Philippine carbon credit project to reduce methane from rice paddies
TOKYO -- A Japanese provider of climate solutions is looking to expand a project to curb methane emissions from rice paddies in the Philippines in order to create carbon credits.
Recent Developments and News in Asia
United CEO expresses 'renewed confidence' in Boeing after meeting with new leader Ortberg
United Airlines CEO Scott Kirby says he is optimistic about Boeing's recovery after meeting with the manufacturer's new chief executive.
Cisco shares have best day since 2020 on earnings beat, plans to cut 7% of workforce
Cisco shares jumped about 7% on Thursday for their best day since November 2020, after the computer networking company said it's cutting 7% of its workforce and reported quarterly results that beat analyst estimates.
Goldman Sachs jumps into bitcoin ETFs while rivals retreat, and one hedge fund gets bullish on miners
When the SEC opened the door in January for bitcoin exchange-traded funds to hit the mainstream, many traditional financial institutions across Wall Street and beyond finally had the opportunity to buy into crypto. Since then, money has poured in, but in fits and starts.
Alibaba earnings miss expectations despite cloud acceleration
Alibaba missed top- and bottom-line expectations for the June quarter of 2024 as it continues to face headwinds in its core e-commerce business amid rising competition and a cautious Chinese consumer.
Meta CEO Mark Zuckerberg receives letter from lawmakers concerned about illicit drug ads on Facebook and Instagram
A bipartisan group of federal lawmakers sent Meta CEO Mark Zuckerberg a letter on Thursday expressing concern that the company is failing to prevent illicit drug advertisements from running on its platform.
Property crisis haunts China investment, consumption
The growth of China’s fixed-asset investment (FAI) and retail sales has remained slow so far this year as falling home prices continue to suppress property investment and people’s spending.
Unfinished business left over from Afghanistan exit
Amid the chaos that followed the US pullout from Afghanistan on Aug. 15, 2021, the Biden administration declared that evacuated Afghans would be allowed to enter the United States via humanitarian parole. The initiative would provide them with temporary access to American soil, but not with a pathway to permanent residency.