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Under pressure, EU to take axe to green rules
The EU is expected to roll back a slew of environmental rules on Wednesday as it charges ahead with a deregulation drive in a bid to keep up with the United States and China. Climate groups oppose paring back the rules.
Shunned by US, Europe courts India over trade and security
The EU's top team is to embark on an "unprecedented" visit to India this week, as the bloc seeks to broaden its commercial and diplomatic ties to hedge against souring relations with the United States. The trip is the latest sign of a Brussels push to diversify ties away from the United States and position itself as a reliable partner for others looking to do business.
BP to unveil strategy shakeup amid energy transition
British energy giant BP is set Wednesday to announce a shakeup to its strategy after a difficult trading year and as countries transition to cleaner energy. Last year, BP announced it would "significantly reduce" investment in renewable energy through the end of the decade.
Nauru sells citizenship to fund climate change mitigation
Pacific microstate Nauru is selling citizenship to fund its retreat from rising seas, President David Adeang told AFP, opening a contentious "golden passport" scheme as other climate financing runs dry. - Golden passports - Existing climate funding efforts are "not sufficient" to address the challenge, said Edward Clark, who runs Nauru's new Economic and Climate Resilience Citizenship Program.
Leading rare earths miner sees profits fall as prices sag
One of the world's largest rare earths producers outside China reported slumping net profits Wednesday, pointing to a "challenging" market for the hard-to-source metals used in renewable energy technologies. It bills itself as the "world's only significant producer of separated rare earth materials outside China".
US to probe need for tariffs on copper imports
Donald Trump ordered an investigation Tuesday into possible levies on US copper imports, with officials citing a need to rebuild domestic production and safeguard national security -- the latest salvo of the president's tariff threats. Trump on Tuesday signed an executive order tasking his commerce secretary with studying copper imports in order to end unfair trade.
Former Brazil president Dilma Roussef hospitalized in China
Former Brazilian president Dilma Rousseff has been hospitalized in Shanghai for ear inflammation, her team said Tuesday. Brazilian President Luiz Inacio Lula da Silva named Rousseff to lead the Shanghai-based New Development Bank (NDB) in 2023.
Japan's ANA to purchase mega-order of 77 new jets
Japan's biggest airline ANA Holdings announced Tuesday it will purchase 77 new aircraft from Boeing, Airbus and Embraer to replenish its fleet in order to serve growing passenger demand domestically and internationally. A spokesperson for Airbus said: "We are pleased that ANA has decided to grow its fleet with a new order for 24 A321neo and three A321XLR aircraft.
Bessent says tariffs key to Trump plan, can help fund investment
US Treasury Secretary Scott Bessent said Tuesday that tariffs are a crucial part of President Donald Trump's economic strategy, asserting that they can be a source of government revenue to help fund investment. They are able to boost US industrial capacity, help improve national security, and can be "an important source of government revenue, which can help fund investments," he added.
AFP
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