
— The U.S. government will pay TotalEnergies, a French power generation company, $928 million to scuttle its plans to build two wind farms off the coasts of New Jersey and North Carolina. Together, the projects could have powered some 1.7 million homes.
— WTO members with large digital economies such as the U.S., the EU, Canada and Japan want the moratorium permanently extended because they say it ensures predictability for global digital trade. The policy was first adopted in 1998 at the WTO's Second Ministerial Conference in Geneva as part of a declaration to encourage early digital trade growth. It covers cross-border transmissions such as software downloads, e-books, music and movie streaming and video games. Originally intended to be temporary, the tariff moratorium has been renewed roughly every two years at each WTO ministerial conference, and was most recently extended for two years at the 13th conference in 2024.
— Plaintiffs were able to sue YPF in the U.S. because the company is listed on the New York Stock Exchange.
— On Thursday, Malaysian Prime Minister Anwar Ibrahim thanked Tehran for granting Malaysian vessels "early clearance" through the strait. Meanwhile, about 2,000 ships flying the flags of other nations are stuck on either side of the strait.
— The resolution was adopted by 123 votes to three, while 52 countries abstained, including the United Kingdom and EU member states. The resolution, backed by African and Caribbean countries, is not legally binding but analysts say it sends a powerful message. Almaz Teffera, a senior researcher on racism at Human Rights Watch, told the BBC it could increase the chance of progress on discussions about reparations, or some form of compensation.