US banks set aside billions as buffer against bad loans

Three major US banks have set aside an additional $23 billion as a backstop against bad loans, highlighting the brittle state of the US economy due to the coronavirus pandemic, the companies said Tuesday.

Business

China's trade rises as economy recovers from virus slump

China's trade improved in June in a fresh sign the world's second-largest economy is recovering from the coronavirus pandemic. But its exporters face threats including tension with Washington and a possible downturn in U.S. ...

Energy & Green Tech

Coal reaching 'tipping point' vs renewables: analysis

Renewable energy such as wind and solar projects are already cheaper to build than it is to continue operating 40 percent of the world's existing coal fleet, according to analysis released Tuesday.

Energy & Green Tech

Renewables booming but not enough to meet climate targets: UN

The world added 12 percent more clean power capacity in 2019 than the year before, but new renewable energy planned over the next decade falls far short of what is needed to forestall dangerous global warming, the UN warned ...

Engineering

The future of cities in the face of twin crises

Before January this year, many people around the world had never heard of Wuhan. Today, this Chinese megacity—population 11 million—has achieved notoriety as the birthplace of a pandemic.