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Asian markets drift ahead of key US figures, eyes on China
Asian markets stuttered Tuesday as investors steel themselves for a high-stakes US jobs report at the end of the week while keeping tabs on China after fresh data stoked renewed worries over the world's number two economy. Nervousness over the Chinese economy was keeping buyers at bay after another round of data showed the country's manufacturing sector contracted for a fourth straight month.
Ex-Volkswagen CEO faces trial over 'dieselgate'
Former Volkswagen CEO Martin Winterkorn is set to go on trial Tuesday for his role in the "dieselgate" scandal, nine years after the saga first plunged the German auto titan into crisis. The highest-ranking former executive to have been convicted so far in the scandal is ex-Audi CEO Rupert Stadler.
UN hosts Libya rivals for central bank crisis talks
The United Nations said it held talks Monday with rival powers in Libya over the country's central bank crisis which has threatened vital oil income. The UN mission said the talks in the capital Tripoli "concluded with significant understandings" between the two sides "on ways to address" the bank crisis.
Volkswagen says considering factory closures in Germany
German automotive giant Volkswagen said Monday it could close production sites in Germany, as the auto industry struggles to manage rising costs.
Oasis fans' fury sparks UK govt review of dynamic pricing
The British government has said it will probe surge pricing after furious Oasis fans faced huge hikes in ticket prices for the Britpop band's much-anticipated reunion. However, with a limited supply of tickets, and huge demand for the Oasis reunion tour, fans slammed the practice as "greedy", "disgusting" and a "rip off".
Stock markets mostly fall on China woes
Major stock markets mostly fell Monday as more weak Chinese economic data offset optimism over an expected US interest-rate cut. Elsewhere, focus remained fixed on by how much the Federal Reserve would cut US interest rates in September.
Africa faces disproportionate burden from climate change: UN
Africa faces a disproportionate burden from climate change and the costs of adapting, the World Meteorological Organization (WMO) said in a new report on Monday.
Norway's electric car sales set new world record
Electric car sales in Norway took a 94-percent share of the market in August -- a new world record -- statistics showed Monday, as sales in the rest of Europe stagnate. "No country in the world comes close to Norway in the electric car race," OFV director Oyvind Solberg Thorsen said in a statement.
NGO reports 'human rights disaster' at Uganda oil project
A massive oil project in Uganda co-owned by French group TotalEnergies and China's CNOOC is mired in reports of sexual violence, forced evictions and environmental damage, climate activists said Monday. "The Kingfisher project, which is operated and co-owned by CNOOC and majority owned by TotalEnergies, is not only a dangerous carbon bomb but also a human rights disaster," Adams said.
AFP
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