Economy
The United States on Tuesday banned all civilian flights to Haiti for a month, a day after three jetliners approaching or departing from its gang-ridden capital Port-au-Prince were hit by gunfire. The US Federal Aviation Administration's move came after a Spirit Airlines jetliner arriving from Florida in Port-au-Prince was hit by gunfire and had to reroute to the Dominican Republic.
A stocks rally following Donald Trump's US election win lost steam Tuesday as traders looked to consolidate recent gains, sending major indices lower on both sides of the Atlantic. Wall Street's main indices all closed lower after having racked up huge gains in the days following Trump's victory and Republican gains in Congress.
The head of the United Nations nuclear watchdog said Tuesday that atomic power should also be allowed to tap into climate change funds. Should nuclear get climate financing?
Under pressure by EU regulators, Meta said Tuesday it was offering non-paying users of its Facebook and Instagram services in the bloc the ability to do so with less targeted ads, as well as cutting its subscription rates. Meta said that over the coming weeks users in the EU would have the choice of seeing "less personalised ads" when they use Facebook and Instagram.
The creation of a UN-backed global carbon market has taken a step closer to reality with governments approving new standards for the use of credits to meet climate targets. Credits have long been bought and traded in the voluntary carbon market, but no common set of rules governs these trades, and the sector has been shaken by high-profile scandals.
Boeing said Tuesday that it delivered 14 aircraft in October, but production will likely take several weeks to return to normal after a worker strike that hit operations at two major assembly plants. Boeing said Tuesday that it would be several weeks before it fully restarts airplane production, given that restarting a manufacturing line is a multi-stage process.
Top Swiss chocolatier Lindt & Sprungli is disputing claims brought by US consumers in a class action lawsuit concerning the levels of heavy metals found in its chocolate bars.
The UK will aim to reduce greenhouse gas emissions by 81 percent on 1990 levels by 2035, Prime Minister Keir Starmer announced Tuesday, as his government ramps up its ambitions to help curb climate change. Ex-prime minister Boris Johnson had committed in 2021 to curb such emissions by 78 percent over the same period compared to 1990.
Nations have begun setting carbon-cutting targets for the decade ahead, and how ambitious these pledges are could make or break global efforts to avoid dangerous levels of climate change. There is no set template for countries to follow but richer countries -- historically the largest emitters -- have a responsibility to pledge the deepest emission cuts.
Economy
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