AFP
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UK govt sets out new water plan to tackle pollution
Britain on Tuesday announced a plan to protect water supplies, amid a long-running scandal over privatised water firms pumping raw sewage into rivers and onto seashores. The plan comes amid a continuing sewage scandal, which closed several UK beaches at the height of the heatwave last summer.
Cryptocurrency surges as Musk changes Twitter logo to 'meme dog'
A meme-inspired cryptocurrency's price jumped on Tuesday after Elon Musk changed the bluebird logo of Twitter to a dog associated with the digital token, despite the mogul being sued over his previous promotion of the coin.
Global art market up slightly at $67.8 billion in 2022
The art market rose slightly to $67.8 billion last year despite an uncertain global climate, thanks to high-end and digital sales, an annual report said on Tuesday.
Virgin Orbit files for bankruptcy, seeks buyer
Virgin Orbit, the satellite launch company founded by Richard Branson, has filed for Chapter 11 bankruptcy and will sell the business, the firm said in a statement Tuesday.
Evergrande enters debt restructuring plan with creditors
Chinese property developer Evergrande said it has entered into a restructuring agreement with a group of international creditors, in what could be a breakthrough deal toward easing the developer's massive debt.
Credit Suisse chiefs face the music at AGM
Credit Suisse shareholders will get their first chance to voice their frustrations at the beleaguered bank's takeover by UBS, at its annual general meeting in a Zurich concert venue Tuesday. UBS is facing its own annual general meeting in Basel on Wednesday and the tone of the Credit Suisse AGM could feed into the mood when UBS chiefs face their shareholders, who also had no say in the takeover.
Asian markets swing as oil surge weighs on Fed rate hopes
Asian markets were mixed Tuesday as concerns about the impact of surging oil prices on inflation offset data indicating a slowing US economy that could allow the Federal Reserve to slow its interest rate hikes. Sydney was down ahead of a Reserve Bank of Australia interest rate decision.
Jury orders Tesla to pay former worker in racism case
A San Francisco jury on Monday ordered Tesla to pay a Black former employee nearly $3.2 million for turning a blind eye to racism at the electric car maker's Silicon Valley plant. The verdict in the retrial was a victory of sorts for Tesla, which had been ordered to pay Owen Diaz $137 million by a jury when the original trial ended in October 2021.
Australia bans TikTok on government devices
Australia said Tuesday it will ban TikTok on government devices, joining a growing list of Western nations cracking down on the Chinese-owned app due to national security fears. Australia is the last member of the secretive Five Eyes security alliance to pursue a government TikTok ban, joining its allies the United States, Britain, Canada and New Zealand.
AFP
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