At least one of the years between now and 2028 will very likely set a new temperature record breaking through the crucial 1.5°C temperature limit, the UN weather agency, WMO, said on Wednesday.
“It’s climate crunch time” when it comes to tackling rising carbon emissions the UN Secretary-General said on Wednesday, stressing that while the need for global action is unprecedented, so too are the opportunities for prosperity and sustainable development.
Reuters exclusively reported that Shanghai has compiled a list of data that can be transferred overseas without security assessments, a much anticipated move as China tries to lure foreign investment to boost a sluggish economy. The post Shanghai eases data-export curbs sought by Tesla, other firms appeared first on Reuters News Agency. Source: Reuters News Agency
Welcome to our live coverage of one of the most important speeches on climate change that António Guterres has made since becoming Secretary-General. We’ll be reporting live from the event in Manhattan and providing all the background information and briefing you need on the speech itself, and reaction to it inside the hall and around the world.
No less than 18 crisis locations already suffering from dire food insecurity could see a “firestorm of hunger” unless aid reaches them urgently, UN humanitarians said on Wednesday.
Reuters exclusively reported that Vietnam forfeited at least $2.5 billion in foreign aid over the last three years and may lose another $1 billion because of administrative paralysis, the United Nations, the World Bank and Western donors told the government. The post Vietnam forfeits billions of dollars in foreign aid amid anti-graft freeze appeared first on Reuters News Agency. Source: Reuters News Agency
The UN humanitarian affairs coordination office (OCHA) on Tuesday warned that lifesaving aid for hundreds of thousands in need across Gaza remains limited due to access constraints.
The UN’s top aid official said on Tuesday he was leaving office at the end of the month with “some important pieces of wisdom” but also a feeling of frustration because many crises no longer make the headlines, while humanitarian operations face a dire lack of funding.
The UN Secretary-General has called for safeguarding Earth’s vital ecosystems from rampant pollution, worsening climate impacts and “biodiversity decimation”.
Reuters reported first Abu Dhabi Bank (FAB) is in advanced talks to acquire Turkish conglomerate Koc Group’s 61.2% stake in Istanbul-based lender Yapi Kredi for about $8 billion. Shares in Yapi Kredi soared 10% after the news emerged, while Koc Holding jumped more than 9%, both touching record highs. FAB shares slipped slightly. The post Emirati bank FAB in advanced talks to buy Turkey’s Yapi Kredi appeared first on Reuters News Agency. Source: Reuters News Agency
Reuters exclusively reported on Goldman Sachs’ aggressive campaign to water down a proposal to raise capital requirements for big banks. A Reuters review of private Goldman documents, interviews with program participants and public disclosures revealed how Goldman recruited small business owners from across the country in its battle against the so-called Basel Endgame. Their task in Washington was to urge lawmakers to sign a letter asking the Fed to reconsider the proposal. The post Basel battle: Goldman’s unlikely foot soldiers in the fight against bank capital hikes appeared first on Reuters News Agency. Source: Reuters News Agency
Conflicts in Sudan and across the Sahel region have compromised protection for migrants who continue to face “unimaginable horrors” on major migration routes to Europe, UN humanitarians said on Tuesday.