AFP
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An Aussie tycoon bets billions on cleaning up iron ore giant
Moored off a Manhattan pier for New York's annual Climate Week is one of the world's first ammonia-powered vessels -- a green flagship for an Australian tycoon's drive to decarbonize his mining empire. The Green Pioneer is meant to be the first in a fleet of ammonia-powered ships.
Lufthansa planning thousands of job cuts: sources
Lufthansa is planning to cut thousands of administrative staff as the German aviation giant seeks to reduce costs following a fall in earnings, sources close to the matter said Friday. Two sources, speaking on condition of anonymity, confirmed to AFP that Lufthansa was planning to axe up to 20 percent of its administrative staff.
China at UN warns of return to 'Cold War mentality'
Chinese Premier Li Qiang warned Friday against a return to a "Cold War mentality" and defended multilateralism and free trade, in a veiled criticism of the United States from the United Nations. "Unilateralism and (the) Cold War mentality are resurfacing.
US Fed's preferred inflation gauge rises, with more cost pressures expected
The US Federal Reserve's preferred inflation measure edged up in August as tariffs filtered through the economy, government data showed Friday, with analysts warning of further cost pressures after President Donald Trump unveiled a slew of upcoming duties.
Facebook, Instagram to offer paid ad-free UK subscriptions
Meta announced Friday that Facebook and Instagram users in the UK will be able to buy ad-free subscriptions, extending a model already in place in Europe, to comply with regulation. Meta first announced its ad-free option in the EU at the end of 2023 to comply with tougher regulation intended to rein in big tech.
The nations and firms threatened by Trump's pharma tariffs
Donald Trump has shocked the global drug industry by announcing 100-percent tariffs on all branded, imported pharmaceutical products -- unless companies are building manufacturing plants in the United States.
Kenyan jeans factory to fire workers as US deal expires
A Kenyan factory making jeans for US stores will start firing hundreds of workers this week as American lawmakers failed to renew Africa's duty-free access in time, its boss said Friday.
UN identifies 158 firms linked to Israeli settlements
The United Nations on Friday released a long-awaited update of its database of companies with activities in Israeli settlements in Palestinian territories, listing 158 firms from 11 countries. It came in response to a UN Human Rights Council resolution four years earlier demanding a database of firms that profited from business in illegally occupied Palestinian territory.
Turkish Airlines inks big Boeing deal after Erdogan visits US
Turkish Airlines announced on Friday a deal to buy up to 225 Boeing jets, one day after President Recep Tayyip Erdogan made his first White House visit since 2019. The Boeing deal follows Turkish Airlines' December 2023 announcement of a 355-plane order from European rival Airbus.
AFP
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