SHENZHEN, China – China’s strict COVID-19 controls will hamper foreign investment into the country for years to come as limits on travel block the pipeline for projects, the President of the American Chamber of Commerce warned on Tuesday. There are few signs that American companies are leaving the China market, but the years-long process of research and due diligence for projects has been delayed, Michael Hart said at an event launching the chamber’s annual report.…"China’s COVID controls will impact foreign investment for years – U.S. lobby"
– Australia’s Brambles Ltd said on Tuesday European private-equity firm CVC Capital Partners has ended preliminary talks with the company over a potential A$20 billion ($14 billion) takeover offer, citing external market volatility. The development comes a day after the Australian logistics firm confirmed it was evaluating the offer, which would have been one of the biggest private-equity-backed takeovers in the country. It had not put a number on the deal. Shares of Brambles dropped…"Australia’s Brambles ends $14 billion takeover talks with CVC Capital"
– Ireland will play the Maori All Blacks in two mid-week matches during their three-test tour, New Zealand Rugby said on Tuesday. Ireland will meet the representative team in Hamilton on June 29, three days before they kick off their regular All Blacks series at Eden Park. The second Maori All Blacks clash will be in Wellington on July 12. “The Maori All Blacks will provide a stern test of our squad strength and depth,”…"Rugby-Ireland to play Maori All Blacks in mid-week clashes"
– Oil prices opened lower in early Asian trade on Tuesday after the European Union’s efforts to enact a ban on Russian oil imports, a move that would tighten global supply, ran into resistance from member country Hungary. Brent crude futures fell 35 cents, or 0.3%, to $113.89 a barrel at 0004 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 52 cents, or 0.5%, to $113.68 a barrel. EU foreign ministers failed on…"Oil prices open lower as EU struggles to seal Russia import ban"
BEIJING – Carbon dioxide emissions from the world’s steel sector will fall 30% by 2050 compared with last year as more mills turns to less-polluting electric arc furnaces (EAF), consultancy Wood Mackenzie said in a study on Tuesday. Around 48% of global crude steel will be made via EAF by 2050, according to Woodmac, increasing from 30% in 2021 and almost on a par with traditional blast furnace steelmaking. “Together with green hydrogen-based direct reduced…"Steel industry carbon emissions to drop nearly 1/3 by 2050 – Woodmac"
SYDNEY – After some of the worst fires and floods ever to hit Australia, a new cohort of climate-conscious independents are threatening to shake up the federal election on Saturday, putting the government under pressure in key districts and potentially reshaping the country’s political landscape. Enraged by the lack of government action on climate change, the candidates are campaigning hard on environmental issues in the hope of wooing moderate voters away from the major parties.…"After fires and floods, climate-conscious independents could determine Australian election"
– Aircraft lessor SMBC Aviation Capital said on Monday it had reached an agreement to buy rival Dublin-based Goshawk Aviation for $6.7 billion in enterprise value."Aircraft lessor SMBC to buy rival Goshawk in $6.7 billion deal"
LONDON – Russia said on Monday that it had agreed to evacuate wounded Ukrainian soldiers from the bunkers below the besieged Azovstal steel works in Mariupol to a medical facility in the Russian-controlled town of Novoazovsk. “An agreement has been reached on the removal of the wounded,” the Russian defence ministry said in a statement. “A humanitarian corridor has been opened through which wounded Ukrainian servicemen are being taken to a medical facility in Novoazovsk.”…"Russia says it will evacuate wounded Ukrainian soldiers from Azovstal"
LUCKNOW,India – A court in north India on Monday ordered authorities to limit large Muslim prayer gatherings in the historic Gyanvapi mosque after a survey team found relics of the Hindu god Shiva and other Hindu symbols there, lawyers involved in the case said. Earlier this month, the court in Varanasi set up a team to survey the premises after five women sought permission to perform Hindu rituals in one of its quarters saying that…"Indian court prohibits large religious gathering at mosque after Hindu idols found-lawyers"
GENEVA – The World Health Organization warned on Monday that COVID-19 may spread rapidly in North Korea, where it said vaccination programmes had yet to begin. “With the country yet to initiate COVID-19 vaccination, there is risk that the virus may spread rapidly among the masses unless curtailed with immediate and appropriate measures,” said Poonam Khetrapal Singh, WHO’s regional director for South-East Asia, in a statement sent to journalists. In the same statement, the WHO…"COVID-19 may spread rapidly in North Korea, WHO warns"