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Can carbon credits help close coal plants?
Can carbon credits help close coal plants?
Economy
by  AFP

A few dozen kilometres from the Philippine capital Manila sits a coal plant that some hope could be a model for how developing countries can quit the polluting fossil fuel. "There's not one coal plant, of all the 4,500 in emerging markets and developing countries, that has been shut down and replaced with clean power," said Curtin.

Boeing suspends negotiations with striking workers
Boeing suspends negotiations with striking workers
Economy
by  AFP

Boeing on Tuesday suspended negotiations with its striking workers as it accused the International Association of Machinists and Aerospace Workers (IAM) of making unreasonable demands and withdrew its offer. "Given that position, further negotiations do not make sense at this point and our offer has been withdrawn."

7-Eleven owner's shares spike on report of new buyout offer
7-Eleven owner's shares spike on report of new buyout offer
Economy
by  AFP

Shares in the Japanese owner of 7-Eleven surged Wednesday following reports that Canada's Alimentation Couche-Tard (ACT) had hiked its takeover offer by almost 20 percent. But Bloomberg News and Japan's Nikkei business daily reported Wednesday that ACT, which owns the Circle K brand, had upgraded its offer to $18.19 per share, or a total of around seven trillion yen ($47.2 billion).