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US Fed appears set for third rate cut despite sharp divides
The US Federal Reserve is expected to deliver a further interest rate cut Wednesday despite divisions among its ranks, with chief Jerome Powell's ability to secure support from fellow policymakers put to the test.
Veggie 'burgers' at stake in EU negotiations
EU countries and lawmakers will wrangle Thursday over whether to give plant-based "sausages" and veggie "burgers" the chop, amid a push to restrict such labels to meat products. Lawmakers at the European Parliament in October backed a proposal to reserve a list of labels including burger and sausage for foods containing meat.
South Korea chip giant SK hynix mulls US stock market listing
South Korean chip giant SK hynix said on Wednesday it was considering a US stock market listing using treasury shares as part of efforts to boost shareholder value. In a regulatory filing, SK hynix said it was "considering various measures to enhance shareholder value, including listing on the US stock market using treasury shares, but no decisions have been finalised yet".
ExxonMobil slows low-carbon investment push through 2030
ExxonMobil is slowing medium-term investments in low-carbon ventures by some $10 billion compared with its outlook a year ago, the oil giant announced Tuesday. Under either investment scenario, the low-carbon ventures represent a small percentage in the company's overall capital budget, which is still heavily tilted towards conventional fossil fuels.
Canada launches billion dollar plan to recruit top researchers
Canada on Tuesday launched a CAN$1.7 billion ($1.2 billion) program to recruit leading global researchers, part of the effort to poach intellectual talent looking to leave the United States because of President Donald Trump's policies. Canada's federal government has now joined this effort, in what it called "one of the largest recruitment programs of its kind globally."
US Supreme Court weighs campaign finance case
The US Supreme Court heard arguments on Tuesday in a Republican challenge to campaign finance rules that could impact next year's midterm elections. It was unclear during oral arguments on Tuesday how the court would rule although several of the six conservative justices on the nine-member court appeared inclined to strike down the restrictions.
French lawmakers give first approval to social security budget bill
The lower house of French parliament on Tuesday narrowly approved a social security budget, clearing a major hurdle for Prime Minister Sebastien Lecornu as he seeks to finalise a 2026 spending plan by year-end. The premier has promised to secure approval for a spending plan by the end of December.
TotalEnergies in deal for Namibia offshore oil field
TotalEnergies said Tuesday it had reached a deal to become a partner in the Mopane oil field off the coast of Namibia, where exploration remains underway. The deal will see TotalEnergies take a 40 percent stake in the petroleum exploration licence that includes Mopane.
India's biggest airline IndiGo says operations 'back to normal'
India's biggest airline IndiGo said Tuesday its operations had stabilise after it cancelled thousands of flights, triggering days of airport chaos last week. "Our on-time performance is... back to normal levels," an IndiGo statement said, adding the airline was operating more than 1,800 flights on Tuesday, and planned to "fly nearly 1,900 flights" on Wednesday.
AFP
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