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EU states plan Friday vote on Chinese EV tariffs
EU member states are expected to vote on whether to slap hefty tariffs on imported electric cars from China on Friday, European diplomats said on Monday. The European Commission, in charge of EU trade policy, plans to levy additional duties of up to 36 percent on electric vehicles imported from China but the issue has divided the bloc.
E.Guinea, Gabon clash at ICJ over oil-rich islands
Gabon and Equatorial Guinea faced off on Monday at the International Court of Justice, hoping to resolve a decades-old scrap over the sovereignty of three disputed islands in potentially oil-rich waters. Gabon argues that a later treaty signed in 1974 -- the Bata Convention -- gives it sovereignty over the islands.
New blow for UK's Starmer as growth data disappoints
Britain's economy grew less than initially estimated in the second quarter, revised official data revealed Monday, dealing another early blow to new Prime Minister Keir Starmer and his Labour government.
Japan's next PM eyes snap election, reports say, as stocks sink
Japan's incoming prime minister Shigeru Ishiba is poised to call snap elections for October 27, local media reported Monday, as equities plunge on a strong yen and fears that tax hikes are on the cards. Ishiba is finalising plans to dissolve parliament on October 9 ahead of general elections on October 27, local media reported on Monday.
China megacities ease homebuying rules to boost property market
Three Chinese megacities on Monday eased restrictions on buying homes and Beijing's central bank said it would ask financial institutions to lower mortgage rates, as the country seeks to pull itself out of a housing slump.
Tokyo stocks dive on strong yen as Hong Kong, Shanghai extend rally
Stocks plunged more than four percent in Tokyo on Monday after the yen surged in reaction to Shigeru Ishiba's election last week as the head of Japan's ruling party, which boosted expectations the Bank of Japan will continue hiking interest rates. Among the measures unveiled over the last week were interest rate cuts, easing of how much banks must keep in reserve and softer rules on buying a home.
Britain's last coal-fired power station closes
The UK's last coal-fired power station will officially close its doors on Monday, making Britain the first G7 country to end its reliance on the fossil fuel to produce electricity. The history of Britain's reliance on coal dates back to 1882, when the world's first coal-fired power station was built in central London. ajb/har/ju/yad
Nepal dam-building spree powers electric vehicle boom
Taxi driver Surendra Parajuli's decision to buy an electric cab would have been unthinkable a decade ago, when chronic power cuts left Nepalis unable to light their homes at night.
Bike apprenticeship helps break UK reoffending cycle
Cameron Moseley hopes never to return to jail thanks to a pioneering scheme in London that aims to cut reoffending by training former prisoners to become bicycle mechanics. He came up with the idea while volunteering at Brixton prison in south London, where he saw inmates return to jail because often they had been unable to find work after their release.
AFP
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