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EU approves 2035 ban on new fossil fuel car sales
The European Parliament on Tuesday gave its final approval to a ban on new sales of carbon-emitting petrol and diesel cars by 2035, with a view to getting them off the continent's roads by mid-century. In practice, in the final legislation, this means a halt to sales of new petrol and diesel cars, light commercial vehicles and hybrids in the bloc by that date, in favour of all-electric vehicles.
Air India to buy 250 Airbus planes in 'historic' deal
Air India will buy 250 Airbus planes in a deal aimed at transforming the former national carrier, it said Tuesday, after decades as a monumental burden on the public purse. But by the end of the century, the venture was struggling to compete with Gulf carriers and no-frills airlines, starved of investment and racking up billions of dollars in losses that dragged on the public purse.
Ford to cut 3,800 jobs in Europe, mostly Germany, UK
US automaker Ford said Tuesday it would cut 3,800 jobs in Europe, mostly in Britain and Germany, as competition in the electric car sector intensifies. The job cuts in Germany are lower than the 3,200 layoffs that the IG Metall union had expected in January.
Australia removes Chinese-made cameras from politicians' offices
Australian officials said Tuesday dozens of Chinese-made security cameras would be ripped out of politicians' offices, days after the country's defence minister announced his department would remove the devices from its buildings due to security concerns.
Rental costs, gasoline prices behind January US inflation: analysts
Rising rents, a gasoline price rebound and vehicle costs helped keep US inflation elevated in January, analysts say, amid signs that policymakers have some way to go in bringing prices down. Should inflation fail to cool between December and January, analysts expect the Fed will press on with further hikes to the benchmark lending rate.
Most Asian markets track Wall St rally ahead of US inflation data
Most Asian equities rose Tuesday, tracking big gains on Wall Street as investors gear up for the release of crucial US inflation data later in the day, though analysts warned the optimism might be overdone. The broad gains followed a strong lead from Wall Street, where all three main indexes closed more than one percent higher.
Amazon's Zoox robotaxis take to California roads
The Amazon subsidiary Zoox on Monday said its self-driving vehicles with no manual controls took to California public roads over the weekend, calling it a major breakthrough for the robotaxi industry.
Bank of Japan's 'bazooka' chief Kuroda's record tenure
Bank of Japan governor Haruhiko Kuroda is stepping down after a 10-year tenure defined by his signature "bazooka" of easy money policies, designed to reboot the country's moribund economy. Later that year, Kuroda announced another step -- buying as many or few 10-year government bonds as necessary to ensure their yields remained steady at zero.
Kazuo Ueda nominated next Bank of Japan governor
Economics professor Kazuo Ueda was nominated Tuesday as the Bank of Japan's next governor, tasked with navigating a way forward after a decade of extraordinary monetary easing. Kazuo Momma, executive economist at Mizuho Research and Technologies and a former assistant governor at the Bank of Japan, told AFP that Ueda had "never been hawkish with regard to the BoJ's monetary policy."
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