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UK eases effective ban on onshore wind in England
The UK government eased a de facto ban on onshore wind in England on Tuesday, after growing pressure from environmental campaigners and some ruling Conservative lawmakers. Those rules, introduced by former prime minister David Cameron in 2015 amid fears of a backlash from typically Tory voting rural communities, resulted in an effective ban on new wind farms and smaller sites.
Saudi and Russia extend oil cuts through December
Saudi Arabia and Russia said on Tuesday they would extend voluntary oil cuts until the end of the year, continuing their campaign to bolster prices. - Profits down - In August, oil firm Saudi Aramco announced profits of $30.08 billion for the second quarter of 2023, a fall of 38 percent from the same period last year when prices surged after Russia invaded Ukraine.
UK's second biggest city declares financial distress
The UK's second biggest city on Tuesday admitted that it cannot balance its books, blaming Conservative governments for years of under-funding. SIGOMA, a grouping of 47 urban councils within the LGA, last week warned that one in 10 of its members were considered making the statutory admission that they have no prospect of balancing their books.
French beauty giant L'Occitane dives as go-private talks called off
Shares in French beauty brand L'Occitane plunged by a record of almost 30 percent in Hong Kong on Tuesday after its chairman called off talks on taking the firm private. Bloomberg News reported in July that chairman Reinold Geiger was studying options for taking the brand private, using a holding company that owned more than 70 percent of its shares.
AFP Fact Check: Fukushima wastewater release spawns misinformation
Japan's release of wastewater from the stricken Fukushima nuclear plant has unleashed a wave of misinformation, with AFP debunking false claims of a radioactive Pacific Ocean that have been viewed millions of times. From mutated monsters to a looming aquatic armageddon, AFP Fact Check has debunked some of the most widely proliferated claims arising from Japan's wastewater release.
Billions pledged for green development at Africa climate talks
The UAE pledged $4.5 billion in clean energy investments in Africa on Tuesday at a landmark climate summit aimed to showcase the continent's potential as a green powerhouse. And on Tuesday, the conference saw its most significant pledge so far, with $4.5 billion announced by the United Arab Emirates, which will also host the COP28 summit in Dubai in November-December.
Microsoft gambles big on Hollywood-esque 'Starfield' video game
"Starfield", one of the most-anticipated video games in years, launches worldwide on Wednesday with the hype -- and production standards -- of a Hollywood blockbuster. Other titles this year boasting those same Hollywood-esque qualities include "Hogwarts Legacy", made by Avalanche Studios owned by Warner Bros. and tapping into the Harry Potter universe.
Black Sea ships carrying grain hit insurance obstacle
The risk of bombing has made it virtually impossible to insure ships leaving Ukraine via the Black Sea, leaving the sector to find an alternative route, especially for grain. Ports along this alternative route are also under attack from Russians, according to Frederic Denefle, head of Garex, a French company specialised in marine risk insurance.
Russia upends global grain trade
Russia has cemented its position as the world's top grain exporter with the help of a bumper harvest and cut-rate prices while its war in Ukraine has upended the market. He has also kept grain prices low to gain a competitive edge over other exporting nations and offered special prices to Egypt, which has also been a buyer of Ukrainian wheat.
AFP
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