Business and Economy

Business and Economy Latest News

US slaps TV provider with first-ever space debris fine
US slaps TV provider with first-ever space debris fine
by  AFP

US authorities said they have issued a "breakthrough" first-ever fine over space debris, slapping a $150,000 penalty on a TV company that failed to properly dispose of a satellite. The FCC said the settlement "includes an admission of liability from the company and an agreement to adhere to a compliance plan and pay a penalty of $150,000."

UK's high-speed rail row derails Tory party conference
UK's high-speed rail row derails Tory party conference
by  AFP

British Prime Minister Rishi Sunak on Tuesday dodged questions over the future of the UK's second high-speed train line, as the issue overshadowed his Conservative party's annual conference. It would be only the UK's second high-speed railway after the one leading to the Channel Tunnel, linking England's southeast with northern France.

Energy transition at risk from commodity market fragmentation: IMF
Energy transition at risk from commodity market fragmentation: IMF
by  AFP

Growing geopolitical fragmentation since the invasion of Ukraine has hit commodity markets, threatening to slow the transition to renewable energy as the world looks to combat climate change, the International Monetary Fund said Tuesday. The IMF called for greater cooperation to negate the risks of commodity market fragmentation on the energy transition.

Energy

Money

Industry

Technology

Economy