South African factory workers protested against the dismissal of foreign employees, arguing that their skills are vital for protecting local jobs.
South African factory workers protested against the dismissal of foreign employees, arguing that their skills are vital for protecting local jobs.
British oil giant Shell announced Wednesday it has abandoned construction of one of Europe's largest biofuel plants in the Netherlands, as it focuses on its fossil fuels business. Shell and rival UK energy giant BP have been walking back various climate objectives and focusing more on oil and gas to raise their profits, which has drawn criticism from environmental activists.
A global bond selloff extended into Asia on Wednesday with yields in Japan hitting record levels, while gold reached a new peak as investors fret about public finances in countries from Japan to the United States. The selloff in Japanese debt mirrors widespread moves in the United States and Europe, with investors spooked over substantial piles of government debt globally.
Nearly 600 economists have signed an open letter expressing support for Federal Reserve Governor Lisa Cook and US central bank independence, as Cook battles President Donald Trump's attempt to fire her.
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