The coronavirus pandemic demonstrates in the clearest terms why central banks must take a bigger role in fighting climate change even if the issue at first appears unrelated to monetary policy, European Central Bank board member Isabel Schnabel said. Initially …
New shipping rules are soon to be agreed for the Arctic. Summer sea ice has shrunk by about two-thirds over three decades, opening a new ocean with vast natural resources. Maritime nations are close to a landmark deal on the …
Shipping along the Arctic northern sea route is set to grow more than 30-fold over the next eight years and could account for a quarter of the cargo traffic between Europe and Asia by 2030, experts said on Wednesday. With …
Tanker transport of Russian Arctic gas through the Bering Strait to Asian buyers is at least 10 years away because of ageing infrastructure, vessel shortages and growing disputes over waterway rights. Thawing sea ice caused by global warming has attracted …
Rolls-Royce and Qantas have reached a settlement over an Airbus A380 engine explosion last year that forced a jet with 469 people on board to make an emergency landing and grounded much of the airline’s fleet. Qantas said the out-of-court …
Qantas stepped up pressure on Thursday on engine maker Rolls-Royce to settle damages related to an engine failure on one of its giant Airbus A380 aircraft, but said it would keep the door open for an out-of-court settlement. Qantas said …
About 40 Rolls-Royce engines used in the world’s fleet of Airbus A380 aircraft may need to be replaced to ensure safety after one such engine partly disintegrated mid-flight this month, Australia’s Qantas said. That would represent about half of all …
Australia’s Qantas Airways has grounded its A380 fleet for at least another three days as it investigates oil leaks as a possible cause of the explosion which tore apart one of the super jumbo’s engines last week. Qantas shares fell …
