Commodities

China car sector falling short of 'net zero' goals: Greenpeace

China's massive car sector is on track to bring its climate-warming carbon dioxide emissions to a peak by 2027 but on current trends it is unlikely to meet the country's 2060 "net zero" target, environment group Greenpeace said on Tuesday.

Oil heads for biggest annual gains since 2009

Oil prices slid on Friday but were set to post their biggest annual gains in 12 years, spurred by the global economic recovery from the COVID-19 slump and producer restraint, even as infections surged to record highs around the world.