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Fears over economy grow as German rail begins longest strike
Fears over economy grow as German rail begins longest strike
by  AFP

German train drivers began on Wednesday their longest-ever strike, piling on travel misery for thousands of passengers in an escalating industrial dispute that economic experts warn could cost the economy up to a billion euros ($1.1 billion).

'Positive signs' for chip world as ASML profits soar
'Positive signs' for chip world as ASML profits soar
by  AFP

Dutch tech giant ASML, which supplies chipmaking machines to the semiconductor industry, reported Wednesday a rise in annual net profit despite a high-tech trade spat between China and the West. ASML announced earlier this month that it had been blocked from exporting "a small number" of its advanced machines to China, amid reports of US pressure on the Dutch government.

King coal set to lose crown for electricity production: IEA
King coal set to lose crown for electricity production: IEA
by  AFP

Renewables are set to displace coal as the top source of energy for electricity production globally in 2025, the International Energy Agency said Wednesday. That may also turn out to be the case in China, where coal produces more than half of electricity, but much depends on hydroelectric production and the pace of the economic recovery.

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