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Sculpture depicting the logo of Belgian chemical group Solvay is seen at its headquarters in Brussels, Belgium

Solvay To Cut Waste Discharged Off Italy, Ending Tussle With Activist

Belgian chemicals group Solvay said it plans to cut industrial waste discharged into the sea from soda-ash production on a Tuscan beach, in the wake of pressure from environmentalists and activist Bluebell Capital Partners.Solvay, which had previously pushed back on concerns the waste may be harmful, now plans to invest around 15 million euros ($14.96 million) to reduce the release of limestone residue into the sea at its facility in Rosignano, Italy, the company said in a statement on Tuesday.
The International Monetary Fund (IMF) headquarters building is seen in Washington

IMF Calls For EU Fiscal Capacity, Rules To Be Linked To Risk

The European Union should set up a fiscal capacity to pay for EU public goods, link the pace of debt cuts to individual country risk and let independent fiscal councils play a bigger role in policy, the International Monetary Fund said on Monday.
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