AFP
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EU seeks roadblocks for Chinese EVs without sparking trade war
The EU faces a delicate balancing act as it prepares to rev up taxes on Chinese electric cars to protect European industry, while steering clear of a US-style showdown with Beijing that could spark a trade war. The EU wants many more Europeans driving electric cars as it prepares to outlaw the sale of new fossil fuel-powered cars from 2035.
Boeing set to deliver plan to regulators on upgrading safety
Boeing is expected to deliver on Thursday a "comprehensive action plan" required by US air safety regulators after a near-catastrophic incident in January. At that time, the FAA gave Boeing 90 days to produce "a comprehensive action plan to address its systemic quality-control issues to meet FAA's non-negotiable safety standards."
Asian markets extend losses with Wall St as rate hopes dim
Asian markets fell Thursday, with traders tracking losses on Wall Street fuelled by concerns over rising Treasury yields and fading hopes for US interest rate cuts. A second straight day of weak demand in a Treasuries auction forced yields -- a proxy for interest rates -- to extend a recent advance.
Nobel winner Yunus brings 'social business' mantra to Olympics
Since the early days of Paris's bid for the 2024 Olympics, the city has been receiving advice from a prestigious counsel: Nobel peace prize winner and social business guru Mohammed Yunus. Having visited the village built for the 2016 Olympics in Rio de Janeiro -- a high-rise complex outside the city, with poor public transport links -- Yunus knew the pitfalls.
Asia gas expansion threatens green transition: report
Southeast Asia is on track to vastly expand its gas-fired power plant and liquid natural gas import capacity, threatening its green energy transition, a report warned Thursday.
Australia says engaging with Ticketmaster over hacking 'incident'
Australia's government said Thursday its cyber security office was "engaging" with US-based Ticketmaster after a hacking group claimed to have accessed the details of 560 million global customers. "The National Office of Cyber Security is engaging with Ticketmaster to understand the incident," an Australian government spokesperson said in a statement.
American Airlines shares sink as it lowers demand outlook
Shares of American Airlines dove Wednesday after it lowered its profit outlook, citing weaker demand and a troubled booking system upgrade. American lowered its second-quarter profit margin outlook and now sees earnings per share of between $1.00 to $1.15.
Rich nations met $100 bn climate finance goal two years late: OECD
Wealthy countries met their target of providing $100 billion in annual climate aid to poorer nations for the first time in 2022, two years later than promised, the OECD said Wednesday. More than a decade later this target was finally met for the first time in 2022 with $115.9 billion raised, the Organisation for Economic Co-operation and Development said.
Africa presses for reform of 'unjust' global financial system
There is an urgent need for reforms to the "unjust" global financial system, which penalises African nations with high borrowing rates, leaders said at a major African economic gathering in Kenya this week.
AFP
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