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World severely off track to limit planet-heating emissions: UN
World severely off track to limit planet-heating emissions: UN
Economy
by  AFP

The world is "failing to get a grip" on climate change, the UN warned Tuesday, as an assessment of current climate pledges shows only minor progress on reducing emissions this decade. "The world is failing to get a grip on the climate crisis," said UN Secretary-General Antonio Guterres, warning countries were not acting fast enough to avoid climate catastrophe.

Glencore takes majority stake in Canadian coal business
Glencore takes majority stake in Canadian coal business
Economy
by  AFP

Swiss commodities giant Glencore will acquire a majority stake in the steelmaking coal business of Canadian miner Teck Resources, the companies said on Tuesday, capping fraught negotiations between the groups. Vancouver-based Teck Resources put the value of its steelmaking coal business at $9.0 billion.