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EU agrees recycled plastic targets for cars
Car manufacturers in Europe will have to include more recycled plastics in new vehicles under new EU rules agreed on by the bloc's countries and lawmakers on Friday. Vehicle manufacturing accounts for 10 percent of the EU's overall consumption of plastics, and is responsible for 19 percent of demand for the bloc's steel industry, according to Brussels.
Russian central bank says suing Euroclear over frozen assets
Russia's central bank on Friday said it was suing the Belgium-based Euroclear financial group, which holds Moscow's frozen international reserves, as the EU moves closer to using the funds to support Ukraine. On Friday, Russia's central bank said it was filing "a lawsuit against Euroclear in the Moscow Arbitration Court" due to what it called "the illegal actions" of the institution.
Asian markets track Wall St record after Fed cut
Asian equities rose Friday as investors tracked a record day on Wall Street in the wake of the Federal Reserve's latest interest rate cut. Still, investors in New York continued to look at the positives, pencilling in more cuts next year and pushing the S&P 500 and Dow to fresh records.
Windswept Kazakh rail hub at the heart of China-Europe trade
Operating a huge cargo lifter, Zhandos Nurmagambetov was stacking containers onto a train before it headed across the steppe of Kazakhstan on a new railway route vital for China-Europe trade. Though Kazakhstan and China share a 1,800-kilometre border, the first container trains to Europe only launched in 2013, said railway official Utegulov.
Kushner returns to team Trump, as ethical questions swirl
His only official job title at the White House is son-in-law. As Trump sought a Gaza ceasefire in his second term, he turned again to his son-in-law.
Crypto mogul Do Kwon sentenced to 15 years for fraud
A US court sentenced cryptocurrency tycoon Do Kwon to 15 years in prison Thursday over fraud linked to his company's failure, which wiped out $40 billion of investors' money and shook global crypto markets. Kwon successfully marketed them as the next big thing in crypto, attracting billions in investments and global hype.
Crypto mogul Do Kwon sentenced to 15 years for fraud: US media
South Korean cryptocurrency tycoon Do Kwon was sentenced to 15 years in prison Thursday over fraud linked to his company's failure, which wiped out $40 billion of investors' money and shook global crypto markets, US media reported. Kwon successfully marketed them as the next big thing in crypto, attracting billions in investments and global hype.
US Treasury chief seeks looser regulation at financial stability panel
US Treasury Secretary Scott Bessent signaled key changes Thursday to a high-level panel on financial stability, putting more emphasis on economic growth and reduced regulation. Chaired by the Treasury secretary, it comprises representatives of top financial regulators including the Federal Reserve, the Securities and Exchange Commission, and the Federal Deposit Insurance Corporation.
Make your own AI Mickey Mouse - Disney embraces new tech
Walt Disney and OpenAI announced a three-year licensing deal Thursday that will allow users to create short videos featuring beloved Disney characters through artificial intelligence. Disney shares rose as much as two percent on Thursday after the announcement.
AFP
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