Page 890 - World News

Wall Street performance muted as focus moves to key US inflation data

Some of the stocks expected to perform well under President-elect Donald Trump's presidency gave back gains. Tesla , which has soared nearly 40% since Nov. 5, fell 2.5%

COP29: UN climate chief calls for urgent action to counter economic fallout

Stiell, the executive secretary of the United Nations Convention on Climate Change (UNFCCC), also criticised the tendency to sideline climate action in national policies

35 killed, 43 injured as driver hits crowd in China's Zhuhai City

While the details of the incident have not yet been released, the state-run Xinhua news agency said that 35 people were killed and 43 others injured after a car rammed into people

Russian oil output broadly stable in Oct at 9.01 mn barrels per day: Opec

This was slightly above the quota agreed by the Opec+ group of leading oil producers, which includes Opec and allies such as Russia

Norway okays $1.6 bn govt takeover of extensive gas pipeline network

Norway in 2023 announced plans to nationalise most of its vast gas pipeline network, a major processing plant and other infrastructure when many existing concessions expire in 2028

Most G20 nations should advance climate action: Global South climate index

The Climate Accountability Matrix (CAM) is a first-of-its-kind assessment tool from the Global South to analyse countries' performance in climate aspects

Host nation Azerbaijan defends oil, gas sector at COP29 amid West criticism

Azerbaijan's oil and gas revenues accounted for 35 per cent of its economy in 2023, down from 50 per cent two years earlier. The government says these revenues will decline to 22 per cent by 2028

Wall Street bonuses likely to rise for first time since 2021: Consultant

Investment bankers in debt underwriting are projected to receive the biggest surge in bonuses of 25% to 35% for 2024, the estimates showed, buoyed by a resurgence of activity

Explosions near ship in Red Sea suspected to be 'Houthi rebel' attack

The rebels maintain that they target ships linked to Israel, the US or the U.K. to force an end to Israel's campaign against Hamas in Gaza. However, many of the ships attacked have little

Nestle and P&G probe palm oil sourcing after Indonesia deforestation claims

Some images, which RAN said were taken during a field investigation in February 2024, showed that oil palm seedlings were planted on burnt ground surrounded by fallen trees inside the reserve

Trump's presidency and Project 2025: A recipe for radical change?

Border walls and policy brawls: Project 2025 fuels fears of radical policy shifts as its far-right proposals, from immigration to education, keep the US on the edge

COP29: Experts call for $1 trn annual investment to fight climate change

Avinash Persaud, Special Advisor on Climate Change to the President, Inter-American Development Bank from Inter-American Development Bank, highlighted enormous financial need for climate adaptation

AstraZeneca raises expectation for next year profits after Q3 performance

AstraZeneca now expects 2024 revenue and core earnings per share to grow by a high-teens percentage, from a previous forecast of a mid-teens percentage at constant currency rates for both revenue

IMF holds key talks with Pakistan on $7bn bailout amid fiscal concerns

Sources in the finance ministry said the Nov 11-15 visit will discuss recent developments and program performance to date, adding the mission was not part of the first review

Don't expect Trump will demand payment for protection: Philippine def secy

Philippine Defence Secretary Gilberto Teodoro said he doesn't have any preconditions or any assumptions as to what will be the outcome of this administration

Azerbaijan accused of intensifying repression of critics amid hosting COP29

Azerbaijan has had a poor human rights record for many years and the government has regularly targeted journalists, activists and independent politicians

Taiwan rejects China's claims over South China Sea amid military escalation

The assertion comes as military confrontations and territorial disputes in the area intensify, Focus Taiwan (CNA) reported

Mauritius opposition back in power, Navin Ramgoolam to be country's next PM

The Alliance for Change coalition's win will see the return of Navin Ramgoolam as the country's prime minister. He served as prime minister from 1995 to 2000 and again from 2005 to 2014

Spy satellite images lead archeologists to site of historic battle in Iraq

While mapping the route, the team noticed that a site some 30 kilometers (20 miles) south of Kufa in Iraq's southern Najaf province a desert area with scattered plots of agricultural land.

Republicans win majority in US House, paving way for Trump's plans

By contrast, during the past two years of divided government, Biden has had little success in passing legislation and Congress has struggled to perform its most basic function of providing the money