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Australian prime minister indulges in panda diplomacy a China state visit nears end
BEIJING (AP) — Australian Prime Minister Anthony Albanese visited a panda breeding facility in the final stages of an extended state visit that has cast China as a fellow champion of a global fair trade system under threat from the United States. The panda diplomacy stop Thursday in the central Chinese city of Chengdu highlighted Australia's special status as the only Southern Hemisphere country to host a pair of the rare Chinese native animals. Albanese and his fiancée Jodie Haydon visited a pen where they saw Fu Ni, a giant panda who had been on loan to Australia's Adelaide Zoo until last year. 'A great ambassador for China and a great friend of Australia,' Albanese said of Fu Ni as she chomped on bamboo. China loans Australia pandas Premier Li Qiang used a visit to the Adelaide Zoo last year to announce Fu Ni and her partner Wang Wang would be replaced by another China-born pair that will hopefully breed . The new couple, Xing Qiu and Yi Yan, made their public debut in January at the zoo in the South Australia state capital where they are a major tourist attraction. Albanese's China, which began Saturday and ends on Friday, is extraordinarily long compared with Australian state visits over the past decade and marks a normalization of bilateral relations that plumbed to new depths under the previous Australian government. Albanese said he had visited Chengdu and the Great Wall of China, as well at the usual diplomatic destinations of Beijing and Shanghai, as a show of respect to the Chinese people. 'The Great Wall of China symbolises the extraordinary history and culture here in China, and showing a bit of respect to people never cost anything. But you know what it does? It gives you a reward,' Albanese told reporters. 'One of the things that I find about giving countries respect is that you get it back,' he added. In 2020, Beijing banned minister-to-minister contacts and imposed a series of official and unofficial trade barriers on commodities including wine, beef, coal, barley and lobsters that cost Australian exporters up to 20 billion Australian dollars ($13 billion) a year. This was a response to Australia's previous government demanding an independent inquiry into the causes of and responses to the COVID-19 pandemic. While the pandemic was the final straw, relations had been deteriorating for years over issues including laws banning covert foreign interference in Australian politics and Australia banning Chinese telecommunications giant Huawei on security grounds from involvement in the national 5G network rollout. The trade barriers have all been lifted since Albanese's center-left Labor Party was first elected in 2022. But now, the United States threatens to become a major disruptor to global trade through President Donald Trump's tariff regime. Chinese president urges Australia to hold course Chinese President Xi Jinping told Albanese at the outset of their bilateral meeting in Beijing Tuesday that the important thing their two countries had learned in repairing relations was that equal treatment, seeking common ground and pursuing cooperation served the interests of both. 'No matter how the international landscape may evolve, we should uphold this overall direction unswervingly,' Xi said through an interpreter. The comment was widely interpreted as a reference to U.S. tariffs. Albanese replied that his government welcomed progressing cooperation under their decade-old bilateral free trade agreement. 'Australia will remain a strong supporter of free and fair trade,' Albanese said. The United States has allocated Australia the minimum 10% tariff on U.S. imports. Australia argues that any tariff cannot be justified and that the U.S. has enjoyed a trade surplus with Australia for decades. The greater economic damage for Australia would likely be from a Chinese economic downturn caused by its U.S. tariff treatment. Around a third of Australian exports go to China. Australia shifts away from the US James Laurenceson, director of the University of Technology Sydney's Australia-China Relations Institute, described China's presentation of itself as Australia's ally in defending free trade as 'self-serving." 'It's not so much Australia aligning with China. It's really just about Australia and China agreeing they've got a shared interest in the existing system, and it's the U.S. that's walking away from that,' Laurenceson said. 'I don't think the big shift this week is Australia getting closer to China. I think the distance with the United States is getting wider and wider,' he added. Albanese's political enemies have criticised him for now having four face-to-face meetings with Xi – including two in Beijing – while the prime minister has yet to meet Trump in person. Albanese and Trump were to hold a one-on-one meeting on the sidelines of a Group of Seven summit in Canada last month, but the U.S. president left early. Albanese said this week he expected to meet Trump this year. 'I look forward to a constructive engagement with President Trump. We have had three constructive phone conversations,' Albanese said. ______ McGuirk contributed to this report from Melbourne, Australia Ken Moritsugu And Rod Mcguirk, The Associated Press Sign in to access your portfolio
Yahoo
17 minutes ago
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The Cotocon Group Launches "The Carbon Shield" to Help NYC Building Owners Stay Ahead of Local Law 97 Fines and Compliance Risks
New platform offers real-time tracking of emissions, violations, and energy laws—all in one centralized dashboard. NEW YORK, July 15, 2025 /PRNewswire/ -- With Local Law 97 in full effect and enforcement accelerating, New York City building owners are under growing pressure to understand their carbon emissions, track energy usage, and avoid costly fines. In response, The Cotocon Group—one of NYC's most experienced energy compliance consultancies—has launched The Carbon Shield, a first-of-its-kind, real-time compliance intelligence platform that helps building owners and managers monitor compliance, manage violations, and view energy performance from one centralized dashboard. After 15 years of helping building owners navigate complex city regulations and last-minute filings, Cotocon's founder Jimmy Carchietta built The Carbon Shield to solve the problem at scale. "Every year, we'd get the same calls: 'Am I compliant?' 'What's the fine?' 'Can we fix it in time?'" said Carchietta. "It's frustrating—for them and for us. I created The Carbon Shield to replace that panic with control." He added: "No more flying blind. This platform gives owners a clear view of their emissions, benchmarking status, energy use, and violations—all in real time. It's everything a building owner should've had years ago." Built for Real-World Building Owners With The Carbon Shield, users can: Track compliance with Local Laws 97, 84, 87, and 95 year-round Monitor carbon emissions and energy usage across electricity, gas, steam, oil, solar, and more Get instant alerts for open DOB violations and approaching deadlines View a free compliance snapshot for any claimed building Receive a detailed, downloadable annual compliance report Opt for full-service Local Law 97 and Benchmarking filings under the premium plan The platform is user-friendly, requires no technical background, and is purpose-built for NYC's regulatory environment. Free to Start. Full Coverage with a Simple Subscription. Claiming your building and viewing a real-time compliance snapshot is completely free. For owners who want full coverage, the $197/month premium plan includes: Local Law 97 and Local Law 84 (Benchmarking) filings Customized compliance reports Continuous emissions and violation monitoring Priority access to Cotocon's compliance experts "It's not just a dashboard—it's the most effective way to protect your property from unexpected fines and stay ahead of NYC's carbon laws," Carchietta said. Availability The Carbon Shield is now live and accepting building claims at Building owners and property managers can start with a free snapshot and upgrade to the premium plan if needed. With 2025 deadlines fast approaching, early adopters can secure year-round compliance visibility and filing support today. About The Cotocon Group Founded in 2009, The Cotocon Group is New York City's leading compliance and sustainability consulting firm for Local Laws 97, 84, 87, and other energy mandates. The firm has worked with thousands of buildings across all five boroughs to implement prescriptive energy conservation measures, retrofit strategies, and long-term carbon planning. The Carbon Shield is Cotocon's latest innovation—bringing their deep expertise into an intuitive platform for building owners citywide. Press & Media Inquiries: (212) 889-6566media@ View original content to download multimedia: SOURCE The Cotocon Group Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17 minutes ago
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France's Legrand shares rise as data centre demand prompts outlook hike
(Reuters) -Shares of Legrand gained more than 8% in early trading on Thursday, after the French electrical and digital building infrastructure group hiked its annual sales target driven by strong growth in the data centre segment in North America. Tech companies, led by those in the U.S., are investing heavily in data centres to meet surging demand for data-hungry artificial intelligence models. Legrand lifted the revenue growth target to between 10% and 12%, from the previously forecasted 6-10%. The revised outlook assumes organic growth of 5-7% and growth of around 5% from acquisitions, it said. Its consolidated sales rose by 13.4% to 4.77 billion euros ($5.53 billion) in the first half of 2025, beating analysts' average forecast of 4.66 billion euros. Legrand's shares top France's CAC40 blue-chip index, followed closely by its rival Schneider Electric. "We note ... that data center (activity) remains a lumpy and important driver of quarter-to-quarter growth, so the guidance strikes us as pragmatic, which is in keeping with management's style," analysts wrote in a note to clients. Analysts from RBC Capital Markets also highlighted that Legrand's management team is known to be conservative. "It looks potentially like there is now further upside to management's 15-20% full-year growth guidance in data centres," they said in a note. ($1 = 0.8633 euros) Sign in to access your portfolio
