The Security Council will be holding three high-stakes high-level meetings today, with the United Kingdom’s Foreign Minister David Lammy presiding as Council president for November. Russia vetoed a draft resolution to protect civilians in Sudan this morning, with the 15-member organ be briefed on the situation in war-torn Gaza and convene an afternoon session on the conflict in Ukraine.
As COP29 climate talks in Baku enter their final week, the UN climate chief told negotiators on Monday to “cut the theatrics,” get down to business and hammer out a new finance deal to compensate countries for climate-driven damages and pay for a clean-energy transition.
Rapid7’s shares jumped more than 9% after Reuters revealed that the cybersecurity firm is exploring options with its investment bankers after attracting acquisition interest from buyout firms. The post Cybersecurity firm Rapid7 fields buyout interest appeared first on Reuters News Agency. Source: Reuters News Agency
Allianz, one of Europe’s biggest insurers, is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four people with knowledge of the matter told Reuters, in a move that would give the business greater scale. AllianzGI, which oversees 555 billion euros ($560 billion) of assets according to its website, could be valued at more than 4 billion euros, including debt, one of people said. Why it matters The considerations come on the heels of BNP Paribas’ decision to buy AXA Investment Managers for more than 5 billion euros, a transaction that bankers expected would spur more dealmaking. The post Allianz weighs options for AllianzGI unit appeared first on Reuters News Agency. Source: Reuters News Agency
China is considering approving next week the issuance of over 10 trillion yuan ($1.4 trillion) in extra debt in the next few years to revive its fragile economy, a fiscal package which is expected to be further bolstered if Donald Trump wins the U.S. election, two sources with knowledge of the matter told Reuters. Why it matters The planned total amount, to be raised by issuing both special treasury and local government bonds, equates to over 8% of the output of the world’s second-largest economy, which has been hit hard by a protracted property sector crisis and ballooning debt of local governments. The post Eyeing US election, China considers over $1.4 trillion in extra debt over next few years appeared first on Reuters News Agency. Source: Reuters News Agency
Private equity firm Carlyle has dropped out of a process to buy the marine division of German conglomerate Thyssenkrupp, marking the latest blow to the firm’s ongoing restructuring efforts, Reuters exclusively reported. Thyssenkrupp shares fell as much as 4.5% on the news. Why it matters Carlyle’s withdrawal as a suitor for Thyssenkrupp Marine Systems (TKMS) is the latest setback for Thyssenkrupp Chief Executive Miguel Lopez’s efforts to disentangle the sprawling conglomerate, which has been in crisis-mode for several years. The post Carlyle quits bidding process for Thyssenkrupp marine arm appeared first on Reuters News Agency. Source: Reuters News Agency
Altair Engineering’s shares jumped more than 14% on Tuesday after Reuters exclusively reported that the engineering software maker is exploring a sale after receiving acquisition interest. The post Engineering software firm Altair explores sale, sources say appeared first on Reuters News Agency. Source: Reuters News Agency
UN Secretary-General António Guterres has strongly condemned the latest Russian drone and missile attack against the power grid and critical civilian infrastructure in Ukraine, his Spokesperson said on Sunday.
The G20 group of developed economies must be at the forefront of global efforts to bring about peace, climate action, updated international financial institutions and equitable access to emerging technologies, the UN Secretary-General said on Sunday in Rio de Janeiro.
“What do I want the river to carry away? The deforestation,” Sandra Donado says, her voice competing with the sudden storm lashing her canoe as it floats down the Guaviare River in Colombia’s Amazon biome region.
The 4th Global High-Level Ministerial Conference on Antimicrobial Resistance (AMR) wrapped up on Saturday with the adoption of the Jeddah Commitments, which lay out practical, actionable and cross-sectoral steps stakeholders can take to address this complex health issue.
Leaders in technology and the environment at COP29 in Baku endorsed on Saturday a declaration pledging to use digital technologies to accelerate climate action while reducing the carbon and pollution footprints of tech manufacturing and tackling the growing problem of e-waste.