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California to ban sales of petrol-only vehicles by 2035
California is to ban the sale of new petrol-only vehicles by 2035, marking a historic step in the state's attempts to tackle climate change.
The new rules are aimed to force car makers to accelerate the introduction to the…
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Peru to sue Repsol for $4.5bn over oil spill
Peru's consumer protection agency is suing Spanish oil firm Repsol over a huge oil spill which blackened beaches off the coast of Lima in January.
The spill, which Peru called the worst ecological disaster around Lima in…
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UK imports no fuel from Russia for first time on record
The UK imported no fuel from Russia in June for the first time on record, according to official figures.
Imports of goods from Russia also fell to £33m in June, the lowest level since records began in January 1997, the Office…
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Malaysia hopes to revive KL-Singapore high-speed rail project, says PM Ismail
Malaysia is in discussion with Singapore on the revival of the aborted Kuala Lumpur-Singapore High Speed Rail (HSR) project, Malaysian Prime Minister Ismail Sabri Yaakob said on Monday (Aug 22).
The country hopes to speed up the revival…
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Hyundai supplier accused of child labour violations in US
The US Department of Labor accused a Korean-owned auto parts maker and supplier of Hyundai Motor Co of violating federal child labour laws at an Alabama factory.
The Department of Labor (DOL) said that SL Alabama LLC, a subsidiary of South…
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Apple to manufacture iPhone 14 in India
The move comes as Apple seeks alternative locations to China on the back of clashes with the US and long lockdowns.
Apple Inc. plans to begin manufacturing the iPhone 14 in India about two months after the product’s initial release out…
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Twitter tells employees bonuses could halve on performance
Twitter Inc told employees they may get about half of their annual bonuses because of the company’s financial performance.
Challenges for Twitter include advertisers’ uncertainty related to the Ukraine war and a legal dispute with Elon…
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Cineworld confirms it is considering bankruptcy
Cineworld has said it is considering filing for bankruptcy in the US, as the cinema chain continues to struggle with high debt.
The company, which also owns the Picturehouse chain in the UK, said it was examining options for…
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PUB to issue inaugural green bonds later this month
National water agency PUB aims to launch its inaugural green bonds later this month, with its proceeds potentially funding planned and future projects such as floating solar panel systems.
The green bonds would be part of a new $10…
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Sri Lanka central bank holds rates steady
Policy makers are assessing effects of interest hikes this year on cooling price growth, amid an unprecedented economic crisis.
The Central Bank of Sri Lanka (CBSL) has kept its key rates steady, a widely anticipated move as it awaits the…
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