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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Pro Talks: TSMC, Alibaba and more? Fund manager reveals his 'great' undervalued stock picksLooking for investment opportunities outside of the U.S.? CNBC’s Tanvir Gill quizzed North of South Capital’s Kamil Dimmich on investing in global stocks such as chip giant TSMC, Chinese tech behemoth Alibaba and South Korea’s Samsung Electronics. These stocks and more are held in Dimmich’s fund, the $1.5 billion Pacific North of South Emerging Markets All Cap Equity fund.
Persons: Tanvir Gill quizzed, Capital’s Kamil Dimmich Organizations: Samsung Electronics, South Emerging, Equity Locations: U.S, South
CNN —A huge prehistoric structure in Ohio has become the 25th US landmark to be awarded a place on the UNESCO World Heritage List. Historic siteNational Archaeological Park Tak’alik Ab’aj in Guatemala has also been named a UNESCO World Heritage site. “This inscription on the World Heritage List highlights the important work of American archaeologists, who discovered here remains dating back 2,000 years, constituting one of the largest earthwork constructions in the world. J.B. Barret/DEAL Martinique/Courtesy UNESCO World Heritage Nomination OfficeEstablished in 1978, the World Heritage List has inscribed well over 1,000 sites of “outstanding universal value” in the more than four decades since then. Only countries that sign the convention creating the World Heritage Committee and list can nominate sites.
Persons: , , Audrey Azoulay, Israel, Frank Lloyd Wright, Solomon, Pelée, J.B . Barret, Ethiopia’s Bale, Cambodia’s Koh, CNN’s Francesca Street, Marnie Hunter Organizations: CNN, UNESCO, UNESCO World Heritage, US, Guggenheim Museum, Heritage, Kazan Federal University Locations: Ohio, Riyadh, Saudi Arabia, Hopewell, Guatemala, Cheops, United States, Israel, American, New York, Yellowstone, Martinique, Kazan, Russia, France, Phrygia, Turkey, Gaya, South Korea, Denmark
Join CNBC's Tanvir Gill as she quizzes North of South Capital's Kamil Dimmich on investing in global stocks such as chip giant TSMC , Chinese tech behemoth Alibaba and South Korea's Samsung Electronics . These stocks and more are held in Dimmich's fund, the $1.5 billion Pacific North of South Emerging Markets All Cap Equity fund. The Pacific North of South EM All Cap Equity fund aims to outperform its benchmark, the MSCI Emerging Markets Index, by between 3% to 5% annually. Kamil has been at North of South Capital since 2009 and has managed the Pacific North of South EM All Cap Equity fund since 2017. Join CNBC Pro Talks on Wednesday, September 20, at 6:30 a.m. BST / 1:30 p.m. SGT / 1:30 a.m.
Persons: Tanvir Gill, Capital's Kamil Dimmich, Dimmich, Kamil, Berkshire Hathaway, Guy Spier, he's Organizations: Samsung Electronics, South Emerging, Equity, South Capital, CNBC, Nvidia, Big Tech, Apple Locations: U.S, South, North, Treasurys, Berkshire, A.I, China
CNN —A university observatory in Russia has been inscribed onto the UNESCO World Heritage List. The astronomical observatories of Kazan Federal University, located in the city of Kazan, were added to the esteemed list on Monday as UNESCO’s World Heritage Committee continued its deliberations in Riyadh, Saudi Arabia. New additionsEthiopia’s Bale Mountains National Park has been inscribed on the coveted UNESCO World Heritage List. ‘Outstanding universal value’Maison Carrée, an ancient Roman temple in Nîmes, southern France, was added to the World Heritage List. Dominique Marck/Ville de Nîmes/UNESCO World Heritage Nomination OfficeThe committee is to review the remaining nominations, which includes Ohio’s Hopewell Ceremonial Earthworks, over the next few days.
Persons: Bale, Daniel Rosengren, Ethiopia’s Bale, Mount Pelée, Maison Carrée, Dominique Marck, Sophia Cathedral, , CNN’s Marnie Hunter, Francesca Street Organizations: CNN, UNESCO, Kazan Federal University, Heritage Committee, Observatory, de Nîmes Locations: Russia, Kazan, Riyadh, Saudi Arabia, France, Phrygia, Turkey, Gaya, South Korea, Denmark, Odzala, Congo, Mount, Martinique, Nîmes, Ukraine, Kyiv, Pechersk, Lviv
Hardik Pandya bagged three wickets while Jasprit Bumrah claimed one as Sri Lanka registered their second lowest total in one-day internationals, lasting only 92 balls. India needed 6.1 overs to achieve the target for a timely boost before their home World Cup beginning next month. "It's like a dream," Siraj, who became only the fourth bowler to take four wickets in an over in ODIs, said after the Sri Lanka innings. "I got four early wickets last time I played Sri Lanka (earlier this year) but unfortunately I could not register a five-wicket haul. Bumrah removed Kusal Perera in the first over to trigger a collapse and the Sri Lanka batters looked helpless as Siraj breathed fire with the new ball.
Persons: Mohammed Siraj, Siraj, Pathum Nissanka, Sadeera, Charith, Dhananjaya de Silva, Hardik Pandya, Jasprit Bumrah, Kusal Perera, Kusal Mendis, Dushan Hemanta, Rohit Sharma, Ishan Kishan, Shubman Gill, Kishan, Gill, Chris Silverwood bemoaned, Amlan Chakraborty, Ken Ferris Organizations: Asia, Sri Lanka, Sri, Thomson Locations: COLOMBO, India, Sri Lanka, Australia, Chennai, New Delhi
CNN —UNESCO’s World Heritage Committee has wrapped up its deliberations related to sites that are in danger and began adding new sites on Saturday to its prestigious World Heritage List. Deliberations started Saturday considering 50 sites nominated for the well-known World Heritage List. Yurii Stefanyak/Global Images Ukraine/Getty ImagesThe World Heritage in Danger List includes heritage sites that are threatened by forces such as armed conflict, natural disasters, pollution and more. World Heritage ListAs discussions moved to contenders for the World Heritage List, the Forest Massif of Odzala-Kokoua in Congo was inscribed on Saturday. Sites must be of “outstanding universal value” to be added to the World Heritage List, according to UNESCO.
Persons: CNN —, Sophia Cathedral, Ukraine —, Mount Pelée, Yurii, Sophia, , , ” CNN’s Marnie Hunter, Francesca Street Organizations: CNN, Kyiv, UNESCO Locations: Ukraine, Kyiv, Pechersk, Lviv, Odzala, Congo, Mount, Martinique, Venice, Long, Ba, Ha Long, Denmark, Ohio
This year, the UNESCO World Heritage Committee is reviewing nominations from both 2022 and 2023, with participants from across the world attending the session in Riyadh, Saudi Arabia to examine almost 50 contenders. According to UNESCO, sites must be of “outstanding universal value” to be included on the World Heritage List. So far, the World Heritage Committee has inscribed approximately 1,157 sites in 167 different countries onto the World Heritage List. Seo Heun Kang/UNESCO World Heritage Nomination OfficeOnly those countries that sign the convention creating the World Heritage Committee and list are permitted to nominate sites. Gordion, the capital city of ancient Phrygia in Ankara, Turkey, is also nominated for a place on the UNESCO World Heritage List.
Persons: John E, Seo Heun Kang, Bale, Gordion, Mustafa Ciftci, Midas, Morten Rasmussen, Sarah Langrand, Dominique Marck, Bani Ma’arid, Bani Ma'arid, Hamad Al Qahtani, Koh Ker, Mount Pelée, Canada Bale, Francesca Street Organizations: CNN, UNESCO, United Nations Educational, Cultural Organization, UNESCO World Heritage, Heritage, World, Anadolu Agency, Danish Agency for Culture, Fine Arts Department, de Nîmes, National Center for Wildlife, Architectural Museum, Kazan Federal University, Khinalig, Tunisia ESMA Museum, Clandestine Center of Detention, Wooden Posts, Greece Historic Center of Guimarães Locations: Gaya, Denmark, Thai, Ohio, Riyadh, Saudi Arabia, Hancock, United States, Goryeong, South Korea, Addis Ababa, Phrygia, Turkey, Ankara, B.C.E, Madagascar, Si Thep, Thailand, Si, Nîmes, France, Gorokhovets, Russia, Vladimir Oblast, Erfurt, Germany, Cambodia, Khmer, Courland, Latvia, Kaunas, Lithuania, Ab’aj, Guatemala, India, Karakum, Tajikistan, Menorca, Spain, Ethiopia, Iran, Klondike, Canada, Czech, Odzala, Kokoua, Congo, Mount, Northern Martinique, Benin Ha Long, Ba Archipelago, Vietnam, Forests, Azerbaijan, Jericho, Palestinian Territories, Kazan, Tunisia, Argentina, Belgium, Suriname Royal, Netherlands, Anatolia, Bisesero, Rwanda, Yogyakarta, Indonesia, Masouleh, Turan, Kazakhstan, Turkmenistan, Uzbekistan, Northern Apennines, Italy, Tajikistan Highlands, Mongolian, Mongolia, Greece, Portugal
Finding the GameStop phenomenon: 'Dumb Money' hits theaters
  + stars: | 2023-09-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinding the GameStop phenomenon: 'Dumb Money' hits theatersCraig Gillespie, ‘Dumb Money’ director, and the film’s writers and executive producers Lauren Schuker Blum and Rebecca Angelo, join 'Squawk Box' to discuss the 'Dumb Money' film, which follows the 2021 GameStop phenomenon and the story of Keith Gill, also known as Roaring Kitty, who ignited a grassroots movement challenging Wall Street and the big banks in support of a stock he loved.
Persons: Craig Gillespie, , Lauren Schuker Blum, Rebecca Angelo, Keith Gill, Kitty Organizations: GameStop
There's Anthony Ramos' Marcus, a GameStop cashier, being lectured by his parents that this stock trading thing isn't real. Reddit versus Wall StreetMany social media traders discussed the meme stock moment in David vs Goliath terms — the retail traders versus the hedge funds. Several brokerages limited trading in meme stocks at the height of the meme stock mania. In the second quarter of 2019, before the meme stock mania began, the company generated about $1.3 billion in net sales. The AMC stock sales have diluted the holdings of individual shareholders, and the market cap of AMC is still down more than 50% from its peak.
Persons: Pete Davidson, Paul Dano's Keith Gill, Kitty, There's Anthony Ramos, Marcus, Jenny, hasn't, David, Gabe Plotkin, Seth Rogen, Capital, Robinhood, Chewy, Ryan Cohen, Matthew Furlong, shakeups, Adam Aron, Plotkin Organizations: Sony Pictures Entertainment, GameStop, YouTube, Ferrari, AMC Entertainment, AMC, SEC, Amazon, Wall Street titans, Charlotte Hornets
So after my school term ended I moved, along with a few dozen eager summer planters, to a bush camp outside of Hearst, roughly halfway between Toronto and James Bay. I had duct tape wrapped around each finger and on both heels to cover up the blisters. Perhaps the ethos was best captured by Charlotte Gill in “Eating Dirt,” her book about tree planting: “We didn’t make millions, and we didn’t cure AIDS. At my peak, I planted a few thousand saplings a day. After camp costs and taxes were deducted, I might clear $6,000 in a summer.
Persons: Charlotte Gill, Will Arnett, , , “ Let’s Locations: Ontario, Hearst, Toronto, James Bay, Canadian
Bangladesh upset India despite Gill ton
  + stars: | 2023-09-15 | by ( ) www.reuters.com   time to read: +1 min
Put into bat, Bangladesh overcame a top order wobble to post a competitive 265-8 with skipper Shakib Al Hasan topscoring for his side with a breezy 80. After Rohit Sharma elected to field, Bangladesh slumped to 59-4 before Shakib and Towhid Hridoy (54) steadied the ship. When they returned to defend the total, Tanzim Hasan Shakib claimed two wickets in his first two overs in international cricket to put India immediately under pressure. While wickets kept tumbling at one end, Gill stood tall amid ruins to keep India in the hunt. Mahedi Hasan ended Gill's 133-ball knock but Axar kept India on course until his dismissal in the penultimate over.
Persons: Shakib Al Hasan topscoring, Gill, Axar Patel, Virat Kohli, Jasprit, Kuldeep Yadav, Rohit Sharma, Towhid Hridoy, Nasum Ahmed, Mahedi Hasan, Tanzim Hasan Shakib, Axar, Amlan Chakraborty, Pritha Sarkar Organizations: Sri, Thomson Locations: COLOMBO, Bangladesh, Asia, India, Sri Lanka, Sunday's, New Delhi
CNN —A cruise ship carrying 206 passengers and crew has run aground on a remote stretch of Greenland and could potentially be stuck for days waiting for the nearest ship to arrive to help. The Ocean Explorer got into trouble on Monday in Alpefjord, a dramatic and rugged stretch of Northeast Greenland National Park, and has not been able to free itself, according to a statement from Denmark’s Joint Arctic Command (JAC). “As soon as we realized that the Ocean Explorer could not get free on its own, we sent a ship towards the wreck,” Arctic Commander Brian Jensen said. Jensen said the Ocean Explorer could still re-float on a high tide, but failing that, the Knud Rasmussen would assist. According to the statement, the Government of Greenland, the Danish Maritime Authority and the Danish Accident Investigation Board have been informed of the incident.
Persons: , Knud Rasmussen, Brian Jensen, , Jensen, Tamara Hardingham, Gill Organizations: CNN, Arctic Command, Aurora Expeditions, Command, Danish Maritime Authority, Danish Locations: Greenland, Alpefjord, Northeast Greenland, Government
Karthik Nachiappan, who researches Indian foreign policy at the National University of Singapore, noted that the country has a growing influence in the Global South, which is mainly made up of countries in Africa, Asia and Latin America. "Non-alignment has been a primary strategy that has covered Indian foreign policy through the decades," Nachiappan told CNBC. However, India's policy of non-alignment has incrementally transformed into a policy of multi-alignment over the years, Nachiappan added. Don McLain Gill, a geopolitical analyst at De La Salle University, says India has an independent approach to its foreign policy. But as the world becomes more polarized, India's foreign policy decisions will test the country's superpower ambitions.
Persons: it's, Karthik Nachiappan, Nachiappan, Don McLain Gill, Gill Organizations: National University of Singapore, CNBC, De La Salle University Locations: India, Germany, Japan, China, United States, Ukraine, Russia, Africa, Asia, Latin America
India in Asia Cup final after beating Sri Lanka
  + stars: | 2023-09-12 | by ( ) www.reuters.com   time to read: +3 min
Dunith Wellalage (5-40) wrecked India's top order while Charith Asalanka (4-18) mowed down the tail to restrict India to a below-par total. "It was a good game," India captain Rohit Sharma said after their victory. The target was modest but Sri Lanka were soon grappling with a collapse of their own. Kuldeep Yadav (4-43) struck in successive overs and Ravindra Jadeja removed home captain Dasun Shanaka to reduce Sri Lanka to 99-6. Wellalage and de Silva combined in a 63-run partnership to revive Sri Lanka but once Jadeja separated them, Sri Lanka collapsed in a heap.
Persons: India's Rohit Sharma, Peter Cziborra, Dunith Wellalage, Charith Asalanka, Sri Lanka's, Dhananjaya de Silva, Rohit Sharma, Rohit, Shubman Gill, Wellalage, Virat Kohli, Kohli, Ishan Kishan, Asalanka, Axar Patel's, Jasprit Bumrah, Kuldeep Yadav, Ravindra Jadeja, Dasun Shanaka, de Silva, Amlan Chakraborty, Toby Davis Organizations: Trent, Rights, Asia, Sri Lanka, Sri, Pakistan, 241st, KL, Thomson Locations: England, India, Nottingham, Britain, Pakistan, Lanka, Sri Lanka, New Delhi
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch the full CNBC interview with World Bank President Ajay BangaAjay Banga of the World Bank tells CNBC's Tanvir Gill that he sees no shortage of money pouring into investments for renewable energy projects. Speaking on the sidelines of the G20 leaders' summit in New Delhi, he also discusses the institution's expanded role.
Persons: Ajay Banga Ajay Banga, CNBC's Tanvir Gill Organizations: CNBC, World Bank, Bank Locations: New Delhi
The key takeaways of the G20 summit
  + stars: | 2023-09-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe key takeaways of the G20 summitCNBC's Martin Soong and Tanvir Gill report from New Delhi, discussing what the Group of 20 managed to achieve at its latest summit.
Persons: Martin Soong, Tanvir Gill Locations: New Delhi
World Bank president: China has been a very consistent partner
  + stars: | 2023-09-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWorld Bank president: China has been a very consistent partnerWorld Bank President Ajay Banga speaks to CNBC’s Tanvir Gill exclusively on the sidelines of the G20 leaders’ summit in Delhi.
Persons: Ajay Banga, CNBC’s Tanvir Gill Organizations: World Bank, World Locations: China, Delhi
From left, World Bank President Ajay Banga, Brazil's President Luiz Inacio Lula da Silva, India's Prime Minister Narendra Modi, South Africa's President Cyril Ramaphosa and U.S. President Joe Biden in New Delhi on Sept. 9, 2023. "There's no way there's enough money in the multilateral development bank, or even in governments ... that can drive the kinds of changes we need for this polycrisis. Biden backs World BankLeaders at the summit agreed that this isn't something the World Bank can tackle alone. The World Bank was created in 1944 to help rebuilding efforts in Europe and Japan after the Second World War. Both the World Bank and IMF have pledged to form a stronger partnership to help countries with their debt struggles, sustainability goals, and digital transition.
Persons: Joe Biden, Ajay Banga, Luiz Inacio Lula da Silva, Narendra Modi, Cyril Ramaphosa, Evan Vucci, CNBC's Tanvir Gill, Banga, Biden, Kristalina Georgieva, CNBC's Martin Soong, Georgieva Organizations: World Bank, World, India's, Afp, Getty, CNBC, Bank, IMF, White Locations: U.S, New Delhi, Europe, Japan, China, Ukraine, People's Republic, China's
TORONTO (AP) — Think of movies about the financial system and your mind is almost sure to go to Gordon Gekko and “Wall Street” or Leonardo DiCaprio’s gyrating Jordan Belfort in “The Wolf of Wall Street.”When Hollywood takes on Wall Street, it usually heads straight to the C-suite. In 2021, Gill’s enthusiastic endorsement of GameStop stock helped fuel a viral trading frenzy that rocked Wall Street and humbled the hedge funds that has shorted the brick-and-mortar video game company. Gillespie was able to follow the phenomenon thanks to his 24-year-old son, who had been involved with the subreddit Wall Street Bets. My son warned me: You got in too late.”Lauren Schuker Blum and Rebecca Angelo, two former Wall Street Journal reporters turned screenwriters, came on to write the script. They feel small, they feel powerless, they feel that the system is rigged,” says Angelo.
Persons: Gordon Gekko, Leonardo DiCaprio’s gyrating Jordan Belfort, Keith Gill, Paul Dano, , Pete Davidson, Seth Rogen, America Ferrara, Anthony Ramos, Shailene Woodley, Craig Gillespie, Tonya Harding, Tonya, Gillespie, Ben Mezrich, ” Mezrich, Mark Zuckerberg, David Fincher’s “, , ” Lauren Schuker Blum, Rebecca Angelo, , Blum, let’s, Ramos, Myha’la Herrold, Talia Ryder, Margot Robbie, Angelo, Megan Thee Stallion’s, ” Gill, Kitty, Gill, Jake Coyle Organizations: TORONTO, Hollywood, GameStop, Wall, Sony Pictures, Toronto, AMC Theaters, Ragtag, Amateur, Social, Wall Street Journal, Lawmakers, Twitter Locations: “ The, Brockton , Massachusetts, Belgian, Bath, Pittsburgh
Kohli, Rahul fire as India thump Pakistan in Asia Cup
  + stars: | 2023-09-11 | by ( ) www.reuters.com   time to read: +3 min
Sept 11 (Reuters) - India beat rivals Pakistan by 228 runs after Virat Kohli passed 13,000 in one-day internationals en route to his 47th century and KL Rahul marked his return from injury with a ton in a lopsided Asia Cup Super Four clash in Colombo on Monday. India spinner Kuldeep Yadav (5-25) ripped through Pakistan's lineup following a brief rain interruption after Jasprit Bumrah removed Imam-ul-Haq and Hardik Pandya castled the dangerous Babar Azam. Kohli and Rahul saw off the threat of Pakistan's pace attack, missing Rauf due to a right flank problem, and the duo targeted the spinners to post 356-2 in 50 overs. Rahul and Kohli's unbeaten 233-run partnership for the third wicket was the highest stand in the Asia Cup. India, whose group meeting with Pakistan in Pallekele this month was abandoned due to rain, take on Sri Lanka on Tuesday.
Persons: Virat Kohli, Rahul, Kohli, Naseem Shah, Haris Rauf, Kuldeep Yadav, Bumrah, Haq, Pandya, Babar Azam, Rohit Sharma, Shubman Gill, Rohit, Rauf, Kohli's, It's, we've, Iftikhar Ahmed, Shadab Khan, Shreyas, carting Faheem Ashraf, Shrivathsa Sridhar, Ken Ferris Organizations: Pakistan, Asia, Thomson Locations: India, Colombo, Pallekele, Sri Lanka, Bengaluru
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailILO chief: See open-mindedness from the West on immigration issuesGilbert Houngbo, director-general at the International Labour Organization, speaks to CNBC's Tanvir Gill at the G20 leaders' summit in Delhi.
Persons: Gilbert Houngbo, CNBC's Tanvir Gill Organizations: ILO, International Labour Organization Locations: Delhi
And there have been plenty of elegant looks on display, from Spanish model Eugenia Silva’s dramatic Armani Privé gown to Italian designer Pierpaolo Piccioli’s effortless white suit. Andreas Rentz/Getty ImagesSpanish model Eugenia Silva arrived in a dramatic pink feather coat and a black strapless gown by Armani Privé. Ernesto Ruscio/Getty ImagesDanish actress Amanda Collin wore matching Chanel separates on the red carpet for "Bastarden (The Promised Land)." Pascal Le Segretain/Getty ImagesModel Madisin Rian wowed in an all-white Armani Privé outfit. Luca Carlino/NurPhoto/ShutterstockItalian fashion journalist and former Vogue Japan editor-at-large Anna Dello Russo wore bright pink Armani Privé.
Persons: , Eugenia Silva’s, Pierpaolo, listers, Adam Driver, Ferrari ”, Enzo Ferrari, Ferrari, Stefania D'Alessandro, Jonica T, Gibbs, Chanel, Andreas Rentz, Barbara Palvin, Giorgio Armani, Eugenia Silva, Armani Privé, Franco Origlia, Dalle, Ernesto Ruscio, Amanda Collin, Pascal Le Segretain, Rian wowed, Armani, John Phillips, Valentino, Pierpaolo Piccioli, Toni Garrn, Alberta Ferretti, Luca Carlino, Anna Dello, Privé, Georgina Rodriguez, Cristiano Ronaldo, Pasquale Bruni, Alfonso Catalano, Bella Thorne, Dior, Sofia Coppola's, Priscilla, Elvis Presley's, Matteo Rasero, Jacob Elordi, Elvis Presley, Neelam Gill, Armani Privè, David Fisher, Leonie Hanne, Mahboobeh Bolandy, Serena de Ferrari, Stephane Cardinale, Corbis Organizations: CNN, Venice, Writers Guild of America, Screen Actors Guild, American Federation of Television, Radio Artists, SAG, Getty, Italian, Vogue Japan Locations: Venice, Spanish, Australian, Turkish
World Bank President: Tangible plans on G20 financing will come
  + stars: | 2023-09-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWorld Bank President: Tangible plans on G20 financing will comeWorld Bank President Ajay Banga speaks to CNBC's Tanvir Gill exclusively on the sidelines of the G20 leaders' summit in Delhi.
Persons: Ajay Banga, CNBC's Tanvir Gill Locations: Delhi
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInternational Solar Alliance: All G20 nations agreed for need on climate financingAjay Mathur, the director general of the International Solar Alliance, speaks to CNBC's Tanvir Gill about possible climate financing breakthroughs for developing nations at the G20 summit in Delhi.
Persons: Ajay Mathur, CNBC's Tanvir Gill Organizations: International, Alliance, International Solar Alliance Locations: Delhi
Asia and the rest of the world face "immense" challenges, and the Asian Development Bank must work with others to address those issues, its director general told CNBC on Friday. "The challenge that we are facing in this region and also globally, are immense, including climate change. "So this is a limitation for different countries to take more debt for their sustainable development and climate change." He said multilateral development banks "can and must take bold action to help address the challenges." "First of all, we need to ramp up our lending capacity ... but also, we need extra efforts to mobilize more money from private sector," he said.
Persons: Tomoyuki Kimura, CNBC's Tanvir Gill, Covid Organizations: Asian Development Bank, CNBC, ADB Locations: Asia, New Delhi
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