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US moves to curb 'trade loophole' over China worries
The US government said Friday it will work to curb the "overuse and abuse" of a mechanism allowing lower-value imports to enter the country duty-free, as concerns grow over Chinese shipments.
The Hague to ban fossil fuel ads
The Dutch city of The Hague has become the first in the world to pass local laws banning advertisements for fossil fuels, petrol cars and long-distance air travel, officials said Friday.
Chile's biggest steelworks sunk by cheap Chinese imports
It's the end of an era: after 74 years the blast furnace at Chile's biggest steelmaker will be turned off on Monday, snuffed out by competition from China with the loss of thousands of jobs.
Germany joins criticism of EU anti-deforestation law
Pressure mounted on the European Union on Friday to delay a ban on imports of products driving deforestation, after Germany added became the latest country to request the rules be postponed. Outside the EU, Brazil became the latest country to call for a reassessment this week.
US finalizes sharp tariff hikes on Chinese EVs, other goods
The United States locked in tariff hikes on billions of dollars worth of Chinese goods Friday, with a 100 percent duty on electric vehicles and 25 percent on EV batteries taking effect in two weeks.
Russian central bank hikes rate as inflation jumps
Russia's central bank on Friday raised interest rates to 19 percent amid the country's ongoing Ukraine offensive, warning inflation was running too high and it needed to cool the economy. Inflation was running at an annual rate of 9.05 percent in August, the country's statistics agency said earlier this week.
Going green? British fashion struggles with sustainability
In an industrial underground space in central London, models in contrasting period dresses and playful streetwear strutted down a brightly lit London Fashion Week (LFW) runway. - Textile waste - There are a number of solutions to make fashion "greener", some of which will be on display at London Fashion Week.
UK blocks approval of first coal mine in 30 years
Environmental campaigners on Friday claimed a "huge victory" after a court ruling overturned a decision to allow planning permission for the UK's first deep coal mine in 30 years. The High Court agreed with Friends of the Earth and the campaign group South Lakes Action on Climate Change that emissions from burning the extracted coal were not properly considered during the planning process.
China bans PwC for six months over Evergrande audit
Accountancy giant PwC was banned in China Friday for six months and slapped with a fine of $62.2 million over problems with its audit of beleaguered property company Evergrande. In a separate statement Friday, China's top securities regulator said it had penalised PwC, while another fine in coordination with the finance ministry brought the total to 441 million yuan ($62.2 million).
AFP
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