EU lawmakers on Thursday gave the green light to a delay for European carmakers to meet new emission targets, as the bloc seeks to balance climate goals with supporting the struggling industry. Criticizing the move, Green EU lawmaker Saskia Bricmont said loosening emissions rules would "delay the marketing of affordable electric vehicles, which are vital" for European consumers.
The top US securities regulator, a skeptic towards cryptocurrency who was appointed by President Joe Biden, announced Thursday he will step down in January when Donald Trump takes office. Gary Gensler, chair of the Securities and Exchange Commission (SEC), said he will resign on January 20, the same day Trump assumes the presidency.
Visiting Indian Prime Minister Narendra Modi said Thursday his country is interested in oil from Guyana, the small South American nation with the world's highest per capita crude reserves. Guyana, which sits on the northeast coast of South America and borders Venezuela, produces just over 600,000 barrels per day of crude oil but aims to double this by 2030.
Last month's deadly floods in Spain, the country's worst natural disaster in decades, will have a "limited" impact on its "robust" economic growth, the International Monetary Fund said Thursday.
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