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France pushes forward with plan to speed up renewables
France pushes forward with plan to speed up renewables
Business and Economy
by  AFP

French MPs on Tuesday moved ahead with a law to accelerate the deployment of renewable energy, as the country's nuclear plants suffer a maintenance crisis and Russia's invasion of Ukraine drives up energy costs. Russia's invasion of Ukraine at the same time as the nuclear power crisis has upped the pressure to boost alternative sources of energy.

Canadian mining giant says nearing deal on huge Panama pit
Canadian mining giant says nearing deal on huge Panama pit
Business and Economy
by  AFP

The Canadian mining giant First Quantum Minerals said Tuesday it is close to an agreement with Panama to avert the closure of Central America's largest copper mine. First Quantum, one of the largest copper miners in the world, began commercial copper production at the site in 2019, through its local affiliate, Minera Panama.

Airbus tops Boeing in 2022 plane orders and deliveries
Airbus tops Boeing in 2022 plane orders and deliveries
Business and Economy
by  AFP

Airbus consolidated its leadership in civil aviation for 2022 on Tuesday, reporting more orders and deliveries than American archrival Boeing as both companies contend with lingering supply chain challenges. - Engine trouble - At Airbus, deliveries rose eight percent from the 2021 level, but lagged the company's earlier targets due to lingering supply chain problems.

Fed official sees chance to lower inflation without major downturn
Fed official sees chance to lower inflation without major downturn
Business and Economy
by  AFP

US unemployment has stayed low despite rising interest rates and easing inflation, representing a "hopeful sign" that consumer prices can come down without a significant downturn, a Federal Reserve official said Tuesday. "I take this as a hopeful sign that we can succeed in lowering inflation without a significant economic downturn," she added.

Macron presses ahead with French pension reform despite strike threat
Macron presses ahead with French pension reform despite strike threat
Business and Economy
by  AFP

The French government on Tuesday announced plans to raise the retirement age to 64 and streamline the pension system, setting the stage for a major showdown with trade unions and a new wave of protests. Major disruption is expected in the coming weeks, with opinion polls showing that around two thirds of French people oppose raising the retirement age and most would support protests.

Boeing deliveries rose in 2022, but still lag Airbus
Boeing deliveries rose in 2022, but still lag Airbus
Business and Economy
by  AFP

Boeing accelerated the pace of commercial plane deliveries in the fourth quarter, but again lagged arch-rival Airbus for all of 2022, according to company data released Tuesday. Boeing has badly lagged Airbus in deliveries in recent years, and in 2022 it once again fell short of the European planemaker, which said Tuesday it had delivered 661 planes to airlines and other clients last year.