Facebook sells $6.6 million in shares to fund

Facebook has sold about $6.6 million worth of its shares to the investment fund GSV Capital Corp. as the company is believed to be preparing for an initial public offering next year.

US to phase out federal purchase of single-use plastics

President Joe Biden's administration on Friday announced plans to phase out single-use plastics in all federal operations by 2035, as part of a broader effort to combat what it deemed a rising global crisis.

France, EU to spend 200 mn euros on destroying excess wine

The French government announced Friday that 200 million euros ($216 million) would be set aside to fund the destruction of surplus wine production in a bid to support struggling producers and shore up prices.

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