International News

  Bloomberg New Zealand is seeking to offset its global warming emissions by investing almost $5 billion in green projects overseas, saving six times that figure to meet its Paris climate commitments. Climate Minister Paula Bennett sounded out countries willing to sell emission-reduction credits as she met them at the United Nations climate talks in Morocco this month, she said ...

  Bloomberg German carmakers BMW, Daimler, Porsche and Audi and US competitor Ford said on Tuesday they would cooperate on a Europe-wide network of electric charging stations. The move is an “important step towards facilitating mass-market battery electric vehicle adoption”, the manufacturers said in a joint statement, and comes as German carmakers rev up their offers of electric cars for ...

  Chernobyl / AFP Ukraine on Tuesday unveiled the world’s largest moveable metal structure over the Chernobyl nuclear power plant’s doomed fourth reactor to ensure the safety of Europeans for future generations. The gigantic arch soars 108 metres (355 feet) into the sky — making it taller than New York’s Statue of Liberty — while its weight of 36,000 tons ...

  Bloomberg The US economy expanded more than previously reported last quarter on a sunnier picture of household spending, the primary growth engine. Gross domestic product rose at a 3.2 percent annualized rate in the three months ended in September, the fastest in two years, compared with an initial estimate of 2.9 percent, Commerce Department figures showed on Tuesday. The ...

  Bloomberg France and the UK are the two nations in Europe most at risk of power shortages this winter, particularly if there is a cold snap in early December or January. With availability of Electricite de France SA’s French nuclear fleet at the lowest level in a decade, the nation will need to rely on imports during several weeks ...

  AFP China could waste as much as half a trillion dollars on unnecessary new coal-fired power stations, a climate campaign group said on Monday, arguing the world’s top carbon polluter already has more than enough such facilities. The Asian giant’s rise to become the world’s second largest economy was largely powered by cheap, dirty coal. But as growth slows, ...

  Bloomberg India is set to clear the ride-hailing services of Uber Technologies Inc. and Ola by issuing guidelines to make them legal, according to a person with knowledge of the matter. The companies will need to get the software used to calculate fares validated while keeping their luxury car category outside tariff rules, the person said, asking to not ...

  Bloomberg Japan’s economy will grow 1 percent next year before slowing to a 0.8 percent expansion in 2018, the Organization for Economic Co-operation and Development said in a global economic outlook released on Monday. A rebound in international trade will help drive Japan’s export growth higher over the next two years, supporting business investment as fiscal stimulus fades, the ...

  Bloomberg India’s biggest tractor maker said it will extend assistance to farmers affected by the banknote crisis to tide them over the planting season. Mahindra & Mahindra Ltd. will help farmers with servicing for their tractors, buying of seeds and give some leeway on loans and advances, Managing Director Pawan Goenka said in an interview last week. “While loss ...

  AFP Foreigners in Australia on working holidays face paying a 15 percent levy on every dollar they earn after the government on Monday compromised on a controversial “backpacker tax”, dumping plans for a higher rate. Canberra had initially sought a revenue-raising 32.5 percent tax for seasonal workers from January 1 under a proposal first flagged in the 2015 budget, ...