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New boss of Germany's crisis-hit railways vows 'new start'
The new chief of Germany's beleaguered rail network vowed Monday to make a new start, with the state-owned operator widely criticised for deteriorating services. Schnieder nevertheless vowed "many billions" would help get the network back on its feet, with 100 billion euros ($118 billion) earmarked for renewing it by 2029.
Burberry returns to London's top shares index
British luxury fashion label Burberry rejoined London's FTSE 100 on Monday, one year after exiting the top-tier stock index, and ahead of unveiling its latest collection at London Fashion Week. Burberry, vowing to win back customers with its signature outerwear, including its famed trench coats, will close out London Fashion Week on Monday evening with its runway show.
Climate goals and fossil fuel plans don't add up, experts say
Countries are still planning to increase production of fossil fuels to levels incompatible with global commitments on climate change, according to new research published on Monday. They "must commit to reversing the continued expansion of global fossil fuel production" in these crucial national climate plans, the report stated.
Asian markets mixed as traders take stock after Fed-fuelled rally
Asian markets fluctuated between gains and losses Monday as investors took a step back after last week's rally fuelled by the Federal Reserve's interest rate cut. Tokyo was the stand-out performer Monday, rising more than one percent, after the Bank of Japan said it would sell its ETFs -- bought as part of a campaign of monetary easing aimed at kickstarting the sluggish economy -- gradually.
Wealth tax economist hits back at French tycoon's 'pseudo-academic' claim
An economist behind a wealth tax plan embraced by the French left on Sunday urged France's richest person, Bernard Arnault, to show "respect for the truth" after the luxury goods tycoon described him as a "pseudo-academic" who wanted to "destroy the French economy".
France's richest man riles left with attack on 'pseudo-academic' behind tax plan
Left-wing figures in France on Sunday reacted with uproar after the country's richest man the luxury goods tycoon Bernard Arnault described an academic behind a wealth tax plan as a "far-left activist" who wanted to "destroy the French economy".
Floating wind power sets sail in Japan's energy shift
Close to a small fishing port in southwestern Japan, the slim white turbines of the country's first commercial-scale floating wind farm glimmer offshore, months before a key project in Tokyo's green-energy strategy begins.
White House says $100,000 H-1B visa fee to be one-time payment
The White House issued a major clarification Saturday to its new H-1B visa policy that had rattled the tech industry a day earlier, saying a $100,000 fee will be a "one-time" payment imposed only on new applicants.
Cyberattack hits European airports
Major European airports including Brussels, Berlin and London's Heathrow were Saturday hit by a cyberattack on check-in systems that caused cancellations and long delays for thousands of passengers.
AFP
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