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Crisis-hit Thyssenkrupp books another hefty annual loss
Crisis-hit Thyssenkrupp books another hefty annual loss
by  AFP

German industrial giant Thyssenkrupp reported Tuesday a massive annual loss for the second year running, as it battles challenges including a crisis in its historic steel division. Several key units -- including steel, automotive, and materials -- saw falling orders and sales in 2023/24, with Thyssenkrupp pointing to "significantly weaker demand" from major industries.

Urban mosquito sparks malaria surge in East Africa
Urban mosquito sparks malaria surge in East Africa
by  AFP

The spread of a mosquito in East Africa that thrives in urban areas and is immune to insecticide is fuelling a surge in malaria that could reverse decades of progress against the disease, experts say.

S.Africa offers a lesson on how not to shut down a coal plant
S.Africa offers a lesson on how not to shut down a coal plant
by  AFP

The cold corridors of South Africa's once-mighty Komati coal-fired power plant have been quiet since its shutdown in 2022 in what was trumpeted as a pioneering project in the world's transition to green energy. - Mistakes and lessons - The missteps at Komati are lessons for other coal-fired power plants marked for shutdown, Pillay said.

Spanish resort to ban new holiday flats in 43 neighbourhoods
Spanish resort to ban new holiday flats in 43 neighbourhoods
by  AFP

Malaga moved Monday to ban new short-term apartment rentals to tourists in 43 neighbourhoods of the southern Spanish city, the latest move in the country to limit holiday flats. Short-term holiday rentals account for 65 percent of total tourist accommodation in Malaga's centre, according to a study conducted by local authorities.

Japan, UK to hold regular economic security talks
Japan, UK to hold regular economic security talks
by  AFP

Japan and Britain have agreed to hold regular high-level talks on economic security, Tokyo said Tuesday after the two countries' leaders met on the sidelines of the G20 summit. Ishiba and Starmer agreed to launch the so-called "economic 2+2" talks between their foreign and economic ministers "to further advance bilateral cooperation, in the field of economy including trade and economic security."