Rich nations pledged Tuesday to raise at least $20 billion to help wean Indonesia off coal and reach carbon neutrality by 2050, a decade earlier than planned, the White House said.. Under the deal, Indonesia, home to the world's third-largest rainforest, pledges to be carbon-neutral by 2050, 10 years earlier than previously planned, and to almost double its renewable energy generation by 2030.
The failure of the FTX platform has undermined investor confidence and threatened the young cryptocurrency sector, pushing its main players to mobilise to save it.. "They're trying to pour water on the fire, but if you followed the FTX situation, Binance had quite an important role," added Koudmani - Platforms in turmoil - It remains to be seen whether the current main players, exchange platforms such as Binance and Coinbase, will be among the survivors.
There is a "warm atmosphere" within the Renault-Nissan alliance and a deal regarding its future will be announced "in due time", the French carmaker's chairman said Tuesday.. On Tuesday, Renault chair and alliance boss Jean-Dominique Senard sought to reassure reporters in Tokyo that the "warm atmosphere" within the alliance "bodes well" for its future.
Shares in Taiwan's TSMC soared on Tuesday after Warren Buffett's Berkshire Hathaway confirmed it had taken a close to $5 billion stake in a major boost of confidence for the semiconductor giant.. The company's shares and profits soared for the first two years of the coronavirus pandemic during a global shortage of semiconductors.
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Britain will on Thursday hike taxes and slash public spending in a government budget signalling a return to austerity despite millions suffering a cost-of-living crisis in an economy facing recession.. Truss' unfunded tax-slashing budget sparked a collapse in the pound and an explosion in state borrowing costs during her 49-day tenure that began in September.
Asian markets mostly rose Tuesday as investors brushed off a reverse on Wall Street and focused on signs of slowing inflation and China's moves to shore up its economy.. However, Asian traders were a little more upbeat, with dealers cheered by China's move to ease some of its strict Covid-19 restrictions and provide much-needed support to its beleaguered property sector.
Japan's economy shrank in the three months to September due to slower-than-expected consumption, official data showed Tuesday, dashing hopes of another quarter of growth.. From July to September, Japan's gross domestic product contracted 0.3 percent quarter-on-quarter, missing market expectations of 0.3 percent growth, the government data showed.
A Twitter imposter cost a US pharmaceutical giant billions of dollars, but the viral prank triggered another unexpected crisis -- a new wave of scrutiny of the high cost of its insulin.. By Friday, Eli Lilly executives ordered a halt to all ad campaigns on Twitter, a move that could potentially cost the platform millions of dollars.
