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UK blocks approval of first coal mine in 30 years
UK blocks approval of first coal mine in 30 years
by  AFP

Environmental campaigners on Friday claimed a "huge victory" after a court ruling overturned a decision to allow planning permission for the UK's first deep coal mine in 30 years. The High Court agreed with Friends of the Earth and the campaign group South Lakes Action on Climate Change that emissions from burning the extracted coal were not properly considered during the planning process.

China bans PwC for six months over Evergrande audit
China bans PwC for six months over Evergrande audit
by  AFP

Accountancy giant PwC was banned in China Friday for six months and slapped with a fine of $62.2 million over problems with its audit of beleaguered property company Evergrande. In a separate statement Friday, China's top securities regulator said it had penalised PwC, while another fine in coordination with the finance ministry brought the total to 441 million yuan ($62.2 million).

Troubled Deutsche Bahn sells logistics unit to Danish group
Troubled Deutsche Bahn sells logistics unit to Danish group
by  AFP

Troubled German rail operator Deutsche Bahn announced Friday the sale of its logistics unit Schenker to Danish group DSV for 14.3 billion euros ($15.8 billion) to create a freight-forwarding giant. The Danish group plans to invest one billion euros in Germany over the next three to five years, Deutsche Bahn said.

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