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3M to phase out 'forever chemicals' PFAS by 2025
3M to phase out 'forever chemicals' PFAS by 2025
Business and Economy
by  AFP

US industrial giant 3M announced Tuesday it will phase out production of so-called "forever chemical" PFAS in light of tightening regulation connected to harmful health effects from their use. 3M said Tuesday that its annual net sales of manufactured PFAS are about $1.3 billion. jmb/tjj

EU cuts gas consumption by 20% over past four months
EU cuts gas consumption by 20% over past four months
Business and Economy
by  AFP

EU countries have cut the amount of natural gas they consume by 20 percent over the past four months as they adapt to an energy crunch, the bloc's statistics agency said Tuesday. All but two EU countries showed declines, with major economies Germany, France slicing the amount of gas used by 25 percent and 20 percent, respectively, over that period.

US agency orders Wells Fargo to pay $3.7 bn for shoddy banking practices
US agency orders Wells Fargo to pay $3.7 bn for shoddy banking practices
Business and Economy
by  AFP

US officials announced Tuesday a $3.7 billion settlement with Wells Fargo over an array of "illegal activity" that burdened customers with wrongful home foreclosures and other problems. Wells Fargo will pay $2 billion to compensate customers and $1.7 billion in civil fines under a Consumer Financial Protection Bureau settlement that the agency said pertained to some 16 million consumer accounts.