MUNICH AIRPORT: FLIGHT OPERATIONS WILL RESUME GRADUALLY STARTING AT 7 A.M. ON OCTOBER 4, 2025 – WEBSITE NOTICE
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VIDEO SHOWS: HIGHLIGHTS FROM QUALIFYING FOR INDONESIAN GRAND PRIX OF THE MOTOGP WORLD CHAMPIONSHIP AT THE MANDALIKA INTERNATIONAL STREET CIRCUIT COMPLETE SCRIPT TO FOLLOW SHOWS: MANDALIKA, INDONESIA (OCTOBER 4, 2025) (DORNA – See restrictions) SHOTLIST TO FOLLOW STORY: TO FOLLOW
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It's not only for health reasons that we are being told to eat less red meat. The climate and environment are under massive strain from our meat-heavy diet. There's still a long way to go when it comes to changing our food systems, new research shows. Potsdam, Germany (dpa) – Meat is murder – but not only of animals. Our dependence on environmentally unsustainable foods like red meat is driving a climate crisis that is claiming lives in floods, storms and other natural disasters made more likely by climate change, and the authors of a new study are calling on us to change. Global food production is responsible for around 30% of global greenhouse gas emissions, according to a damning new report by the EAT-Lancet Commission, accusing humanity of failing to address a critical issue in the climate crisis. Even if we manage to transition global energy away from fossil fuels, our current food systems will prevent us from limiting global warming to 1.5 degrees Celsius, the group warns. At the same time, the researchers note that while wealthy nations consume more than their share of carbon-intensive foods, billions of people lack access to healthy nutrition. "More than half of the world's population struggles to access healthy diets, leading to devastating consequences for public health, social equity, and the environment," the authors write. The commission, an international panel of experts established by the non-governmental organisation EAT and the journal The Lancet, aims to develop strategies for healthy human diets while protecting the planet. For a stable climate and healthy planet "Transforming food systems is a major ecological and social challenge, but it is a prerequisite for having a chance to return to a stable climate system and a healthy planet," says Johan Rockström, director of the Potsdam Institute for Climate Impact Research (PIK) and co-chair of the EAT-Lancet Commission. "Our eating habits can save lives, drastically reduce emissions, slow biodiversity loss and contribute to greater equity." The report says that if humanity can shift to what's known as the Planetary Health Diet, we could save approximately 15 million lives annually that are prematurely ended by diet-related diseases. The diet closely resembles common nutritional recommendations: plenty of fruits and vegetables, whole grains, nuts and legumes, along with three to four eggs per week, fish, poultry and only minimal meat from cattle, sheep and goats. Ruminants emit significant greenhouse gases The consumption of red meat not only poses a long-term cancer risk but also contributes significantly to greenhouse gas emissions. During digestion, animals like cows, sheep and deer produce large amounts of methane, a potent greenhouse gas. According to the report, 53% of non-CO2 greenhouse gases from agriculture come from ruminants. If people worldwide adopted healthier diets, emissions from the food sector could be reduced by 15%. Current eating habits, experts say, often lack fruits, vegetables, nuts, legumes and whole grains, while meat, dairy products, fats, sugar and highly processed foods are consumed in excess. The goal, the group says, is not a one-size-fits-all diet. The Planetary Health Diet is flexible and compatible with a wide variety of foods, cultures, dietary habits, traditions and individual preferences. However, significant changes would be required in how, where, and what food is produced. Some sectors would need to shrink — for example, red meat production would need to decrease by about one-third. Other areas, such as fruit, vegetable, and nut production, would need to expand by nearly two-thirds compared to 2020 production levels. Other proposed solutions include reducing food loss and waste along the supply chain and promoting agricultural practices that increase productivity while minimising environmental impacts. This includes less invasive soil cultivation methods compared to deep ploughing. A climate-neutral food system is theoretically possible Unprecedented investments and efforts in all these areas could potentially lead to a climate-neutral food system, the report states. The findings build on the analysis of a previous commission presented in 2019. Currently, food production is the single largest driver of exceeding planetary boundaries, which include not only climate change but also disruptions to the nitrogen and phosphorus cycles and ocean acidification. "Obesity rates continue to rise globally, and the pressure exerted by food systems on planetary boundaries shows no signs of abating," the authors write. "The report provides the clearest guidance yet on how to feed a growing global population without exceeding the Earth's safe operating space as defined by planetary boundaries," says Rockström, lead author of thereport , published in October. The experts also highlight social aspects, calling for fair wages and safe working conditions for all food sector workers, as well as greater inclusion of small-scale farmers, Indigenous peoples, women and other often underrepresented groups in decision-making processes. The following information is not intended for publication dpa fm yyzz n1 zlw kll coh
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By Arathy Somasekhar HOUSTON (Reuters) -Oil prices settled higher on Friday but posted a weekly loss of 8.1% after news of potential increases to OPEC+ supply. Brent crude futures closed up 42 cents, or 0.7%, at $64.53 a barrel by, while U.S. West Texas Intermediate crude was up 40 cents, or 0.7%, at $60.88. For the week, Brent fell 8.1%, the largest weekly loss in over three months. WTI tumbled 7.4% in the week. "The expected increase in OPEC+ production and the Iraq/Kurdish pipeline beginning to flow after being shut in the past two years is keeping sellers present in crude," said Dennis Kissler, senior vice president of trading at BOK Financial. "Hamas is also starting negotiations with the Trump administration on a peace plan. Add in the bearish EIA storage data from earlier this week and it's hard to be bullish crude in the near term," Kissler said. Eight OPEC+ countries are likely to further raise oil output on Sunday with the group’s leader Saudi Arabia pushing for a large increase to regain market share and Russia suggesting a more modest rise, four people with knowledge of the OPEC+ talks said. Potentially higher OPEC+ supply and slowing global crude refinery runs owing to maintenance and a seasonal dip in demand in the months ahead are set to weigh on market sentiment, analysts said. "Demand indicators have fallen a touch through the Atlantic Basin as summer demand comes to an end. The over-supplied implied balance from a fundamentals perspective starting in October is gaining ground," said Rystad Energy analyst Janiv Shah. JPMorgan analysts, meanwhile, said they believed September marked a turning point, with the oil market heading towards a sizeable surplus in the fourth quarter and into next year. Meanwhile, crude oil flowed through a pipeline from the semi-autonomous Kurdistan region in northern Iraq to Turkey on Saturday for the first time in 2-1/2 years, Iraq's oil ministry said earlier this week. Meanwhile, U.S. President Donald Trump gave Hamas until Sunday night to agree to his proposal to end Israel's war in Gaza. U.S. crude oil, gasoline and distillate inventories rose last week as refining activity and demand softened, according to the Energy Information Administration on Wednesday, further weighing on prices. On the supply side, producers cut oil rigs by 2 to 422, oilfield service provider Baker Hughes said. Elsewhere on Friday, a fire broke out at Chevron's El Segundo refinery overnight, though a county official said the flames had been confined to one area. The refinery is one of the largest on the U.S. West Coast, with capacity of 290,000 bpd. It was not immediately clear if there was any impact on production, but the impact on oil prices could be limited, analysts said. (Reporting by Robert Harvey and Sudarshan Varadhan; Editing by David Goodman, Susan Fenton, Chris Reese and Diane Craft)
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TOKYO, Oct 4 (Reuters) – Former Japanese internal affairs minister Sanae Takaichi and Farm Minister Shinjiro Koizumi have advanced to a run-off vote to decide the next leader of the ruling Liberal Democratic Party (LDP) on Saturday. The winner is expected to replace Shigeru Ishiba as prime minister since the LDP remains the largest party in parliament. However, following the recent elections, the LDP-led coalition no longer holds majorities in either chamber and will require cooperation from opposition lawmakers to govern effectively. Takaichi won the most number of votes with 183 out of the total 589 valid votes, while Koizumi came in second place with 164 votes in a field of five candidates. The run-off vote will follow shortly. (Reporting by Satoshi Sugiyama and Makiko Yamazaki Editing by Chang-Ran Kim)
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(Reuters) -Drugmaker AbbVie in a regulatory filing on Friday said it expects third-quarter earnings to include a $2.7 billion charge related to in-process research and development (IPR&D) expenses. The drugmaker also forecast third-quarter adjusted earnings per share in the range of $1.74 to $1.78, according to the filing. (Reporting by Siddhi Mahatole in Bengaluru; Editing by Sahal Muhammed)
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JAPAN FARM MINISTER KOIZUMI GETS 164 VOTES IN LDP LEADERSHIP RACE, SHORT OF MAJORITY
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MANDALIKA, Indonesia, Oct 4 (Reuters) – Aprilia's Marco Bezzecchi seized a dominant pole position in qualifying for the Indonesian Grand Prix after demolishing the lap record at Mandalika on Saturday, while newly-crowned 2025 MotoGP champion Marc Marquez qualified a lowly ninth. Bezzecchi's blistering lap of one minute and 28.832 seconds was enough to comfortably finish ahead of Spanish duo Fermin Aldeguer, riding for Gresini Racing, and Raul Fernandez of Trackhouse, who will line up second and third, respectively. "It's true that I'm quite quick, but the pace was pretty close with many other riders that are super quick, and you know in MotoGP you can never relax," Bezzecchi said. "I'm happy for the qualifying for sure because it (is) also great for tomorrow, not only today and this is important. "Now we still have to do the main part of the weekend that are the races. So, let's keep ourselves focused and give our best." The session also marked a significant milestone for Aldeguer, the 20-year-old rookie securing his first-ever front row start in MotoGP. "We put different goals for this race – try to improve the Friday's, the qualifying," Aldeguer said. "Super happy because we are working on ourselves, without looking at other riders, we are super focused … Starting at second position is a good opportunity to look at our potential and try to judge." Yamaha's Alex Rins and KTM's Pedro Acosta rounded up the top five. Meanwhile, two-times MotoGP champion Francesco Bagnaia struggled to maintain the momentum from his flawless Japanese Grand Prix weekend. The Ducati rider missed out on Q2 and will start a disappointing 16th on the grid for Saturday's sprint and Sunday's race. (Reporting by Pearl Josephine Nazare in Bengaluru; Editing by Jacqueline Wong)
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VIDEO SHOWS: HIGHLIGHTS FROM QUALIFYING FOR INDONESIAN GRAND PRIX OF THE MOTOGP WORLD CHAMPIONSHIP AT THE MANDALIKA INTERNATIONAL STREET CIRCUIT COMPLETE SCRIPT TO FOLLOW SHOWS: MANDALIKA, INDONESIA (OCTOBER 4, 2025) (DORNA – See restrictions) SHOTLIST TO FOLLOW STORY: TO FOLLOW
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(Corrects paragraph 16 to say almost three quarters, instead of more than three quarters) By Laura Matthews and Saqib Iqbal Ahmed NEW YORK (Reuters) -The long-awaited resumption of the Federal Reserve's rate-cutting cycle is likely to cheapen hedging of dollar exposure for foreign investors and increase their motivation to guard more of their U.S. assets against further currency weakness. In September, the U.S. central bank lowered interest rates by an expected 25 basis points to 4.00-4.25% on labor market concerns and indicated more cuts would follow later this year. That cut narrows the interest-rate differential between the U.S. and other developed countries, which helps to lower the hedging costs for foreign pensions, sovereign funds and other institutional investors, managers and analysts said. The ICE U.S. Dollar Index is down about 10% this year, partially driven by foreign investors increasing hedging activity on worries about the impact of U.S. trade and tariff policies on their U.S. assets, market participants said. "There are some people that are watching it, that have been waiting for the resumption of the cutting cycle by the Fed," said Van Luu, global head of solutions strategy for fixed income and foreign exchange for Russell Investments in London. "Now they are inclined to raise the hedge ratio, and they're waiting for the right moment or they're waiting for some kind of catalyst." Hedging is a way to limit losses on an existing portfolio by using financial instruments such as derivatives to create an offsetting position. Since it often involves selling dollars via forwards or swaps, any rise in hedging activity can spell additional weakness for the beleaguered greenback. NEW-FOUND NEED TO HEDGE High hedging costs and a bullish view on the buck were two major factors suppressing FX hedging ratios in recent years, according to a June report from the Bank for International Settlements. Years of dollar strength meant foreign investors could leave U.S. assets unhedged since it boosted their overall returns and was a source of diversification. Now that's set to change. With the greenback down significantly this year and with more potential weakness on the horizon, hedging could help blunt the hurt from unfavorable FX moves. Markets are pricing in about two more quarter-point rate cuts this year, which could incentivize investors who want to ramp up their hedges but have found the cost to do so a deterrent. GUARDING MORE BUSINESS AGAINST CURRENCY SWINGS Foreigners currently have more than $30 trillion invested in U.S. stocks and bonds, according to Morgan Stanley, $8 trillion of which is held by European investors. Rising concerns over Fed leadership, its independence, and U.S. policy uncertainty have helped keep pressure on the dollar, even as U.S. stocks have rallied. The S&P 500 is up about 14% for the year, near a record high. "The strong gains in U.S. (stock) market and the very sharp U.S. dollar falls are unusual but they’re not unheard of – we think an increase in hedging is part of the reason for this divergence," said Steve Dooley, head of market insights at Convera in Melbourne. A July research note from Deutsche Bank showed that equity investors in Germany and Austria have increased their hedge ratios to 60-70% from 20-30% at the start of the year. A new report from the Danish central bank showed that insurance companies and pension funds are shielding almost three quarters of their dollar investments from currency swings. The Deutsche note stated that some high-profile pension funds plan to top up those ratios after the summer. "I think foreign investors are still inclined to hedge away their dollar exposure," Thierry Wizman, global FX and rates strategist at Macquarie in New York, said. "So they will come out again at some point in the next few weeks … you're going to see another round of dollar hedging by foreign institutions," he said. Research from MillTech also shows that 86% of European corporates are currently hedging their forecastable currency risk, up from 67% in 2023, with their mean hedge ratio rising to 49% from 43%. Joseph Hoffman, chief executive officer at Mesirow Currency Management, said the shift among international investors is not mainly about short-term interest-rate advantages, but is driven "more by a bearish structural view on the dollar rooted in the Fed’s policy, heightened political uncertainty, and persistent fiscal deficits." WHAT'S MY COST? Still, a lower cost of hedging will likely draw those investors who may have held off boosting hedges due to price considerations. For instance, the 4% annual hedging cost for investors in Japan and Switzerland, based on current interest rates, remains a big hurdle. It costs other euro-based investors around 2% annually. "I think there's like a psychological level that if the hedge cost goes to 1% or below, which is on the horizon for EUR investors over the next 12 months, people wouldn't worry about it as such," said Russell's Luu. (Reporting by Laura Matthews and Saqib Iqbal Ahmed in New York; Editing by Alden Bentley and Andrea Ricci)
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