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UK grants controversial North Sea oil and gas output
UK grants controversial North Sea oil and gas output
Business and Economy
by  AFP

Britain on Wednesday authorised oil and gas production in its largest undeveloped field to boost energy security, one week after diluting net zero targets, triggering more condemnation by green groups. The UK oil and gas regulator on Wednesday said the decision to authorise new North Sea output had taken "net zero considerations into account throughout the project's lifecycle".

Police hold boss of troubled developer China Evergrande: report
Police hold boss of troubled developer China Evergrande: report
Business and Economy
by  AFP

The billionaire boss of beleaguered Chinese property developer China Evergrande is being held by police, a report said Wednesday, as the debt-ridden company grapples with severe financial difficulties. Calls by AFP to Evergrande offices in Hong Kong and mainland China went unanswered and the company did not respond to a request for comment.