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CNN —The decade between 2011 and 2020 was the hottest on record for the planet’s land and oceans as the rate of climate change “surged alarmingly,” according to a new report from the World Meteorological Organization. This year is also expected to be the hottest year, after six straight months of record global temperatures. Scientists have said this year’s exceptional warmth is the result of the combined effects of El Niño and human-caused climate change, which is driven by planet-warming fossil fuel pollution. A separate analysis released Monday by the Global Carbon Project found that carbon pollution from fossil fuels is on track to set a new record in 2023 – 1.1% higher than 2022 levels. The WMO report comes partway through the UN-backed COP28 climate summit, on the day focused on energy and industry.
Persons: El, Petteri Taalas, ” Elena Manaenkova, Anupam Nath, , ” Taalas, , Pierre Friedlingstein, Amy Cassidy Organizations: CNN, World Meteorological Organization, Global, Project, WMO, UN, EU, Copernicus, DG DEFIS, Reuters, El Niño, University of Exeter’s Global Systems Institute Locations: Dubai, India, China, US, EU, Mayong, Gauhati, Assam, Greater London, Antarctica, Paris, El, COP28
The Fed has a "loaded gun" it can use if the Goldilocks economy worsens, Apollo Asset Management's co-president said. That's as the central back has kept rates high, giving policymakers room to lower them. "I would argue that the Fed put is back, sort of, on the market right now," James Zelter told Bloomberg TV. AdvertisementZelter noted the Fed has maintained "fairly high rates," which currently stand at 5.25%-5.5% — the highest since 2001 . Those Goldilocks conditions have helped stocks rocket upwards, as markets bet on the end of the Fed's rate hikes.
Persons: That's, James Zelter, , Zelter, Mohamed El Organizations: Fed, Bloomberg, Service, Apollo Asset Management
Mount Marapi volcano spews volcanic ash as seen from Nagari Batu Palano in Agam, West Sumatra province, Indonesia, December 4, 2023, in this photo taken by Antara Foto. The 2,891-metre high volcano in West Sumatra erupted on Sunday, spewing gray clouds of ash as high as 3 kilometres (1.9 miles) into the sky. Search operations for 10 missing climbers were under way on Tuesday, local authorities said, with about 200 local rescuers involved. For more than a decade, Indonesia's volcanology agency had sent monthly letters warning the environment ministry and local conservation agency that climbers should keep a safe distance from the volcano's peak, said agency head Hendra Gunawan. The volcano erupted several times in January and February 2023, but its relatively infrequent eruptions during the past decade have made it difficult to analyse, said Ahmad Basuki of the volcanology agency.
Persons: Antara, el, Indonesia's, Hendra, Rescuers, Marapi, Ahmad Basuki, Ananda Teresia, Kate Lamb Organizations: Rights, Reuters, West, Thomson Locations: Batu, Agam , West Sumatra, Indonesia, Rights JAKARTA, West Sumatra, West Sumatra's, Mt
Israel has been intensifying its aerial bombardment of southern Gaza in pursuit of Palestinian militant group Hamas and said over the weekend that it will expand ground operations to the whole of the territory. United Nations Secretary General Antonio Guterres on Monday appealed to the IDF to spare civilians from more suffering. Scores of wounded people could be seen being taken from rubble and to hospitals in southern Gaza throughout Monday in footage. “They told us to leave Gaza, there’s a war in Gaza, so we left (the north) and came here to the south just like they asked. The Hamas-controlled Ministry of Health in Gaza also accused the Israeli military of targeting Kamal Adwan hospital in a statement late Monday.
Persons: , Martin Griffiths, , General Antonio Guterres, Jonathan Conricus, Khan Younis, we’ve, ” Ibrahim Esbeitan, Salah Al, Mohammed Salem, Philippe Lazzarini, Lazzarini, Nasser Hospital, James Elder, ” Elder, Kamal Adwan, Anas Al, Sharif, CNN’s Tamar Michaelis, Lauren Kent, Lina El Wardani, Abeer Salman, Kareem Khadder Organizations: CNN, United, , Hamas, . United Nations, UN, Israel Defense Forces, Reuters, Nasser Hospital, United Nations Relief, Works Agency for Palestine Refugees, US Administration, Health, World Health Organization, WHO, Nasser, UNICEF, of Health, IDF Locations: United Nations, Gaza, Israel, , Khan, there’s, Rafah, Egypt, Territories, Kamal
After closing at its highest level of 2023 on Friday , the first day of December, the S & P 500 fell Monday. A mixed picture is revealed when looking at how every Club stock has performed in December over the past decade. The best-performing Club stock over the past 10 Decembers is Broadcom (AVGO), which has an average gain of 7.1% in the month. Salesforce (CRM) is the worst-performing Club stock in December over the past decade, falling 4.53% on average in the month. Amazon (AMZN), Coterra Energy (CTRA) and Costco (COST) round out the bottom five December performers over the past decade.
Persons: Sam Stovall, Santa Claus, hasn't, It's, Thursday's, Estee Lauder, Eli Lilly, , Jim Cramer's, Jim Cramer, Jim, Tayfun Organizations: GE Healthcare, Broadcom, Procter & Gamble, Wynn Resorts, WYNN, Salesforce, Ford, Palo Alto Networks, Coterra Energy, Costco, Amazon, Caterpillar, Jim Cramer's Charitable, CNBC, Wall, York Stock Exchange, Financial, Anadolu Agency, Getty Locations: Santa, Broad St, New York City, United States
RIYADH (Reuters) - The World Food Programme (WFP) said on Tuesday it had paused general food distribution in north Yemen due to limited funding and disagreement with local authorities over how to focus on the poorest there. The fighting has abated over the last two years, easing what the United Nations has described as the world's worst humanitarian crisis. The WFP had already reduced rations in Yemen since 2022 due to critical funding gaps and global inflation that followed Russia's invasion of Ukraine. The agency said it would continue other programmes, including nutrition and school feeding programmes to limit the impact of the decision. General food distribution would continue with a focus on the neediest in the areas controlled by the Saudi-backed government, it said.
Persons: Aziz El Yaakoubi, Bernadette Baum Organizations: Reuters, Food Programme, United Nations, WFP Locations: RIYADH, Yemen, Iran, Saudi, Aden, Ukraine
[1/2] Buildings lie in ruin in Gaza, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, as seen from southern Israel, December 4, 2023. Qatar, where several political leaders of Hamas are based, has been leading negotiations between the Palestinian militant group and Israel. Those talks led to a truce that ultimately lasted for seven days before hostilities resumed on Friday. During the truce, Hamas released dozens of hostages held in Gaza in exchange for hundreds of Palestinian prisoners, and Israel allowed humanitarian aid to flow into the coastal strip. Sheikh Tamim said Qatar was working with both sides to repair the deal.
Persons: Athit, Israel, Sheikh Tamim bin Hamad, Thani, Sheikh Tamim, Aziz El Yaakoubi, Nayera Abdallah, Andrew Mills, Alex Richardson, Miral Organizations: Hamas, REUTERS, Rights DOHA, . Security Council, Qatari, Doha, UN, Thomson Locations: Gaza, Israel, Palestinian, Qatar
Saudi Minister of Finance Mohammed Bin Abdullah Al-Jadaan attends the G20 Finance Ministers and Central Bank Governors Meeting in Nusa Dua, Bali, Indonesia, 15 July 2022. The programme has so far attracted 200 foreign companies, Saudi Investment minister Khaled Al-Falih was quoted as saying. "The new tax exemptions granted on regional headquarters activities will give .... international companies in the kingdom more clarity of vision and stability," Saudi Finance Minister Mohammed Al-Jadaan said, according to SPA. Foreign companies have scrambled to meet the Saudi condition to relocate their regional headquarters after the kingdom said in October the deadline will be enforced. Foreign firms have for years used neighbouring United Arab Emirates as a springboard for their regional operations, including for Saudi Arabia.
Persons: Finance Mohammed Bin Abdullah Al, Jadaan, Jan, Prince Mohammed bin Salman, Khaled Al, Falih, Mohammed Al, ” Jadaan, Aziz El, Bill Berkrot Organizations: Finance, Ministers, Central Bank Governors, Rights, United, United Arab Emirates, International, Saudi Investment, Saudi Finance, Games, , Thomson Locations: Saudi, Nusa Dua, Bali, Indonesia, Rights RIYADH, Saudi Arabia, United Arab, United Arab Emirates
Mendes' account is one of seven given to Reuters by first responders or others dealing with the dead that attest to alleged sexual violence. VICTIMS DEAD, TRAUMATIZEDIn Israeli criminal law, sexual violence includes rape, but also indecent acts, harrassment and sexually demeaning a person – including forced nudity – among other offences. Some of those purporting to show sexual violence could not be authenticated – one seen by Reuters appeared to date to 2021. The news agency verified the locations of two other videos that suggest sexual violence, shared on social media within a day of the attack. Israeli lawyers say its evidentiary requirements on sexual violence are less challenging than Israel's.
Persons: Ronen, Shari Mendes, Mendes, It's, Deen al, Beeri, Taher al, Nono, Orit Soliciano, Neubach, Shelly Harush, Chen Kugel, Kugel, Dana Pugach, Rabbi Israel Weiss, Nachman Dyksztejn, Rami Shmuel, Shani Louk, Yael Vias Gvirsman, Vias Gvirsman, Geert, Jan Knoops, Israel, Peter Hirschberg, Anthony Deutsch, Stephanie Van Den Berg, Edmund Blair, Sara Ledwith, Daniel Flynn Organizations: Nova Festival, REUTERS, Rights, Shura, Reuters, Israel's Association, Association, Authorities, Israel National Center of Forensic Medicine, Ono Academic, Zaka, Police, Criminal Court, ICC, Israel's, Israeli Defence Force, Thomson Locations: Gaza, Israel's, Israel, Israeli, The Hague, Tel Aviv, Shura, Amsterdam, London
CNN —Chess player Vaishali Rameshbabu followed in the family tradition by becoming a grandmaster on Friday. Her brother, Praggnanandhaa Rameshbabu, became one of the youngest grandmasters in history in 2018 at the age of 12. Together, the siblings have now become the first brother and sister duo to become grandmasters, according to Vaishali Rameshbabu, pictured here at a tournament in the Netherlands in January, became a chess grandmaster on Friday. Dean Mouhtaropoulos/Getty Images“Becoming a [grandmaster] has been my goal since I started playing chess,” Vaishali told after earning the title at the IV El Llobregat Open in Spain.
Persons: Vaishali Rameshbabu, Praggnanandhaa Rameshbabu, Dean Mouhtaropoulos, Vaishali,, , , Arun Sankar, Vaishali’s, she’s Organizations: CNN —, Chess Federation, Getty, FIDE Locations: Vaishali, India,, Netherlands, El Llobregat, Spain, Chennai
[1/6] Mount Marapi volcano spews volcanic ash as seen from Nagari Batu Palano in Agam, West Sumatra province, Indonesia, December 4, 2023, in this photo taken by Antara Foto. The 2,891 metre (9,485 ft) high volcano spewed ash as high as 3 km into the sky on Sunday. Video footage showed a huge cloud of volcanic ash spread widely across the sky and cars and roads covered with ash. There were 49 climbers evacuated from the area earlier Monday and many were being treated for burns, he said. Indonesia sits on the Pacific's so-called "Ring of Fire" and has 127 active volcanoes, according to the volcanology agency.
Persons: Antara, el, Jodi Haryawan, Jodi, Marapi, Ananda Teresia, Martin Petty Organizations: REUTERS Acquire, Rights, Authorities, Thomson Locations: Batu, Agam , West Sumatra, Indonesia, Rights JAKARTA, West Sumatra
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMy hope is the Fed targets a 3% inflation instead of 2%, says Mohamed El-ErianMohamed El-Erian, Allianz chief economic advisor and president of Queens' College, Cambridge, joins 'Squawk Box' to discuss the latest market trends, the Fed's inflation fight, the state of the economy, and more.
Persons: Mohamed El, Erian Mohamed El Organizations: Fed, Erian, Allianz, Queens ' College , Cambridge
But that came after they had sold petroleum in eight of the previous nine weeks, reducing their position by a total of 342 million barrels. In the premier NYMEX WTI contract, funds had amassed bearish short positions amounting to 116 million barrels by Nov. 28, up from 20 million barrels eight weeks earlier. Funds purchased the equivalent of 10 million barrels split between U.S. gasoline (+2 million), U.S. diesel (+4 million) and European gas oil (+4 million). Funds held a net long position in gasoline of 66 million barrels (72nd percentile) up from 26 million barrels (19th percentile) six weeks earlier. Related columns:- Record U.S. oil output challenges Saudi mastery (December 4, 2023)- Investors bet against OPEC+ raising oil prices (November 28, 2023)John Kemp is a Reuters market analyst.
Persons: de Wouw, John Kemp, Kirsten Donovan Organizations: Port, REUTERS, ICE, Fund, U.S, . Funds, U.S ., Funds, Saudi, OPEC, Thomson, Reuters Locations: Rotterdam, Netherlands, Brent, Saudi Arabia, United States, U.S
MEXICO CITY (AP) — The head of Mexico’s immigration agency has ordered the suspension of migrant deportations and transfers due to a lack of funds amid a record-setting year for migration through the country’s territory. Mexico’s finance ministry suspended payments to the National Immigration Institute in November due to end-of-year budget adjustments, according to the memo. Deportations had precipitously dropped in April following a fire at a migrant detention center in Ciudad Juarez, across the border from El Paso, Texas. The tragedy threw the immigration agency into chaos and it temporarily closed dozens of its detention centers. Deportations had just picked up again in October, when Mexico began sending migrants back to their countries, including flights to Cuba and Venezuela.
Persons: Francisco Garduño, ” Garduño, , Adam Isacson Organizations: MEXICO CITY, Associated Press, National Immigration Institute, National Guard, Washington Office Locations: MEXICO, U.S, Mexico, Ciudad Juarez, El Paso , Texas, Cuba, Venezuela, America, Caribbean
REUTERS/Mike Segar/File Photo Acquire Licensing RightsLONDON, Dec 4 (Reuters) - U.S. crude oil production set a record for the second month running in September, highlighting the challenge to Saudi Arabia and its OPEC⁺ partners as they cut their own production to boost prices. Lower 48 production climbed to a record of 10.8 million b/d, surpassing the pre-pandemic peak of 10.5 million b/d set in December 2019. Drilling activity usually turns down around 4-5 months after prices and production turns down 10-12 months after prices fall. Production growth has slowed consistently since the middle of 2022 in response to the sharp fall in prices. Related columns:- U.S. oil output hits record as producers boost drilling efficiency (November 1, 2023)- U.S. oil producers reprieved by Saudi output cut (October 3, 2023)John Kemp is a Reuters market analyst.
Persons: Mike Segar, OPEC’s, John Kemp, Barbara Lewis Organizations: Bayway, REUTERS, OPEC, U.S . Energy Information Administration, Cooperation, Energy Information Administration, Thomson, Reuters Locations: Phillips, Linden , New Jersey, U.S, Saudi Arabia, Gulf of Mexico, Alaska, OPEC, United Kingdom, Russia, Soviet, Vienna, Brazil, Guyana, El, Saudi
On Monday, Prince Abdulaziz bin Salman, energy minister and the key climate negotiator, for the kingdom, was a no-show at the Saudi Green Initiative. "The climate finance that they have pledged at this COP28 is simply not enough," said Pakistani activist Zaigham Abbas, whose country was devastated last year by widespread flooding. Elsewhere, France and Japan said they would support a move by the African Development Bank to leverage IMF Special Drawing Rights for climate and development. This year also features the biggest-ever representation of business at the annual U.N. summit, amid hopes for more private investment toward climate causes. "The scale of the climate crisis demands urgent and game-changing solutions from every industry," COP28 President Ahmed Al-Jaber said.
Persons: COP28, Johanna Geron, Prince Abdulaziz bin Salman, Crown Prince Mohammad bin Salman, Nicholas Stern, Mia Mottley, Antonio Guterres, Zaigham Abbas, Abu Dhabi, Ahmed Al, Jaber, Simon Jessop, Maha El, Al Sayegh, Alexander Cornwell, Elizabeth Piper, David Stanway, Katy Daigle Organizations: of, European Union, REUTERS, Companies, Saudi, United, United Arab Emirates, Saudi Green Initiative, Crown, Grantham Research, Asian Peoples ' Movement, Development, African Development Bank, European Bank for Reconstruction, Copenhagen Infrastructure Partners, BlackRock, HSBC, Finance, Reuters, Thomson Locations: Dubai, Brussels, Belgium, Companies UAE, DUBAI, COP28, United Arab, Saudi Arabia, Sharm el, Sheikh, Egypt, Paris, China, Grantham, Barbados, France, Japan, Copenhagen, Abu
A Meta logo is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 14, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsMADRID, Dec 4 (Reuters) - A group representing 83 Spanish media outlets on Monday said it has filed a 550 million euro ($598 million) lawsuit against Facebook owner Meta Platforms (META.O), citing unfair competition in the advertising market. The lawsuit was filed by the AMI newspaper publishing association in a commercial court on Friday, the association said in a statement on Monday. The complaint is the second time Spanish media are challenging tech companies to protect their turf. In 2014, the Spanish government forced the closure of Alphabet's (GOOGL.O) Google News service until 2022 when new legislation allowing media outlets to negotiate directly with the tech giant was passed.
Persons: Gonzalo Fuentes, El, Inti Landauro, Jakub Olesiuk, David Goodman, Emelia Organizations: Viva Technology, Porte de, REUTERS, Rights, Facebook, Meta, AMI, El Pais, ABC, Google, Thomson Locations: Porte, Paris, France, Spanish
Jakarta, Indonesia CNN —Eleven climbers have died and another dozen are missing in Indonesia following the eruption of a highly active volcano in the province of West Sumatra, officials told CNN on Monday. Located on the Pacific Ring of Fire, Indonesia has 127 active volcanos – more volcanoes than anywhere else in the world – and Mount Marapi is among the country’s most active. A student walks as Mount Marapi volcano spews volcanic ash as seen from Nagari Batu Palano in Agam, West Sumatra province, Indonesia, December 4, 2023. Officials monitoring Marapi’s movements told CNN affiliate CNN Indonesia of potential dangers from Sunday’s eruption, including flowing molten lava which could reach roads and nearby rivers. It is Mount Marapi, not Mount Merapi
Persons: Marapi, Abdul Malik, Malik, Antara, el Fitra, Ada Setiawan, Merapi Organizations: Indonesia CNN —, CNN, Reuters, National Disaster Management Agency Locations: Jakarta, Indonesia, West Sumatra, Batu, Agam , West Sumatra, CNN Indonesia, Marapi
Opinion | The War the World Forgot
  + stars: | 2023-12-04 | by ( Alex De Waal | Abdul Mohammed | )   time to read: +2 min
There’s a genocide in the making in Darfur, Sudan — for the second time in 20 years. This time, the violence is happening on President Biden’s watch, and he and his administration have not done enough to stop it. In recent weeks, Sudan’s paramilitary Rapid Support Forces, a mercenary-commercial enterprise, has overrun four of the five main cities in Darfur, a region in western Sudan. After the Rapid Support Forces seized the town of Ardamata on Nov. 4, some 1,500 people were slaughtered, according to a Darfur human rights group. The paramilitaries are mobile and ferocious, and their adversaries in the regular army, the Sudan Armed Forces in Darfur are demoralized and outgunned.
Persons: Sudan —, Biden’s, Biden, El Fasher, Omar al, Bashir, Darfuri Organizations: Kenyan, Sudan’s, Rapid Support Forces, Sudan Armed Forces Locations: Darfur, Sudan, Ardamata, North Darfur, El
But chasing lower quality stocks is not a great long-term strategy. That's why we look to buy high quality companies when they are put on sale. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Jim, Estee Lauder, hasn't, Jim Cramer's Organizations: CNBC, Federal Reserve, Microsoft, Palo Alto Networks, Nike, Jim Cramer's Charitable Locations: Palo
DUBAI, Dec 4 (Reuters) - Abu Dhabi will host the newly launched Global Climate Finance Centre in partnership with nine founding members including the World Bank, lender HSBC (HSBA.L) and asset managers BlackRock (BLK.N) and Ninety One (N91.L). Described as an independent think-tank and research hub, the centre will look at barriers to investment into low-carbon projects and develop the financial frameworks to overcome them. "It will put Abu Dhabi and the UAE at the forefront of driving global change in sustainable finance, providing a positive legacy for years to come," COP28 President Sultan Al Jaber said in a statement on Monday. Reporting by Maha El-Dahan and Simon Jessop; editing by William JamesOur Standards: The Thomson Reuters Trust Principles.
Persons: Abu, Sultan Al Jaber, Maha El, Simon Jessop, William James Our Organizations: Climate Finance, World Bank, HSBC, BlackRock, Thomson Locations: DUBAI, Abu Dhabi, UAE
LOS ANGELES (AP) — Ten of the top albums of the year, as chosen by Associated Press Music Writer Maria Sherman. Instead of embracing the antiquated practice of ranking very different albums against one another, we're celebrating the best next to the best. Leading the charge is Peso Pluma, whose third studio album, “Génesis,” became the highest-charting regional Mexican album of all time. “Hackney Diamonds,” The Rolling StonesPrior to “Hackney Diamonds,” the Rolling Stones hadn’t released an album of original material in 18 years. AP's Jocelyn Noveck put it best: This album is their best new work in decades — tight, focused, full of heart and swagger.
Persons: Maria Sherman, “ Barbie, , Carín León, , Pluma, Olivia Rodrigo, Rodrigo, , Joan Didion, ” Rodrigo, “ Lucky, Megan Moroney Let’s, Morgan Wallen’s “, Luke Combs, Tracy Chapman’s, Megan Moroney, Taylor Swift, Charlie Watts, Andrew Watt, Post Malone, Justin Bieber, Lady Gaga, AP's Jocelyn Noveck, Raven, Kelela, Shaadi Devereaux, ” Karol G, reggaetón, Daddy Yankee, J Balvin, Rauw Alejandro, Karol G's, there's, Ojos, Shakira, It’s, Carlos Niño, Rihanna, Beyoncé, Kendrick Lamar’s, Arlo, Arlo Parks Organizations: ANGELES, Associated Press, banda, Tennessee, “ Hackney, Ojos Ferrari, Sun, Chicago, NFL, Carolinas, Locations: Mexican, Mexico, Kelela, Será, Puerto Rican, Panamanian, , New York, Colombian, “ Carolina, California, Sunbeams,
The Galaxy Leader cargo ship is escorted by Houthi boats in the Red Sea in this photo released November 20, 2023. The U.S. military said on Sunday three commercial vessels came under attack in international waters in the southern Red Sea. On Oct. 31, the Houthis military spokesperson said the group had a "large number" of ballistic missiles and drones towards Israel. The Houthis fired these missiles at Saudi Arabia dozens of times during the Yemen war. In September, the Houthis displayed anti-aircraft Barq-2 missiles, naval missiles, a Mig-29 fighter jet and helicopters for the first time.
Persons: Houthis, Sanaa, Israel, Aziz El Yaakoubi, Maha, Tom Perry, Christina Fincher Organizations: Galaxy Leader, Houthi Military, REUTERS Acquire, U.S . Central Command, ARSENAL, Saudi, United Arab, Thomson Locations: Red, Iran, Israel, U.S, Houthi, Yemen, Islam, Saudi Arabia, YEMEN, Shi'ite Iran, Saudi, Aden, Sanaa, America, IRAN, Iranian, United Arab Emirates
Aramco chief says renewables still not enough to cover demand
  + stars: | 2023-12-04 | by ( )   time to read: 1 min
President and CEO of Aramco Amin Nasser attends the Energy Asia conference in Kuala Lumpur, Malaysia June 26, 2023. REUTERS/Hasnoor Hussain/ File photo Acquire Licensing RightsDUBAI, Dec 4 (Reuters) - Saudi oil giant Aramco's Chief Executive on Monday told a panel on the sidelines of the COP28 climate summit in the UAE that that all the renewable energy coming to market is still not enough to handle additional demand. Aramco CEO Amin Nasser added that more investment in the oil and gas sector is still needed. Reporting by Maha EL Dahan and Yousef Saba Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.
Persons: Amin Nasser, Hasnoor Hussain, Yousef Saba, David Goodman Organizations: Energy Asia, REUTERS, Rights, Maha, Thomson Locations: Kuala Lumpur, Malaysia, Saudi, UAE
The unusually heavy rains are largely caused by the El Niño weather phenomenon and are forecast to continue into the new year by the Kenya Meteorological Department. This phenomenon has been associated with severe flooding in eastern Africa, resulting in landslides, elevated waterborne diseases, and food shortages. Meanwhile, the northern and southern regions of the continent often endure prolonged periods of severe drought during El Niño events. That means the Horn of Africa may experience more drought as well as floods from heavy rain. In northern Tanzania, authorities said 49 people were killed by floods accompanied by mudslides following heavy rains in the country’s Manyara province.
Persons: William Ruto, Niño, Ruto, , Queen Sendiga, Samia Suluhu Hassan Organizations: CNN, Interior Ministry, Kenya Meteorological Department, Disaster, Communication, Somali, Afi, United, International Rescue Locations: East Africa, Somalia, Kenya, Ethiopia, Tanzania, Mombasa, El, Africa, COP28, Dubai, Horn of Africa, Manyara, Hagadera
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