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JPMorgan Chase invests $200 mn on carbon removal
JPMorgan Chase invests $200 mn on carbon removal
Business and Economy
by  AFP

JPMorgan Chase announced Tuesday it has signed long-term agreements to purchase $200 million worth of carbon dioxide removal, saying the investment would boost a key emerging climate change solution. Under one of the projects announced Tuesday, JPMorgan signed a nine-year agreement with Climeworks to deliver 25,000 metric tons of carbon removal.

IMF forecasts UK economic growth in major U-turn
IMF forecasts UK economic growth in major U-turn
Business and Economy
by  AFP

The IMF on Tuesday delivered a major U-turn on its forecast for the UK economy, saying it expected growth this year just one month after predicting a contraction. Separately Tuesday, the Bank of England -- which already predicted the UK would avoid recession this year following its own U-turn -- admitted it had made errors over forecasting British inflation.

US debt talks to resume after 'productive' Biden-McCarthy meeting
US debt talks to resume after 'productive' Biden-McCarthy meeting
Business and Economy
by  AFP

Negotiations to avert a catastrophic US debt default look set to go to the wire, with talks resuming Tuesday after President Joe Biden and the Republican speaker of the House failed to reach agreement ahead of a June 1 deadline. Both Biden and House Speaker Kevin McCarthy described Monday's talks as "productive," but said disagreement remained on key issues.