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UK prepares to host global leaders' gathering on AI
The UK government will welcome foreign political leaders, tech industry figures, academics and others this week for a two-day summit billed as the first of its kind on artificial intelligence (AI).
Heavy industry turns to carbon capture to clean up its act
For decades heavy industry around Dunkirk in northern France has belched out millions of tonnes of climate-heating gases. The CO2 will then be separated off and piped to a terminal in Dunkirk that will hold 1.5 million tonnes of the gas when it opens in 2028.
Crude slips on easing worries of region-wide Middle East war
Oil prices fell Monday as Israel stepped up ground attacks on Hamas targets in Gaza but held back from a full-on incursion, fanning hopes a wider conflict can be avoided. Thousands of civilians have been killed on both sides since the conflict was triggered by an unprecedented attack on Israel by Hamas on 7 October.
Free trade deal between EU and Australia collapses
A free trade deal between the European Union and Australia has unravelled despite early optimism, with Canberra saying Monday it could take years until negotiations resume. A European Commission spokesperson said it had been optimistic of striking a deal in Osaka, but that Australia had "re-tabled agricultural demands that did not reflect recent negotiations".
Drought and shrinking herds push US beef prices through the roof
A prolonged drought is shrinking livestock herds and driving beef prices to record highs in the US, even as consumption is growing stronger. Incentivized by record prices, many breeders are parting with their heifers earlier, which prevents the herd from growing, according to Baldwin.
US Fed likely to pause again with rates at 22-year high
The Federal Reserve will likely announce it is holding interest rates at a 22-year high on Wednesday, as it looks to tackle inflation without damaging the resilient US economy.
Kazakhstan mourns for 42 dead in ArcelorMittal mine disaster
Kazakhstan held nationwide mourning on Sunday after 42 people died in a blaze at an ArcelorMittal mine, the worst accident in the Central Asian country's post-Soviet history. - 'Worst' company in 'Kazakhstan's history' - Speaking to victims' relatives at the mine, Tokayev called ArcelorMittal "the worst enterprise in Kazakhstan's history in terms of cooperation with the government".
Stellantis, striking US auto union reach tentative deal
Stellantis and the striking United Auto Workers union have reached a preliminary deal similar to the one struck earlier this week with Ford, the union said Saturday -- allowing members to go back to work at grounded factories. Like the Ford deal, any preliminary agreement with European auto giant Stellantis would need to be ratified via a vote from UAW members.
Kazakhstan says 32 killed in ArcelorMittal mine fire
Kazakhstan said on Saturday that 32 people were killed in a fire in yet another deadly accident in a mine owned by ArcelorMittal, with over a dozen still missing, in the Central Asian country's worst disaster in years.
AFP
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