Negotiations towards banning subsidies that encourage overfishing and threaten the sustainability of the planet's fish stocks have been going on at the World Trade Organization for more than two decades.

In an official ceremony at the state palace the president inaugurated Zukifli Hasan, chairman of the National Mandate Party (PAN) and a former forestry minister as the country's next trade minister, among other changes.

The region's aviation sector has been slow to recover, as governments kept restrictions such as quarantines and testing in place far longer than in Europe and the United States. 

The Australian Energy Market Operator said it had "suspended the spot market" for electricity in "all regions" because it was no longer providing "secure and reliable supply". 

BP said it would operate the $36 billion "Asian Renewable Energy Hub", an array of solar and wind facilities sprawled over 6,500 square kilometres (2,509 square miles) of Australia's sparsely populated west coast.

Asian equities were mixed Wednesday with investors nervously awaiting a Federal Reserve interest rate decision that has taken on greater significance since a forecast-busting inflation report sent shockwaves through world markets.

Treasury yields hit decade highs and the dollar a 20-year peak as futures implied it was near certain the Fed would hike by 75 basis points to a range of 1.50-1.75 percent later on Wednesday.

Pertamina is working on a smartphone app to ensure that people who are not eligible can no longer purchase subsidized gasoline.

The new rules seek to prevent conflicts of interest and ensure that leaders of state-owned enterprises (SOEs) are held accountable for losses.

The government is mulling over regulations directed in part at keeping some foreign products off domestic platforms.

However, the curbs are only being eased on a small number of chicken types -- and not the one most commonly exported to Singapore -- meaning the impact could be limited.

"The Kremlin has used our dependency on Russian fossil fuels to blackmail us," she said in a speech at the Ben Gurion University in the southern Israeli city of Beersheba.

Expectations for a 75 basis-point increase at the conclusion of a two-day meeting on Wednesday are nearly baked into prices, according to CME's Fedwatch Tool with investment banks like Goldman Sachs expecting a 75 basis-point rate hike in June and July, and a 50 basis-point rise in September.

The Finance Ministry has said that the government is phasing out the many tax incentives it introduced to buoy consumers and producers during the coronavirus pandemic.

The south Asian country is the world's biggest importer of vegetable oils and lower purchases could weigh on Malaysian palm oil futures.

Australia's energy market regulator warned there could be a power shortfall in the states of Queensland and New South Wales, which are home to more than 13 million people.

The planned electricity hike would reduce budget spending by Rp 3.09 trillion (US$210 million) with minimal impact on inflation, the government announced on Monday.

Panic has swept through trading floors since data on Friday showed US consumer prices rising at their fastest pace in a generation owing to a spike in energy and food costs caused by the Ukraine war, China's lockdowns and supply chain snarls.

The World Trade Organization's first ministerial meeting since December 2017 is wrestling with the wording of a text that would temporarily waive patents on coronavirus jabs.

Asian shares tumbled on Tuesday after Wall Street hit a confirmed bear market milestone and bond yields struck a two-decade high on fears aggressive US interest rate hikes would push the world's largest economy into recession.

Some energy companies are hunting for undiscovered oil and gas to seize the opportunity of surging prices, but experts say soaring costs — driven ironically by high energy prices — pose a challenge to boosting exploration.

The world's most popular cryptocurrency dived about 10 percent to hit $24,692 in morning London deals, striking a level last seen in December 2020.

The report from the independent, Finland-based Centre for Research on Energy and Clean Air (CREA) comes as Kyiv urges the West to sever all trade with Russia in the hopes of cutting off the Kremlin's financial lifeline.

Indonesia’s energy giant saw its profit soar as oil prices surged last year.

Despite lifting a COVID-19 freeze on recruiting foreign workers in February, Malaysia has not seen a significant return of migrant workers due to slow government approvals and protracted negotiations with Indonesia and Bangladesh over worker protections, say industry groups, companies and diplomats.

Markets tumbled in Asia on Monday and the dollar rallied as part of a global rout fueled by a forecast-beating US inflation print that ramped up bets on a more aggressive campaign of Federal Reserve interest rate hikes.

The yen fell to a fresh 20-year low against the dollar on Monday, as red-hot US inflation data drove up Treasury yields, diminishing the earlier boost from speculation Japanese authorities could intervene to support the currency.