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Virgin set for first long-haul flight with low-carbon fuel
British airline Virgin Atlantic on Tuesday operates the first transatlantic flight powered entirely by Sustainable Aviation Fuel (SAF), but environmental groups criticised the event as "greenwashing".
Scholz defends spending as budget crisis rocks Germany
German Chancellor Olaf Scholz on Tuesday staunchly defended his government's record on spending after a bombshell court ruling on crucial debt rules sparked a budget crisis. But the ruling is also impacting other "off budget" funds, with the government now having to account for the extra spending in its main budget.
EasyJet returns to profit but warns of Gaza war impact
British no-frills airline EasyJet on Tuesday announced its first annual profit since the outbreak of the Covid pandemic but warned that the Israel-Hamas war will impact its winter results. EasyJet chief executive Johan Lundgren gave an upbeat outlook, even if the group saw a negative impact from the Israel-Hamas war.
Taiwan's Foxconn plans to invest $1.54 bn more in India
Taiwanese tech giant and key Apple supplier Foxconn is planning an additional $1.54 billion investment in India for "operational needs", as it seeks to diversify production away from China.
Why you should care about the budget crisis rocking Germany
German Chancellor Olaf Scholz will address parliament Tuesday about an escalating budget crisis triggered by a bombshell court ruling that his government breached constitutional debt limits. - When Angela Merkel was chancellor in 2009, Germany enshrined a so-called "debt brake" in its constitution.
Xi says China must protect foreign firms' rights, intellectual property
Chinese leader Xi Jinping has ordered greater protection for international firms' rights and intellectual property, state media reported Tuesday, as Beijing works to lure in foreign companies spooked by a crackdown and an ailing economy.
Diamond trade polishes its act as Russia sanctions loom
As European capitals prepare to implement long-awaited sanctions on Russia's diamond exports, Belgian traders are bracing for new scrutiny of their industry. If traders are now seen helping Russia evade sanctions to keep financing its invasion of Ukraine, the shine may come off diamonds once again.
Six recycling innovations that could change fashion
The fashion industry's enormous waste problem is pushing governments, particularly in Europe, towards ambitious recycling targets. The problem is that recycling textiles is a highly complex task and technical solutions are still in their infancy.
Markets mixed as traders await US data, Fed speakers
Asian markets were mixed Tuesday following a tepid performance on Wall Street, with profit-taking tempering hopes for Federal Reserve interest rate cuts next year and traders awaiting key US inflation data due later this week. Data suggests traders see almost one percentage point of cuts through next year, with US Treasury yields continuing to come down from their 16-year highs last month.
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