AFP
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World Bank and IMF climate snub 'worrying': COP29 presidency
The hosts of the most recent UN climate talks are worried international lenders are retreating from their commitments to help boost funding for developing countries' response to global warming. - Money matters - Under the Paris Agreement, wealthy developed countries -- those most responsible for global warming to date -- are obligated to pay climate finance to poorer nations.
UK probes Amazon over suspected late payments to food suppliers
Britain's grocery watchdog on Friday launched an investigation into whether online retail giant Amazon made late payments to food suppliers. That made it subject to industry rules that ensure Britain's largest retailers -- those with an annual grocery turnover above £1 billion ($1.3 billion) -- treat suppliers fairly.
French champagne makers face prison in human trafficking trial
French prosecutors have requested two years behind bars for an employer in the champagne sector accused of human trafficking, exploiting seasonal workers and housing them in appalling conditions during the 2023 grape harvest.
Russian government, central bank spar over economic downturn
Russian officials sparred publicly on Friday over how to boost the economy, as growth slows more than three years into its Ukraine offensive. Russia's gross domestic product (GDP) growth slowed to 1.4 percent year-on-year in the first quarter, the lowest quarterly figure in two years.
EU bars Chinese firms from major state medical equipment contracts
The European Union on Friday banned Chinese firms from government medical device purchases worth more than five million euros ($5.8 million) in retaliation for limits Beijing places on access to its own market. The European Commission said in a statement the move was in "response to China's longstanding exclusion of EU-made medical devices from Chinese government contracts."
Crude sinks as Trump delays decision on Iran strike
Oil prices tumbled Friday and equity traders fought to end a volatile week on a positive note after Donald Trump said he would consider over the next two weeks whether to join Israel's attacks on Iran. "President Trump's two-week 'thinking window' on whether to join Israel's war against Iran is no cooling-off period -- it's a ticking volatility clock."
Monsters and memes: Labubu dolls ride China soft-power wave
Small, fuzzy and baring sharp teeth, Chinese toymaker Pop Mart's Labubu monster dolls have taken over the world, drawing excited crowds at international stores and adorning the handbags of celebrities such as Rihanna and Cher.
'Turkish salmon': the Black Sea's new rose-coloured gold
Sitting in his spacious office with a view of the Black Sea, Tayfun Denizer smiles: his rainbow trout, raised in submerged cages, have made him a wealthy man. Last year, the country exported more than 78,000 tonnes of trout raised in its cooler northern Black Sea waters, a figure 16 times higher than in 2018.
Europe's lithium quest hampered by China and lack of cash
Europe's ambition to be a world player in decarbonised transportation arguably depends on sourcing lithium abroad, especially in South America. In Africa, for example, Chinese demand has propelled Zimbabwe to become the fourth-largest lithium producer in the world.
AFP
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