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Bankers Bet Billions on New Wave of Debt-For-Nature Deals
Date: November 18, 2022
By Clare Baldwin, Marc Jones and Simon Jessop SHARM EL-SHEIKH, Egypt (Reuters) – The Galapagos Islands, whose thousands of unique species inspired Darwin’s theory of evolution, have incalculable ecological value. But what are they worth? Perhaps around $800 million, judging by the size of a “debt-for-nature” swap deal that could see Ecuador’s debts cut in...
G20 Summit: What You Need to Know Now
Date: November 16, 2022
NUSA DUA, Indonesia (Reuters) – Leaders of the Group of 20 (G20) nations deplored Russia’s aggression in Ukraine “in the strongest terms” and demanded its unconditional withdrawal in a declaration adopted at the end of a two-day summit. UKRAINE AND RUSSIA * The war in Ukraine was the most debated article of the leaders’ declaration,...
Wall Street Advances, Treasury Yields Dip as U.S. Votes
Date: November 8, 2022
By Stephen Culp NEW YORK (Reuters) -U.S. stocks advanced on Tuesday, gaining momentum in morning trading while Treasury yields took a pause as Americans went to the polls and market participants bided their time to determine whether Capitol Hill is in for a power shift. The blue-chip Dow led Wall Street’s major slightly higher, while...
Blow for EU Crackdown on Tax Deals as Fiat Wins Appeal
Date: November 8, 2022
By Foo Yun Chee LUXEMBOURG (Reuters) -Fiat Chrysler on Tuesday won its fight against an EU order to pay 30 million euros ($30 million) in back taxes to Luxembourg, dealing a major setback to EU antitrust chief Margrethe Vestager’s crackdown on sweetheart deals between EU countries and multinationals. In her 2015 decision, Vestager said Luxembourg...
The Path to Net Zero: Significant Investment, Actionable Strategies and Long-Term Commitment
Date: November 7, 2022
By Jonathan Hick, Investment Director at Triple Point It is no secret that the energy crisis is set to worsen as winter approaches, with Putin likely to further reduce gas and oil exports to Europe. The war has exposed Europe’s dependence on Russia for its energy needs and has reinforced why the UK must become...
‘Negotiating Our Future’: Youth Set to Grab Power Roles at COP27
Date: November 7, 2022
By Laurie Goering SHARM EL-SHEIKH, Egypt (Thomson Reuters Foundation) – Fiji’s Sivendra Michael was just a year old when Pacific island nations first sought help in 1991, through planned U.N. climate negotiations, to deal with expected “loss and damage” from rising seas and other climate change impacts. This year, the 32-year-old, a disaster risk management...