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ATHENS, Nov 28 (Reuters Breakingviews) - There will be no joy if countries get help for climate damage from a fund promised at COP27, but the planet still fries. Call this a country’s “above average emissions“. When you run the numbers from 1992 to 2019, America is the biggest polluter, responsible for 44% of all the “above average emissions”. DYNAMIC FORMULAIt seems fair to look at above average emissions to date when judging who should pay for a current climate disaster, such as the flooding in Pakistan. If one froze the formula on the basis of above average emissions up to now, countries wouldn’t have an incentive to cut their pollution.

☆ India and China are still snapping up Russian oil — but they are demanding huge bargains which is hitting Kremlin's war chest
▼ + stars: | 2022-11-28 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

India and China now account for two-thirds of seaborne Russia crude oil exports. As major customers, they are demanding huge discounts from Russia, hitting Kremlin's war chest. India and China now account for about two-thirds of all Russian seaborne crude-oil exports, and as major customers, they are demanding massive discounts for their purchases, Bloomberg's oil strategist Julian Lee wrote on Sunday. That is also why Washington doesn't appear to be too worried about India and China's huge purchase of Russian oil, even if they pay prices above a G7 imposed price cap. Russian oil "is going to be selling at bargain prices and we're happy to have India get that bargain or Africa or China.

☆ INDIA RUPEE Rupee recovers, premiums fall below critical level
▼ + stars: | 2022-11-28 | by ( Nimesh Vora | ) www.reuters.com time to read: +1 min

MUMBAI, Nov 28 (Reuters) - The Indian rupee recovered its opening losses to end largely flat against the dollar, while forward premiums declined more to slip below a key level. Indian equities reaching a record high and a fall in oil prices further helped the rupee. Foreign investors have poured in almost $4 billion into Indian equities so far this month. Rupee forward premiums extended their recent decline with the 1-year implied yield falling below 2% for the first time in over ten years. The fall in the overnight cash USD/INR swap rate was among the main reasons for the fall in forward premiums, according to traders.

The G7, including the United States, as well as the whole of the European Union and Australia, are planning to implement the price cap on sea-borne exports of Russian oil on Dec. 5. India has emerged as the second-largest single buyer after China of Russian oil since the conflict began in February. Indian refiners have taken the place of refiners in countries that have imposed sanctions on Russian crude imports, or have steered clear of Russian crude to avoid negative publicity. That means even the delivered cargoes are about the same level as the price cap. The U.S. Treasury guidance does not allow buyers in countries that have imposed sanctions on Russian crude imports, such as in the United States and the European Union, to buy Russian oil even under the price cap.

☆ Dubai's main airport raises 2022 passenger forecast
▼ + stars: | 2022-11-22 | by ( Yousef Saba | ) www.reuters.com time to read: +1 min

DUBAI, Nov 22 (Reuters) - Dubai's main airport on Tuesday raised its passenger forecast for this year by nearly two million to 64.3 million people after a strong pick up in business in the third quarter from the same period last year. The Gulf hub has seen more than 46.3 million passengers so far this year, up 168% year-on-year, and about 72% of its traffic in the same nine months of 2019, before the pandemic. London was the top destination city in the third quarter, with two million passengers, followed by Riyadh and Mumbai. India was the top country destination, with 6.8 million passengers, followed by Saudi Arabia, Britain and Pakistan. Reporting by Yousef Saba; Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Climate justice gets harder as world population passes 8 billion
▼ + stars: | 2022-11-15 | by ( Gloria Dickie | ) www.reuters.com time to read: +4 min

These are also among the countries most vulnerable to climate impacts, and most in need of climate finance. "A SIGN OF HUMAN SUCCESS"Globally, the 8 billion population milestone represents 1 billion people added to the planet in just the last 11 years. Even while the global population reaches ever-new highs, demographers note that the growth rate has fallen steadily to less than 1% per year. "A big part of this story is that this era of rapid population growth that the world has known for centuries is coming to an end," Wilmoth said. Rapid population growth combined with climate change is likely to cause mass migration and conflict in coming decades, experts said.

☆ A fund manager who oversees $14 billion in equities breaks down why emerging markets offer attractive growth opportunities even during a worldwide economic slowdown — and shares his top 7 foreign stoc
▼ + stars: | 2022-11-15 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

Vontobel's Ramiz Chelat says that certain emerging markets can weather a global economic slowdown. Chelat is particularly bullish on the economies of India, Indonesia, and Brazil. While domestic investors have their hands full with potential recession, portfolio manager Ramiz Chelat believes that the best investment opportunities may be slipping away. Chelat — who manages $5 billion in emerging market equities and $9 billion in global equities at Vontobel Asset Management — is particularly bullish on the emerging economies of Brazil, India, and Indonesia. Chelat believes that all three nations are strong enough to weather any future fallouts from the Russia-Ukraine war, and may even be net beneficiaries in some cases.

☆ India's population growth slows as world reaches 8 billion
▼ + stars: | 2022-11-15 | by ( Krishna N. Das | ) www.reuters.com time to read: +3 min

NEW DELHI, Nov 15 (Reuters) - As the global population reaches 8 billion, India, formerly a powerful driver of the number of people on the planet, is experiencing a marked slowdown. The world's population is estimated by the United Nations to have hit 8 billion on Nov. 15, with China and India accounting for more than a third of the total. India estimates its population at 1.38 billion, slightly lower than the 1.4 billion that the World Bank estimates for China. But India's annual population growth has averaged 1.2% since 2011, compared with 1.7% in the 10 years previously, government figures show. That indicated that India's national population policies and health systems were working, the United Nations Population Fund (UNFPA) said in comments shared with Reuters.

☆ India seeks COP27 deal to 'phase down' all fossil fuels
▼ + stars: | 2022-11-12 | by ( Simon Jessop | ) www.reuters.com time to read: +1 min

SHARM EL-SHEIKH, Egypt, Nov 12 (Reuters) - India wants countries to agree to phase down all fossil fuels at the COP27 climate summit in Egypt, rather than a narrower deal to phase down coal as was agreed last year, two sources familiar with the negotiations told Reuters on Saturday. India wants to expand that pledge to include all fossil fuels, the two sources who spoke to Reuters on condition of anonymity said. Asked to confirm that was its position, a spokesperson for the Indian COP27 delegation said: "We did not mention coal at all." The proposal would have to be agreed by consensus during the next week if it were to go into a final COP27 deal. "We mentioned the IPCC AR6 report that has come since Glasgow that recognizes the need for phase down for all fossil fuels.

☆ Twitter layoffs in India, Africa could weaken the company in its biggest growth markets
▼ + stars: | 2022-11-09 | by ( Diksha Madhok | ) edition.cnn.com time to read: +6 min

Twitter laid off thousands of employees across the company on Friday, including staff in India and Africa. Under siege in critical marketsEven before the layoffs, Twitter was going through a tough time in both India and Africa. Tech experts now fear that the company will find it even harder to navigate new laws in emerging markets. Twitter does not share user numbers, but according to India, the platform has 17.5 million users in the country. “Content moderation has to be specific to geography,” said Vivan Sharan, partner at Delhi-based tech policy consulting firm Koan Advisory Group.

☆ INDIA RUPEE Rupee begins week on positive note, U.S. inflation data next trigger
▼ + stars: | 2022-11-07 | by ( Nimesh Vora | ) www.reuters.com time to read: +1 min

MUMBAI, Nov 7 (Reuters) - The Indian rupee rose against the U.S. currency on Monday, on the back of an upbeat risk tone in Asia and the dollar's struggles. The rupee was trading at 82.14 by 0454 GMT, compared with 82.44 in the previous session. The U.S. jobs report supported demand for Asian assets in that the unemployment rate ticked higher. The job number had little impact on U.S. yields and on the probabilities of a 50 or 75 basis points rate hike by the U.S. Federal Reserve next month. "Remember though that we do have another jobs report and two more CPI (consumer price index) reports before the Dec. 14 Fed decision."

☆ India and climate change: Can Modi deliver what the world needs?
▼ + stars: | 2022-11-07 | by ( Tara Subramaniam | ) edition.cnn.com time to read: +10 min

By 2030, Modi wants half of India’s energy to come from renewables. The state is fast becoming a hotbed of solar energy, yet is also home to at least seven coal-fired power plants. “Even during Covid it hasn’t stopped.”At COP26, Modi outlined a series of targets for India’s efforts to combat climate change. It’s also a question of funding – investing in renewable energy and other climate change mitigation efforts is expensive. And your other burning questions answered 03:37 - Source: CNNIf India doesn’t receive the financial support it needs, maintaining its pace on developing renewable energy will be difficult.

☆ What to watch on Monday at COP27
▼ + stars: | 2022-11-07 | by ( Hugo Dixon | ) www.reuters.com time to read: +2 min

But their messages will likely differ a lot on key points, and their soaring rhetoric will at times clash with performances that have lagged past promises. U.S. President Joe Biden will arrive next week, as will newly elected Brazilian President Luiz Inacio Lula da Silva. Chinese President Xi Jinping is not scheduled to attend COP27, but he will have an envoy at the conference. Other things to watch will include a World Trade Organization report expected Monday about the role of trade policy in climate change, and some expected announcements about forests as climate sinks. Reporting by Valerie Volcovici; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

☆ How Joe Biden can help save the planet at COP27
▼ + stars: | 2022-11-07 | by ( Hugo Dixon | Andre Cabette Fabio | ) www.reuters.com time to read: +7 min

States such as Pakistan will also complain that they are already suffering the consequences of climate change despite having done very little to cause it. PULL IT TOGETHERAmerica and other rich countries have a series of policies which could accelerate the just transition across the Global South. Developing and emerging economies, excluding China, need $1 trillion a year in investment, according to a new report from the Rockefeller Foundation. And they need help adapting to the ravages of climate change. If America and other rich countries negotiate a whole-economy transformation with India, they will kill two birds with one stone.

☆ A Core Question at COP27: Who Will Pay for Climate Change?
▼ + stars: | 2022-11-06 | by ( Elena Shao | ) www.nytimes.com time to read: +10 min

When world leaders gather in Sharm el Sheikh, Egypt, this week for the annual United Nations climate summit, the debate over who bears financial responsibility for climate change will be center stage. Most Vulnerable, but Least Responsible for Climate Change A vulnerability index developed by the University of Notre Dame measures countries’ exposure, sensitivity and capacity to adapt to the negative effects of climate change. 10 gigatons CO2 Climate change vulnerability index COUNTRY’s Total historical emissions 1 Somalia is highly vulnerable to the impacts of climate change, but has contributed only a tiny fraction of global emissions. Pakistan experienced widespread and deadly flooding this summer that scientists linked to climate change. India 57.1 Gt CO2 0.5 Middle income countries China 249.4 Gt CO2 0.4 Russia 117.5 Gt CO2 Japan 66.7 Gt CO2 Higher income countries United States 421.7 Gt CO2 0.3 United Kingdom 74.9 Gt CO2 Germany 93.1 Gt CO2 Wealthy countries are responsible for half of the world’s emissions since 1850.

How Putin and Friends Stalled Climate Progress A handful of powerful world leaders rallied around Russia and undercut global cooperation. Mr. Putin has gained from this as the increasingly autocratic Mr. Xi finds common cause with the Kremlin. “Much depends on whether authoritarian leaders perceive climate action to be in their self-interest.”Though their actions help Mr. Putin, their track records on climate are mixed. Mr. Xi called Mr. Putin his “best friend.”He was returning the favor from a year earlier, when Mr. Putin hosted Mr. Xi at the Grand Kremlin Palace and awarded him one of Russia’s highest medals for foreign dignitaries. At a news conference with Mr. Putin, Mr. Bolsonaro thanked his “dear friend,” saying that Mr. Putin had offered him support when other world leaders were criticizing his Amazon policy.

Xiaomi India did not share the agreement with the bank due to confidentiality reasons, Deutsche told investigators, according to the documents. A spokesperson for Deutsche Bank declined to comment. Qualcomm, in a statement, said under "the license with Qualcomm, Xiaomi India pays royalties on all devices sold in India". In that statement, it said Xiaomi India was an affiliate and one of the Xiaomi Group companies, which entered into a legal agreement with Qualcomm. Indian authorities do not agree with that and say Xiaomi India only acts as a reseller of smartphones that are made by contract manufacturers.

[1/5] A police officer stands guard near a passenger van, cordoned after a blast at the entrance of the Confucius Institute University of Karachi, Pakistan, April 26, 2022. Even though months have passed since the attack, Pakistani authorities remain deeply worried. Shortly afterwards, schoolteacher Shari Hayat Baloch, 30, is filmed walking in a park with her young son and daughter and later addressing the camera in combat fatigues. The Chinese officials supported Pakistan's counter-terrorism forces in areas such as CCTV footage enhancement and data retrieval from cell phones, the ministry said. On the day of the Karachi attack, Habitan, a dentist, tweeted that he was "beaming with pride" at what his wife had done.

☆ Britain prioritising India trade deal but can't give timeline, minister says
▼ + stars: | 2022-10-29 | by ( Krishna N. Das | ) www.reuters.com time to read: +2 min

[1/3] British Foreign Secretary James Cleverly speaks during an interview with Reuters at the residence of British High Commissioner in New Delhi, India, October 29, 2022. And it's incredibly important that we remember that an extensive free trade agreement like the one we're negotiating, it's never going to be simple, but it's an incredibly important vehicle to build on our already strong relationship and to make it really future-focused." Previous sticking points included a steep import duty on British whiskey for sale in India. India and Russia have close defence ties and India has become a big buyer of Russian oil since the Ukraine war started. "I don't think it would be right for me as a British politician to dictate policy to another country," he said.

☆ 'The Daily Show' faces backlash after segments about Rishi Sunak
▼ + stars: | 2022-10-27 | by ( Brahmjot Kaur | ) www.nbcnews.com time to read: +2 min

The Daily Show is being criticized after a segment about Britain’s first Asian and nonwhite prime minister, Rishi Sunak. Monday’s episode included a 6 1/2 minute segment in which senior correspondent Ronny Chieng said Sunak wasn’t Asian because he was Indian. “I know everyone is excited that this is the first Asian prime minister but let’s be clear, Indians are not Asians, OK? I bet if I show up in a Bollywood film, I’m just going to blend right in, right? Indians, Pakistanis and Bangladeshis make up the largest demographic of Asians and Asian British in the country, according to the Office of National Statistics.

☆ What do Indians think about Rishi Sunak’s rise? Like UK-India relations, it’s complicated
▼ + stars: | 2022-10-26 | by ( Rhea Mogul | ) edition.cnn.com time to read: +13 min

Now, an Indian-origin man has become the Prime Minister of England,” a Zee News anchor said. Leon Neal/Getty Images Sunak and Boris Johnson watch as a sheep is sheared during a visit to a farm in North Yorkshire, England, in July 2019. Danny Lawson/PA Images/Getty Images Sunak speaks during a general election debate in Cardiff, Wales, in November 2019. Hollie Adams/Bloomberg/Getty Images Sunak and Murty are seen with their daughters, Krishna and Anoushka, while campaigning in Grantham, England, in July 2022. Indian Prime Minister Narendra Modi suggested as much in a tweet welcoming Sunak’s appointment.

MUMBAI, Oct 25 (Reuters) - The Indian rupee is expected to open slightly lower versus the dollar on Tuesday after the offshore Chinese yuan tumbled to a lifetime low. The rupee is tipped to open at around 82.74-82.76 per U.S. dollar, compared with 82.6750 on Friday. Meanwhile, the dollar index dipped in Asia trading, adding to is recent losses on bets that the U.S. Federal Reserve will deliver a small rate hike in December. If it were not for yuan, the rupee would have had "had a decent opening" considering the "slightly less" hawkish Fed outlook, a trader at a Mumbai-based bank said. Another fall in India's foreign exchange "is probably another problem" for the rupee, the trader said.

☆ India competition regulator fines Google $161.95 mln for anti-competitive practices
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Oct 20 (Reuters) - India's competition regulator said on Thursday it has fined Alphabet Inc's (GOOGL.O) Google 13.38 billion Indian rupees ($161.95 million) for anti-competitive practices related to Android mobile devices. The Competition Commission of India (CCI) also ordered Google not to offer any incentives to smartphone makers for exclusively carrying its search services. Register now for FREE unlimited access to Reuters.com RegisterGoogle is facing a series of antitrust cases in India and stricter tech-sector regulations. India's competition watchdog is also looking into Google's business conduct in the smart TVs market and its in-app payments system. Google's Android operating system powers 97% of India's 600 million smartphones, according to Counterpoint Research.

☆ Inside Facebook, WhatsApp is now an 'urgent' growth valve with 'superapp' ambitions taking shape
▼ + stars: | 2022-10-20 | by ( Kali Hays | ) www.businessinsider.com time to read: +12 min

This has become something "we have to do," said Matt Idema, vice president of business messaging. Messaging throughout Facebook, led by WhatsApp, generated a relatively paltry $218 million in the most recent quarter. "It's a really big challenge," Matt Idema, promoted last year to vice president of business messaging for Meta, told Insider. Now it's time to bring together WhatsApp, Facebook Messenger, and Instagram Messaging and "treat it like one messaging strategy," Idema said. It held in May its first-ever conference dedicated to its messaging business.

☆ UN wants India to mobilise G20 to help debt-stressed countries
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +2 min

NEW DELHI, Oct 19 (Reuters) - U.N. chief Antonio Guterres on Wednesday sought India's support in mobilising G20 nations to help out developing countries saddled with debt, with three of India's neighbours already seeking IMF loans as their economies struggle. India takes over the G20 presidency from Indonesia for a year from Dec 1. "I count on India’s support in mobilising G20 countries around debt relief," Guterres told the students and faculty of the Indian Institute of Technology in Mumbai. "Many developing countries are at or near debt distress and require multilateral action, including the expansion and extension of the G20 Debt Service Suspension Initiative." He said G20 countries were responsible for 80% of global emissions and must take the lead in cutting those.

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