• BUSINESS
    • BUSINESS
    • U.S. LEGAL NEWS
    • DEALS
    • AEROSPACE AND DEFENSE
    • DATA DIVE
    • FINANCE-BANKS
    • AUTOS
    • MARKETING AND ADVERTISING
  • MARKETS
    • MARKET
    • US DOLLAR REPORT
    • COMMODITIES
    • FUNDS
    • BONDS
    • EARNINGS
    • DIVIDENDS
  • WORLD
    • WORLD NEWS
    • U.S. NEWS
    • SPECIAL REPORTS
    • MEXICO
    • BRAZIL
    • AFRICA
    • RUSSIA
    • EURO ZONE
    • MIDDLE EAST AND NORTH AFRICA
    • CHINA
    • JAPAN
    • INDIA
  • POLITICS
    • POLITICS
    • SUPREME COURT
  • TECH
    • TECHNOLOGY NEWS
    • SCIENCE NEWS
    • TOP 100 INNOVATORS
    • ENVIRONMENT
    • INNOVATION
  • COMMENTARY
    • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS
  • MONEY
    • MONEY
    • RETIREMENT NEWS
  • LIFE
    • LIFESTYLE
    • HEALTH NEWS
    • SPORTS NEWS
    • ARTS
    • ENTERTAINMENT NEWS
    • ODDLY ENOUGH
  • SECTORS
    • ENERGY
    • BASIC MATERIALS
    • INDUSTRIALS
    • CYCLICAL CONSUMER GOODS
    • NON-CYCLICAL CONSUMER GOODS
    • FINANCIALS
    • HEALTHCARE
    • TECHNOLOGY
    • TELECOMMUNICATIONS SERVICES
    • UTILITIES
WeeklyNews
  • August 11th, 2026

Financetime

  • BUSINESS
    • BUSINESS
    • U.S. LEGAL NEWS
    • DEALS
    • AEROSPACE AND DEFENSE
    • DATA DIVE
    • FINANCE-BANKS
    • AUTOS
    • MARKETING AND ADVERTISING
  • MARKETS
    • MARKET
    • US DOLLAR REPORT
    • COMMODITIES
    • FUNDS
    • BONDS
    • EARNINGS
    • DIVIDENDS
  • WORLD
    • WORLD NEWS
    • U.S. NEWS
    • SPECIAL REPORTS
    • MEXICO
    • BRAZIL
    • AFRICA
    • RUSSIA
    • EURO ZONE
    • MIDDLE EAST AND NORTH AFRICA
    • CHINA
    • JAPAN
    • INDIA
  • POLITICS
    • POLITICS
      U.S. President Donald Trump gestures during a working session at the G20 leaders summit in Hamburg, Germany July 8, 2017. Wolfgang Rattay

      Factbox: Trump on Twitter (July 11) - Mississippi crash, Olympics, Mosul

      MSNBC's Joe Scarborough and Mika Brzezinski arrive for the annual White House Correspondents' Association dinner in Washington, U.S. on April 25, 2015. Jonathan Ernst

      MSNBC host leaving the Republican party, becoming an independent

      Donald Trump Jr. (L) walks off stage with his father Republican U.S. presidential nominee Donald Trump after Trump's debate against Democratic nominee Hillary Clinton at Hofstra University in Hempstead, New York, September 26, 2016. Brian Snyder

      Among Trump associates, concern and frustration over Donald Jr. crisis

      Environmental Protection Agency Administrator Scott Pruitt speaks during an interview for Reuters at his office in Washington, U.S., July 10, 2017. Yuri Gripas

      Transcript of Reuters interview with EPA Administrator Scott Pruitt

    • SUPREME COURT
      The building of the U.S. Supreme Court is seen after it granted parts of the Trump administration's emergency request to put his travel ban into effect immediately while the legal battle continues, in Washington, U.S., June 26, 2017. Yuri Gripas

      Supreme Court lifts block on Wisconsin 'cocaine mom' law during appeal

      A family embraces each other as members arrive at Washington Dulles International Airport after the U.S. Supreme Court granted parts of the Trump administration's emergency request to put its travel ban into effect later in the week pending further judicial review, in Dulles, Virginia, U.S., June 26, 2017. James Lawler Duggan

      U.S. travel ban bars grandparents, fiances from six Muslim countries

      U.S. Chief Justice John Roberts (seated C) leads Justice Ruth Bader Ginsburg (front row, L-R), Justice Anthony Kennedy, Justice Clarence Thomas, Justice Stephen Breyer, Justice Elena Kagan (back row, L-R), Justice Samuel Alito, Justice Sonia Sotomayor, and Associate Justice... Jonathan Ernst

      Supreme Court's recent unity faces looming test

      Iranian Foreign Minister Mohammad Javad Zarif meets with Greek Prime Minister Alexis Tsipras (not pictured) at his office at the Maximos Mansion in Athens, Greece, April 23, 2017. Michalis Karagiannis

      Iran's Zarif: 'regrettable' that U.S. Supreme Court revived U.S. travel ban

  • TECH
    • TECHNOLOGY NEWS
      The logo of Toshiba Corp is seen behind cherry blossoms at the company's headquarters in Tokyo, Japan April 11, 2017. Toru Hanai

      Toshiba regains access to credit line but tough conditions applied: sources

      A 3D printed Apple logo is seen in front of a displayed cyber code in this illustration taken March 22, 2016. Dado Ruvic/Illustration

      Apple sets up China data center to meet new cyber-security rules

      A Faraday Future FF 91 electric car takes off across the stage in an exhibition of speed during an unveiling event at CES in Las Vegas, Nevada January 3, 2017. Steve Marcus

      LeEco-backed Faraday Future moves SUV production as work halts on Las Vegas plant

      Brazilian indigenous people and representatives from google talk about the project 'I'm Amazon by Google' during the presentation of new Google Earth project in Sao Paulo, Brazil July 11, 2017. Leonardo Benassatto

      Google Earth to let users post stories, photos in coming years

    • SCIENCE NEWS

      NASA probe grazes Jupiter's clouds in brush with Great Red Spot

      Artist Heather Dewey-Hagborg poses with 3-D printed masks created from DNA extracted from cheek swabs and hair clippings she received from formerly imprisoned U.S. Army Private Chelsea Manning while she was in jail, ahead of the August 2, 2017 opening of 'A Becoming Resemblance', an exhibition at the Fridman gallery in New York City, July 7, 2017. Mike Segar

      Artist to debut 3D portraits produced from Chelsea Manning's DNA

      A volunteer checks on plants inside a simulated space cabin in which he temporarily lives with others as a part of the scientistic Lunar Palace 365 Project, at Beihang University in Beijing, China July 9, 2017. Damir Sagolj

      China tests self-sustaining space station in Beijing

      Bourbon whiskey barrels in St. Philip, Barbados December 2, 2016. Picture taken December 2, 2016. Adrees Latif

      Driving under the influence in car powered by whisky biofuel

    • TOP 100 INNOVATORS
      A sensor is seen spinning atop a Google self-driving vehicle before a presentation at the Computer History Museum in Mountain View, California, U.S., May 13, 2014. Stephen Lam

      House panel to unveil self-driving car legislation soon: aide

      The logo of Toshiba is seen as a shareholder arrives at Toshiba's extraordinary shareholders meeting in Chiba, Japan March 30, 2017. Toru Hanai

      Toshiba talking with Western Digital, Foxconn about chip unit sale: sources

      Cables and computers are seen inside a data centre at an office in the heart of the financial district in London, Britain May 15, 2017. Dylan Martinez

      Foreign hackers probe European critical infrastructure networks: sources

      The Apple logo is seen on the facade of the new Apple Store in Paris, France, January 5, 2017. Charles Platiau

      Apple challenges Imagination Technologies' disclosure timing

    • ENVIRONMENT
      Electric cars are seen at a parking lot of an automobile factory in Xingtai, Hebei province, China April 26, 2016. Stringer

      China could field nearly half of new electric car models by 2020: study

      Japanese Self-Defense Force soldiers conduct search and rescue operation at a damaged house caused by a heavy rain in Asakura, Fukuoka Prefecture, Japan July 9, 2017. Issei Kato

      Japanese PM Abe promises to help victims of floods; death toll up to 25

      Colorado Governor John Hickenlooper lays out his plans for the next state legislative session at a news conference in his office at the Capitol in Denver, Colorado, U.S. on December 19, 2013. Rick Wilking

      Colorado joins 'climate alliance' of states fighting global warming

      Environmental Protection Agency Administrator Scott Pruitt speaks during an interview for Reuters at his office in Washington, U.S., July 10, 2017. Yuri Gripas

      Transcript of Reuters interview with EPA Administrator Scott Pruitt

    • INNOVATION
      A sensor is seen spinning atop a Google self-driving vehicle before a presentation at the Computer History Museum in Mountain View, California, U.S., May 13, 2014. Stephen Lam

      House panel to unveil self-driving car legislation soon: aide

      The logo of Toshiba is seen as a shareholder arrives at Toshiba's extraordinary shareholders meeting in Chiba, Japan March 30, 2017. Toru Hanai

      Toshiba talking with Western Digital, Foxconn about chip unit sale: sources

      Cables and computers are seen inside a data centre at an office in the heart of the financial district in London, Britain May 15, 2017. Dylan Martinez

      Foreign hackers probe European critical infrastructure networks: sources

      The Apple logo is seen on the facade of the new Apple Store in Paris, France, January 5, 2017. Charles Platiau

      Apple challenges Imagination Technologies' disclosure timing

  • COMMENTARY
    • COMMENTARY
      Afghan policemen keep watch outside a Kabul mosque attacked by a suicide bomber, June 16, 2017. Omar Sobhani

      Commentary: The road to Afghanistan peace does not lie in Kabul

      U.S. troops outside their base in Uruzgan province, Afghanistan July 7, 2017. Omar Sobhani

      Commentary: Steve Bannon is right on Afghanistan

      Demonstrators and police officers at a 'Day of Rage' protest after London's Grenfell Tower fire, June 21, 2017. Marko Djurica

      Commentary: Now is the summer of Britain's discontent

      Protesters demonstrate against Benjamin Netanyahu's decision to go back on an agreement giving secular Jews equal prayer space to Orthodox worshipers at Jerusalem's Western Wall. Their placards, using the nickname for the Israeli prime minister, carried messages like 'Bibi, do not divide the Jewish People' and 'Bibi, I'm also a Jew.' July 1, 2017. Ronen Zvulun

      Commentary: Netanyahu's bad call on the Western Wall

  • BREAKINGVIEWS
    An executive prepares to take the stage during the annual Temasek Review in Singapore July 7, 2016. Edgar Su

    Temasek's garage sale highlights capital dilemma

    Paul Singer, founder and president of Elliott Management Corporation, speaks at WSJD Live conference in Laguna Beach, California, U.S., October 25, 2016. Mike Blake

    Elliott tests one of Warren Buffett's golden rules

    The exterior of the New York Stock Exchange, March 14, 2007. Chip East

    Exchange Podcast: Jesse Eisinger

    A Deliveroo worker loads his bicycle after making a delivery in London, Britain August 15, 2016. Neil Hall

    UK's jobs review kinder to employers than workers

    Stephen A. Schwarzman, Chairman, CEO and Co-Founder of the Blackstone Group, attends a conference on Sovereign Wealth Funds at the Asia Society in New York April 14, 2008. Shannon Stapleton

    Blackstone's diversification drive circles home

  • MONEY
    • MONEY
      Senator Tom Cotton (R-AR) walks after Senate Republicans unveiled their version of legislation that would replace Obamacare on Capitol Hill in Washington, U.S., June 22, 2017. Joshua Roberts

      U.S. senator seeks legislation to undo ban on arbitration clauses

      Legend Holdings chairman Liu Chuanzhi attends a news conference on the company's annual results in Hong Kong, China March 30, 2016. Bobby Yip

      Exclusive: China's Legend in talks to buy stake in Luxembourg bank BIL - source

      An undated handout image of the Pretirement app home screen, showing a countdown clock to retirement. Pretirement/Handout

      Your Money: Will a countdown clock to retirement help you save?

      An undated handout image of the Venmo app home screen, showing July 4th-themed emojis. Venmo/Handout

      Your Money: Smiley faces ease the pain of asking friends for money

    • RETIREMENT NEWS
      An undated handout image of the Pretirement app home screen, showing a countdown clock to retirement. Pretirement/Handout

      Your Money: Will a countdown clock to retirement help you save?

      A pair of elderly couples view the ocean and waves along the beach in La Jolla, California March 8, 2012. Mike Blake

      Senate health bill would decimate long-term care coverage

      A protester holding a Puerto Rico's flag takes part in a march to improve healthcare benefits in San Juan, Puerto Rico, November 5, 2015. Alvin Baez

      Puerto Rico retirees will get bankruptcy committee: U.S. Trustee

      Senator Patty Murray (D-WA) speaks to reporters on following a policy luncheon on Capitol Hill in Washington, D.C., U.S., May 9, 2017. Aaron P. Bernstein

      Senators raise alarms about shelving retirement advice rule

  • LIFE
    • LIFESTYLE
      Brazilian indigenous people and representatives from google talk about the project 'I'm Amazon by Google' during the presentation of new Google Earth project in Sao Paulo, Brazil July 11, 2017. Leonardo Benassatto

      Google Earth to let users post stories, photos in coming years

      An Enigma cipher machine is on display at an auction house in Bucharest, Romania, July 11, 2017. Inquam Photos/Octav Ganea/

      Bought for 100 euros, World War Two Enigma machine sells for 45,000

      Mohammad Esa 24, from Afghanistan's National Army (ANA) sits during practice for the Invictus Games competition, at the Kabul Military Training Centre (KMTC) in Kabul, Afghanistan July 4, 2017. Mohammad Ismail

      Wounded Afghan soldiers set for Invictus Games debut

      A sparrow is being fed at a hospital for wild birds in Hortobagy National Park, Hungary June 27, 2017. Laszlo Balogh

      Hungarian hospital helps injured birds back into the skies

    • HEALTH NEWS
      Senate Majority Leader Senator Mitch McConnell (R-KY) attends a new conference following party policy lunch meeting at the U.S. Capitol in Washington, U.S. July 11, 2017. Carlos Barria

      Top Senate Republican to unveil revised healthcare plan

      A pharmacist holds a bottle of prescription painkiller Oxycodone Hydrochloride, 30mg pills, made by Mallinckrodt at a local pharmacy in Provo, Utah, U.S., April 25, 2017. George Frey

      Mallinckrodt settles U.S. opioid drug probe for $35 million

      An old man infected with cholera lies on the bed at a hospital in Sanaa, Yemen, May 12, 2017. Mohamed al-Sayaghi

      Cholera may accelerate famine in Yemen as resources shift: U.N.

      A sign marks a building on Novartis' campus in Cambridge, Massachusetts, U.S., February 28, 2017. Brian Snyder

      Novartis readies for FDA review of $1 billion CAR-T child cancer hope

    • SPORTS NEWS
      Tennis - Wimbledon - London, Britain - July 11, 2017 Great Britain's Andy Murray during a practice session Toby Melville

      Roof protects Murray and Federer from lingering rain

      Tennis - Wimbledon - London, Britain - July 10, 2017 Switzerland’s Roger Federer in action during his fourth round match against Bulgaria’s Grigor Dimitrov Stefan Wermuth

      Hewitt expects Federer and Murray to face off in final

      Chan sisters in quarter-final doubles action at Wimbledon

      Spieth confirms will return to defend Australian Open title

    • ARTS
      Artist Heather Dewey-Hagborg poses with 3-D printed masks created from DNA extracted from cheek swabs and hair clippings she received from formerly imprisoned U.S. Army Private Chelsea Manning while she was in jail, ahead of the August 2, 2017 opening of 'A Becoming Resemblance', an exhibition at the Fridman gallery in New York City, July 7, 2017. Mike Segar

      Artist to debut 3D portraits produced from Chelsea Manning's DNA

      Director general of the Bolshoi Theatre Vladimir Urin speaks during a news conference on the postponement of the world premiere of the Nureyev ballet, weeks after its director Kirill Serebrennikov was questioned as a witness in a fraud investigation, at the Bolshoi in Moscow, Russia, July 10, 2017. Maxim Shemetov

      Russian minister had 'long chat' with Bolshoi before ballet premiere pulled: TASS

      A man looks at an installation that uses goldfish in illuminated bowls at the Art Aquarium exhibition in Tokyo, Japan. Kim Kyung-Hoon

      Thousands of goldfish bring Tokyo art exhibit to life

      A man uses his mobile phone as he takes a picture of the painting 'Maschka' by late German artist Otto Mueller during a news conference, after the arrival of the first artworks from the Dossier Gurlitt, at the Kunstmuseum Bern art museum in Bern, Switzerland July 7, 2017. Arnd Wiegmann

      Swiss museum readies for Nazi-era art trove show, seeks works' heirs

    • ENTERTAINMENT NEWS

      Shia LaBeouf's arrest video shows actor's expletive-filled rant

      The Netflix logo is pictured on a television in this illustration photograph taken in Encinitas, California, U.S., January 18, 2017. Mike Blake

      Streaming TV apps grapple with password sharing

      Headphones are seen in front of a logo of online music streaming service Spotify, February 18, 2014 Christian Hartmann

      Sony Music, Spotify strike licensing deal: Billboard

      US pop star Madonna reacts during the opening of her Mercy James hospital in Blantyre, Malawi, July 11, 2017. Siphiwe Sibeko

      Malawi hails Madonna's 'motherly spirit' at opening of new hospital

    • ODDLY ENOUGH
      German Chancellor and head of the Christian Democratic Union (CDU) Angela Merkel attends a meeting of their conservative bloc to discuss their election programme in Berlin, Germany, July 3, 2017. Axel Schmidt

      Slovenian comic's parody has Merkel dancing with 'zombie' refugees

      Saudi Arabia's King Salman bin Abdulaziz Al Saud stands during a reception ceremony for British Prime Minister Theresa May in Riyadh, Saudi Arabia, April 5, 2017. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout

      Saudi king orders newspaper columnist to stop piling on the praise

      Sand carver Sergey Zaplatin from Russia. Yves Herman

      Sand sculpture festival brings super-heroes to Belgian beach

      A worker shows crickets at a farm belonging to company 'Little Food,' which prepares and promotes food products made from crickets, in Brussels, Belgium June 9, 2017. Francois Lenoir

      By Jiminy: Belgian start-up puts crickets on the menu

  • SECTORS
    • ENERGY
    • BASIC MATERIALS
    • INDUSTRIALS
    • CYCLICAL CONSUMER GOODS
    • NON-CYCLICAL CONSUMER GOODS
    • FINANCIALS
    • HEALTHCARE
    • TECHNOLOGY
    • TELECOMMUNICATIONS SERVICES
    • UTILITIES
Logged trees are seen at one of the last primeval forests in Europe, Bialowieza forest, near Bialowieza village, Poland February 15, 2018. Picture taken February 15, 2018. Kacper Pempel
Logged trees are seen at one of the last primeval forests in Europe, Bialowieza forest, near Bialowieza village, Poland February 15, 2018. Picture taken February 15, 2018. Kacper Pempel
A truck is loaded with logged trees at one of the last primeval forests in Europe, Bialowieza forest, near Bialowieza village, Poland February 15, 2018. Picture taken February 15, 2018. Kacper Pempel
A truck is loaded with logged trees at one of the last primeval forests in Europe, Bialowieza forest, near Bialowieza village, Poland February 15, 2018. Picture taken February 15, 2018. Kacper Pempel
A truck loaded with logged trees is pictured at one of the last primeval forests in Europe, Bialowieza forest, near Bialowieza village, Poland February 15, 2018. Picture taken February 15, 2018. Kacper Pempel
A truck loaded with logged trees is pictured at one of the last primeval forests in Europe, Bialowieza forest, near Bialowieza village, Poland February 15, 2018. Picture taken February 15, 2018. Kacper Pempel
Logged stubs are seen at one of the last primeval forests in Europe, Bialowieza forest, near Bialowieza village, Poland February 15, 2018. Picture taken February 15, 2018. Kacper Pempel
Logged stubs are seen at one of the last primeval forests in Europe, Bialowieza forest, near Bialowieza village, Poland February 15, 2018. Picture taken February 15, 2018. Kacper Pempel
A truck is loaded with logged trees at one of the last primeval forests in Europe, Bialowieza forest, near Bialowieza village, Poland February 15, 2018. Picture taken February 15, 2018. Kacper Pempel
A truck is loaded with logged trees at one of the last primeval forests in Europe, Bialowieza forest, near Bialowieza village, Poland February 15, 2018. Picture taken February 15, 2018. Kacper Pempel
Logged trees are seen at one of the last primeval forests in Europe, Bialowieza forest, near Bialowieza village, Poland February 15, 2018. Picture taken February 15, 2018. Kacper Pempel
Logged trees are seen at one of the last primeval forests in Europe, Bialowieza forest, near Bialowieza village, Poland February 15, 2018. Picture taken February 15, 2018. Kacper Pempel
A truck is loaded with logged trees at one of the last primeval forests in Europe, Bialowieza forest, near Bialowieza village, Poland February 15, 2018. Picture taken February 15, 2018. Kacper Pempel
A truck is loaded with logged trees at one of the last primeval forests in Europe, Bialowieza forest, near Bialowieza village, Poland February 15, 2018. Picture taken February 15, 2018. Kacper Pempel
Logged trees are seen at one of the last primeval forests in Europe, Bialowieza forest, near Bialowieza village, Poland February 15, 2018. Picture taken February 15, 2018. Kacper Pempel
Logged trees are seen at one of the last primeval forests in Europe, Bialowieza forest, near Bialowieza village, Poland February 15, 2018. Picture taken February 15, 2018. Kacper Pempel
Logged trees are seen at one of the last primeval forests in Europe, Bialowieza forest, near Bialowieza village, Poland February 15, 2018. Picture taken February 15, 2018. Picture taken February 15, 2018. Kacper Pempel
Logged trees are seen at one of the last primeval forests in Europe, Bialowieza forest, near Bialowieza village, Poland February 15, 2018. Picture taken February 15, 2018. Picture taken February 15, 2018. Kacper Pempel
Logged stubs and trees are seen at one of the last primeval forests in Europe, Bialowieza forest, near Bialowieza village, Poland February 15, 2018. Picture taken February 15, 2018. Kacper Pempel
Logged stubs and trees are seen at one of the last primeval forests in Europe, Bialowieza forest, near Bialowieza village, Poland February 15, 2018. Picture taken February 15, 2018. Kacper Pempel
A bough covered with moss and snow is seen in Bialowieza forest, the last primeval forest in Europe, near Bialowieza village, Poland February 14, 2018. Picture taken February 14, 2018. Kacper Pempel
A bough covered with moss and snow is seen in Bialowieza forest, the last primeval forest in Europe, near Bialowieza village, Poland February 14, 2018. Picture taken February 14, 2018. Kacper Pempel
Logged stub and trees are seen at one of the last primeval forests in Europe, Bialowieza forest, near Bialowieza village, Poland February 15, 2018. Picture taken February 15, 2018. Kacper Pempel
Logged stub and trees are seen at one of the last primeval forests in Europe, Bialowieza forest, near Bialowieza village, Poland February 15, 2018. Picture taken February 15, 2018. Kacper Pempel
A bough covered with moss and snow is seen in Bialowieza forest, the last primeval forest in Europe, near Bialowieza village, Poland February 14, 2018. Picture taken February 14, 2018. Kacper Pempel
A bough covered with moss and snow is seen in Bialowieza forest, the last primeval forest in Europe, near Bialowieza village, Poland February 14, 2018. Picture taken February 14, 2018. Kacper Pempel
Logged stubs and trees are seen at one of the last primeval forests in Europe, Bialowieza forest, near Bialowieza village, Poland February 15, 2018. Picture taken February 15, 2018. Kacper Pempel
Logged stubs and trees are seen at one of the last primeval forests in Europe, Bialowieza forest, near Bialowieza village, Poland February 15, 2018. Picture taken February 15, 2018. Kacper Pempel
Home
World
Special Reports

Poland spares forest to win EU favor, but damage already done

February 19th, 2018 | 05:56 AM special-reports euro-zone environment 300

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

   U.S. National Security Advisor John Bolton speaks during the United Against Nuclear Iran Summit on the sidelines of the United Nations General Assembly in New York City, U.S. September 25, 2018. Darren Ornitz
Bolton 2.0: Trump's tough guy on Iran picks his battles
The sewing lines at Bernhard Furniture Company which where skilled craft jobs are growing without the help of tariffs, and company officials say they are pressed to fill open positions is shown in Lenoir, North Carolina, U.S., August 15, 2018.     Howard Schneider
In a U.S. manufacturing hub, no illusions about tariffs and jobs
Meagan Kaiser pulled up a soybean plant to show to a Chinese trade delegation during a tour of the Kaiser farm near Norborne, Missouri, U.S., August 28, 2018.  Dave Kaup
Inside China's strategy in the soybean trade war
By Agnieszka Barteczko | BIALOWIEZA, Poland

When Poland sought to ease tensions with the European Union by declaring a halt to logging in the ancient Bialowieza forest, it did not announce how many trees it had already cut down.

In fact, logging quotas to 2021 had already been reached and in one part of the forest an expanded quota, declared illegal by the European Commission, had been more than half fulfilled despite an injunction, official forestry data shows.

State Forests, the state-run body in charge of harvesting timber and protecting woodland, also confirmed that the forest's two remaining administrative units were aiming to increase the quota of wood that they can harvest by 2021.

The woodland, a UNESCO World Heritage site that is home to the largest roaming population of European bison and some of the continent's oldest trees, is emblematic of the rift between the EU executive and the nationalist party ruling Poland since 2015.

At the beginning of this year, a reshuffled Law and Justice government in Warsaw said it had complied with an order from the European Court of Justice, first issued in July, to stop logging in Bialowieza, setting a new tone it wants Brussels to match.

Environmentalists said the announcement came too late to prevent irreparable damage, albeit to a limited area.

The standoff over the forest is one of several flashpoints between Warsaw and Brussels that include pan-European migration quotas and judicial reform plans.

At stake is not only the unique biodiversity of the woodland but also, some lawyers and environmentalists say, the future of European institutions and the rule of law.

The European Court of Justice ordered a halt to logging in July last year while it looked into the Commission's case that the sharp increase in the logging target for the southeastern Bialowieza Forest section broke European environment law.

Warsaw refused to comply and four months later, the court threatened to fine Poland $100,000 for each day it felled trees for sale.

It was the first time an EU state had publicly said it would ignore an order of the court, said Laurent Pech, professor of European Law at Middlesex University London, calling it "a direct threat to the very functioning of the EU legal order".

The cessation of logging was "a cosmetic concession, Pech said. "The EU... cannot simply let the Polish government get away with this, as this behavior if unsanctioned would render the EU legal system totally ineffective."

BARGAINING CHIP

Poland faces a preliminary opinion on the legality of the increased target at the European Court of Justice on Feb. 20. It could be ordered to drop the plan for increased logging adopted in March 2016 and fined, at a later date, if it does not comply. The consequences of the extra felling already done are not clear.

A government source said that by calling a halt to the logging, Warsaw expected to win some breathing space, both on the forest and on the ruling party's signature policy - a reform of the judiciary that the EU says would put courts under political control and might have to be met with sanctions.

"We are ready to give in on some issues, Bialowieza among them, but we are expecting Brussels to stop its push against Warsaw on other issues, such as our much-needed reform of the courts," said the source, who spoke on condition of anonymity.

A senior EU official, who also declined to be named, told Reuters: "If Poland were looking for a gesture, the forest seems the easiest one for them. It costs them nothing and it could possibly serve as a first step."

The EU official did not comment on the idea of a link with possible sanctions on judiciary reform, which are in any case likely to be blocked by Warsaw's nationalist allies in Hungary.

State Forests told Reuters only dead or weakened trees were removed after the ECJ order, so as to protect local mushroom pickers and the 150,000 tourists drawn to the forest each year.

The court ban allowed for such trees to be felled, but activists say many of those actually cut down posed no danger and should anyway have been left in place rather than sold.

"Removal of such trees results in an irreversible habitat loss for dependent species," said Grzegorz Mikusinski, associate professor at the Swedish University of Agricultural Sciences.

"We would have to wait 200 years to see something similar to what we had before spruces were cut and removed."

The 150,000-hectare forest, described by UNESCO as an "irreplaceable area for biodiversity conservation", straddles Poland's border with Belarus and was part of the enormous primeval forest that once stretched across the European Plain.

On a visit to a remote part of it this month, a pile of around 30 spruce trunks, some thick enough to be 100 years old, lay beside the forest path, marked as ready to be taken for sale.

Further on, trees had been cut more selectively, some lying where they had fallen, well clear of any walkers on the track.

"We estimate that a few thousand cubic metres of wood, much of it 100 years old, was logged in the area of the Bialowieza Forest after (the ECJ fines threat on) November 20," said Adam Bohdan from the Dzika Polska, Wild Poland, environmental group.

Scientists say logging also took place during nesting season from March to mid October, which is a violation of EU directives. "There is no doubt," said Mikusinski.

BEETLES

Logging in two of the forest's three administrative units has already reached 98 percent of the quota established for 2012 up to 2021, according to data from a local department of State Forests, the state-run body in charge of harvesting timber and protection of woodland. It also confirmed that the two units planned to increase their existing quotas.

In the third, the Bialowieza unit, the amount of wood harvested exceeded the original 2012-2021 limit and reached 55 percent of the expanded quota that is under EU judicial review.

Rafal Kowalczyk, head of the Mammal Research Institute at the Polish Academy of Sciences and who has lived in Bialowieza for more than 20 years, said the damage, while in a small area, was huge. "The natural tree stands have suffered, the biological diversity has suffered, species and habitats have been damaged."

A source at the EU executive, the European Commission, said it would continue to monitor the situation, based on information from civil society groups and the government, which sent in report in late January on how it was complying with the order. It was not clear whether that included the Bialowieza unit data.

The Environment Ministry declined to answer questions on its plans for Bialowieza, whether it was using the forest to win EU concessions over the court reform and whether it had breached protections mandated by the EU Natura 2000 conservation area.

Poland's former environment minister Jan Szyszko had argued logging was necessary to protect the forest from an infestation of bark beetles and keep it safe for visitors.

Szyszko was replaced in January by Henryk Kowalczyk, appointed as part of a wider cabinet reshuffle that installed Mateusz Morawiecki as prime minister and was seen as more conciliatory to the EU.

In an interview published on Thursday in the Rzeczpospolita daily, Kowalczyk said there were not many bark beetles left in the forest and logging would not have much impact on them.

"Now the situation is under control," he said. "We have proved that we are observing the court's ruling."

  • Topic
  • World News
Facebook Twitter Google+ LinkedIn Pinterest
Next article Brazil prison rioters free hostages, guards take control
Previous article UberEATS deliveryman wanted in fatal shooting

Related Posts

   U.S. National Security Advisor John Bolton speaks during the United Against Nuclear Iran Summit on the sidelines of the United Nations General Assembly in New York City, U.S. September 25, 2018. Darren Ornitz SPECIAL REPORTS
October 4th, 2018

Bolton 2.0: Trump's tough guy on Iran picks his battles

The sewing lines at Bernhard Furniture Company which where skilled craft jobs are growing without the help of tariffs, and company officials say they are pressed to fill open positions is shown in Lenoir, North Carolina, U.S., August 15, 2018.     Howard Schneider SPECIAL REPORTS
September 26th, 2018

In a U.S. manufacturing hub, no illusions about tariffs and jobs

Meagan Kaiser pulled up a soybean plant to show to a Chinese trade delegation during a tour of the Kaiser farm near Norborne, Missouri, U.S., August 28, 2018.  Dave Kaup SPECIAL REPORTS
September 19th, 2018

Inside China's strategy in the soybean trade war

An overview of the Niger delta where signs of oil spills can be seen in the water in Port Harcourt, Nigeria August 1, 2018. Picture taken August 1, 2018.  Ron Bousso ENVIRONMENT
September 23rd, 2018

In Nigeria, Shell's onshore roots still run deep

Student activists and others supporting factory workers seeking to form a labor union are seen inside an apartment in Huizhou, near Shenzhen, Guangdong province, China August 23, 2018.  Sue-Lin Wong SPECIAL REPORTS
September 5th, 2018

Inspired by #MeToo, student activists target inequality in China

The abandoned Stallberg Mine in Stalldalen, Sweden June 26, 2018. Simon Christopher Johnson SPECIAL REPORTS
September 5th, 2018

Immigration and welfare fears merge as Sweden lurches to the right

The Wire
Sep 2nd 5 year's ago
BUSINESS

Biden looks to turn campaign focus to pandemic as Trump dwe...

Sep 2nd 5 year's ago
U.S. LEGAL NEWS

Biden looks to turn campaign focus to pandemic as Trump dwe...

Aug 12th 5 year's ago
BUSINESS

United Airlines bets on Florida, adding dozens of flights a...

Aug 1st 6 year's ago
BUSINESS

Apple's Taiwan suppliers, Samsung apply for India's local s...

Jul 28th 6 year's ago
U.S. LEGAL NEWS

Explainer: Trump's latest move to limit deportation protect...

TRENDING ON FINANCETIME
Sep 2nd, 2020 BUSINESS

Biden looks to turn campaign focus to pandemic as Trump dwells on protests

Aug 12th, 2020 BUSINESS

United Airlines bets on Florida, adding dozens of flights a day starting November

Aug 1st, 2020 BUSINESS

Apple's Taiwan suppliers, Samsung apply for India's local smartphone scheme

Jul 28th, 2020 U.S. LEGAL NEWS

Explainer: Trump's latest move to limit deportation protections for 'Dreamers'

Jul 28th, 2020 BUSINESS

AMC Theatres, Universal reach deal to bring new movies to homes earlier

Markets-Sectors
ENERGY -0.18%
BASIC MATERIALS -0.05%
INDUSTRIALS +0.06%
CYCLICAL CONSUMER GOODS +0.15%
NON-CYCLICAL CONSUMER GOODS +0.26%
FINANCIALS -0.22%
HEALTHCARE -0.07%
TECHNOLOGY -0.17%
TELECOMMUNICATIONS SERVICES -0.11%
UTILITIES -0.06%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
© Financetime.org 2016. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT