Economy

US bans flights to Haiti after three jetliners hit by gunfire
US bans flights to Haiti after three jetliners hit by gunfire

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.

Global stocks slip as markets take post-US election breather
Global stocks slip as markets take post-US election breather

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.

Free Facebook in EU with less targeted ads
Free Facebook in EU with less targeted ads

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.

UN carbon market inches closer after COP29 agreement
UN carbon market inches closer after COP29 agreement

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 expects post-strike output recovery to take several weeks
Boeing expects post-strike output recovery to take several weeks

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.

UK to beef up its emissions cuts as it bids to be 'climate leader'
UK to beef up its emissions cuts as it bids to be 'climate leader'

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 to submit boosted climate plans: what's at stake?
Nations to submit boosted climate plans: what's at stake?

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.