DIRS.INFO The most relevant business & tech news

☆ Want to avoid crowds while traveling? Here's the 'not hot' list for 2024
▼ + stars: | 2023-12-28 | by ( Quek Jie Ann | ) www.cnbc.com time to read: +5 min

Adventure travel company Intrepid Travel's new "Not Hot" list is out — spotlighting overlooked travel spots around the world. The 2024 list calls attention to two destinations in Asia, two in Europe and one in Central America. Source: Intrepid TravelUnlike Italy's tourist-saturated Positano, travelers visiting Corsica can "enjoy a more authentic, tranquil, and immersive experience ... without the overwhelming crowds," according to a press release by Intrepid Travel. Intrepid Travel recommends Panama for those who wish to "immerse themselves in local traditions, folklore, and contemporary arts ... that differs from the more European-centric cultural landscape," the press release stated. Source: Intrepid Travel

Persons: Matt Berna, Nick Lim, Lim, Gonzalo Azumendi, Emberá, David C Tomlinson Organizations: Intrepid, Americas, Intrepid Travel, CNBC Travel, UNESCO, Heritage, Euromonitor International, Japan National Tourism Organization, Korea Tourism Organization, The Travel Corporation, CNBC, Trip.com, La Amistad, Bank, Getty Locations: Asia, Europe, Central America, Corsica Corsica, France, Corsica, Seoul Tokyo, Singapore, Seoul, Korea, Intrepid Travel Tokyo, Tokyo, Panama Panama, Central American, Costa Rica, Colombia, Panama, Panama Viejo, Casco, Darien, La, Guna, Corfu Greece, Santorini, Mykonos, Kefalonia, Corfu, Greece, Split, Dubrovnik, Croatia, Borneo Borneo, Southeast Asia, Malaysia, Brunei, Indonesia, Kalimantan, Indonesian, Sarawak, Sabah, Borneo, Malaysian, Indonesian's Kalimantan

☆ India wants to host the Olympic Games in 2036. Is the country ready?
▼ + stars: | 2023-12-28 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +4 min

Labourers work beside the Olympic signage at the entrance of a venue ahead of the upcoming 141st International Olympic Committee (IOC) session in Mumbai on OCtober 11, 2023. In October, Prime Minister Narendra Modi announced that India plans to host the 2036 Games, reportedly saying it's the country's "age-old dream." Indonesia, Mexico, Turkey and Poland have also expressed their interest to host the Games in 2036. Reliance Industries, the country's largest private sector company, entered into a partnership with the Indian Olympic Association (IOA) last year. In 2011, after the games concluded, the chairman of the of the Commonwealth Games organizing committee, Suresh Kalmadi, was arrested for corruption and financial malpractice.

Persons: Indranil MUKHERJEE, INDRANIL MUKHERJEE, Indranil Mukherjee, Narendra Modi, Nita Mukesh Ambani, CNBC's Tanvir Gill, Ambani, Thomas Bach, Suresh Kalmadi, David Carter, Carter Organizations: 141st International Olympic Committee, AFP, Getty, Afp, India, Business, Reliance Foundation, Reliance Industries, Indian Olympic Association, Olympic Games, CNBC TV18, Olympic, Commonwealth Games, Guardian, BBC, Cricket, University of Southern, CNBC Locations: Mumbai, India, Indonesia, Mexico, Turkey, Poland, Delhi, University of Southern California

☆ Top China, U.S. military leaders hold first meeting in more than a year
▼ + stars: | 2023-12-22 | by ( Clement Tan | ) www.cnbc.com time to read: +4 min

Other Southeast Asian countries such as Brunei, Indonesia, Malaysia, and Vietnam also claim parts of the South China Sea. "The key to developing a healthy, stable, and sustainable military-to-military relationship is ... a correct understanding of China," China's Defense Ministry said in a readout of the Brown-Liu virtual call. China has consistently maintained its claim over self-governed Taiwan and the majority of the South China Sea. The U.S. has documented more than 180 coercive and risky air intercepts against its aircraft in the region between 2021 and 2023, according to its latest China Military Power Report. This includes their bilateral Defense Policy Coordination Talks, Military Maritime Consultative Agreement talks, and opening lines of communication between the leaders of the respective military commands in the South China Sea and the broader Pacific.

Persons: Cope, Charles Brown, Liu Zhenli, Joe Biden, Xi Jinping, General Brown, General Liu, Nancy Pelosi, Brown, Liu, — CNBC's Evelyn Cheng Organizations: Air Force, Clark Air Base, U.S, Joint Chiefs of Staff, Economic Cooperation, Biden, Beijing, U.S ., Defense Ministry, U.S . Defense Department, People's Liberation Army, Maritime, Eurasia Group Locations: Philippines, Mabalacat, Pampanga, Asia, San Francisco, Eurasia, China, Taiwan, Beijing, Singapore, Manila, South China, Brunei, Indonesia, Malaysia, Vietnam, United States, The Hague, U.S, South

☆ Vietnamese companies eye the U.S. IPO market amid a lull in Chinese listings
▼ + stars: | 2023-12-06 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

While not strictly an IPO, the listing was soon followed by Vietnamese tech unicorn VNG's filing to list on the Nasdaq. As local companies grow, "they are outgrowing the ability of those markets to provide the capital that they need," said Drew Bernstein, co-chairman of accounting firm MarcumAsia. Since the fallout over Didi in the summer of 2021, regulation and a tepid U.S. IPO market have stalled most Chinese listing plans. She said given the success of Southeast Asian ride-hailing company Grab , more Vietnamese companies are starting to look beyond the domestic market to regional business. George Chan, global IPO leader at EY, expects "a lot" of companies from Southeast Asia will reach the IPO stage in the next 12 to 18 months, and might also consider the Hong Kong exchange.

Persons: Scott Mlyn, VinFast, Johan Annell, VNG, Drew Bernstein, It's, Bernstein, who'd he'd, Didi, Gary Dvorchak, Blueshirt, Nguyen Nguyen, Vu Van, ELSA, Van, George Chan Organizations: New York Auto Show, CNBC BEIJING, U.S, Spade, Nasdaq, ARC Group, China -, Renaissance Capital, Investor, CNBC, World Bank, Southeast Asia — Locations: Asia, U.S, Vietnam, Beijing, Cayman Islands, Malaysia, China, China - U.S, Thailand, Indonesia, Singapore, Southeast Asia, Hong Kong

☆ Experts say they warned of dangers of climbing Indonesia's Mt. Marapi after 13 die in eruption
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +2 min

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

☆ I was slapped and called a sex worker, says flight attendant fired by Qatar Airways after wearing tinted moisturizer
▼ + stars: | 2023-12-05 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +4 min

A former Qatar Airways flight attendant said police targeted him for wearing items from Hermès. AdvertisementA former Qatar Airways flight attendant who was detained for using tinted moisturizer says an officer accused him of being a sex worker because he was wearing luxury clothing. Ignatius told BI. The following day, Ignatius said Qatar Airways confiscated his passport and that he was not allowed to leave the living quarters. He said he now works as a flight attendant with Jetstar, owned by Australia's Qantas.

Persons: Gilbert Ignatius, Ignatius, —, he's, Irving loafers, Kelly Organizations: Qatar Airways, Service, Criminal Investigation Department, Qatar's, South Metropolitan TAFE, Irving, BI, Jetstar, Australia's Qantas Locations: Qatar, Doha, Indonesia, Perth, Australia, Indonesian, Philippines

But industry experts say governments need to offer incentives for companies to bring sustainable AC technologies to market and scale up. Removing humidity requires cooling air to the point at which water vapour becomes a liquid to be drained. This inability to get rid of humidity without first cooling the air makes conventional ACs less efficient. The company's AC prototype uses these materials to dry out air, aiming to produce fewer emissions than traditional ACs. More than 1 billion people living in warm climates still lack access to cooling, according to nonprofit Sustainable Energy for All.

Persons: Pedro Rodriguez, Susana Vera, We've, Lily Riahi, Riahi, Sorin Grama, Grama, Gree, Daikin, Miki Yamanaka, Larissa Gross, UNEP's Riahi, Baolong Wang, Wang, Xavier Moya, Gloria Dickie, Katy Daigle, Simon Jessop, Josie Kao Organizations: Puerta del, REUTERS, Rights, International Energy Agency, United Nations Environment Programme's, Cool Coalition, Massachusetts Institute of Technology, Daikin's Global Environment Center, Sustainable Energy, Tsinghua University, University of Cambridge, Reuters, Thomson Locations: Puerta del Sol, Madrid, Spain, Seville, Europe, Spanish, Beijing, Indonesia, Britain, U.S

HONG KONG, Dec 5 (Reuters Breakingviews) - Why would the world’s largest battery maker want to sell shares when it’s already flush with liquidity? It ended June with 102 billion yuan ($14 billion) in net cash, Moody’s calculates. CATL has just started production at a new facility in Germany and is building a plant in Hungary, its first forays West. The company’s long-term loans have increased more than tenfold to more than 70 billion yuan and its long-term bonds by around a third to nearly 20 billion yuan since 2020, per Visible Alpha. But as Zeng’s electric dreams accelerate, he’ll want to be sure CATL’s own batteries are fully charged.

Persons: it’s, CATL, Robin Zeng, Breakingviews, Tesla, Antony Currie, Thomas Shum Organizations: Reuters, Hong, Thailand’s, Ford Motor, Technology, Thomson Locations: HONG KONG, Switzerland, CATL, Hong Kong, Shenzhen, China, Europe, Germany, Hungary, Fitch, Indonesia, Swiss

☆ Saudi Arabia offers tax breaks for companies moving regional HQs to Riyadh
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +2 min

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

☆ Netherlands returns colonial-era artefacts to Sri Lanka
▼ + stars: | 2023-12-05 | by ( Uditha Jayasinghe | ) www.reuters.com time to read: +2 min

[1/4] People view colonial-era artefacts that have been returned from the Netherlands, at the main Museum in Colombo, Sri Lanka December 5, 2023. Sri Lanka asked the Netherlands to return the artefacts after the Dutch government approved the restitution of historic objects in 2021. The artefacts were taken in 1765 from Kandy, the last kingdom of ancient Sri Lanka, when the Dutch besieged the palace, a statement from the Netherlands embassy said. Sri Lanka is grateful to the government and the people of the Netherlands for returning the artefacts, said Buddhasasana Religious and Cultural Affairs Minister Vidura Wickramanayake. The Netherlands returned over 300 artefacts to Indonesia earlier this year, according to its government.

Persons: Dinuka, Vidura Wickramanayake, Dewi Van de Weerd, Lord Elgin, Uditha, Alexandra Hudson Organizations: REUTERS, Rights, Cultural Affairs, National Museum, Sri, International Cultural Cooperation, British Museum, Alexandra Hudson Our, Thomson Locations: Netherlands, Colombo, Sri Lanka, Kandy, Great Britain, Indonesia, Britain, Greece, Elgin, Athens, Ottoman

“Each decade since the 1990s has been warmer than the previous one and we see no immediate sign of this trend reversing,” its secretary-general, Petteri Taalas, said. Experts are divided about one of the most important metrics: The rate of warming. University of Pennsylvania climate scientist Michael Mann has argued warming has been steadily increasing since 1990, but isn't speeding up. He warned that such warming is fueling increasingly dangerous extreme weather events, coastal flooding and many other “disastrous” impacts. Glaciers in Papua, Indonesia are likely to disappear altogether within the next decade,” WMO said.

Persons: Petteri Taalas, James Hansen, Michael Mann, ” Mann, ” Organizations: United Arab Emirates, United Nations, World Meteorological Organization, WMO, NASA, Warming, University of Pennsylvania, ” WMO, AP Locations: DUBAI, United Arab, Dubai, Papua, Indonesia, “, Africa, Kenya, Kilimanjaro, Greenland, Antarctica

"There cannot be any pressure on India to cut down emissions," India's power and renewable energy minister R.K. Singh said on Nov. 30. ASIAN EMISSIONS RISETo be sure, fast-growing Asia, home to half the world's population, accounts for three-fifths of global emissions from power generation, including from sectors exporting goods and services to the west. Despite challenges, Asia, along with Europe and North America, have cut the share of coal in power use, although at a slower pace. Cuts in nuclear power have slowed Europe and North America's fight to reduce emissions, although nuclear's share of their power mix remains well above Asia's. The share of gas in power generation has risen in the West, with the fuel accounting for a shrinking share in Asia.

Persons: Tingshu Wang, R.K, Singh, Hogeveen Rutter, Rutter, ISA's Rutter, Sudarshan Varadhan, Tony Munroe, Sonali Paul Organizations: Huawei, REUTERS, U.S, European Union, North America, International Solar Alliance, Reuters, WEST, North, Institute for Energy Economics, Thomson Locations: Shaanxi, China, Asia, SINGAPORE, America, Europe, India, North America, Paris, North, North America Asia, West Asia, West, Indonesia

☆ Indonesia Volcano Eruption Kills 11 Hikers, Spews Ash Nearly 2 Miles High
▼ + stars: | 2023-12-04 | by ( Jon Emont | Ismira Lutfia Tisnadibrata | ) www.wsj.com time to read: 1 min

Indonesia’s Mount Marapi volcano erupted on Sunday killing at least 11 climbers, according to the Associated Press. At least 75 climbers had started their way up the nearly 9,500-foot mountain on Saturday and became stranded. Photo: Ardhy Fernando/APDozens of Indonesian hikers were crowded near the top of Mount Marapi late Sunday morning, snapping selfies and admiring one of the most celebrated views on Sumatra island. A few hours later the volcano erupted, spewing ash and scorching volcanic rocks that killed at least 11 of them and injured many others as they fled down its steep slopes.

Persons: Ardhy Fernando, Mount Marapi Organizations: Associated Press, Mount Locations: Marapi

☆ Indonesia to bid again for U-20 World Cup after losing hosting rights
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Amr Alfiky Acquire Licensing RightsJAKARTA, Dec 4 (Reuters) - Indonesia will declare its interest to football's world governing body FIFA in jointly holding the 2025 Under-20 World Cup with Singapore, its president said on Monday, despite his country being stripped of the hosting rights to this year's tournament. Indonesia staged this year's U-17 contest, which concluded on Saturday, with Germany beating France on penalties. "The declaration of interest has been signed by PSSI and football association of Singapore," he told reporters, referring to Indonesia's football federation. Muslim-majority Indonesia was in March stripped of the rights to host the U-20 contest just seven weeks out from its start due to opposition from some government officials to the participation of Israel. The loss of hosting rights was a big setback in Indonesia, where football has a huge following, despite the lack of international success since qualifying for the 1938 World Cup as the Dutch East Indies.

Persons: Joko Widodo, Amr Alfiky, Israel, Ananda Teresia, Martin Petty, Kanupriya Kapoor Organizations: United Nations, Change, United Arab Emirates, REUTERS, Rights, FIFA, Singapore, PSSI, Israel, Senior, Argentina, Uruguay, Dutch, Thomson Locations: Dubai, United Arab, Rights JAKARTA, Indonesia, Germany, France, Singapore, Dutch East Indies

☆ Eleven climbers die in Indonesia after volcano erupts, 3 survivors found - official
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: 1 min

Mount Marapi volcano spews volcanic ash as seen from Nagari Sungai Pua, in Agam, West Sumatra province, Indonesia, December 3, 2023, in this photo taken by Antara Foto. Antara Foto/Septiyadi/via REUTERS Acquire Licensing RightsJAKARTA, Dec 4 (Reuters) - Indonesian rescuers have found the bodies of 11 climbers following the eruption of the Marapi volcano in West Sumatra, a spokesperson said on Monday, adding three climbers were found alive. The rescue official said 12 climbers were still missing. Reporting by Ananda Teresia; Editing by Martin PettyOur Standards: The Thomson Reuters Trust Principles.

Persons: Antara, Ananda Teresia, Martin Petty Organizations: REUTERS Acquire, Rights, Thomson Locations: Nagari Sungai Pua, Agam , West Sumatra, Indonesia, Rights JAKARTA, West Sumatra

BATU PALANO, Indonesia (AP) — Rescuers searching the hazardous slopes of Indonesia's Mount Marapi volcano found more bodies among the climbers caught by a surprise eruption two days ago, raising the number of confirmed and presumed dead to 23. More than 50 climbers were rescued after the initial eruption Sunday, and 11 others were initially confirmed dead. Another eruption Monday spewed a new burst of hot ash as high as 800 meters (2,620 feet) into the air and temporarily halted search operations. The bodies of five climbers have been recovered, and 18 are presumed dead because they were so close to the eruption of hot gases and ash. Marapi spewed thick columns of ash as high as 3,000 meters (9,800 feet) in Sunday's eruption and hot ash clouds spread for several kilometers (miles).

Persons: BATU, ” Mardianto, Marapi, Gobah Cumantiang, Edna Tarigan Organizations: Rescuers, West, Rescue Agency, Indonesia's Center, Volcanology, Associated Press Locations: BATU PALANO, Indonesia, Indonesia's Mount, West Sumatra, Rubai, Jakarta

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, GM, Uber, Carvana, Nike, Palo Alto & more
▼ + stars: | 2023-12-04 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Wells Fargo downgrades Lululemon to equal weight from overweight Wells said in its downgrade of the stock that it sees less balanced risk/reward. Morgan Stanley downgrades Sea Limited to equal weight from overweight Morgan Stanley downgraded the Singapore-based tech conglomerate until its business outlook is clearer. Morgan Stanley upgrades Insulet to overweight from equal weight Morgan Stanley initiated the insulin pump therapy company and said it sees room for further gains. Wells Fargo reiterates Nike as overweight Wells says Nike is a top defensive pick for 2024. Morgan Stanley reiterates Palo Alto as overweight Morgan Stanley said Palo Alto shares have the poten tial to rise further.

Persons: Morgan Stanley, Mizuho, Wells, LULU, Roth, Evercore, Piper Sandler, Piper, NVDA, Goldman Sachs, Goldman, it's bullish, KeyBanc, Worthington Enterprises –, TD Cowen, Coinbase, underperform TD Cowen, Oppenheimer, Uber, Truist, Herc, Palo Organizations: West Bancorp, Bank of America, Union Pacific, US Bancorp, Motors, Mizuho, GM, UAW, UBS, Apple, Deutsche Bank downgrades Anheuser Busch InBev, Deutsche, Deutsche Bank, Airlines, Alaska, " Bank of America, Google, Walmart, Nvidia, AMD, European Partners, Coke, JPMorgan, of America, Magellan, MMP, Arrowhead Pharmaceuticals, Arrowhead Pharma, Worthington Steel, Worthington Industries, Worthington Enterprises, Barclays, Resources, Herc Holdings, United Rentals, Nike, Palo Alto, Palo Locations: China, Singapore, Indonesia

☆ Eleven climbers killed as Indonesia volcano erupts, search on hold
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +1 min

[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

☆ Mount Marapi: 11 climbers killed, 12 missing following Indonesian volcano eruption
▼ + stars: | 2023-12-04 | by ( Heather Chen | ) edition.cnn.com time to read: +2 min

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

☆ Imagine a better climate pact than COP
▼ + stars: | 2023-12-04 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

It’s possible to imagine an alternative, better way to fight climate change. The snag is that China or the United States – which were responsible for 25% and 11% of greenhouse gases, respectively, in 2021 – would have to take the lead. All countries agreed to limit global warming to 2 degrees Celsius above pre-industrial times and to aim for 1.5 degrees. That’s the thinking behind the Just Energy Transition Partnerships that the United States and its allies have cut with Indonesia, Vietnam and South Africa. For example, Donald Trump, who as president pulled the United States out of the Paris Agreement, may return to the White House after next year’s elections.

Persons: Vladimir Putin, Xi Jinping, Donald Trump, Peter Thal Larsen, Thomas Shum Organizations: Reuters, of, UN, United, Rio Earth Summit, European, Reuters Graphics Reuters, China, African, Initiative, World Bank, Thomson Locations: Nations, Dubai, China, United States, Paris, U.S, Washington, Beijing, European Union, Japan, Canada, South Korea, United Kingdom, Russia, Russian, Xi Jinping . Washington, India, Brazil, Indonesia, African Union, Vietnam, South Africa

In this year's gleaming host city of Dubai, billboards advertise the benefits of wind energy, climate ambition and Exxon Mobil's (XOM.N) carbon capture projects. This is seen by some as a sign of success and by others as a dangerous distraction from the business of combating climate change as over nearly three decades global oil demand, carbon emissions and temperatures have marched steadily upward. "It's a lobby fest where polluters can schmooze with politicians, all under the guise of tackling climate change," Pascoe Sabido, a researcher at the Corporate Europe Observatory, which scrutinizes corporate influence on policy-making, said. Delegates walk at the Dubai's Expo City during the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, December 4, 2023. For daily comprehensive coverage on COP28 in your inbox, sign up for the Reuters Sustainable Switch newsletter here.

Persons: Exxon Mobil's, Pascoe Sabido, Alden Meyer, Meyer, Lisa Jacobson, Jacobson, Thaier, We're, –, Daniel Lund, Joko Widodo, COP28, Jake Schmidt, Darren Woods, General Antonio Guterres, Al Gore, Valerie Volcovici, Katy Daigle, Kate Abnett, Sarah McFarlane, Bernadette Christina, Richard Valdmanis, Alexander Smith Organizations: Exxon, Corporate, Observatory, United Nations, Business Council, Sustainable Energy, Global Strategic Communications Council, Change, United Arab Emirates, REUTERS, Natural Resources Defense, Exxon Mobil, Drillers, U.S, Reuters, Thomson Locations: DUBAI, Dubai, Berlin, The Hague, COP28, United Arab, Fiji, Indonesia, China, UAE

JOHANNESBURG—Wealthy nations are sending tens of billions of dollars to poorer ones for clean energy, the linchpin of a global strategy to cut greenhouse-gas emissions in the developing world. But two of the most ambitious efforts yet—in South Africa and Indonesia—are now at risk of unraveling, sowing doubts about the rich world’s ability to push developing countries away from coal and other fossil fuels.

Organizations: JOHANNESBURG — Locations: JOHANNESBURG, South Africa, Indonesia

☆ One dead, 11 missing in flash floods around Indonesia's Lake Toba
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +1 min

JAKARTA, Dec 3 (Reuters) - One person died and 11 were missing after flash floods hit near Lake Toba in Indonesia's North Sumatra province, the country's disasters agency BNPB said, with scores of people evacuated and rescue efforts underway. Heavy rain followed by flash floods on Friday evening hit the region located on the shores of the lake, damaging dozens of houses, a church, a school and a hotel, BNPB said in a statement on late Saturday. Lake Toba, the world's biggest volcanic lake, is a popular tourist destination for Indonesians and international visitors. The flash floods dragged large stones, trees and mud down hillsides, leaving some houses buried to the roof, pictures from the agency showed. Around 350 people using heavy equipment were carrying out search and rescue efforts, while about 200 people had been evacuated, the agency said.

Persons: BNPB, Bernadette Christina, Lincoln Organizations: Thomson Locations: JAKARTA, Lake Toba, Indonesia's North Sumatra, Lake

☆ Indonesia’s Marapi volcano erupts, blanketing surrounding towns with ash
▼ + stars: | 2023-12-03 | by ( Story Reuters | ) edition.cnn.com time to read: 1 min

How relevant is this ad to you? Video player was slow to load content Video content never loaded Ad froze or did not finish loading Video content did not start after ad Audio on ad was too loud Other issues

MANILA, Philippines (AP) — A powerful earthquake that shook the southern Philippines killed at least one villager and injured several others as thousands scrambled out of their homes in panic and jammed roads to higher grounds after a tsunami warning was issued, officials said Sunday. The Pacific Tsunami Warning Center said it expected tsunami waves to hit the southern Philippines and parts of Indonesia, Palau and Malaysia, but later dropped its tsunami warning. In Japan, authorities issued evacuation orders late Saturday in various parts of Okinawa prefecture, including for the entire coastal area, affecting thousands of people. My perfume bottles fell off a table, pictures on my wall swung and I heard people screaming outside: 'Get out, get out, earthquake, earthquake!”’ Isidoro said. Thousands of residents stayed outside their homes for hours in many towns due to the earthquake and tsunami scare, including in some that were drenched by an overnight downpour, officials said.

Persons: Shieldon Isidoro, Isidoro, ’ Isidoro, Gilberto Teodoro Jr, Teresito Bacolcol, Mari Yamaguchi Organizations: Geological Survey, Tsunami Warning, Associated Press, Defense, Philippine Institute of Locations: MANILA, Philippines, U.S, Indonesia, Palau, Malaysia, Japan, Okinawa, Tagum, Davao del Norte, Surigao del Sur, Davao Oriental, Surigao del Sur province

Search resuls for: "indonesia"

25 mentions found