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'Not a lab experiment': climate tech CEO on green innovation
Microsoft co-founder and billionaire philanthropist Bill Gates has been hosting executives and entrepreneurs in London this week to boost investment in cutting-edge technologies promising big breakthroughs in tackling climate change. - Is there growing investor appetite for climate technology?
China's economy in focus ahead of key July political meeting
A key political meeting that is watched for signals on China's economic direction will be held in mid-July, state media said Thursday, as policymakers seek to shore up a stuttering recovery. State news agency Xinhua said the meeting, to be held from July 15-18, would "primarily examine issues related to further comprehensively deepening reform and advancing Chinese modernisation".
Uzbekistan tries to put fresh spin on its silk industry
In the shade of an almond tree, Zubayda Pardayeva began the age-old and barely profitable process of turning cocoons into silk that Uzbekistan wants to overhaul. With 26,000 tonnes of silk produced in 2023, Uzbekistan aims to consolidate its position as the world's third largest producer.
Tunisia town shuttered after Libya closes smuggler-linked border
Months into the closure of Tunisia's main border crossing with Libya, a haven for smugglers, shops are shuttered and unemployment has soared in the already-marginalised desert region, merchants say. Tunisian officials ignored the unofficial cross-border trade, aware of its importance to a desert region where promised development has not materialised.
H&M shares tumble over profitability concerns
Shares in H&M slid Thursday after the world's second biggest fashion retailer warned that the conditions to meet its profitability target for this year have become "more challenging". However, he added, "the conditions for achieving that level this year have become more challenging".
Boeing aims to lift MAX quality control at Renton factory
At its plane factory near Seattle, Boeing has increased employee training, appointed mentors for new recruits, brought back retirees as coaches and stepped up tracking of performance metrics.
Autonomous car rules advancing faster than the vehicles themselves: UN
Fully autonomous cars are still years away from hitting the streets, but internationally-agreed rules on their use could be ready by mid-2026, the United Nations has said. Furthermore, "we are planning to have a globally harmonised regulation on Automated Driving Systems (ADS) ready for mid-2026", he said.
Yen gains after hitting 38-year low, traders on intervention watch
The yen edged back slightly Thursday after hitting a 38-year low against the dollar, putting investors on alert for a possible intervention by Japanese authorities, while investors awaited US inflation data that could spark another round of volatility. Billions were pumped in to support the yen after it hit a 34-year low of 160.17 in late April, but with limited effect.
Panama Canal agency warns water shortage "is not over"
The Panama Canal Authority (ACP) said Wednesday that the famed waterway continues to face a water shortage, despite recent rains alleviating most restrictions imposed following last year's drought. "The waterway continues to face the impact of a prolonged dry season from this past year that limited the capacity of daily passages through the canal," the ACP said in a statement.
AFP
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