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Brazil, other nations agree to quadruple sustainable fuels
Brazil, India, Italy and Japan vowed Tuesday to quadruple their production and consumption of renewable fuels, hoping other countries will join the pledge during UN climate talks in November. The pledge involves quadrupling the production of sustainable fuels such as biofuels, hydrogen and some synthetic fuels by 2035, compared to 2024 levels.
Strong dealmaking boosts profits at US banking giants
Robust dealmaking activity and strong trading results helped boost US bank earnings Tuesday despite lingering worries about a softening job market and a potentially overvalued stock market.
French telecoms join forces to break up embattled SFR
Three of France's main telecom groups said Tuesday they lodged a joint bid for SFR, a debt-laden rival struggling to keep up in an increasingly competitive market. If the takeover bid is successful, Bouygues would acquire 43 percent of SFR's operations, Iliad 30 percent and Orange 27 percent.
US indicts Cambodian tycoon over $15bn crypto scam empire
US authorities on Tuesday unsealed an indictment against Chen Zhi, a UK-Cambodian businessman accused of running forced labor camps in Cambodia where trafficked workers carried out cryptocurrency fraud schemes that netted billions of dollars.
Myanmar scam centres booming despite crackdown, using Musk's Starlink: AFP investigation
Scam centres in Myanmar blamed for swindling billions from victims across the world are expanding fast just months after a crackdown that was supposed to eradicate them, an AFP investigation has found. China, Thailand and Myanmar forced pro-junta Myanmar militias who protect the centres into promising to "eradicate" the compounds in February.
China, EU stand firm on shipping emission deal despite US threats
China, the European Union and several other members of the International Maritime Organization reaffirmed their support on Tuesday for ambitious plans to cut shipping emissions, despite US threats.
US Fed chair flags concern about sharp slowdown in job creation
US Federal Reserve Chair Jerome Powell warned Tuesday that risks to employment had risen in recent months, noting there had been a sharp slowdown of job creation in the world's leading economy.
Chipmaker Nexperia says banned from exporting from China
Chipmaker Nexperia said Tuesday the Chinese government had banned it from exporting goods from China, after Dutch authorities seized control of the Netherlands-based firm citing management concerns.
Animal welfare transport law deadlocked in EU
An EU proposal aimed at improving animal transport conditions has hit a wall two years after its introduction, with negotiations deadlocked and its future uncertain.
AFP
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