‘Nobody can reverse’ US progress on clean energy, says Biden Posted on 18/11/2024 President Joe Biden poses after signing a proclamation designating Nov 17 as International Conservation Day during a visit to the Amazon in Brazil. (AP pic) MANAUS: US president Joe Biden on Sunday touted his administration’s “clean energy revolution” during a visit to the Amazon in Brazil adding, in reference to president-elect Donald Trump, that “nobody can reverse it.” “It’s true – some may seek to deny or delay the clean energy revolution that’s underway in America. But nobody – nobody – can reverse it,” Biden declared in the city of Manaus. Biden, on a valedictory tour of South America before handing over power to Trump in January, is the first sitting US president to visit the Amazon. The 81-year-old flew over the rainforest by helicopter, visited a museum at the gateway to the Amazon and met with Indigenous leaders. He used the occasion to promote his record on combatting climate change in the face of a pledge by Trump, a climate skeptic, to “drill, baby, drill” for fossil fuels on his return to power. “Folks, we don’t have to choose between an environment and the economy. We can do both. We’ve proven it back home,” Biden said. “I will leave my successor and my country a strong foundation to build on if they choose to do so.” Trump takes over from Biden as US president in a Jan 20 inauguration ceremony. News
Stocks slide as China stimulus disappoints, bitcoin extends rally Posted on 11/11/2024 China’s stimulus lacked the direct money injection investors hoped for, amid tariff threats under Donald Trump’s administration. (AP pic) TOKYO: Hong Kong stocks led declines in Asia on Monday after Beijing’s latest stimulus fell short of investor expectations, overshadowing Wall Street’s record highs from Friday and futures pointing to further… Read More
Over RM12.8b in unclaimed money still waiting for its rightful owners, finance minister II calls for action Posted on 14/11/2024 KUALA LUMPUR, Nov 14 — Companies and firms have handed over RM17 billion in unclaimed money to the Accountant General’s Department with RM4.2 billion successfully claimed by rightful owners as of Oct 31. Finance Minister II Datuk Seri Amir Hamzah Azizan, when winding up the debate on the Supply Bill… Read More
Australia eyes fines for Big Tech in digital competition push Posted on 02/12/2024 The digital law would empower Australia’s competition regulator to enforce compliance and investigate anti-competitive practices. (Reuters pic) SYDNEY: Australia proposed a law on Monday that could impose fines of up to A$50 million (US$33 million) on global technology companies if they suppress competition and prevent consumers from switching between services…. Read More