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Taiwan's President Tsai Ing-wen poses for a photo with Taiwan's APEC representative and TSMC founder Morris Chang at a press conference in Taipei, Taiwan November 10, 2023. REUTERS/Ann Wang Acquire Licensing RightsTAIPEI, Nov 14 (Reuters) - Taiwan is working on securing a one-on-one meeting with U.S. President Joe Biden and the island's representative at this week's APEC summit in San Francisco, but there is no message planned for China, a senior Taiwanese official said. "The two sides are discussing related arrangements," Koo said when asked whether Chang plans to hold an one-on-one meeting with Biden at APEC. Tensions over Taiwan are likely to feature when Biden meets Chinese President Xi Jinping at the summit. Chang briefly met with Xi at last year's APEC summit in Bangkok, and discussed semiconductors with U.S. Vice President Kamala Harris.

Persons: Tsai Ing, Morris Chang, Ann Wang, Joe Biden, Wellington Koo, Biden, Koo, Chang, Xi Jinping, Xi, Tsai, Kamala Harris, Yimou Lee, Ben Blanchard, Michael Martina, Trevor Hunnicutt, Gerry Doyle Organizations: Taiwan's APEC, REUTERS, Rights, U.S, APEC, Economic Cooperation, Taiwan's National Security Council, U.S . State Department, Thomson Locations: Taipei, Taiwan, Rights TAIPEI, San Francisco, China, Asia, Beijing, Wellington, United States, Washington, U.S, Bangkok

☆ As Biden and Xi gear up for a high-stakes meeting, experts have low expectations
▼ + stars: | 2023-11-12 | by ( Megan Lebowitz | ) www.cnbc.com time to read: +8 min

Senior U.S. administration officials detailed a handful of agenda items during a briefing with reporters. "We're not talking about a long list of outcomes or deliverables," a senior administration official told reporters. Even in recent days, Chinese officials were hesitant to confirm that Xi would attend the meeting with Biden. Biden and Xi's meeting also comes in the lead-up to Taiwan's 2024 presidential election in January, followed by the U.S. election. "We've been clear publicly and privately that interference in the Taiwan election is something we're extremely concerned about," a senior administration official said.

Persons: Xi Jinping, Joe Biden, Xi, Colleen Cottle, Jude Blanchette, They've, Thomas Fingar, Fingar, Biden, Wang Wenbin, Karine Jean, Pierre, Jean, Oriana Skylar Mastro, Ely Ratner, Ratner, We've, we've, Li Shangfu, Li, David Sacks, Sacks, Xi's Organizations: Global China, Atlantic Council, Senior, Center for Strategic, International Studies, Stanford University, National Intelligence Council, White, U.S ., American Enterprise Institute, NBC News, Defense, Biden, China, Council, Foreign Relations, U.S, Washington Locations: Nusa Dua, Indonesian, Bali, U.S, China, Taiwan Strait, South China, San Francisco, People's Republic of China, Taiwan

☆ The UK AI summit's narrow focus on safety and existential risk means the real issues are being ignored, an AI ethicist says
▼ + stars: | 2023-11-02 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

The UK's AI safety summit kicks off on Wednesday. Several groups have criticized the UK government's focus on the existential risks of AI. AdvertisementAdvertisementThe UK's AI safety summit kicked off on Wednesday, but the event is already surrounded by criticism. Hickok is not the only one to raise concerns about the current rhetoric around AI safety. "The UK should not let the AI safety agenda displace the AI fairness agenda," she said.

Persons: —, Merve Hickok, AGI, Hickok, Rishi Sunak Organizations: Service, Center, AI, Policy

Sunak organized the first-ever AI Safety Summit as a forum for officials, experts and the tech industry to better understand “frontier” AI that some scientists warn could pose a risk to humanity’s very existence. Sunak has said that the U.K.'s approach should not be to rush into regulation but to fully understand AI first. Political Cartoons View All 1230 ImagesShe announced a new U.S. AI safety institute to draw up standards for testing AI models for public use. Sunak had proposed his own AI safety institute, with a similar role, days earlier. Musk is among tech executives who have warned that AI could pose a risk to humanity's future.

Persons: Kamala Harris, Rishi Sunak, Sunak, “, Harris, Antonio Guterres, Ursula von der Leyen, He's, Elon Musk, Musk, ” Musk, ” Sunak Organizations: — U.S, British, Safety, United Nations, European Union, U.S Locations: BLETCHLEY, England, London, China, South Korea, France, U.S, United Nations

☆ Elon Musk is coming to the UK's big AI safety party. Some people actually building AI say they got frozen out.
▼ + stars: | 2023-11-01 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

The UK's AI summit is underway. Some AI experts and startups say they've been frozen out in favor of bigger tech companies. They warn that the "closed door" event risks ensuring that AI is dominated by select companies. The UK's AI summit aims to bring together AI experts, tech bosses, and world leaders to discuss the risks of AI and find ways to regulate the new technology. "It is far from certain whether the AI summit will have any lasting impact," Ekaterina Almasque, a general partner at European venture capital firm OpenOcean, which invests in AI, told Insider.

Persons: Elon Musk, Sam Altman, —, OpenAI's Sam Altman, Brad Smith, Kamala Harris, Iris Ai, Victor Botev, Yann LeCun, Rishi Sunak, Ekaterina Almasque, Almasque, Goldman Sachs Organizations: Service, OpenAI's, Microsoft, Twitter, UK, Big Tech, UK government's Department for Science, Innovation, Technology, UK's Trades Union Congress, American Federation of Labor, Industrial Organizations, Summit Locations: OpenOcean

☆ Everything you're hearing right now about AI wiping out humans is a big con
▼ + stars: | 2023-11-01 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

Many are shrugging off the supposed existential risks of AI, labeling them a distraction. They argue big tech companies are using the fears to protect their own interests. The timing of the pushback, ahead of the UK's AI safety summit and following Biden's recent executive order on AI, is also significant. More experts are warning that governments' preoccupation with the existential risks of AI is taking priority over the more immediate threats. Merve Hickok, the president of the Center for AI and Digital Policy, raised similar concerns about the UK AI safety summit's emphasis on existential risk.

Persons: —, You've, there's, Yann LeCun, Altman, Hassabis, LeCun, LeCun's, OpenAI's Sam Altman, Anthropic's Dario Amodei, Andrew Ng, hasn't, Anthropic, Aidan Gomez, Merve Hickok, Hickok, Rishi Sunak, Michelle Donelan Organizations: Service, Google, CNBC, Stanford University, Australian Financial, Guardian, Center, AI

☆ The UK is gearing up for a pivotal summit on AI. Here's what you need to know
▼ + stars: | 2023-10-31 | by ( Ryan Browne | ) www.cnbc.com time to read: +10 min

Where it's being heldThe AI summit will be held in Bletchley Park, the historic landmark around 55 miles north of London. What it seeks to addressThe main objective of the U.K. AI summit is to find some level of international coordination when it comes to agreeing some principles on the ethical and responsible development of AI models. The British government wants the AI Summit to serve as a platform to shape the technology's future. They say that, by keeping the summit restricted to only frontier AI models, it is a missed opportunity to encourage contributions from members of the tech community beyond frontier AI. "By focusing only on companies that are currently building frontier models and are leading that development right now, we're also saying no one else can come and build the next generation of frontier models."

Persons: Rishi Sunak, Peter Nicholls, Rishi Sunak's, ChatGPT, Getty, codebreakers, Alan Turing, It's, Kamala Harris, Saul Loeb, Brad Smith, Sam Altman, Global Affairs Nick Clegg, Ursula von der, Emmanuel Macron, Joe Biden, Justin Trudeau, Olaf Scholz, Sunak, —, Xi Jinping, Biden, James Manyika, Manyika, Mostaque, we're, Sachin Dev Duggal, Carl Court Organizations: Royal Society, Carlton, Getty, U.S, Microsoft, Coppin State University, AFP, Meta, Global Affairs, Global Affairs Nick Clegg U.S, Ministry of Science, Technology European, Joe Biden Canadian, Britain, Afp, Getty Images Washington, U.S ., Google, CNBC, Big Tech Locations: London, China, Bletchley Park, British, America, Baltimore , Maryland, Chesnot, U.S, Nusa Dua, Indonesian, Bali, EU

AI developers, who "don't always fully understand what their models could become capable of," should not be “marking their own homework,” Sunak said. Political Cartoons View All 1218 ImagesHowever, “the UK’s answer is not to rush to regulate,” he said. Sunak's U.K. AI Safety Summit is focused on the risks from so-called frontier artificial intelligence - cutting edge systems that can carry out a wide range of tasks but could contain unknown risks to public safety and security. One of the summit's goals is to “push hard” for the first ever international statement about the nature of AI risks, Sunak said. Sunak also announced plans to set up an AI Safety Institute to examine, evaluate and test new types of artificial intelligence.

Persons: Rishi Sunak, it's, Sunak, shouldn’t, ” Sunak, ” Organizations: British, “, Safety, AI, United Nations Locations: State

☆ A CEO resigned after making remarks on Israel. He's a case study in failing to read the room.
▼ + stars: | 2023-10-26 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +6 min

Web Summit's CEO quit after appearing to accuse Israel of "war crimes," triggering backlash online. In his first post on the subject, Cosgrave seemed to accuse Israel of war crimes. "War crimes are war crimes even when committed by allies, and should be called out for what they are." Proceed with cautionMany of the high-profile CEOs who have commented on the conflict so far have explicitly condemned Hamas and supported Israel. "If you have no connection to Israel, what is the point in mouthing off about political issues now?"

Persons: Execs, Israel, —, Paddy Cosgrave, Cosgrave, I'm, Ireland's, Bill Kissane, Google's, Paul Argenti, Argenti Organizations: Service, Intel, Web, The London School of Economics, Political, Britain, Palestinian Liberation Organization, Web Summit, Google, Microsoft, Siemens, Israel, Tuck School of Business Locations: Israel, Lisbon, Ireland, Northern Ireland, mouthing

☆ Web Summit CEO resigns after recent comments on Israeli conflict
▼ + stars: | 2023-10-21 | by ( ) www.reuters.com time to read: 1 min

Web Summit's CEO Paddy Cosgrave talks on a stage during the opening of the Web Summit technology conference, in Rio de Janeiro Brazil May 1, 2023. REUTERS/Ricardo Moraes/File photo Acquire Licensing RightsOct 21 (Reuters) - Web Summit Chief Executive and founder Paddy Cosgrave on Saturday resigned after comments he made on the Israeli-Hamas conflict prompted some technology companies and investors to withdraw plans to attend its conference in Portugal next month. "Unfortunately, my personal comments have become a distraction from the event, and our team, our sponsors, our startups and the people who attend," Cosgrave said in a statement. Reporting by Maria Ponnezhath in BengaluruOur Standards: The Thomson Reuters Trust Principles.

Persons: Paddy Cosgrave, Ricardo Moraes, Cosgrave, Maria Ponnezhath Organizations: Rio de Janeiro Brazil, REUTERS, Thomson Locations: Rio de Janeiro, Portugal, Bengaluru

☆ Web Summit CEO resigns after apologizing for Israel-Hamas war comments
▼ + stars: | 2023-10-21 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +1 min

Paddy Cosgrave, the CEO and co-founder of annual tech conference Web Summit, has resigned from his post after coming under fire for his comments on the Israel-Hamas war, leading Big Tech guests like Alphabet , Meta and Amazon to cancel their attendance. "Unfortunately, my personal comments have become a distraction from the event, and our team, our sponsors, our startups and the people who attend," Cosgrave said in a statement on Saturday. This year's conference is scheduled for Nov. 13 to Nov. 16 and is set to take place in Lisbon, Portugal. The day after he posted on X, Cosgrave issued an apology on Web Summit's blog, saying he understood that the timing of his comments "caused profound hurt." "What is needed at this time is compassion, and I did not convey that," Cosgrave said in the apology.

Persons: Paddy Cosgrave, Cosgrave Organizations: Big Tech Locations: Israel, Gaza, Lisbon, Portugal

☆ CEO apologizes for Israel remarks after 4 days of backlash and conference dropouts
▼ + stars: | 2023-10-17 | by ( Hasan Chowdhury | Jyoti Mann | ) www.businessinsider.com time to read: +5 min

The founder of tech conference Web Summit apologized for "profound hurt" over his Israel remarks. AdvertisementAdvertisementThe founder of European tech conference Web Summit has apologized for the "profound hurt" caused by his comments criticizing the West's support for Israel, which triggered several high-profile withdrawals from the event. AdvertisementAdvertisementGil Dibner, general partner at Angular Ventures, said it was "a time that calls for moral clarity" after canceling his speaking engagement at Web Summit. Dropouts increased, and within 24 hours the number of Israel-based speakers at Web Summit dropped from at least five to zero, according to Insider analysis. Other speakers lined up for Web Summit include Meta's Nick Clegg, as well as comedian Amy Poehler and actor Joseph Gordon-Levitt.

Persons: Israel, Paddy Cosgrave, —, I'm, Garry Tan, Ravi Gupta, Cosgrave, State Anthony Blinken, Moshiel Biton, hadn't, Biton, Gil Dibner, Nick Clegg, Amy Poehler, Joseph Gordon, Levitt, Benjamin Netanyahu Organizations: Service, Israel, Sequoia Capital, State, Web, Angular Ventures, Web Summit, Hamas, West Bank Locations: Gaza, Hamas, Lisbon, Portugal, Israel

☆ Tech leaders are pulling out of a CEO's conference over remarks he made about Israel
▼ + stars: | 2023-10-16 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +6 min

"War crimes are war crimes even when committed by allies, and should be called out for what they are." War crimes are war crimes even when committed by allies, and should be called out for what they are. Israel's ambassador to Portugal, Dor Shapira, announced Monday that his country would no longer participate in the Web Summit conference as a result of Cosgrave's "outrageous statements." AdvertisementAdvertisement"We are saddened to hear that some Israelis in the tech community will no longer be attending Web Summit," a spokesperson said. "To repeat: War crimes are war crimes even when committed by allies & should be called out for what they are," Cosgrave wrote.

Persons: Israel, —, Paddy Cosgrave, I'm, Cosgrave, I’m, — Paddy Cosgrave, Dor Shapira, Shapira, Garry Tan, Y, Goshen, Ravi Gupta, Keith Peiris, Tome, Adam Singolda, David Marcus Organizations: Tech, Service, Web, AI21 Labs, Sequoia, PayPal, Web Summit, Hamas Locations: Europe, Israel, Irish, Lisbon, @paddycosgrave, Portugal, Goshen, Gaza, Palestinian

☆ Nvidia cancels AI Summit in Tel Aviv following Hamas attack on Israel
▼ + stars: | 2023-10-09 | by ( Hayden Field | ) www.cnbc.com time to read: +2 min

Nvidia canceled its AI conference in Tel Aviv next week due to safety concerns, as Israel ordered a siege of Gaza following the Hamas attack on Israel over the weekend. Nvidia had scheduled its in-person AI summit, with a keynote by CEO Jensen Huang, for Oct. 15 and 16 in Tel Aviv, billing the event as "the #1 conference for developers, business leaders, and AI researchers." Nvidia, the world's largest AI chipmaker, can't keep up with industrywide demand for its chips. Most of the summit's planned speakers are key figures at Nvidia, such as Kimberly Powell, vice president of health care; Deepu Talla, vice president of embedded and edge computing; and Gilad Shainer, senior vice president of networking and high-performance computing. "We regret to inform you that due to the current situation in Israel, we have decided to cancel AI SUMMIT," Nvidia announced on the event's website.

Persons: Jensen Huang, Kimberly Powell, Deepu Talla, Gilad Shainer Organizations: Nvidia, Revenue, CNBC, supercomputing, Microsoft, Amazon Web Services, Lenovo Locations: Tel Aviv, Israel, Gaza

Western officials saw the summit with North Korea as an effort by Putin to secure a potential arms bonanza for his military. North Korea also could increase its ammunition production at Russia’s behest. Yang Uk, a security expert at South Korea’s Asan Institute for Policy Studies, noted that in addition to Soviet-designed armaments, North Korea also could share some of its latest military equipment. “There isn’t really much left in the policy toolbox in terms of addressing the challenges specifically from Russia and North Korea,” Park observed. It’s just basically not implementing sanctions.”A major factor Russia needs to consider while it seeks to expand ties with North Korea is China, Pyongyang's No.

Persons: Vladimir Putin, Kim Jong Un, Putin, Kim, Josef Stalin, Kim Il Sung, ”, John Park, Harvard Kennedy, it’s, James O’Brien, James Nixey, Volodymyr Zelenskyy, “, Yang Uk, ” Yang, Leif, Eric Easley, “ Putin, ” Nixey, Antonio Guterres, “ It’s, It’s, Danica Kirka, Emma Burrows, Kim Tong, hyung, Kim Hyung Organizations: North, Putin, Harvard, U.S . State Department, Chatham House, South Korea’s Asan Institute, Policy Studies, Ewha University, U.S, Observers, Associated Press Locations: Pyongyang, Ukraine, Moscow, Asia, Korean, Korea, Russia, North Korea, ”, “, Eurasia, London, U.S, Central, Eastern Europe, South Korea’s, Soviet, Vostochny, Seoul, China, South Korea, Europe, Washington, russia, ukraine

South Dakota regulators on Monday rejected a permit application for a proposed carbon dioxide pipeline through the state, dealing a fresh setback to the company behind the multistate project after North Dakota refused a siting permit for another leg there. The decision complicates an already complex process for Summit Carbon Solutions as it seeks similar authorization in other states amid opposition from landowners and environmental groups. Political Cartoons View All 1152 ImagesThe South Dakota panel's vote came on a motion made Friday by commission staff. They said Summit's proposed route would violate county ordinances involving setback distances. North Dakota regulators last month denied Summit a siting permit for its 320-mile (515-kilometer) proposed route through the state.

Persons: Summit, Summit's, Kristen Edwards, Brett Koenecke, Gary Hanson, ” Hanson, Lee Blank, Koenecke, Brian Jorde, ” Organizations: North Dakota, South Dakota Public Utilities Commission, Carbon Solutions, ”, Summit, Iowa Utilities Board, Public Service Commission Locations: Dakota, North, Iowa , Minnesota , Nebraska, North Dakota, South Dakota, ”, Omaha, . Minnesota, Minnesota, Fergus Falls

[1/5] U.S. President Joe Biden visits the Raj Ghat memorial with Prime Minister of India Narendra Modi and other G20 leaders, Sept. 10, 2023, in New Delhi. "Everything was reflected in a balanced form," Svetlana Lukash, the Russian G20 sherpa, or government negotiator, was quoted as saying by Russian news agency Interfax. "All members of the G20 have agreed to act as one in the interests of peace, security and conflict resolution around the world." The summit also admitted the African Union which includes 55 member states, as a permanent member of the G20. Russia's 2022 invasion of Ukraine has left tens of thousands dead, displaced millions and sown economic turmoil across the world.

Persons: Joe Biden, India Narendra Modi, Kenny Holston, Jake Sullivan, White, Biden, Russia's Lavrov, Li, Svetlana Lukash, Olaf Scholz, Rishi Sunak, Emmanuel Macron, Fumio Kishida, Mahatma Gandhi, Gandhi, Sergei Lavrov, Li Qiang, Xi Jinping, Russia's Vladimir Putin, Krishn Kaushik, Sanjeev Miglani, Raju Gopalakrishnan, Jacqueline Wong Organizations: REUTERS Acquire, White, Russian G20, House, British, Russian, European Union, Thomson Locations: India, New Delhi, Vietnam, DELHI, Russia, U.S, Moscow, Ukraine, Russian, Germany, Britain, Brazil, South Africa

☆ EU's Michel says hard to predict if G20 can agree on declaration
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +2 min

[1/5] European Council President Charles Michel attends a press briefing ahead of the G20 Summit in New Delhi, India, September 8, 2023. REUTERS/Amit Dave Acquire Licensing RightsNEW DELHI, Sept 8 (Reuters) - It is difficult to predict if leaders of the G20 grouping gathering for a summit in New Delhi this weekend can reach consensus on a declaration, European Council President Charles Michel said on Friday. "It's difficult to predict if it will be possible to have an agreement on the declaration," Michel told a press conference in the Indian capital. He added, "I don't intend to say something that will make the efforts more difficult. Reporting by Manoj Kumar, Chris Thomas; Writing by Shivam Patel; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

Persons: Charles Michel, Amit Dave, Michel, Vladimir Putin, Xi Jinping, Sergei Lavrov, Li Qiang, Manoj Kumar, Chris Thomas, Shivam Patel, Clarence Fernandez Organizations: European, REUTERS, Beijing, European Union, EU, UN, Thomson Locations: New Delhi, India, DELHI, Ukraine, Russia, China, Moscow, Russian

South Dakota regulators on Wednesday denied a construction permit for a carbon dioxide pipeline project, one month after a North Dakota panel did the same to a similar project by another company. The South Dakota Public Utilities Commission voted unanimously to deny Navigator's application for its Heartland Greenway pipeline. The proposed South Dakota route encompassed 112 miles (180 kilometers) and would serve three ethanol plants. Other states continue to weigh Summit's project, which would encompass a 2,000-mile network from 30-some ethanol plants throughout Iowa, Minnesota, Nebraska, North Dakota and South Dakota to an underground storage site in North Dakota. Summit this week withdrew its applications to Oliver County for two permits related to construction of injection wells for its underground CO2 storage site in central North Dakota.

Persons: Kristie Fiegen, Brian Jorde, It's, Oliver, Jaden Schmidt, Sabrina Ahmed Zenor, Oliver County's Organizations: The South Dakota Public Utilities Commission, Summit Carbon Solutions, Navigator, The Iowa Utilities Board, Dakota's Public Service Commission Locations: Dakota, Illinois , Iowa, Minnesota , Nebraska, South Dakota, Illinois, The, Heartland, Iowa, Midwest, Iowa , Minnesota , Nebraska, North Dakota, Oliver County, Summit, Oliver

☆ Hundreds of millions pledged for African carbon credits at inaugural climate summit
▼ + stars: | 2023-09-04 | by ( Duncan Miriri | ) www.reuters.com time to read: +5 min

Companies Climate FollowVitol SA FollowNAIROBI, Sept 4 (Reuters) - An initiative to boost Africa's carbon credit production 19-fold by 2030 drew hundreds of millions of dollars of pledges on Monday as Kenyan President William Ruto opened the continent's first climate summit. In one of the most anticipated deals, the United Arab Emirates (UAE) committed to buying $450 million of carbon credits from the Africa Carbon Markets Initiative (ACMI). "There hasn't been any success for an African country in attracting climate finance," said Bogolo Kenewendo, a United Nations climate adviser and former trade minister in Botswana. Many African campaigners have opposed the summit's approach to climate finance, and about 500 people marched in downtown Nairobi on Monday to protest. They say carbon credits are a pretext for continued pollution by wealthier countries and corporations, who should instead pay their "climate debt" through direct compensation and debt relief.

Persons: William Ruto, Ruto, Bogolo Kenewendo, Bogolo, Kevin Kariuki, Patricia Scotland, Esa Alexander, we've, Hassan Ghazali, Britain, Sultan Al Jaber, COP28, Duncan Miriri, Simon Jessop, Jefferson Kahinju, Aaron Ross, Hereward Holland, Angus MacSwan, Susan Fenton Organizations: United Arab Emirates, Africa Carbon Markets, United, African Development Bank, Reuters, International Monetary Fund, REUTERS, Climate Asset Management, HSBC Asset Management, Debt, Green, Thomson Locations: NAIROBI, UAE, Nairobi, Africa, United Nations, Botswana, Muloza, Mozambique, Blantyre, Malawi, Liberia, Tanzania, Germany, Kenya

☆ African climate summit seeks to shift focus to finance from floods, famine
▼ + stars: | 2023-08-31 | by ( Duncan Miriri | ) www.reuters.com time to read: +5 min

A report last year by the non-profit Climate Policy Initiative found Africa has received only 12% of the finance it needs to cope with climate impacts. The thousands of delegates are expected to debate solutions ahead of a U.N. climate summit next month in New York in September and the COP28 U.N. summit in the United Arab Emirates from the end of November. The summit's organisers also say they expect deals worth hundreds of millions of dollars to be concluded in Nairobi. In June, it hosted an auction where companies from Saudi Arabia bought more than 2.2 million tonnes of carbon credits. One project generating carbon credits in Kenya is BURN Manufacturing's production of clean cooking stoves to replace heavily polluting wood and charcoal-based fires.

Persons: Finbarr O'Reilly, Soipan Tuya, Amos Wemanya, Chris McKinney, Joseph Ng'ang'a, Duncan Miriri, Christophe Van Der, Aaron Ross, Barbara Lewis Organizations: REUTERS, Rights, Initiative, Kenyan Environment, United, United Arab Emirates, Kenya, Africa Carbon Markets, Thomson Locations: Haute Uele, Congo, Rights NAIROBI, Africa, Nairobi, New York, United Arab, Gabon, Saudi Arabia, Kenya, Egypt

☆ The BRICS summit ended with no new currency and all 5 members issuing differing and contradictory commentary on de-dollarization
▼ + stars: | 2023-08-28 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

De-dollarization was a closely watched topic amid the BRICS summit last week. He said at a previous international meeting in July that it was important to establish an "independent financial system" based on local currency trade. But these international arrangements, trading arrangements, payment arrangements, these have been in place for a long time." AdvertisementAdvertisementInstead, South Africa appears to veer toward increasing the bloc's trade in local currencies. The economist who coined the term BRICS slammed the idea altogetherJim O'Neill, a former Goldman Sachs economist who first gave the BRICS bloc its name, has slapped down the idea of a common BRICS currency.

Persons: dollarization, SWIFT, Luiz Inacio Lula da Silva, Putin, Vladimir Putin, I'm, Hardeep Singh Puri, Puri, Xi, Xi Jinping, Enoch Godongwana, Paul Mashatile, Jim O'Neill, Goldman Sachs, O'Neill Organizations: Service, United, United Arab Emirates, Times, CNBC, Bloomberg, Financial Times Locations: Wall, Silicon, South Africa, Brazil, Russia, India, China, Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, United Arab, New Delhi, Johannesburg, South

Delegates walk past the logos of the BRICS summit during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa on August 23, 2023. WHY DOES LULA WANT A BRICS CURRENCY? A BRICS currency "increases our payment options and reduces our vulnerabilities," he told the summit's opening plenary session. In July, India's foreign minister said, "there is no idea of a BRICS currency". WHAT ARE THE CHALLENGES OF SETTING UP A BRICS CURRENCY?

Persons: GIANLUIGI, Luiz Inacio Lula da Silva, LULA, doesn't, Vladimir Putin, Xi Jinping, Lesetja Kganyago, you've, Kganyago, Herbert Poenisch, Putin, Rachel Savage, Ethan Wang, Marcela Ayres, Gabriel Stargardter, Naomi Rovnick, Libby George, Marc Jones, John Stonestreet Organizations: REUTERS Acquire, Rights, Mercosur, South, Zhejiang University, Federal Reserve, FX, International Monetary Fund, Bank of International, Thomson Locations: Sandton, Johannesburg, South Africa, Rights JOHANNESBURG, Brazil, Russia, India, China, Russian, videolink, African, Ukraine, Beijing, Brasilia, Rio de Janeiro, London

A corn field waiting to be harvested near Defiance in Shelby County, Iowa, one of the counties on the route of Summit Carbon Solutions' proposed pipeline. REUTERS/Lucas Jackson/File Photo Acquire Licensing RightsAug 22 (Reuters) - Iowa residents living along the route of the U.S.'s largest proposed carbon capture and storage (CCS) pipeline told state regulators they were worried about possible ruptures and land takings at the start of a hearing that will determine the fate of the project. The hearing, which could last weeks, is a major test for the $5.5 billion pipeline proposed by Iowa-based Summit Carbon Solutions, and for CCS, which the administration of U.S. President Joe Biden sees as a critical tool in fighting climate change. Jessica Marson told the board she feared the pipeline could rupture and that its construction could harm her 80 acres of cropland. Summit told Reuters it has secured agreements from nearly 75% of residents along its Iowa route, accounting for 499 miles, and that it is working to sign on the 480 remaining landowners.

Persons: Lucas Jackson, Joe Biden, Jessica Marson, Leah Douglas, Andy Sullivan Organizations: Carbon Solutions, REUTERS, U.S, CCS, The Iowa Utilities Board, Summit, Reuters, Sierra Club, Iowa Farm Bureau, Fort Dodge . Summit, Thomson Locations: Defiance, Shelby County , Iowa, Iowa, Midwest, North Dakota, Summit, Fort Dodge

☆ Factbox: BRICS summit 2023: What's likely to be discussed?
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +4 min

Putin will participate in the summit virtually and will be represented in Johannesburg by Foreign Minister Sergei Lavrov. BRICS EXPANSIONThe leaders are divided over the expansion of the bloc by adding new members, including the admission criteria. BRICS BANKThe group is also expected to discuss how to boost local currency fundraising and lending within the New Development Bank (NDB), or so-called BRICS bank. While the NDB, which was established in 2015, is still looking at the potential use of alternative currencies, there will be no talk about a common BRICS currency during the summit, South Africa's senior BRICS diplomat said. 'FRIENDS OF BRICS'The last day of the summit is expected to focus on talks with leaders from other countries.

Persons: Aly, Cyril Ramaphosa, Xi Jinping, Luiz Inacio Lula da Silva, Narendra Modi, Vladimir Putin, Putin, Sergei Lavrov, Enoch Godongwana, BRICS, Naledi Pandor, Emmanuel Macron, Macron, Pandor, Anait Miridzhanian, Olivia Kumwenda, Tim Cocks, Nick Macfie Organizations: New Development Bank, REUTERS, Rights, Indian, International, Africa's Finance, Federal Reserve, United Arab, South African Foreign, Ukraine, Continental Free Trade Area, Thomson Locations: Shanghai, China, Rights JOHANNESBURG, Brazil, Russia, India, South Africa, Johannesburg, Ukraine, Saudi Arabia, Iran, United Arab Emirates, Argentina, Indonesia, Egypt, Ethiopia, BRICS, United States, South, Bangladesh, Uruguay, Algeria, Honduras, Zimbabwe, Africa, Latin America, Asia, Caribbean, France, Russian

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