A stocks rally following Donald Trump’s US election win lost steam Tuesday as traders looked to consolidate recent gains, sending major indices lower on both sides of the Atlantic.The euro hit a one-year low and the pound fell against the dollar, which has been invigorated by expectations that Trump’s trade policies could keep interest rates …
Global stocks slip as markets take post-US election breather Read More »
Leaders of nations beset by climate disasters appealed Tuesday at the COP29 summit for greater urgency in fighting global warming, while others defended fossil fuels and their right to exploit them.More than 75 leaders are expected to speak over two days in Baku, but the heads of many top polluting nations are giving the crunch …
Leaders urge climate action — and defend fossil fuels — at COP29 Read More »
The host of the UN climate summit in Azerbaijan on Tuesday defended fossil fuels and the right of countries to exploit them as dozens of world leaders arrived for the COP29 conference.More than 75 leaders are expected, but the heads of many top polluting nations are skipping the crunch climate talks, where the impact of …
Azerbaijan defends fossil fuels at COP29 as big names skip summit Read More »
A former Wall Street Journal reporter began proceedings Tuesday to sue the newspaper for “unreasonable dismissal”, after she said she was fired for taking up a role heading a Hong Kong press union.Selina Cheng reported on the Chinese electric vehicle industry for the newspaper before she was made redundant in July, weeks after she was …
Hong Kong press union head sues WSJ for ‘unreasonable dismissal’ Read More »
Dozens of world leaders convene in Azerbaijan on Tuesday for COP29 but many big names are skipping the UN climate talks where the impact of Donald Trump’s election victory is keenly felt.More than 75 leaders are expected in Baku over two days but the heads of some of the most powerful and polluting economies are …
World leaders meet for climate talks, but big names missing Read More »
China is looking to slash taxes on home purchases as the government strengthens fiscal support for its ailing real estate sector, a media report said on Tuesday. Regulators are preparing a proposal that would enable major cities such as Shanghai and Beijing to reduce the deed tax for buyers to as low as one percent from …
China planning to cut taxes on home buying: report Read More »
Once confined to rectangular screens, chirpy plumber Mario and pointy-eared Princess Zelda are popping up in theme parks and toy stores as Nintendo goes all out to win non-gamer fans.It wasn’t always this way: for many years, the Japanese company shied away from promoting products or creating media other than video games.But its push for …
Nintendo courts non-gamers in ‘about-turn’ strategy Read More »
Fighter jets and attack drones took centre stage as China’s largest air show officially opened on Tuesday, an opportunity for Beijing to showcase its growing military might to potential customers and rivals alike.China has poured resources into modernising and expanding its aviation capabilities as it faces off against the United States and others around regional …
China’s largest air show takes off with fighter jets, attack drones Read More »
Australia will move to stem the exodus of its banks from the Pacific Islands, the country’s top economic official said, as concerns mount that China could bolster its influence by filling in the gaps.For years, Western banks have been shuttering branches throughout the South Pacific, citing political turmoil, wafer-thin profits and the high cost of …
Australia moves to keep its banks in the Pacific Read More »
Sri Lanka’s new leftist leader has drawn strong support from an unlikely source as he seeks to expand his three parliamentary seats to a house majority in elections on Thursday.President Anura Kumara Dissanayake, 55, who counts Karl Marx and Che Guevara among his heroes, has the backing of the country’s largest and most influential private …
Sri Lanka’s leftist president faces first parliament test Read More »
