NEW YORK — The effort to save the pale blue dot called Earth is all about the green — that is, the money to finance a transition to renewable energy sources like wind and solar. The annual Climate Week NYC and United Nations General Assembly combination is putting special emphasis on how to generate trillions … Read more
Getty Images The US central bank has lowered interest rates for the first time in more than four years with a bigger than usual cut. The Federal Reserve reduced the target for its key lending rate by 0.5 percentage points, to the range of 4.75%-5%. Jerome Powell, the head of the bank, said the move … Read more
PHNOM PENH, Cambodia — Cambodian Prime Minister Hun Manet said he was pulling his country out of a development agreement with neighboring Vietnam and Laos following protests that it was benefiting foreign interests. Critics on social media have focused on land concessions in border areas particularly with Vietnam, a highly sensitive issue because of Cambodia’s … Read more
Announcing the decision to hold rates in September, governor Andrew Bailey said cooling inflation pressure means the Bank should be able to cut interest rates gradually over the upcoming months. But, he added, “it’s vital that inflation stays low, so we need to be careful not to cut too fast or by too much”. The … Read more
High street retailer Next has warned it may be forced to close stores if its appeal against a landmark equal pay ruling fails. An employment tribunal in August found that 3,500 shop staff, who are predominantly female, had been discriminated against because they were paid less than their mainly male colleagues in warehouses. In half-year … Read more
An engine fire on a Cathay Pacific Airbus A350 earlier this month was the result of a fuel leak and could have caused extensive damage to the plane, according to investigators. Hong Kong’s flagship airline grounded planes after being forced to turn a flight around a couple of weeks ago because of an “engine component … Read more
Getty Images Interest rates are “now gradually on the path down”, the Bank of England governor has said after borrowing costs were held at 5%. Andrew Bailey said inflation had “come down a long way” but warned the Bank would need to see more evidence that it will remain low before cutting rates further. The … Read more
BBC Davon Smith says his pay does not compensate him for the danger of the job More than 30,000 Boeing workers are on strike after their union rejected a deal that would have raised pay in exchange for the loss of bonuses and pensions. The employees are now in their second week of striking with … Read more
TikTok has hired a powerful new voice to fight its corner, as it steps up its fight against a congressional ban on the app. The Chinese owned video sharing platform appears to be gearing up for a lengthy legal fight which could reach the Supreme Court after President Joe Biden signed a bill which in … Read more
COLOMBO, Sri Lanka — Two years ago, tens of thousands of Sri Lankans rose up against their president and forced him to flee the country. As the country prepares for its first election since then, many say they’re still waiting for change. As Sri Lanka sank into economic collapse in 2022, people from various walks … Read more