Economy
Fertilizer Soars as Top Nitrogen Plant Declares Force Majeure – Bloomberg
Fertilizer prices are soaring after the world’s largest nitrogen facility had to declare a force majeure. CF Industries Holdings Inc. said on Sept. 3 that it can’t fill orders from its Donaldsonville, Louisiana, nitrogen complex, which was closed ahead of Hurricane Ida, according to a letter seen by Bloomberg. That’s stoking fears of production losses at a time when supplies are already tight.
Report: Bitcoin Adoption In Africa Grows 1,200% In One Year – Bitcoin Magazine
Bitcoin adoption in Africa has skyrocketed over the past year, growing over 1,200%, according to a report by Chainalysis. The increased activity in the region has been fueled by retail investors, who resort to bitcoin every day for savings, remittances, and peer-to-peer (P2P) trading.
Artur Schaback, COO and co-founder of P2P exchange Paxful, told Chainalysis that his platform had seen stark growth in African countries, notably 57% in Nigeria and over 300% in Kenya, over the last year. In fact, Africa has the largest volume of P2P bitcoin trading in the world, as citizens often face banking restrictions to centralized bitcoin on-ramps.
Major UK Fertilizer Plants Shuttered Due To Skyrocketing Natural Gas Prices – ZeroHedge
Fertilizer producer CF Industries Holdings Inc halted two fertilizer plants in the UK on Wednesday, according to a company press release.
CF Industries Holdings, a top manufacturer of hydrogen and nitrogen products, released a statement today indicating that its Billingham and Ince, UK, manufacturing facilities suspended operations “due to high natural gas prices.” There was no timeframe on when the plants would reopen. But reasonably, one would suspect when gas prices come back down.
Environment
Fire crews struggling to save California giant sequoias – ABC
Firefighters wrapped the base of the world’s largest tree in a fire-resistant blanket as they tried to save a famous grove of gigantic old-growth sequoias from wildfires burning in California’s rugged Sierra Nevada.
The colossal General Sherman Tree in Sequoia National Park’s Giant Forest, some other sequoias, the Giant Forest Museum and other buildings were wrapped for protection against the possibility of intense flames, fire spokeswoman Rebecca Paterson said.
Indonesians hail ‘unexpected win’ in landmark pollution case – AlJazeera
“I am happy and it was unexpected that we won,” Elisa Sutanudjaja told Al Jazeera, after an Indonesian court ruled against President Joko Widodo and other top officials for failing to protect Jakarta residents from debilitating air pollution.
Sutanudjaja one of the 32 plaintiffs in a landmark “citizen lawsuit” that took to court Widodo, three of his ministers and three provincial governors to ensure clean air in the Indonesian capital.
Health
Babies could be given Pfizer’s Covid vaccine in the US this winter – Daily Mail
Pfizer‘s Covid vaccine could be rolled out to babies as young as six months in the US this winter, under plans being drawn up by the pharmaceutical giant. In a move likely to cause international controversy, the company intends to apply for authorisation to immunise American infants within the next two months.
24 states threaten legal action over Biden’s vaccine mandate – ABC
Two dozen state attorneys general are threatening legal action against the federal government over a COVID-19 vaccine mandate for private businesses.
A week after President Joe Biden announced that the Occupational Safety and Health Administration will create a rule that will require roughly 80 million workers nationwide to be vaccinated or undergo weekly testing, 24 Republican state attorneys general warned in a letter addressed to the president that they “will seek every available legal option” if the mandate is implemented.
The post Daily Digest 9/17 — Fertilizer Soars as Top Nitrogen Plant Declares Force Majeure; Bitcoin Adoption in Africa Grows 1,200% In One Year… appeared first on Peak Prosperity.
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