Business Matters

Russia has said it will "drastically reduce combat operations" around Kyiv and the northern city of Chernihiv, during negotiations in Turkey. Financial markets reacted positively to the news, as Brian Dorst from Themis Trading in New Jersey explains. We'll also hear from President Biden's top official on sanctions, who says companies have a choice to make on whether they continue to do business in Russia. Also in the programme, the war in Ukraine is halting moves aimed at limiting the use of palm oil, which is a cause of deforestation in Asia. The price of one alternative, sunflower oil, has increased massively since the conflict began, and supermarket chain Iceland has reversed its pledge to remove palm oil from its own-label food. We find out more from Glenn Hurowitz of the Washington DC campaign group, Mighty Earth.Talks in Geneva to reverse the loss of nature and halt extinctions are in their final day. We'll hear from Patrick Greenfield, biodiversity reporter for the Guardian, on the details of the negot