Uber Technologies Inc pledged to eliminate carbon emissions and “unnecessary” plastic waste from its growing delivery business by 2040, bringing it in line with goals at its ride-hailing arm.

Uber Eats pledges to cut takeout emissions and plastic waste

Indonesia will make some exporters retain part of their export earnings onshore for at least three months starting next month in a regulation draft awaiting President Joko Widodo's approval, the country's chief economic minister said on Thursday (June 8).

Indonesia's export earnings rules set to take effect July 1, says minister

Oil rose on Thursday (June 8) as tighter supply resulting from Saudi Arabia's pledged production cut and a potential pause to US interest rate hikes offset worries over demand weakness and a global economic slowdown.

Oil rises as Saudi cut supports and focus turns to Fed

Investors must reassess their allocations to China amid rising geopolitical tensions with the US and a slowing economy, according to BlackRock Inc vice chairman Philipp Hildebrand.

BlackRock says investors reassess China allocation amid slowdown

(June 8): European technology shares fell the most in two weeks on worries that central banks will keep driving interest rates higher.

ASML Holding NV lost 1.8%, the biggest drag on the Stoxx 600 on Thursday. In the US pre-market, GameStop Corp. plunged 18% after firing its chief e...

Tech shares sink in Europe; GameStop plunges

New Zealand's Auckland International Airport (AIA), the country's biggest, said on Thursday (June 8) it would raise airline charges over the next five years, in a move opposed by major users Air New Zealand and Qantas Airways.

Auckland airport to raise airline charges; carriers opposed

China's decision to abandon its strict "zero-Covid" policy has not sparked a rebound in German firms' plans to invest there as a sluggish recovery and geopolitical tensions weigh on the business outlook, a survey showed on Thursday (June 8).

End of 'Zero Covid' fails to boost German investment in China, survey shows

The Monetary Authority of Singapore (MAS), together with the financial industry, will establish the Singapore Sustainable Finance Association (SSFA), announced the central bank and regulator on Thursday (June 8). For a start, the SSFA will focus on initiatives to scale voluntary carbon markets, transition finance and blended finance.

MAS to set up association to scale voluntary carbon markets, transition finance, blended finance

The euro area suffered the mildest possible recession during the winter after Russia’s war in Ukraine sent energy prices soaring.

The 20-nation economy shrank by 0.1% between January and March, revised data showed on Thursday (June 8), adding to a fourth-quarter decline of the same magnitude and resulting in the first six-month contraction since the Covid-19 pandemic.

Eurozone succumbs to mildest of recessions on energy shock

The Philippine central bank said on Thursday (June 8) it will cut banks' reserve requirement ratios (RRR) to ensure stable domestic credit conditions, moving to offset the expiration of liquidity-enhancing relief measures for lenders during the pandemic.

Philippines cuts banks' reserve ratio to ensure stable domestic liquidity

The Southeast Asian bloc Asean will hold its first-ever joint military exercise in the South China Sea, its chair Indonesia said on Thursday (June 8), the latest multilateral security drills at a time of rising tension and uncertainty in the region.

Asean to hold first joint military exercise off Indonesia

Passenger vehicle sales in China rose 7.3% in May from a month earlier, industry data showed on Thursday (June 8), as the government extended tax incentives to shore up demand amid a flagging economic recovery.

China passenger car sales up in May on incentives, new models

Andre Soelistyo will step down as chief executive officer of GoTo Group, a surprise move that comes just months after he outlined a plan to bring the Indonesian internet company closer to profitability.

GoTo CEO Soelistyo to step down; Walujo named successor

(June 8): As New Yorkers breathe in the most polluted air in decades, experience from places more regularly struck by wildfires suggests that avoiding the smoke is almost impossible and the health impacts are long-lasting and grim.

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