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Global matcha 'obsession' drinks Japan tea farms dry
Global matcha 'obsession' drinks Japan tea farms dry
Economy
by  AFP

At a minimalist Los Angeles matcha bar, powdered Japanese tea is prepared with precision, despite a global shortage driven by the bright green drink's social media stardom. "In the past two or three years, the craze has intensified: customers now want to make matcha themselves, like they see on social media," he added.

Tech giants' net zero goals verging on fantasy: researchers
Tech giants' net zero goals verging on fantasy: researchers
Economy
by  AFP

The credibility of climate pledges by the world's tech giants to rapidly become carbon neutral is fading fast as they devour more and more energy in the race to develop AI and build data centres, researchers warned Thursday. The report identifies a number of ways in which the tech sector can curb its carbon footprint, even as it develops AI apace.

Stocks down with eyes on Mideast, dollar hit by Trump Fed comment
Stocks down with eyes on Mideast, dollar hit by Trump Fed comment
Economy
by  AFP

Most stocks fell Thursday and oil rose as traders kept a nervous eye on the Iran-Israel ceasefire, while the dollar dropped after Donald Trump said he had a handful of candidates to succeed Federal Reserve boss Jerome Powell, fuelling rate cut bets. "We think it's fair to suggest that the pressure on Powell to cut rates will increase, and that's adding to selling pressure on the dollar."

Judge orders Trump admin to release billions in EV charging funds
Judge orders Trump admin to release billions in EV charging funds
Economy
by  AFP

A federal judge has ordered the Trump administration to release billions of dollars allocated for the construction of electric vehicle charging stations in over a dozen US states. Seventeen attorneys general sued the Trump administration to unfreeze funds in May, led by California, the state with the largest number of electric vehicles.