Category: Business

U.S. President Joe Biden announces return to global climate pact

U.S. President Joe Biden on Wednesday announced America’s return to the international Paris Agreement to fight climate change, the centerpiece of a raft of day-one executive orders aimed at restoring U.S. leadership in combating global warming. The announcements also included a sweeping order to review all of former President Donald Trump’s actions weakening climate change… Read More U.S. President Joe Biden announces return to global climate pact

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U.S. President Joe Biden revokes permit for Keystone XL oil pipeline

U.S. President Joe Biden on Wednesday formally revoked the permit needed to build the Keystone XL oil pipeline (KXL), dashing Ottawa’s hopes of salvaging the $8 billion project that the struggling Canadian crude sector has long supported. The move represents another set-back for the beleaguered Canadian energy industry, kills thousands of jobs and marks an… Read More U.S. President Joe Biden revokes permit for Keystone XL oil pipeline

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UAE signs agreement to purchase F-35 jets, armed drones from U.S.

The United Arab Emirates has signed an agreement with the United States to purchase 50 F-35 jets and up to 18 armed drones, people familiar with the situation said on Wednesday. Although the UAE and the United States were working to ink a deal before President Joseph Biden took office on Wednesday, the new president… Read More UAE signs agreement to purchase F-35 jets, armed drones from U.S.

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EU calls on U.S. President-elect Joe Biden to form new transatlantic pact

The European Union called on incoming U.S. President Joe Biden to form a “new founding pact” with Europe working on issues such as peace, security, prosperity, freedom and human rights. “Today is more than a transition. Today is an opportunity to rejuvenate our transatlantic relationship, which has greatly suffered in the last four years. In… Read More EU calls on U.S. President-elect Joe Biden to form new transatlantic pact

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Iranian President Hassan Rouhani urges U.S. President-elect Joe Biden to return to 2015 nuclear deal

Iranian President Hassan Rouhani urged U.S. President-elect Joe Biden on Wednesday to return to a 2015 nuclear deal and lift crippling sanctions on the Islamic Republic. Biden, who takes office on Wednesday, has said the United States will rejoin the pact that includes restrictions on Iran’s nuclear work if Tehran resumes strict compliance. “The ball… Read More Iranian President Hassan Rouhani urges U.S. President-elect Joe Biden to return to 2015 nuclear deal

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U.S. President Donald Trump grants pardon to former Google engineer Anthony Levandowski

U.S. President Donald Trump said on Wednesday he had given a full pardon to a former Google engineer sentenced for stealing a trade secret on self-driving cars months before he briefly headed Uber Technologies Inc’s rival unit. Anthony Levandowski, 40, was sentenced in August to 18 months in prison after pleading guilty in March. He… Read More U.S. President Donald Trump grants pardon to former Google engineer Anthony Levandowski

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Alibaba founder Jack Ma makes first live appearance in three months in virtual meeting

Alibaba Group founder Jack Ma made his first appearance since October on Wednesday when he spoke to a group of teachers by video, easing concern about his unusual absence from public life and sending shares in the e-commerce giant surging. Speculation over Ma’s whereabouts has swirled in the wake of news this month that he… Read More Alibaba founder Jack Ma makes first live appearance in three months in virtual meeting

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