At the COP27 climate summit early on Sunday, nations adopted a contentious final agreement that establishes a fund to aid poor nations suffering from climate disasters but does not step up efforts to reduce the emissions that cause them. After… Read More ›
A last-minute decision to prohibit the sale of alcohol at World Cup stadiums in Qatar will significantly reduce Budweiser sales in the Gulf state, but will not derail its owner’s global campaign during the tournament, according to industry analysts. FIFA’s… Read More ›
According to a source familiar with the situation, a coalition of developed countries, including the United States and the United Kingdom, has released a draft proposal on loss and damage funding. According to a draft that Reuters has access to,… Read More ›
Binance’s US unit is relaunching its bid to buy bankrupt lending platform Voyager Digital, according to Coindesk, citing a person familiar with the matter. The report comes just days after FTX, which was set to acquire Voyager’s assets after signing… Read More ›
The European Commission intends to propose a natural gas price cap after November 24, as part of its efforts to contain an energy crisis caused by Russia’s invasion of Ukraine, the EU’s energy policy chief told Reuters on Wednesday. The… Read More ›
Britain announced new plans on Thursday to help it become the world’s most competitive financial center, including easing capital rules for insurers, lowering a tax rate for banks, and promising to review all European Union financial rules. After leaving the… Read More ›
US Retailer Target Corp forecasted a surprise drop in holiday-quarter sales, blaming rising inflation and “dramatic changes” in consumer spending for a drop in demand for everything from toys to electronics. Shares of the big-box retailer fell more than 17% in… Read More ›
Bitcoin and other cryptocurrencies were under pressure on Monday as a result of the fallout from the collapse of the cryptocurrency exchange FTX, with market participants concerned about significant withdrawals from the Singapore-based exchange Crypto.com. Crypto.com announced via Twitter that… Read More ›
Mitsubishi UFJ Financial Group Inc, Japan’s largest lender by assets, on Monday reported a 70.5% slide in second-quarter net profit because of another one-off loss related to the sale of U.S. unit MUFG Union Bank. Mitsubishi UFJ, which owns about… Read More ›
Chewing coca has emerged as Bolivia’s newest fashionable trend, with flavors ranging from bubble gum to passion fruit and TikTok stars promoting it. For centuries, Andean villagers have chewed coca leaves, the primary component of cocaine, to combat the effects… Read More ›
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