China has committed that by 2035, the country will reduce economy-wide net greenhouse gas emissions by seven to 10 per cent from peak levels. Chinese President Xi Jinping announced this while addressing the Climate Summit 2025, a high-Level special event on Climate Action.From accelerating the move to clean energy to planting acres of trees, leaders from more than 100 countries announced or reite...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.