When temperatures drop below freezing most people reach for a bag of ice cubes. But in industrial settings there’s a much colder and more versatile solution.
When temperatures drop below freezing most people reach for a bag of ice cubes. But in industrial settings there’s a much colder and more versatile solution.
The United States is to snap back sanctions on Venezuela's crucial oil industry after President Nicolas Maduro's government continued its "repression" of opponents, US officials said Wednesday. "The areas in which they've fallen short include... what we see as a continuing pattern of harassment and repression against opposition figures," the official added.
The international community must do more to make the world's richest companies and individuals pay their "fair" share of taxes, Brazil and France's finance ministers said Wednesday.
Climate change caused by CO2 emissions already in the atmosphere will shrink global GDP in 2050 by about $38 trillion, or almost a fifth, no matter how aggressively humanity cuts carbon pollution, researchers said Wednesday.
Jacques Cooper, designer of France's first ultra-fast TGV train that shattered world speed records when it came into service in 1981, has died aged 93, his former employer Alstom said Wednesday.
Shares in Dutch tech giant ASML, which supplies chip-making machines to the semiconductor industry, slumped Wednesday after the firm reported a drop in net profits and orders amid a high-tech trade spat between China and the West. ASML announced this year that it had been blocked from exporting "a small number" of its advanced machines to China, amid reports of US pressure on the Dutch government.
The path towards sustainable government debt levels around the world is under threat this year from the sheer number of elections taking place, the IMF said Wednesday in a new report.
Consumer price inflation decreased by 0.3% from February to March this year. Food inflation also decreased, but South Africans were wary of the decrease.
US President Joe Biden is urging a tripling of tariffs on Chinese steel and aluminum as he visits Pittsburgh Wednesday, citing "unfair competition" while seeking to win blue-collar votes in November's election. Both Biden and his election rival Donald Trump are competing for vital blue-collar voters, promising to revive American manufacturing.
Tesla will ask its shareholders in June to ratify a multi-billion-dollar 2018 pay package for CEO Elon Musk that was squashed by a US court earlier this year.
Economy
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