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An Aussie tycoon bets billions on cleaning up iron ore giant
An Aussie tycoon bets billions on cleaning up iron ore giant
by  AFP

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 planning thousands of job cuts: sources
by  AFP

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'
China at UN warns of return to 'Cold War mentality'
by  AFP

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.

Facebook, Instagram to offer paid ad-free UK subscriptions
Facebook, Instagram to offer paid ad-free UK subscriptions
by  AFP

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.

UN identifies 158 firms linked to Israeli settlements
UN identifies 158 firms linked to Israeli settlements
by  AFP

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.