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NASA, Boeing team up to develop lower-emissions aircraft
The US space agency NASA is teaming up with aviation giant Boeing to develop a next-generation commercial aircraft that emits less carbon. NASA and Boeing said development of the next-generation plane could help meet the White House and industry's objective of net-zero carbon emissions from aviation by 2050. cl/des
US strengthens organic food protocols to counter fraud
The US Department of Agriculture on Thursday unveiled new rules to strengthen oversight of the "organic" label on food, after some significant fraud cases. In a Federal Register notice outlining the rule, the USDA cited several cases of fraud involving organic food.
Fed Vice Chair sees high rates 'for some time' to cool prices
Interest rates will need to remain high for some time even as inflation eases, Federal Reserve Vice Chair Lael Brainard said Thursday, vowing the central bank plans to "stay the course" in fighting price increases. "Even with the recent moderation, inflation remains high, and policy will need to be sufficiently restrictive for some time," Brainard said in prepared remarks for an event in Chicago.
Uber drivers in top Mexican resort hope for easier ride after ruling
Uber drivers in Mexico's Caribbean resort of Cancun hope that a legal ruling in their favor will end alleged long-running threats and intimidation by taxi operators. The ruling also authorizes Uber to operate in the popular resorts of Playa del Carmen and Tulum.
US poised for 'extraordinary measures' as debt limit looms
The US Treasury could start taking "extraordinary measures" Thursday to prevent a default on government debt, as Congress heads towards a high-stakes clash between Democrats and Republicans over raising the borrowing limit. They argue that radical cuts are needed to reduce borrowing, which Congress has generally agreed to increase each year -- raising the so-called debt ceiling.
Mixed results at P&G as consumers adapt to higher prices
Procter & Gamble reported a dip in quarterly profits Thursday, following a decline in sales as the consumer products giant offset lower volumes with price increases. In fabric care, price increases boosted organic sales, but the company cited volume declines in Europe due to increased pricing.
German parliament recognises Yazidi 'genocide' in Iraq
Germany's lower house of parliament recognised on Thursday the 2014 massacre of Yazidis by Islamic State group jihadists in Iraq as a "genocide", and called for measures to assist the besieged minority. Islamic State jihadists in August 2014 massacred over 1,200 Yazidis, members of a Kurdish-speaking community in northwest Iraq that follows an ancient religion rooted in Zoroastrianism.
Thunberg says Davos elite 'fuelling destruction of planet'
Swedish climate activist Greta Thunberg slammed business and political leaders attending the World Economic Forum in Davos on Thursday, saying it was "absurd" to listen to them while they fuelled "the destruction of the planet".
New leases to significantly expand UK offshore wind power
The UK on Thursday announced leases for six new offshore wind projects which aim to cement the country as one of the world's leading renewable energy generators in the offshore sector.
AFP
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