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Hedge fund trader Sanjay Shah extradited to Denmark a year after arrest

Shah was taken into custody by police on his arrival in Copenhagen on Wednesday, and will be taken to court for a bail hearing on Thursday morning, Danish police said in a statement

COP28: Renewables a way to phase out fossil fuels, says TotalEnergies

Governments at previous climate talks agreed to phase down the use of unabated coal, but the talks, hosted by oil power United Arab Emirates, have so far been split on the future role of fossil fuels

Ukrainian diplomats negotiate climate change at COP28 summit in Dubai

While Ukrainian diplomats take part in negotiations at the United Nations COP28 climate talks, Russia's war on the country lurks just in the background even as the United Arab Emirates has seen its business ties to Moscow surge despite Western sanctions. As Ukraine announced a 450 million euro ($489 million) expansion Monday of a wind farm in its Mykolaiv region, officials highlighted how its turbines would be spread far enough apart to survive any Russian missile attack. They decried continued attacks by Moscow on its energy infrastructure as snow storms grip the country. And an American diplomat forcefully denounced Russian President Vladimir Putin at an event that's seen demonstrators stopped from naming Israel in their protests over its pounding airstrikes and ground offensive in the Gaza Strip against Hamas. The war in Ukraine Putin's invasion represents a fundamental challenge to the international system that the United States and our allies and partners are trying to build,

TMS Ep575: Dubai COP28, CEO-board relation, BSE Midcap, rat hole mining

Why is Dubai COP28 important? Altman and OpenAI: What's the role of the board? BSE m-cap @$4trn: Will the optimism last? What is rat hole mining? All answers here

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PM Modi arrives in New Delhi after attending COP28 Summit in Dubai

PM Modi wrapped up his day-long visit to the UAE on Friday evening after participating in the World Climate Action Summit of the COP28

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Why is 1.5 deg C the most misunderstood number in the climate fight

When it comes to the collective goal of limiting global temperature rise to 1.5C, there's been only one acceptable talking point in the runup to the COP28 conference in Dubai

Pressure builds to cut fossil fuel use as oil exec takes over climate talks

Pressure to phase out fossil fuels mounted Thursday on the oil company chief who took over fragile international climate negotiations that opened in Dubai on Thursday in what some say are contradictory dual roles. United Nations and climate talks leaders might have relieved some of the pressure when negotiators unanimously approved much-fought over plans to launch and fund a program to compensate poorer nations hit by floods, storms, drought and other climate extremes. Several nations, led by host United Arab Emirates, immediately pledged more than $420 million for the fund, which took 30 years to approve. Leaders said they hope the quick win on a key financial issue would set a new tone for negotiations that had put the climate talks newly installed boss on the hot seat and not just because the planet keeps smashing heat records. Days before the United Nations Conference of Parties (COP28) began, meeting preparation notes were published that linked efforts by the United Arab Emirat

PM Narendra Modi arrives in Dubai to attend World Climate Action Summit

Prime Minister Narendra Modi Thursday called for supporting developing countries with adequate climate financing and technology transfer to enable them to deal with climate change as he arrived here to attend the World Climate Action Summit in the Gulf emirate. Before leaving Delhi, Modi said he was happy to see that this significant event is being held under the Presidency of the UAE, an important partner for India in the field of climate action. "In keeping with our civilizational ethos, India has always laid emphasis on climate action even as we pursue social and economic development," he said. "During our G20 presidency, climate was high on our priority. The New Delhi Leaders' Declaration includes numerous concrete steps on climate action and sustainable development. I look forward to the COP28 taking forward the consensus on these issues," Modi said in his departure statement. Modi will attend the World Climate Action Summit on Friday during the United Nations 'Conference of t

COP28 starts tomorrow: What to expect from UN's annual climate negotiations

Forming agreement over future of fossil fuels and who pays for climate damages on agenda

As Dubai prepares for COP28, some world leaders won't attend climate talks

Dubai prepared to host the COP28 climate talks on Tuesday as world leaders including US President Joe Biden signalled they would not be attending the negotiations that come during the ongoing Israel-Hamas war roiling the wider Middle East. Workers under a still-scorching November sun stapled up bunting and decorated Dubai Expo City's iconic Al Wasl Dome with trees and other green foliage ahead of the summit, scheduled to start Thursday in the United Arab Emirates. Armed United Nations police patrolled about half the area of Expo City where the delegates will debate, while the other half will host other climate events. Airport-style security screenings greeted those coming into both areas. The two-week meeting of international leaders aims to assess where the world stands when it comes to limiting emissions to slow global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) compared with pre-industrial times. Emirati officials said on Tuesday they expect over 70,000 attendees at t

US President Joe Biden to skip COP28 climate summit in Dubai: Report

The event is expected to be attended by King Charles III, Pope Francis, and leaders from nearly 200 countries, according to The New York Times

PM Modi will visit Dubai to attend World Climate Action Summit, says MEA

Prime Minister Narendra Modi will pay a two-day visit to Dubai this week to attend the World Climate Action Summit, the Ministry of External Affairs (MEA) announced on Sunday. It said Modi is visiting Dubai from November 30 to December 1 at the invitation of Sheikh Mohamed bin Zayed Al Nahyan, the President of the United Arab Emirates and ruler of Abu Dhabi. The World Climate Action Summit is the high-level segment of the 28th Conference of Parties (COP-28) to the United Nations Framework Convention on Climate Change (UNFCCC). The COP-28 is being held in Dubai from November 28 to December 12 under the presidency of the UAE.

Climate concert in Dubai to highlight 'urgency of a planet in dissonance'

An upcoming climate concert, named Resonance, will bring together multiple voices from across the globe to raise awareness about the "urgency of a planet in dissonance - that must be healed for humanity". Hosted by San Francisco based non-profit BayEcotarium jointly with United Nations Convention to Combat Desertification (UNCCD), the musical event will take place on December 6 in Dubai Opera, during the United Nations COP28 Climate Summit scheduled to be held in UAE from November 30 - December 12. "Music transcends geopolitical and linguistic boundaries and is the soul of civil societies. The Climate Concert is the coming together of multiple voices from around the world during the historic UNCOP28, in solidarity with combating climate change. Aptly named Resonance- its intent is to bring awareness to the urgency of a planet in dissonance - that must be healed for humanity," George Jacob, president and CEO of BayEcotarium, told PTI. The event will see live performances by multiple

COP28 Business and Philanthropy Climate Forum to begin on Nov 30 in Dubai

The Forum, taking place from 1-2 December alongside the World Climate Action Summit, will convene over 1000 global Heads of State, Government and other stakeholders

Mark Mobius joins hedge fund elite planning Dubai investing venture

The 87-year-old money manager said he's busier than ever as he looks to set up a new venture in Dubai

Dubai to replace DXB airport with bigger one as passenger count improves

Dubai is planning to replace the world's busiest airport, Dubai International (DBX), with a bigger airport as passenger traffic recovers to surpass pre-pandemic levels

UAE leverages oil power to push secretive oil cos on emission cuts: Report

The effort, termed as the Global Decarbonisation Alliance, aims to make a significant impact at the COP28 negotiations starting on November 30 in Dubai

IGP enters Dubai market, expects Rs 80 crore revenue in 1.5 years

Online gifting platform IGP on Friday announced a foray into the Dubai market from where it expects to generate a revenue of USD 10 million, (Rs 80 crore) in the first 1.5 years, the company said on Friday. The company claims to have an annual revenue of USD 40 million, or about Rs 320 crore. "I am thrilled to announce our foray into the vibrant market of UAE. With an investment of USD 10 million and a dedicated team of over 100 professionals, we are set to transform gifting experiences in the region," IGP Founder and CEO, Tarun Joshi said in a statement. IGP is a global brand, our goal is to become the ultimate destination for flowers, cakes, and gifts, enriching the lives of millions in the UAE and, in the long term, across the entire Middle East," he said. The company has set up a warehouse of over 20,000 sq ft in Dubai. Joshi said he expects to generate revenue of USD 10 million in Dubai over a period of 18 months.