Asian markets were mixed Wednesday as traders tried to gauge the economic outlook after Donald Trump picked a tough-negotiating hawk as his trade envoy the day after saying he would hit China, Canada and Mexico with hefty tariffs.The stuttering performance followed a broadly negative day on Tuesday and came despite another record-breaking lead from Wall …
Asian markets mixed as traders eye fresh trade tensions Read More »
India’s Adani Group conglomerate said Wednesday it had lost almost $55 billion in a stock market rout since US prosecutors last week accused its founder and other officials of fraud.The November 20 bombshell indictment in New York accused billionaire industrialist founder Gautam Adani and multiple subordinates of deliberately misleading international investors as part of a …
Adani Group says it lost nearly $55 bn as US charges sparked rout Read More »
Vietnamese electric vehicle manufacturer VinFast reported a net loss of $550 million for the third quarter, less than the same period last year as the firm recorded an uptick in sales.The communist state’s first homegrown car manufacturer is aiming to compete with global EV giants such as Tesla.VinFast shares have fluctuated wildly since debuting on …
Vietnamese EV maker Vinfast reports $550 million Q3 loss Read More »
Shares in the Japanese entertainment giant behind the popular Hello Kitty brand plunged on Wednesday after major shareholders said they would reduce their stakes.A statement issued Tuesday by Sanrio said shareholders including major bank Mitsubishi UFJ will let go of as many as 25.9 million shares, sold at a price to be determined later. The move …
Negotiations on a first global treaty to curb plastic pollution are moving “very, very slowly”, diplomats and observers told AFP on Wednesday, threatening the chances of reaching an agreement.Delegates from nearly 200 countries are meeting in South Korea’s Busan with the goal of reaching a deal by December 1, after two years of talks.But the …
‘Very, very slow’: plastic treaty talks grind forward Read More »
Long one of the world’s top sources of ocean plastic, the Philippines is hoping new legislation requiring big companies to pay for waste solutions will help clean up its act.Last year, its “Extended Producer Responsibility” (EPR) statute came into force — the first in Southeast Asia to impose penalties on companies over plastic waste.The experiment …
To tackle plastic scourge, Philippines makes companies pay Read More »
China and Mexico lashed out Tuesday after Donald Trump threatened to begin his presidency with an immediate trade war against the top three US economic partners.Trump made his threat in social media posts, announcing huge import tariffs against neighbors Canada and Mexico and also rival China if they don’t stop illegal immigration and drug smuggling …
Trump threatens trade war on Mexico, Canada, China Read More »
China and Mexico lashed out Tuesday after Donald Trump threatened to begin his presidency with an immediate trade war against the top three US economic partners.Trump made his threat in social media posts, announcing huge import tariffs against neighbors Canada and Mexico and also rival China if they don’t stop illegal immigration and drug smuggling …
Trump threatens trade war on Mexico, Canada, China Read More »
Researchers in Canada are using artificial intelligence to monitor the ongoing mass extinction of insects, hoping to collect data that can help reverse species collapse and avert catastrophe for the planet.”Of all the mass extinctions we have experienced in the past, the one affecting insects is happening a thousand times faster,” said Maxim Larrivee, director …
Canada AI project hopes to help reverse mass insect extinction Read More »
Bolivia said Tuesday it had signed a $1 billion deal with China’s CBC, a subsidiary of the world’s largest lithium battery producer CATL, to build two lithium carbonate production plants in the country’s southwest.Bolivia’s state-owned Bolivia Lithium Deposits (YLB) said the plants — one with an annual capacity of 10,000 tons of lithium carbonate and …
Bolivia announces $1 bn deal with China to build lithium plants Read More »
