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Fight over fossil fuels drawdown looms at UN climate summit
Two years after nations agreed to transition away from fossil fuels, dozens are pushing to go even further at the COP30 climate summit, setting up a showdown with oil powers. It was the first time a decision by all nations at a climate summit had explicitly mentioned a global move away from fossil fuels, the main driver of climate change.
BBC says sorry to Trump, but rejects defamation claim
The BBC said Thursday that its chairman had sent a letter to US President Donald Trump apologising for a misleading edit of one of his speeches, but rejected that it was grounds for a defamation lawsuit.
Strong first-half profits keep Alstom firmly on rails
French rail manufacturer Alstom reported Thursday a strong first half of its 2025-2026 fiscal year, as sales and net profit both rose, propelled by healthy global demand for trains and rail infrastructure.
Pfizer completes Metsera acquisition in deal worth up to $10 bn
US drugmaker Pfizer said Thursday that it has completed its acquisition of biotech firm Metsera, closing a deal worth up to $10 billion after a fierce bidding war. It had offered to acquire Metsera for up to $86.25 per share, making the deal worth around $10 billion.
Boeing union votes to end strike, accept new contract
More than 3,000 striking Boeing defense workers on Thursday voted to end a strike over wage increases and retirement benefits, one of the longest work stoppages in the company's history. After rejecting four previous offers, workers accepted a wage increase and a $6,000 upfront payment.
Starbucks baristas launch strike on chain's 'Red Cup Day'
Hundreds of unionized Starbucks baristas kicked off an indefinite strike Thursday in cities across the United States, protesting working conditions and stalled labor negotiations. The "Red Cup Rebellion" will see rallies at 4 pm local time in more than a dozen US cities, and a work stoppage by about 1,000 baristas, according to Starbucks Workers United.
Mexican car industry fears higher tariffs on China will drive its demise
Mexico's car assembly industry, one of the biggest in the world, fears US President Donald Trump's tariff war will impede access to an increasingly indispensable component: digital dashboard touchscreens for which parts are sourced mainly in China.
EU backs small parcel duties to tackle China import flood
EU states on Thursday agreed to scrap a bloc-wide duty exemption on low-value orders from the likes of retail giants Temu and Shein to help tackle a flood of cheap Chinese imports. Member states, including France, and the EU executive hope the duty exemption can be done away with from the start of next year, rather than 2028.
Swiss economy minister back in Washington for tariff talks
Switzerland's economy minister Guy Parmelin was back in Washington for talks on Thursday, for the third time since the Alpine country was clobbered with huge tariffs. The pharmaceutical industry, Switzerland's largest export sector, could be living on borrowed time: medications are exempt from tariffs, but Trump regularly threatens to impose tariffs on them as well.
AFP
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