AFP Asia Business
China may strengthen climate role amid US fossil fuel push
All eyes are on China this week, as the world’s biggest polluter readies a new emissions-cutting plan — reinforcing its role as a steadfast defender of global climate diplomacy while Europe stalls and the United States doubles down on fossil fuels.United Nations Secretary-General Antonio Guterres has convened a mini climate summit on Wednesday during a …
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OECD raises world growth outlook as tariffs contained, for now
The world economy will grow more than previously forecast this year after absorbing the shock of US President Donald Trump’s tariffs, but their full impact remains uncertain, the OECD said Tuesday.In June, the Paris-based organisation had cut its forecast from 3.1 percent to 2.9 percent, warning at the time that Trump’s tariffs would stifle the …
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Indonesia, EU sign long-awaited trade deal
Indonesia and the European Union finalised negotiations on a trade agreement Tuesday after nearly a decade of talks, a senior minister said.The Indonesia-European Union Comprehensive Economic Partnership Agreement (CEPA) is the third deal Brussels has signed with Southeast Asian countries, after Singapore and Vietnam.The pact was signed by EU Trade Commissioner Maros Sefcovic and Indonesian Minister …