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An international vote to approve a global carbon pricing system for maritime emissions was delayed by a year after the United States threatened sanctions against supporting countries. The London-based International Maritime Organization (IMO) postponed the decision following opposition from the US and some oil-producing nations, citing economic concerns.
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News and Media
Small finance banks faced profitability pressures in the second quarter due to higher credit costs and expenses. AU Small Finance Bank saw a dip in net profit, while Ujjivan and Jana reported significant drops. Lenders expressed confidence in improving credit quality from unsecured business in the coming quarter.
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News and Media
China's Commerce Ministry said the United States is undermining the global trade system. Beijing cited discriminatory policies and sanctions. China is planning to escalate its actions at the World Trade Organization. This includes pursuing cases and scrutinizing US measures.
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News and Media
JSW Energy reported a 17% year-on-year fall in consolidated net profit to Rs 705 crore for Q2, despite a 60% revenue surge to Rs 5,177 crore. EBITDA increased by 67% YoY to Rs 3,180 crore, driven by renewable capacity additions. The company affirmed its healthy balance sheet and credit ratings, with installed capacity at 13.2 GW.
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News and Media
China's second-ranked general, He Weidong, has been expelled from the Communist Party and the army following an investigation into corruption. Nine other senior military officers were also punished for discipline violations and duty-related crimes. This rare public disclosure highlights the ongoing anti-corruption campaign within the military.
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News and Media
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