German premium carmaker BMW said Wednesday that it expected to largely ride out the impact of US tariffs over the coming year, and that it hoped to soften their impact. In a statement, BMW said it expects "some of the tariff increases to be temporary, with reductions from July 2025."
The Dutch city of The Hague has become the first in the world to pass local laws banning advertisements for fossil fuels, petrol cars and long-distance air travel, officials said Friday.
It's the end of an era: after 74 years the blast furnace at Chile's biggest steelmaker will be turned off on Monday, snuffed out by competition from China with the loss of thousands of jobs.
Pressure mounted on the European Union on Friday to delay a ban on imports of products driving deforestation, after Germany added became the latest country to request the rules be postponed. Outside the EU, Brazil became the latest country to call for a reassessment this week.
Russia's central bank on Friday raised interest rates to 19 percent amid the country's ongoing Ukraine offensive, warning inflation was running too high and it needed to cool the economy. Inflation was running at an annual rate of 9.05 percent in August, the country's statistics agency said earlier this week.
The United States locked in tariff hikes on billions of dollars worth of Chinese goods Friday, with a 100 percent duty on electric vehicles and 25 percent on EV batteries taking effect in two weeks.
In an industrial underground space in central London, models in contrasting period dresses and playful streetwear strutted down a brightly lit London Fashion Week (LFW) runway. - Textile waste - There are a number of solutions to make fashion "greener", some of which will be on display at London Fashion Week.
International negotiations on money to help developing countries tackle climate change concluded without a breakthrough this week, just two months before Azerbaijan hosts the United Nations climate summit. "It is shameful how developed countries have been undermining these finance negotiations," Paoli said.
Environmental campaigners on Friday claimed a "huge victory" after a court ruling overturned a decision to allow planning permission for the UK's first deep coal mine in 30 years. The High Court agreed with Friends of the Earth and the campaign group South Lakes Action on Climate Change that emissions from burning the extracted coal were not properly considered during the planning process.
Accountancy giant PwC was banned in China Friday for six months and slapped with a fine of $62.2 million over problems with its audit of beleaguered property company Evergrande. In a separate statement Friday, China's top securities regulator said it had penalised PwC, while another fine in coordination with the finance ministry brought the total to 441 million yuan ($62.2 million).
Economy
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