Electric trucks produce far fewer planet-warming emissions than their diesel counterparts over a lifetime, a report in Europe showed Tuesday, emphasizing that the biggest climate impact comes from driving vehicles and not manufacturing them.. While more electric buses and light vehicles are on the road throughout the EU, diesel still powered 99 percent of trucks sold in Europe in 2021. tsz/jv/mh/lth
The energy industry must play a role in the campaign to tackle global warming, the president of this year's UN climate talks said on Tuesday, denying any "conflict of interest".. "It's not a conflict of interest, it is in our common interest to have the energy industry working alongside everyone on the solutions that the world needs."
French bank BNP Paribas posted Tuesday a record profit of 10.2 billion euros, the latest in a series of European banks to ride the swell in interest rates to higher earnings.. Net banking income -- what a bank earns from interest on loans minus interest paid depositors -- rose nine percent to 50.4 billion euros.
Japan's SoftBank Group on Tuesday reported a surprise $5.9 billion net loss in the third quarter, as a slump in the tech sector continued to hit the investment behemoth's bottom line.. But it reported a record quarterly net loss for the first quarter, as tech shares tanked on interest rate hikes, a trend analysts said was likely to continue.
Nintendo cut its full-year net profit forecast on Tuesday, saying the global chip shortage and other supply chain problems had hit console sales in the nine months to December.. But hardware sales by unit declined 21 percent on-year in April-December, "mainly due to a shortage of semiconductors and other component supplies that impacted production until around late summer".
Japan's SoftBank Group reported a surprise 783 billion yen ($5.9 billion) net loss in the third quarter, as a slump in the tech sector hits the investment behemoth's bottom line.. But its first quarter earnings were also hit by tech stock slumps, a trend analysts said was likely to continue.
The French and German economy ministers, Bruno Le Maire and Robert Habeck, kick off high-stakes talks with US officials Tuesday to underscore European concerns over President Joe Biden's ambitious climate action plan.. For now, negotiations are proceeding under the European Commission's leadership, and Habeck believes that he and Le Maire can contribute to finding new solutions.
Mitsubishi Heavy Industries said Tuesday it had abandoned its struggling project to develop a passenger plane, a decade after the jet was due for commercial rollout.. The development of the twin-engine plane for short flights had marked a new chapter for Japan's aviation sector, which last launched a commercial airliner in 1962.
Shares in the flagship firm of troubled Indian conglomerate Adani rocketed as much as 20 percent Tuesday, making up some of the huge slump suffered since last month.. Adani Enterprises, the group's flagship firm, soared on Tuesday, with trading suspended three times as they went up 20 percent.
Chinese search engine giant Baidu on Tuesday said it was developing an AI-powered chatbot, as tech giants rush to match the success of ChatGPT, a hugely popular language app that has sparked a gold rush in artificial intelligence technology.. The Chinese tech giant has diversified in recent years into artificial intelligence, cloud computing and autonomous driving technologies as advertising revenue has remained sluggish in the face of tighter regulatory scrutiny.
