Economy
Germany joins criticism of EU anti-deforestation law
Pressure mounted on the European Union on Friday to delay a ban on imports of products driving deforestation, after Germany added became the latest country to request the rules be postponed. Outside the EU, Brazil became the latest country to call for a reassessment this week.
Russian central bank hikes rate as inflation jumps
Russia's central bank on Friday raised interest rates to 19 percent amid the country's ongoing Ukraine offensive, warning inflation was running too high and it needed to cool the economy. Inflation was running at an annual rate of 9.05 percent in August, the country's statistics agency said earlier this week.
US finalizes sharp tariff hikes on Chinese EVs, other goods
The United States locked in tariff hikes on billions of dollars worth of Chinese goods Friday, with a 100 percent duty on electric vehicles and 25 percent on EV batteries taking effect in two weeks.
Going green? British fashion struggles with sustainability
In an industrial underground space in central London, models in contrasting period dresses and playful streetwear strutted down a brightly lit London Fashion Week (LFW) runway. - Textile waste - There are a number of solutions to make fashion "greener", some of which will be on display at London Fashion Week.
Climate finance talks make little progress before UN summit
International negotiations on money to help developing countries tackle climate change concluded without a breakthrough this week, just two months before Azerbaijan hosts the United Nations climate summit. "It is shameful how developed countries have been undermining these finance negotiations," Paoli said.
UK blocks approval of first coal mine in 30 years
Environmental campaigners on Friday claimed a "huge victory" after a court ruling overturned a decision to allow planning permission for the UK's first deep coal mine in 30 years. The High Court agreed with Friends of the Earth and the campaign group South Lakes Action on Climate Change that emissions from burning the extracted coal were not properly considered during the planning process.
China bans PwC for six months over Evergrande audit
Accountancy giant PwC was banned in China Friday for six months and slapped with a fine of $62.2 million over problems with its audit of beleaguered property company Evergrande. In a separate statement Friday, China's top securities regulator said it had penalised PwC, while another fine in coordination with the finance ministry brought the total to 441 million yuan ($62.2 million).
Troubled Deutsche Bahn sells logistics unit to Danish group
Troubled German rail operator Deutsche Bahn announced Friday the sale of its logistics unit Schenker to Danish group DSV for 14.3 billion euros ($15.8 billion) to create a freight-forwarding giant. The Danish group plans to invest one billion euros in Germany over the next three to five years, Deutsche Bahn said.
Italy busts ring trafficking retro video games from China
Italy's financial police said Friday they have dismantled a ring trafficking counterfeit vintage video game consoles from China containing some of the most popular titles of the 1980s and 90s.
Economy
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