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German factory orders drop in new blow to Merz
German industrial orders unexpectedly fell in August, marking a fourth straight month of decline, official data showed Tuesday, the latest blow to the government's efforts to reboot the ailing economy. Analysts surveyed by financial data firm FactSet had predicted an increase of one percent in August.
Renewables overtake coal but growth slows: reports
Solar and wind farms generated more electricity than coal for the first time on record this year, but US and Chinese policy shifts are slowing growth, putting a global 2030 target out of reach, reports said on Tuesday. The report found that solar power generation jumped by a record 31 percent in the first six months of 2025, far outpacing wind, which grew 7.7 percent.
Extreme rains hit India's premier Darjeeling tea estates
Torrential rains that triggered deadly landslides and floods in India's Darjeeling region also destroyed swathes of premier tea estates, officials said Tuesday. Landslides destroyed more than 500 houses, forcing hundreds into temporary shelters, while tourists trapped by floodwaters were rescued by earthmovers, officials said.
EU channels Trump with tariffs to shield steel sector
The European Union will take a page out of US President Donald Trump's tariff playbook on Tuesday with a plan to hike levies and slash quotas for imported steel -- to protect the bloc's struggling industry from cheap Chinese competition.
Open AI's Fidji Simo says AI investment frenzy 'new normal,' not bubble
The dizzying investments in artificial intelligence infrastructure do not constitute a bubble but rather represent today's "new normal" to meet skyrocketing user demand, Fidji Simo, OpenAI's de facto number two, said on Monday. - Is the AI investment frenzy a bubble right now?
Tokyo stocks hit new record as Asian markets extend global rally
Japanese stocks hit another record Tuesday, building on the previous day's surge following the election of a pro-stimulus advocate to lead the country's ruling party, while gold also pushed to a new high amid the US government shutdown and French political upheaval.
Shhhh! California bans noisy TV commercials
Noisy TV commercials were banned in California on Monday, with a new law that demands pitchmen turn the volume down. "We heard Californians loud and clear, and what's clear is that they don't want commercials at a volume any louder than the level at which they were previously enjoying a program," Governor Gavin Newsom said after signing the bill into law.
EU should scrap ban on new combustion-engine sales: Merz
German Chancellor Friedrich Merz said Monday he wants the EU to scrap its planned 2035 deadline for ending new combustion-engine vehicle sales as his country looks for ways to help its ailing car industry. Merz also expressed hope that synthetic fuels could be developed in the coming years which would allow combustion engines to run "in an environmentally friendly manner".
Brazil's Lula asks Trump to remove tariffs in 'friendly' phone call
Brazilian President Luiz Inacio Lula da Silva urged US President Donald Trump to lift punitive trade tariffs in their first official talks Monday after months of animosity -- with both suggesting an in-person meeting in the near future. The Brazilian presidency said that Lula had raised the possibility with Trump of an in-person meeting at the ASEAN summit in Malaysia in October.
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