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Oil, gas giants could pay climate damage and still profit: research
Major oil and gas companies such as Aramco, ExxonMobil and Shell could have paid for their share of the damage caused by climate change and still earned trillions of dollars in profit, researchers said on Thursday. The estimated damage caused by carbon emissions from the 25 companies cost $20 trillion from 1985 to 2018 -- but during that time they earned $30 trillion, the report said.
Siemens nets record profits, but outlook cautious
German industrial giant Siemens on Thursday gave a cautious sales forecast for 2024, after netting a record profit in the previous financial year driven by its digital division. This cautious assessment is mainly due to the "Digital Industries" division, whose work includes supplying technologies for automation.
Quakes and climate: how Dutch farmers lost faith in politics
Spade in hand, Dutch organic farmer Piet Glas strolls off with his Jack Russell terrier Ollie to hunt mice nesting in a nearby apple orchard. There is a lot of unhappiness," said Glas, whose farm produces organic apples, berries and free-range chickens for sale in the nearby village of Loppersum.
China ready to be 'partner and friend' of US: Xi
China is "ready to be a partner and friend of the United States," President Xi Jinping told US business leaders on Wednesday, as concerns mount over the country's slowing economy.
Musk's X launches court fight with Australian watchdog
Australia's online safety watchdog said Thursday it was being taken to court by Elon Musk's X in a fight over the platform's failure to outline how it combats child sexual abuse content. Instead, X has taken the case to Australia's federal court.
Asian markets drop as rate-hope rally loses steam
Asian markets fell Thursday as investors took a breather and cashed in on a recent rally, though analysts said the outlook was bright, even as data pointed to a soft landing for the world's top economy. The soft landing is taking shape," he said.
In Mexico, building a rail rival to the Panama Canal
At Mexico's narrowest point, linking the Pacific and Atlantic oceans, the government is building a railway rival to the Panama Canal with promises of economic bounty but amid fears of environmental and social harm. But, he warned, that "does not erase its environmental and social impact."
US seizes $1 bn worth of fake luxury goods in NY
Anyone who walks the streets of Manhattan can observe sidewalk vendors hawking counterfeit luxury products. From January through the end of October, the two defendants, Adama Sow, 38, and Abdulai Jalloh, 48, allegedly ran a large-scale knockoff goods ring out of storage facilities in Manhattan, authorities said.
US regulator greenlights Starship's next launch on Friday
The US Federal Aviation Administration (FAA) on Wednesday authorized SpaceX to carry out its second launch of Starship, the most powerful rocket ever built, after a first attempt in April ended in a spectacular explosion. On April 20, SpaceX blew up the uncrewed rocket four minutes after it blasted off.
AFP
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