As metal demand soars, can recycling keep net zero goals on track?
BIRMINGHAM, England – At a metal recycling facility in central England, thousands of tons of shredded scrap from cars to construction debris arrive daily to be processed into individual materials and sold. A mixture of metals, plastics and other materials are sent through an elaborate maze of more than 100 conveyor belt systems where they are further separated in several different […]
Read More →US regulator sues top crypto exchange Binance, CEO for ‘willful evasion’
The world’s biggest crypto exchange Binance and its CEO and founder Changpeng Zhao were sued by the US Commodity Futures Trading Commission (CFTC) on Monday for operating what the regulator alleged were an “illegal” exchange and a “sham” compliance program. The CFTC sued Binance, Mr. Zhao and its former top compliance executive with “willful evasion” of US law, “while engaging in a calculated strategy of regulatory arbitrage to their […]
Read More →China spent $240 bln bailing out ‘Belt & Road’ countries – study
JOHANNESBURG – China spent $240 billion bailing out 22 developing countries between 2008 and 2021, with the amount soaring in recent years as more have struggled to repay loans spent building “Belt & Road” infrastructure, according to a study published Tuesday. Almost 80% of the rescue lending was made between 2016 and 2021, mainly to middle-income countries including Argentina, Mongolia and Pakistan, according to the report by researchers from the […]
Read More →Travel disruption hits Germany amid largest strike in decades
BERLIN/FRANKFURT — Airports and bus and train stations across Germany were at a standstill on Monday morning, disrupting millions of commuters and travelers at the start of the work week during one of the largest walkouts in decades in Europe’s largest economy. The 24-hour strikes called by the Verdi trade union and railway and transport […]
Read More →North Korea fires missiles as US aircraft carrier set to arrive in South
SEOUL — North Korea fired two short-range ballistic missiles into the sea off its east coast on Monday morning, South Korea’s military said, the latest in a series of launches as a US aircraft carrier is set to arrive in South Korea. The missiles were fired from North Hwanghae province at 7:47 a.m. (2247 GMT […]
Read More →Afghan girls struggle with poor Internet as they resort to online classes
KABUL — Sofia logs in to class on a laptop in Kabul for an online English course run by one of a growing number of educational institutes trying to reach Afghanistan’s girls and women digitally in their homes. But when the teacher calls on Sofia to read a passage her computer screen freezes. “Can you […]
Read More →Alibaba founder Jack Ma returns to China, ending year-long sojourn abroad — report
BEIJING — Alibaba founder Jack Ma has returned to China, the South China Morning Post (SCMP) reported on Monday, ending a more than year-long sojourn overseas that was viewed by industry as reflecting the sober mood of China’s private businesses. Mr. Ma, one of China’s best known entrepreneurs, left mainland China in late 2021 and […]
Read More →Parts of Twitter source code leaked online, court filing shows
SOME PARTS of Twitter, Inc’s source code have been leaked and the social media platform owned by billionaire Elon Musk is seeking information on the person responsible, a legal filing showed. According to the filing, “various excerpts” of Twitter’s source code, which is used to run the company online, were posted on Github, a Microsoft-owned […]
Read More →Spain tells ‘fire tourists’ to stay away from forest blaze
BARRACAS, Spain — Officials told ‘fire tourists’ to keep away from blazes raging in eastern Spain on Sunday, saying onlookers were putting themselves at risk and disrupting efforts to quell the flames. More than 500 firefighters backed by 20 planes and helicopters were battling the fire four days after it broke out near the village […]
Read More →SVB deal soothes broader markets, but default stress haunts banks
WASHINGTON/FRANKFURT — Stress in the banking sector is being closely monitored for its potential to trigger a credit crunch, a US Federal Reserve policymaker said on Sunday, as a European Central Bank (ECB) official also flagged a possible tightening in lending. Authorities around the world are on high alert for the fallout from recent turmoil […]
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