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COP29 summit ends with ‘paltry’ US$300 billion climate finance deal; no change for China’s contributions

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 […]

Finance firms in Hong Kong shut their eyes to exploited domestic workers

By Robert Godden Many of the world’s largest financial institutions have made bold promises to promote responsible investing and combat human trafficking. Yet behind these commitments lies exploitation much closer to home, literally.  Migrant domestic workers sit in front of a luxury fragrance advertisement in Hong Kong, on November 5, 2023. Photo: Kyle Lam/HKFP. In […]

World reaches $300 bn climate finance deal at COP29

The world approved a bitterly negotiated climate deal Sunday but poorer nations most at the mercy of worsening disasters dismissed a $300 billion a year pledge from wealthy historic polluters as insultingly low. After two exhausting weeks of chaotic bargaining and sleepless nights, nearly 200 nations banged through the contentious finance pact in the early […]

Meet Gautam Adani, the Indian billionaire and business tycoon who was just charged in a massive bribery case in the US

On Wednesday, Gautam Adani was charged by US prosecutors in a massive bribery scheme. The charges have spurred an investor revolt and at least one customer to back out of major deals. Adani is the 2nd-richest person in India, behind Mukesh Ambani. Gautam Adani, the second-richest person in India, is facing bribery charges in the […]

Two Sigma’s new leaders have made their mark with hundreds of job cuts. Here’s what could come next for the $60 billion firm.

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. […]

‘Climate Finance Is Legal Obligation, Not Charity’: G77 Demands Trillion-Dollar Deal At COP29 – News18

Last Updated:November 21, 2024, 00:42 IST Disappointed by the talks so far, developing country blocs, united in their demand, declared that they will continue engaging until the very last minute The 2024 United Nations Climate Change Conference or Conference of the Parties of the UNFCCC, more commonly known as COP29, is the 29th United Nations […]

First Asia K-Banker School empowers global leaders in digital finance

Filipino student among participants, talks about PHL’s financial landscape By Miccel Mendoza Korea University, Computer Science and Engineering Yeouido, Seoul — 30 international students from over 20 countries gathered at Kookmin Bank’s new building to participate in Asia K-Banker School, a workshop focused on digital finance and its transformative potential. The two-day program, held last […]

Charted: The Survival Rate of U.S. Businesses (2013-2023)

Only 34.7% of Businesses Survived Between 2013 and 2023 This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. During the pandemic a record number of Americans turned entrepreneurs—sending new business applications to soaring heights. But everyone […]