monday, as technology shares climbed and investors who are upbeat on prospects for the global economy cheered the index's heavy weighting in cyclical stocks. The S&P/TSX composite index (.GSPTSE) , opens new tab ended up 210.63 points, or 0.7%, at 29,971.91, eclipsing last Monday's record closing high. Sign up here. "It's rinse and repeat almost every day for Canada lately," said Mike Archibald, a portfolio manager at AGF Investments. " It's one of the best performing global markets. It's got all the stuff you want if you're constructive on coordinated global growth into 2026. Sectors, such as financials, energy, materials and industrials tend to benefit particularly from stronger economic activity. They account for 77% of the TSX's weighting. "It looks like GDP growth is going to be better next year than this year in many parts of the world, so in a backdrop like that having exposure to financials and commodities and industrials ... is a thing of beauty," Archibald said. The materials sector (.GSPTTMT) , opens new tab, which includes fertilizer companies and metal mining shares, rose 1.1% as gold notched another all-time high and despite a decline of 4% for the shares of Barrick Mining (ABX.TO) , opens new tab. The company appointed veteran executive Mark Hill as interim president and CEO following the sudden resignation of Mark Bristow. Technology (.SPTTTK) , opens new tab was up 2.8%, with e-commerce company Shopify Inc (SHOP.TO) , opens new tab adding 6.2%. OpenAI introduced a feature that would allow users to make purchases through ChatGPT, in partnership with Etsy (ETSY.O) , opens new tab and Shopify. Shares of cannabis producers climbed after U.S. President Donald Trump advocated the potential benefits from the use of cannabidiol in senior healthcare in a social media post. Curaleaf Holdings Inc (CURA.TO) , opens new tab jumped nearly 35%. Energy was the only one of 10 major sectors to end lower, losing 1.5%. The price of oil settled down 3.45% at $63.45 a barrel on expectations that OPEC+ will approve another increase to crude oil production at its meeting on Sunday. https://www.reuters.com/markets/europe/tsx-futures-rise-gold-gains-us-government-shutdown-fears-loom-2025-09-29/
2025-09-29 21:03
Sept 29 (Reuters) - Jamie is enjoying some well-deserved time off, but the Reuters markets team will still keep you up to date on what's happening in markets. The spectre of a U.S. government shutdown loomed large across asset classes, with the Tuesday midnight deadline for an agreement little more than 24 hours away. Sign up here. I'd love to hear from you, so please reach out to me with comments at [email protected] , opens new tab Today's Key Reads Today's Key Market Moves Today's Key Talking Points * Shutdown bearing down Investors were girding for a U.S. federal government shutdown that could disrupt a wide range of services as soon as Wednesday. Trump was meeting with congressional leaders on Monday in a last-ditch effort to reach an agreement. Markets have largely shrugged off past shutdowns, but there were reasons to think this time could be different, with stocks trading at record highs and pricey valuations. One issue is the delay of economic data in the event of a shutdown, starting with the U.S. employment report due on Friday, and whether such delays might muddy the ability for the Federal Reserve to make monetary policy decisions. * Nearly three-quarters done Are we here already? Tomorrow marks the last day of the third quarter, which has been a bang-up period for U.S. stocks. The S&P 500 is up over 7% in the quarter, on track for its best third-quarter performance since 2020, while the tech-heavy Nasdaq Composite has gained nearly 11% in this quarter alone. The benchmark S&P 500 is well on its way to a third straight year of solid double-digit percentage gains. * L-B-Oh! In a jolt to the M&A landscape, video game developer Electronic Arts has agreed to sell itself to a group of private investors in a deal that valued it at $55 billion. That would be the largest leveraged buyout in history, if completed. The buyers of the videogame maker, whose titles include "Battlefield" and "Madden NFL," are Saudi Arabia's Public Investment Fund, Jared Kushner's Affinity Partners and private equity firm Silver Lake. What could move markets tomorrow? Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles , opens new tab, is committed to integrity, independence, and freedom from bias. Trading Day is also sent by email every weekday morning. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. https://www.reuters.com/business/global-markets-trading-day-2025-09-29/
