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Brazil, other nations agree to quadruple sustainable fuels
Brazil, India, Italy and Japan vowed Tuesday to quadruple their production and consumption of renewable fuels, hoping other countries will join the pledge during UN climate talks in November. The pledge involves quadrupling the production of sustainable fuels such as biofuels, hydrogen and some synthetic fuels by 2035, compared to 2024 levels.
Strong dealmaking boosts profits at US banking giants
Robust dealmaking activity and strong trading results helped boost US bank earnings Tuesday despite lingering worries about a softening job market and a potentially overvalued stock market.
French telecoms join forces to break up embattled SFR
Three of France's main telecom groups said Tuesday they lodged a joint bid for SFR, a debt-laden rival struggling to keep up in an increasingly competitive market. If the takeover bid is successful, Bouygues would acquire 43 percent of SFR's operations, Iliad 30 percent and Orange 27 percent.
Myanmar scam centres booming despite crackdown, using Musk's Starlink: AFP investigation
Scam centres in Myanmar blamed for swindling billions from victims across the world are expanding fast just months after a crackdown that was supposed to eradicate them, an AFP investigation has found. China, Thailand and Myanmar forced pro-junta Myanmar militias who protect the centres into promising to "eradicate" the compounds in February.
US Fed chair flags concern about sharp slowdown in job creation
US Federal Reserve Chair Jerome Powell warned Tuesday that risks to employment had risen in recent months, noting there had been a sharp slowdown of job creation in the world's leading economy.
Chipmaker Nexperia says banned from exporting from China
Chipmaker Nexperia said Tuesday the Chinese government had banned it from exporting goods from China, after Dutch authorities seized control of the Netherlands-based firm citing management concerns.
Animal welfare transport law deadlocked in EU
An EU proposal aimed at improving animal transport conditions has hit a wall two years after its introduction, with negotiations deadlocked and its future uncertain.
US Treasury chief accuses China of wanting to hurt world economy
US Treasury Secretary Scott Bessent slammed Beijing in an interview this week, accusing it of seeking to harm the global economy after China slapped sweeping new export controls in the strategic field of rare earths. His comments came days after Beijing imposed fresh controls on the export of rare earth technologies and items.
IMF raises 2025 global growth forecast on 'modest' US trade shock
The International Monetary Fund on Tuesday lifted its outlook for global growth this year, flagging a milder-than-expected economic hit from President Donald Trump's tariff policies while warning of risks ahead.
AFP
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