UN Secretary-General Antonio Guterres skewered oil firms on Wednesday for having "peddled the big lie" about their role in global warming, telling the World Economic Forum that they should be held accountable.. "Some in Big Oil peddled the big lie.
British luxury fashion house Burberry, renowned for its handbags and trenchcoats, announced rising sales Wednesday despite a Covid-driven slump in China and tough economic climate globally.. Store sales in China tanked 23 percent owing to Covid restrictions that have since eased.
Ride-hailing giant Uber has resumed its services in Tanzania, it said on Wednesday, settling a fare dispute with the government.. Uber suspended services in the East African country last April after the government introduced legislation capping maximum commission from drivers at 15 percent from the previous 33 percent.
Close communication between the United States and China on economic issues is vital, US Treasury Secretary Janet Yellen said Wednesday ahead of a meeting with a top Chinese official in Zurich.. "Amid a complicated global economic outlook, there is a pressing need for the two largest economies in the world to closely communicate on global macroeconomics and financial conditions," Yellen said at the start of her first face-to-face meeting with Chinese Vice Premier Liu He. The countries also needed to "exchange views on how we are responding to various challenges," she said.
Saudi Arabia is working to reduce its reliance on oil exports, Economy Minister Faisal Al-Ibrahim said Wednesday, as the Middle East powerhouse sent one of the largest delegations to the Davos summit to make its case.. We want to diversify our economy, it is important, it is essential," Al-Ibrahim told AFP at the World Economic Forum.
Each time he boasts about the colossal relocation of his town centre in the Swedish Arctic, Kiruna mayor Gunnar Selberg gets a dressing-down from a very dissatisfied resident: his wife.. - Ghost town - Time is of the essence for Kiruna.
Taiwan's economy shrank in the final quarter of 2022, the government said Wednesday, in the island's worst quarterly contraction since it was hammed by the global financial crisis in late 2009.. The island's exports fell 8.63 percent in the last three months of 2022 from the same period last year, the figures released on Wednesday showed.
Annual inflation in Britain slowed to 10.5 percent in December, official data showed Wednesday, but remained close to historically high levels that are causing a cost-of-living crisis and mass strikes.. "Inflation eased slightly in December, although still at a very high level, with overall prices rising strongly during the last year as a whole," said ONS chief economist Grant Fitzner.
Chinese film fans on Wednesday celebrated the return of Marvel movies to the country's cinemas after an absence of nearly four years.. Chinese fans welcomed the announcement.
Macau's former "junket king" Alvin Chau was sentenced on Wednesday to 18 years in jail for running an illegal gambling empire, ending a criminal trial that shocked the casino hub and toppled one of its highest-profile gaming tycoons.. Suncity under Chau's leadership "conducted illegal gambling for unlawful gains for a long time", she said in her ruling, and sentenced him to 18 years behind bars.
