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20229 articles published since 08 Mar 2022

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Swiss court to hear landmark climate case against cement giant
Swiss court to hear landmark climate case against cement giant
Economy

A Swiss court has decided to hear a landmark climate case pitting residents of a tiny Indonesian island being swallowed by rising sea levels against cement giant Holcim, NGOs helping the islanders said Monday. Holcim has not owned any cement plants in Indonesia since 2019, but the islanders argue that the company shares the blame for rising temperatures and sea levels.

Asian markets rally with Wall St as rate hopes rise, AI fears ease
Asian markets rally with Wall St as rate hopes rise, AI fears ease
Economy

Asian markets rallied Monday and gold hit a record high as the latest round of US data boosted hopes for more interest rate cuts, while worries over AI spending also subsided. Gold, which benefits from lower US interest rates, hit a fresh record above $4,388, while silver also struck a new peak.

US in 'pursuit' of third oil tanker in Caribbean: official
US in 'pursuit' of third oil tanker in Caribbean: official
Economy

The US Coast Guard was pursuing another allegedly sanctioned tanker on Sunday, a US official told AFP, as Washington ramps up its pressure campaign targeting Venezuela's vital oil sector. "The United States Coast Guard is in active pursuit of a sanctioned dark fleet vessel that is part of Venezuela's illegal sanctions evasion.

CO2 soon to be buried under North Sea oil platform
CO2 soon to be buried under North Sea oil platform
Economy

In the North Sea where Denmark once drilled for oil, imported European carbon dioxide will soon be buried under the seabed in a carbon capture and storage (CCS) project nearing completion. And even more so when it involves burying them at sea.

As US battles China on AI, some companies choose Chinese
As US battles China on AI, some companies choose Chinese
Economy

Even as the United States is embarked on a bitter rivalry with China over the deployment of artificial intelligence, Chinese technology is quietly making inroads into the US market. It was also a reckoning for the United States -- locked in a battle for dominance in AI tech with China -- on how far its archrival had come.

China's rare earths El Dorado gives strategic edge
China's rare earths El Dorado gives strategic edge
Economy

Buried in the reddish soil of southern China lies latent power: one of the largest clusters of crucial rare earths is mined around the clock by a secretive and heavily guarded industry. Since then, China has taken advantage of its natural reserves -- the largest of any country -- to dominate processing and innovation in the field.

Brazil's Lula asks EU to show 'courage' and sign Mercosur trade deal
Brazil's Lula asks EU to show 'courage' and sign Mercosur trade deal
Economy

Brazilian President Luiz Inacio Lula da Silva on Saturday urged the European Union to show "courage" and sign a trade deal with the South American Mercosur bloc. "Without political will and courage on the part of leaders, it will not be possible to conclude negotiations that have dragged on for 26 years," Lula said in his opening speech at the Mercosur summit in Foz do Iguacu.

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