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Tree branches to fleece jackets: Chemicals plant in Germany bets on biomass
Tree branches to fleece jackets: Chemicals plant in Germany bets on biomass

Staring at a pile of freshly cut beechwood, forestry manager Johannes Brodowski wonders if he is looking at the future of Germany's chemicals industry. Germany's traditional chemicals industry has been battered by high energy prices and cheap competition from Asia, with national output now at its lowest level since 1995.

by  AFP

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COP-and-trade? Tariffs, carbon tax weigh on climate talks
COP-and-trade? Tariffs, carbon tax weigh on climate talks
by  AFP

In Belem, the Brazilian city hosting COP30, it's hard to miss the BYD Dolphin Mini -- the Chinese hatchback that's dominating the local electric vehicle market, even as the company races to catch up in Europe and is absent in North America.

Eurogroup chief quits for World Bank senior role
Eurogroup chief quits for World Bank senior role
by  AFP

Pascal Donohoe, head of the Eurogroup panel of eurozone finance ministers, quit Tuesday to take up a senior job at the World Bank, his spokesperson told AFP. Ireland's finance minister, who announced his resignation to cabinet ministers in Dublin, will become managing director at the Washington-based World Bank, they added.

Amazon, Microsoft cloud services could face tougher EU rules
Amazon, Microsoft cloud services could face tougher EU rules
by  AFP

Amazon and Microsoft cloud services could face stricter EU competition rules as Brussels probes their market power, the bloc's tech chief said Tuesday. Amazon and Microsoft already face stricter rules for their other services including Amazon Marketplace and Microsoft's LinkedIn platform. bur-raz/ub/jh

Merz, Macron to push for European digital 'sovereignty'
Merz, Macron to push for European digital 'sovereignty'
by  AFP

German Chancellor Friedrich Merz and French President Emmanuel Macron will join forces Tuesday to push for greater European digital "sovereignty" and less dependence on US tech titans as the AI race gathers pace. Merz and Macron are due to give keynote addresses in the afternoon at the summit, which will also be attended by digital ministers from across Europe.

Shares in 'Baby Shark' studio jump on market debut
Shares in 'Baby Shark' studio jump on market debut
by  AFP

Shares in the South Korean studio behind the ultra-catchy "Baby Shark" -- YouTube's most-viewed video -- surged as much as 60 percent on Tuesday as the company made its market debut in Seoul. In morning trade, the company's shares were up around 17 percent from their offering price of 38,000 won ($26), having earlier soared over 60 percent.