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EU fossil fuel car ban gets final green light
EU fossil fuel car ban gets final green light
Business and Economy
by  AFP

The 27 EU member states gave final approval Tuesday to a ban on sales of new fossil fuel cars by 2035, after Germany dropped a last-minute blocking effort. But manufacturers in Germany, one of the world's largest vehicle-producing nations, said the fuels could allow combustion engines to be used beyond 2035.

Alibaba to split into 6 groups, separate IPOs expected
Alibaba to split into 6 groups, separate IPOs expected
Business and Economy
by  AFP

Alibaba announced Tuesday that it would split into six business groups in one of the most significant overhauls of a leading Chinese tech firm to date. The Hangzhou-based firm is one of China's most prominent tech giants, with business operations spanning cloud computing, e-commerce, logistics, media and entertainment, and artificial intelligence.