British pubs could be forced to close because of massive increases in energy prices, leading industry figures said on Tuesday as they urged the government to step in.. The British Beer and Pub Association, an industry body, said energy price rises, caused by hikes in wholesale costs and a squeeze on supplies due to the war in Ukraine, could damage the sector more than the pandemic if nothing is done.
The UN appealed Tuesday for the last $14 million needed to try and prevent a stricken oil tanker from triggering a disaster off Yemen that could cost $20 billion to clean up.. He said the result would potentially be the fifth largest oil spill from a tanker in history, with the clean-up costs alone reaching $20 billion.
Housing people in homes made from wood instead of steel and concrete could save more than 100 billion tonnes of carbon emissions while preserving enough cropland to feed a booming population, research suggested Tuesday.. They found that housing people in timber homes could avoid more than 100 billion tonnes of CO2 by 2100 -- that's around 10 percent of the remaining 2C carbon budget, equivalent to nearly three years of global emissions.
The founder of cryptocurrency exchange Thodex, suspected of having fled Turkey with the assets of his clients, has been arrested in Albania, the Turkish interior ministry said on Tuesday.. Tirana had informed Turkish Interior Minister Suleyman Soylu that Ozer, who was wanted by Interpol, "was arrested in Vlora, Albania", the ministry said.
The founder of cryptocurrency exchange Thodex, suspected of having fled Turkey with the assets of his clients, has been arrested in Albania, the Turkish interior ministry said on Tuesday.. Tirana had informed Turkish Interior Minister Suleyman Soylu that Ozer, who was wanted by Interpol, "was arrested in Vlora, Albania", the ministry said.
Elon Musk made a fresh filing to terminate his Twitter deal, citing new revelations from the platform's former security boss about major security gaps and misleading account data, a document made public Tuesday showed.. The Tesla boss hopes allegations made by Zatko will bolster his case.
Chinese internet giant Baidu Inc. on Tuesday announced second-quarter revenues of 29.6 billion yuan ($4.3 billion), down five percent from last year after the company faced a challenging economic climate and tight controls on China's once-thriving tech sector.. Last year, the Beijing-based group reported second-quarter revenue of 31.4 billion yuan ($4.5 billion), up 20 percent year-on-year at the time.
Kazuo Inamori, a business guru and ordained Buddhist monk who reversed the fortunes of debt-ridden Japan Airlines, has died aged 90, a company he founded said Tuesday.. Inamori was an advocate of reducing government interference in business and he was known for his "amoeba management" theory, which grants autonomy to each unit of a company while group members pool their knowledge.
State support for China's economy this year is now greater than it was in 2020, Beijing's premier has said, surpassing help given at the height of the coronavirus pandemic as the country grapples with the impacts of its zero-Covid policy and a property sector crisis.. Their strength surpasses those of 2020," Premier Li Keqiang said during a Monday State Council conference.
Asian markets were mixed Tuesday with confidence at a premium as traders contemplate the prospect of more Federal Reserve interest rate hikes and a possible recession.. "The markets are spooked because they are afraid that the Fed could create a hard landing -- that they'll raise rates into a recession, and that will be really painful for the economy and for corporate profits," Terri Spath, of Zuma Wealth, told Bloomberg Television.
