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UK boosts security spending against China and Russia threats
Britain on Monday detailed plans to bolster military and security spending to confront the "epoch-defining challenge" posed by China while also countering Russia, as London updated its strategic foreign and defence policy.
Biden administration approves Alaska oil drilling project
The Biden administration, brushing aside pressure from environmentalists, on Monday approved a controversial oil drilling project on Alaska's North Slope.
Porsche backs synthetic option in EU fossil fuels row
The CEO of German auto giant Volkswagen and its luxury subsidiary Porsche on Monday backed moves by Berlin to block a European ban on new combustion engines from 2035. Behind Germany's block are domestic political imperatives, with the liberal FDP, part of Chancellor Olaf Scholz's ruling coalition, setting themselves against the ban on internal combustion engines.
Pfizer buys biotech firm Seagen for $43 billion
US pharmaceutical giant Pfizer announced Monday that it had reached a deal to buy biotech firm Seagen, specializing in innovative cancer treatment, for $43 billion. The deal with Seagen would double Pfizer's early-stage oncology clinical pipeline, the pharmaceutical firm added.
UN, Russia in Ukraine grain deal talks
The United Nations and Russia began talks Monday on renewing the Ukraine grain export deal, which has helped ease the global food crisis triggered by Moscow's invasion of its neighbour.
Governments vet crucial UN climate science report
Diplomats from nearly 200 nations and top climate scientists began a week-long huddle in Switzerland on Monday to distil nearly a decade of published science into a 20-odd-page warning about the existential danger of global warming and what to do about it.
HSBC buys failed US bank SVB's UK arm for £1
The UK arm of failed US lender Silicon Valley Bank has been bought by HSBC for a nominal £1 ($1.2) in a rescue deal, the government and HSBC announced Monday. "Silicon Valley Bank (UK) Ltd has today been sold to HSBC," the government said in a statement, after frantic talks reportedly led by Prime Minister Rishi Sunak.
UAE's ADNOC Gas shares surge 25% in $2.5bn IPO
Shares in the United Arab Emirates' ADNOC Gas soared 25 percent in opening trade on Monday in a $2.5 billion initial public offering that aims to tap into growing demand for the fuel. - 'Transition fuel' - ADNOC, the United Arab Emirates' key revenue-earner, retains a 90 percent stake in the subsidiary formed from its former gas processing, LNG and industrial gas units.
Indonesian farmers fight for their land in nickel mining boom
Three women with machetes stood guard at their farm hilltop on Indonesia's Wawonii Island, directing their blades towards the nickel miners working in the forest clearing below. - 'I will continue to fight' - Nickel miner PT Gema Kreasi Perdana (PT GKP), owned by one of Indonesia's wealthiest families, has two concessions on Wawonii totalling 1,800 hectares (4,450 acres).
AFP
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