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By Nick Perry, Laurent Thomet and Shaun Tandon The world approved a bitterly negotiated climate deal Sunday but poorer nations most at the mercy of worsening disasters dismissed a US$300 billion a year pledge from wealthy historic polluters as insultingly low. The closing plenary of COP29, in Baku, Azerbaijan, on November 24, 2024. Photo: COP29 […]
The contentious deal reached at the UN climate summit in Baku, Azerbaijan, commits developed nations to paying at least $300 billion a year by 2035 to help developing countries reduce their greenhouse gas emissons and prepare for disasters related to global warming. Source link
COPENHAGEN, Denmark (AP) — Danish lawmakers on Monday agreed on a deal to plant 1 billion trees and convert 10% of farmland into forest and natural habitats over the next two decades in an effort to reduce fertilizer usage. The government called the agreement “the biggest change to the Danish landscape in over 100 years.” […]
By Kate Abnett, Valerie Volcovici and Karin Strohecker BAKU (Reuters) -Developed nations should pay $300 billion a year by 2035 to help poorer countries deal with climate change, according to a new draft deal from U.N. climate talks published early on Sunday, after an earlier target of $250 billion was rejected. Reuters previously reported that […]
When Peter Cancro bought Mike’s Subs as a 17-year-old with a $125,000 loan from his football coach, he wasn’t even old enough to legally slice cold cuts at the Point Pleasant, New Jersey, sandwich joint. The shop, which he ended up renaming Jersey Mike’s Subs, has since made him a billionaire. On Tuesday, private equity giant Blackstone announced that it […]
Amazon.com pumped another $4 billion into OpenAI competitor Anthropic, as the e-commerce giant goes up against Big Tech rivals in a race to capitalize on generative artificial intelligence technology. This doubles Amazon’s investment in the firm known for its GenAI chatbot Claude, but it remains a minority investor, the startup said on Friday. Similar to […]
(Bloomberg) — About $184.7 billion of bonds backed by buyout loans have been issued this year, setting an annual issuance record for the third time since 2018. Sales of collateralized loan obligations, which package leveraged loans into bonds, have climbed past the $183.8 billion record set in 2021, data compiled by Bloomberg News shows. Before […]
A quiet digital revolution with far-reaching consequences has been ongoing in India over the past two decades. Several layers of digital infrastructure have been stacked up to create the world’s largest system of inclusion and equity. This has lifted close to half a billion people out of poverty and laid the foundation for a more […]
Two Sigma laid off 200 employees Thursday, 10% of the $60 billion firm’s workforce. The hedge fund is run by co-CEOs Carter Lyons and Scott Hoffman, who took over for Two Sigma’s billionaire cofounders in September. The firm is planning to continue to invest in its core strategies, a person close to the manager said. […]
The Naval Ministry (SEMAR) will oversee the 64-billion-peso (US $3.15 billion) expansion of the Port of Manzanillo in the central Pacific Coast state of Colima between 2024 and 2030. The Nuevo Manzanillo project will transform Mexico’s largest port into a major international logistics hub as installations are extended by 303% to cover 4,487 acres. Mexico’s […]