The United States is responding to China's "provocative" behavior on Taiwan by boosting trade with the democratically run island and insisting on right of air and sea passage through the tense straits, the White House said Friday.. Campbell said that the United States will reassert its rights to use international air and sea space between Taiwan and China.
Easyjet's Spanish pilots walked out on Friday, calling for the reinstatement of conditions they enjoyed before the coronavirus pandemic, two weeks after a strike by the low-cost carrier's cabin crew had resulted in a deal.. Just days later, EasyJet cabin crews ended their strike, after reaching a deal with management to raise wages by 22 percent over three years. du-spm/har
Hundreds of billions of dollars for clean energy projects, cheaper prescription drugs and new corporate taxes are a few of the key items in US President Joe Biden's massive investment plan, which the House of Representatives is expected to pass Friday, after Senate approval.. - Minimum corporate tax of 15% - Alongside these huge investments, the so-called "Inflation Reduction Act" would seek to pare down the federal deficit through the adoption of a minimum corporate tax of 15 percent for all companies with profits exceeding one billion dollars.
US lawmakers on Friday were expected to adopt President Joe Biden's sprawling climate, tax and health care plan -- a major win for the veteran Democrat that includes the biggest ever American investment in the battle against global warming.. The plan includes a $370 billion investment aimed at effecting a 40 percent drop in greenhouse gas emissions by 2030 -- the largest ever commitment to fighting climate change by the world's biggest economy, and one of its worst polluters.
Forced to start picking grapes much earlier than normal because of torrid temperatures, winemakers across France are worrying that grape quality will suffer from the climate-induced stress.. Now he worries that global warming will make such premature harvests "normal."
Huawei's revenue dipped by just under six percent in the first half of 2022, company figures showed Friday, as the Covid-19 pandemic and US-China trade rivalry hit sales.. Profit growth for the first half slowed to five percent, down from 9.8 percent over the same period last year, Friday's figures showed.
Iran plans to commission three more versions of a satellite launched this week by Russia, Tehran's government spokesman said Friday.. Ahead of the launch, The Washington Post quoted anonymous Western intelligence officials as saying that Russia "plans to use the satellite for several months or longer" to assist its war effort before allowing Iran to take control.
Ethiopia has completed the third filling of its mega-dam reservoir on the Blue Nile, Prime Minister Abiy Ahmed said Friday, a development that could raise further tensions with downstream neighbours Egypt and Sudan.. There is still no agreement between Ethiopia and its downstream neighbours Egypt and Sudan about the GERD's operations despite talks held under the auspices of the African Union.
Britain's economy shrank in the second quarter, official data showed Friday, as the country heads towards recession under a new prime minister.. "With May's growth revised down a little and June showing a notable fall, overall the economy shrank slightly in the second quarter," said ONS director of economic statistics Darren Morgan.
The heir and de facto leader of Samsung group received a presidential pardon Friday, the latest example of South Korea's long tradition of freeing business leaders convicted of corruption on economic grounds.. But many of those convicted have subsequently had their sentences cut or suspended on appeal, with some -- including late Samsung chairman Lee Kun-hee, who was convicted twice -- receiving presidential pardons in recognition of their "contribution to the national economy".
