AFP
20237 articles published since 08 Mar 2022
20237 articles published since 08 Mar 2022
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 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."
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.
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 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 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.
Global technology giant Microsoft announced on Tuesday plans to invest $17.5 billion to help build India's artificial intelligence infrastructure, with CEO Satya Nadella calling it "our largest investment ever in Asia".
Production in Germany's key engineering sector plunged for a third straight year in 2025 as firms were squeezed by US tariffs and fierce Chinese competition, an industry group said Tuesday. An even bigger challenge was competition from Chinese companies that are increasingly rivalling German firms in more and more sectors, and in some cases benefitting from government subsidies, the VDMA warned.
France's social security bill was to go to a vote in parliament Tuesday, in a key hurdle for Prime Minister Sebastien Lecornu after he pledged to deliver a 2026 budget by year-end. On Tuesday afternoon, the lower house of parliament was to vote on the social security bill, which includes postponing the pensions reform until 2028, after the end of Macron's term in office.
AFP
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