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Indonesian islanders take on Swiss cement group in climate case
A Swiss court on Wednesday weighed whether to hear a landmark climate case pitting residents of a tiny Indonesian island being swallowed by rising sea levels against cement giant Holcim. Environmentalists have said 11 percent of the 42-hectare (104-acre) island of Pari has already disappeared in recent years, and it could be completely under water by 2050 due to rising sea levels.
Singapore to order Meta clamp down on govt impersonator scams
Singapore will order Meta to crack down on scammers pretending to be government officials, a type of fraud that has boomed in the city-state and cost victims tens of millions of dollars, authorities said Wednesday. This will be the first time police will order an online platform to tackle the rising scam problem in the city-state, Goh said.
England moves to ban sale of energy drinks to children
High-caffeine energy drinks such as Red Bull will be banned for sale to youths under 16 in England under plans announced by the government on Wednesday. Up to a third of 13- to 16-year-olds in England are believed to consume energy drinks -- some of which contain more caffeine than two cups of coffee -- despite most supermarkets having introduced a voluntary ban, according to the government.
Shell abandons huge biofuel project in Netherlands
British oil giant Shell announced Wednesday it has abandoned construction of one of Europe's largest biofuel plants in the Netherlands, as it focuses on its fossil fuels business. Shell and rival UK energy giant BP have been walking back various climate objectives and focusing more on oil and gas to raise their profits, which has drawn criticism from environmental activists.
Japan's long-term borrowing costs, gold hit record highs
A global bond selloff extended into Asia on Wednesday with yields in Japan hitting record levels, while gold reached a new peak as investors fret about public finances in countries from Japan to the United States. The selloff in Japanese debt mirrors widespread moves in the United States and Europe, with investors spooked over substantial piles of government debt globally.
Economists back Fed Governor Cook as Trump attempts ouster
Nearly 600 economists have signed an open letter expressing support for Federal Reserve Governor Lisa Cook and US central bank independence, as Cook battles President Donald Trump's attempt to fire her.
US limits TSMC chipmaking tool shipments to China
President Donald Trump's administration has revoked Taiwanese semiconductor giant TSMC's authorization to export US chipmaking equipment to China without a license, further restricting access to US technology in the country.
Google not required to sell Chrome, judge rules
A US judge on Tuesday rejected the government's demand that Google sell its Chrome web browser as part of a major antitrust case but imposed sweeping requirements to restore competition in online search. The US currently has five pending antitrust cases against major technology companies.
Trump says to ask Supreme Court for 'expedited ruling' in tariff appeal
US President Donald Trump said Tuesday that he plans to seek a swift ruling from the Supreme Court as his administration pushes to overturn a court decision that found many of his tariffs illegal. If these tariffs are ultimately ruled illegal, companies could potentially seek reimbursements. bys/bjt
AFP
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