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UN adopts first global artificial intelligence resolution

The United Nations General Assembly on Thursday unanimously adopted the first global resolution on artificial intelligence to encourage protecting personal data, monitoring AI for risks, and safeguarding human rights, U.S. officials said.

Biden’s softer climate regulation shows big US bet on subsidies to decarbonize

The Biden administration says its recent decision to scale back new climate regulations meant to force emissions cuts from cars and power plants will have a negligible impact on its overarching goal to halve greenhouse gas pollution this decade.

US Congress struggling to reach spending deal to avert weekend shutdown

A fractured U.S. Congress struggled behind the scenes on Wednesday to produce a massive spending bill to fund defense, homeland security and other programs that lawmakers must pass before the weekend to avert a partial government shutdown.

Analysis: US automakers race to build more hybrids as EV sales slow

As U.S. sales of gas-electric hybrid vehicles surge and electric-vehicle sales cool, automakers and suppliers are betting consumer demand for a compromise between all-combustion and all-electric is a durable trend.

Soaring Japanese equities offer investors cozy distance from troubled China

As economic and geopolitical woes spur an exodus of investors from China, many have been redirecting money into Japan, giving the benchmark Nikkei an extra boost as it rockets to all-time highs.

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Steel group urges rebar rules after disaster

The Philippine iron and steel industry is pressing regulators to fast-track the implementation of tougher construction standards, arguing that recent tragedies have underscored the urgent need for earthquake-resistant building materials in one of the world’s most disaster-prone countries.

DA eyes destruction of 650 MT spoiled Chinese onions over health risks

The Department of Agriculture (DA) is set to recommend destroying around 650 metric tons of abandoned red onions from China, pending final laboratory results confirming they are unsafe for public consumption.

PCC approves BlackRock unit’s P13.7-billion stake purchase in Aboitiz InfraCapital

The Philippine Competition Commission (PCC) has given the green light for the sale of a 40 percent stake in Aboitiz InfraCapital Inc. (AIC) to Global Infrastructure Partners (GIP), an investment firm under BlackRock.

Home Credit steps up role in promoting safe, responsible credit in PH

Home Credit Philippines is strengthening its commitment to consumer protection, responsible lending, and fraud prevention through a larger leadership role in the Credit Card Association of the Philippines (CCAP).
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