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☆ Three dead in first fatal Houthi attack in the Red Sea
▼ + stars: | 2024-03-07 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

Three people were killed in a Houthi attack against a civilian merchant ship, U.S. authorities said, marking the first lives claimed since the Iran-backed militant group began targeting the Red Sea shipping route at the end of last year. "With great sadness, the Department of Migrant Workers (DMW) confirms the deaths of two Filipino seafarers in the most recent attack by Houthi rebels on ships plying the Red Sea and the Gulf of Aden," it said, withholding their names and identities. This is the first fatal Houthi attack since the group started maritime offensives against vessels transiting through the key Red Sea route that accounts for 12% of global traffic. On Saturday, the Belize-flagged general cargo ship Rubymar became the first casualty to sink in the Red Sea, after drifting abandoned at sea following a Houthi attack mid-February. In a separate incident earlier this week, four key telecommunications cables in the Red Sea were severed.

Persons: Centcom, Houthi, Yahya Sare'e, Rubymar Organizations: Red, U.S . Central Command, Liberian, Philippines Department of Migrant Workers, Department of Migrant Workers, Yemeni, Maritime Trade Operations, Yemeni Armed Forces, CNBC, Hamas, —, HGC Communications Locations: Iran, Barbados, Gulf, Aden, Gaza, Israel, U.S, Belize, Red

☆ Houthi rebels launched the first fatal anti-ship ballistic missile attack just days after sinking another vessel
▼ + stars: | 2024-03-06 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

An anti-ship ballistic missile hit the True Confidence as it was transiting the Gulf of Aden. AdvertisementThe M/V True Confidence after it was hit by an anti-ship ballistic missile. Monday's incident also marks the first ever fatal anti-ship ballistic missile attack . AdvertisementThe Marshall Islands-flagged, Bermuda-owned M/V Marlin Luanda after it was hit with an anti-ship ballistic missile in the Gulf of Aden in January. The fatal attack, meanwhile, comes just days after the sinking of the Rubymar, a commercial vessel that was hit by an anti-ship ballistic missile while it was transiting the Red Sea in mid-February.

Persons: —, CENTCOM, Marlin Luanda, Central Command Matthew Miller, Miller Organizations: Service, Liberian, Central Command, US, Command, MSC Sky, Marshall, State Department Locations: Aden, Iran, Yemen, Barbados, Bermuda, Gulf, Screengrab, Red

☆ Crew members killed for first time in Houthi attack on commercial ship in Red Sea, US official says
▼ + stars: | 2024-03-06 | by ( Natasha Bertrand | ) edition.cnn.com time to read: +3 min

CNN —A Houthi ballistic missile attack on a commercial ship in the Gulf of Aden resulted in at least two fatalities among the crew members, two US officials told CNN, marking the first time that the Iran-backed militant group has killed anyone as part of their ongoing attacks on ships transiting the Red Sea. The attack struck the M/V True Confidence, a Barbados-flagged, Liberian-owned bulk carrier, the officials said. The ship has since been abandoned and coalition warships are now in the area assessing the situation, the officials said. The strike marks a significant escalation of the Houthi attacks on Red Sea shipping, which began in October in response to Israel’s war in Gaza. The passage links the Red Sea with the Mediterranean Sea, allowing ships to cut thousands of miles off shipping routes instead of sailing around Africa.

Persons: Pete Nguyen, Nguyen, Biden, Sabrina Singh, ”, “, Dwight D Organizations: CNN, Liberian, Naval, US, Defense Department, US Central Command, Houthi, Pentagon, Eisenhower, United Nations Locations: Gulf, Aden, Iran, Barbados, Gaza, Red, Yemen, Suez, Africa

☆ Ship damaged offshore Yemen, days after a Houthi-struck vessel sank in the Red Sea
▼ + stars: | 2024-03-06 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

A merchant vessel was hit and took damage offshore of Yemen, the U.K. Maritime Trade Operations said Wednesday, days after a ship struck by Iran-backed Houthis sank in the Red Sea. The UKMTO said that the incident took place 54 nautical miles southwest of Aden, adding that the merchant vessel "suffered damage" and was being assisted by international coalition forces active regionally. Earlier, the UKMTO reported that the merchant vessel was hailed for 30 minutes by an entity declaring itself to be the "Yemeni Navy," before the ship was instructed to alter course. Vessels in the vicinity reported "a large bang, and a plume of smoke sighted," according to the UKMTO. CNBC could not independently confirm the incident or the flag and ownership of the impaired vessel.

Persons: Houthis Organizations: Maritime Trade Operations, Yemeni Navy, CNBC, U.S . Central Command Locations: Yemen, Iran, Red, Aden, Barbados, U.S, Belize

☆ Church of England urged to build a $1.3 billion fund to tackle its legacy of slavery
▼ + stars: | 2024-03-04 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —The Church of England has welcomed a report that calls for it to spearhead the establishment of a £1 billion ($1.3 billion) fund to address its historical ties to slavery. The Church Commissioners group, which manages the church’s £10.3 billion ($13 billion) investments, has accepted the report “in full,” the church said in a statement. The report also calls for the Church Commissioners to build up the value of the fund by bringing in co-investors while also increasing its own allocation. The Church of England is the established church in the United Kingdom. It also urged the Church Commissioners to deliver the full sum committed to the fund sooner than over the nine years originally envisaged.

Persons: ”, Archbishop of Canterbury Justin Welby, Bishop Rosemarie Mallett, Canterbury Justin Welby, Toby Melville, Welby, George Floyd Organizations: London CNN, of, “, for, Commissioners, South Sea Company, REUTERS, National Archives, Bank of Locations: of England, Black, United Kingdom, Barbados, London, REUTERS Britain, Historic England, Caribbean, Bank of England, United States

☆ I've lived in 7 different countries. Here are 11 things that surprised me about living all around the world.
▼ + stars: | 2024-02-26 | by ( Nasha Smith | ) www.businessinsider.com time to read: +9 min

Since then, I've lived in places like Wales, the Czech Republic, Spain, Italy, and Greece. But I loved immersing myself in new cultures, forming close friendships, and discovering new delicacies in every possible city. I felt knowledgeable about my destinations from my education, books, and television, but you never truly know a country until you've lived like a local. Here are 11 things that surprised me during my travels. AdvertisementLiving in Spain can require a lot of paperworkSome parts of Spain still embrace the tradition of siesta.

Persons: —, Lucia, I've, you've, Shutterstock There's, Lucian, Nasha Smith, haven't, St, Nasha Smith Kentucky Fried Organizations: Service, Business, siesta, KFC, Barbados, Rihanna Locations: St, Wales, Czech Republic, Spain, Italy, Greece, Prague, Crocetta del, Venice, Bologna, Texas, New York, Kansas , Mississippi, Tennessee, Europe, Caribbean, Olympia, Skafidia, Barcelona, Llobregat, Barcelona's, Nasha Smith Kentucky, Asia, New Zealand, Detroit , Louisiana, Central Europe, Czech

☆ Saint Vincent Court Rejects Challenge to Colonial-Era Anti-Gay Laws
▼ + stars: | 2024-02-16 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

By Robertson S. HenryKINGSTOWN (Reuters) - The top court in Saint Vincent and the Grenadines dismissed a challenge to anti-gay laws dating to British colonial rule on Friday, leaving the Caribbean country among a handful that still prescribes harsh criminal penalties against gays and lesbians. Local laws call for up to ten years incarceration for anyone who has same-sex relations, under a 1988 criminal code that upheld laws from the colonial era. In her ruling, Judge Esco Henry held that Johnson and Macleish did not have the standing to challenge the laws since they do not live in the country. Activists argue that the laws that criminalize consensual same-sex relations between adults encourage physical abuse and discrimination, even though they are rarely if ever enforced. But elsewhere in the Caribbean, Saint Kitts and Nevis, Antigua and Barbuda, and Barbados have decriminalized gay sex in 2022, while Trinidad and Tobago struck down its ban altogether in 2018.

Persons: Robertson S, Henry KINGSTOWN, Javin Johnson, Sean Macleish, Judge Esco Henry, Johnson, Macleish, Cristian Gonzalez, Saint Vincent, Henry, Sarah Morland, David Alire Garcia, Raju Gopalakrishnan Organizations: Reuters, Eastern Caribbean Court of Appeal, Activists, Rights Watch Locations: Saint Vincent, Grenadines, Caribbean, Jamaica, Dominica, Saint Lucia, Guyana, Grenada, Saint Kitts, Nevis, Antigua, Barbuda, Barbados, Trinidad and Tobago, Kingstown, Mexico City

☆ A Delta flight had to do U-turn after maggots fell onto a passenger from an overhead bin containing rotten fish
▼ + stars: | 2024-02-15 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +3 min

Read previewA Delta flight had to turn around after maggots fell from a passenger's suitcase onto another passenger. Philip Schotte, a passenger from the Netherlands who was on the flight, told Fox 2 Detroit that he witnessed the maggots fall on a passenger from a suitcase in the overhead compartment. Flight attendants were then able to locate the source of the maggots: A suitcase that contained a rotten fish inside, according to reports. Travelers who were delayed overnight because of the incident were compensated with hotel accommodation, a $30 meal ticket, and 8,000 air miles, the passenger told the Daily Mail. A Delta flight traveling from Atlanta to Barcelona, Spain, in September had to turn around after a passenger had diarrhea in the aircraft's cabin.

Persons: —, Philip Schotte, Schotte, We've Organizations: Service, Daily Mail, Fox, Detroit, Business, Travelers, Delta, United Airlines, New York Times, American Airlines Locations: Amsterdam, Detroit, Netherlands, Atlanta, Barcelona, Spain, San Diego, New Jersey, Miami, Barbados

☆ Let's normalize going on a honeymoon before getting married — or engaged
▼ + stars: | 2024-02-14 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Mikhaila Friel/InsiderOne thing that surprised us was the number of people asking us if we were on our honeymoon. Mikhaila Friel/Business InsiderWhile it's not conventional, more couples are starting to have their honeymoon before getting married or even engaged, according to Julia Carter, founder of the luxury travel operator Craft Travel. Carter noted that waiting until your honeymoon to take a big trip could be beneficial as it's common for family members to contribute financially. AdvertisementGo on the honeymoon that works for youAlthough we aren't engaged, all of the honeymoon chatter got my partner and me talking about what we envisioned for our actual honeymoon. For couples already engaged, an early honeymoon could provide a much-needed break from wedding planning or an opportunity to bond with your partner before the big day.

Persons: —, Arvia, Mikhaila Friel, us, Julia Carter, Carter Organizations: Service, Business, Craft Locations: Barbados, Caribbean, YOLO

☆ Analysis: Maduro’s immigration card could influence America’s election, not just Venezuela’s
▼ + stars: | 2024-02-07 | by ( Rafael Romo | ) edition.cnn.com time to read: +8 min

Let’s get united,” Maduro said. Banning Machado from running for president amounts to a repudiation of the agreement, both the opposition and the United States have claimed. “In response to anti-democratic actions by Maduro representatives, the United States has revoked sanctions relief for Venezuela’s gold sector. Venezuela has recently been cooperating with the United States to reduce illegal immigration by allowing removal flights. It’s also immigration and oil during an election year in the United States.

Persons: Voters don’t, Nicolás Maduro, Joe Biden, Biden, Hugo Chávez, Maduro, ” , Let’s, ” Maduro, María Corina Machado, Machado, Maria Corina Machado, Gaby Oraa, ”, ” Machado, Leopoldo López, Maduro’s, Brian Winter, there’s, “, ” Winter, John Moore, Banning Machado, Matthew Miller, Delcy Rodríguez, “ Maduro, It’s Organizations: CNN, Venezuelan, Voters, Socialist United Party of Venezuela, American, US, Venezuela’s, Justice, National Assembly, Bloomberg, Getty, Americas Quarterly, Immigrants, Border Patrol, Biden, US State Department, Twitter, State Department Locations: Venezuela, United States, Caracas, Madrid, Spain, Rio Grande, Eagle Pass , Texas, Barbados, Maduro, Mexico

☆ Fahmi Quadir, short seller nicknamed 'The Assassin,' takes aim at for-profit college giant Adtalem
▼ + stars: | 2024-01-30 | by ( Eamon Javers | ) www.cnbc.com time to read: +4 min

Quadir told CNBC she has a short position in the stock, meaning she is betting that the share price will decline. "We believe that Adtalem is completely uninvestable, the number of existential risks that exists today should cause alarm for any investor that's looking into this company," Quadir said. In 2017, DeVry Education changed its DV ticker symbol to Adtalem's current ATGE, completing the rebranding of DeVry into Adtalem. Quadir's report found that among Adtalem's properties, the online college Walden University has a graduation rate of just 29%. Adtalem's stock price has soared over 75% in just seven months, from just over $33 a share in late June, to more than $60 a share at Monday's open.

Persons: Quadir, Safkhet, Bridget Bennett, Rafael Henrique, Lightrocket, DeVry, Adtalem Organizations: Bloomberg, Getty Images WASHINGTON, Walden University, Chamberlain University, Ross University School of Medicine, CNBC, Safkhet, Netflix, Education, DeVry University, Cogswell Education, Blackrock, Vanguard, Department of Education, Higher Locations: Las Vegas , Nevada, U.S, Barbados, Quadir, Adtalem

WASHINGTON (AP) — The U.S. is considering additional measures against Venezuelan President Nicolás Maduro ’s government after the South American country’s highest court blocked the presidential candidacy of an opposition leader. This comes after the U.S. government on Monday pulled back part of the sanctions relief it granted Venezuela last year, following through on its threat to do so after Maduro reneged on a deal his administration made last year in Barbados with the Venezuelan opposition to hold free elections in 2024. A spokesperson for the National Security Council said the U.S. is clear about the path forward in support of democratic elections and is considering additional measures against the Maduro regime. The department had allowed transactions with the mining company in October after the Maduro government agreed to level the playing field ahead of this year’s presidential election. Matthew Miller, a U.S. State Department spokesperson, said the Barbados electoral roadmap is the most viable mechanism to resolving Venezuela’s longstanding political and economic problems.

Persons: Nicolás Maduro, Maduro, María Corina Machado, Machado, Matthew Miller, ” ___ Garcia Cano Organizations: WASHINGTON, Venezuelan, American, U.S, Monday, Venezuela’s, National Security Council, Department’s, Foreign, U.S . State Department Locations: U.S, Venezuela, Barbados, Venezuelan, Caracas

This is called judicial criminality,” Machado said of Friday's ruling by the Supreme Tribunal of Justice. The longtime government foe was able to participate, because the primary was organized by a commission independent of Venezuela’s electoral authorities. On Monday, she sought to reassure supporters, telling them that her campaign is “stronger than ever” and she will represent them during the presidential election. The court and the National Electoral Council, the country’s electoral body, are stacked with people affiliated with the ruling party. "Should there be an aggressive action, our response will be calm, reciprocal and energetic.”___Zeke Miller contributed to this report from Washington.

Persons: María Corina Machado, ”, Machado, Nicolás Maduro, ” Machado, “, Friday’s, Maduro, They’ve, John Kirby, Elvis Amoroso, Tarek William Saab, Roberto Abdul, Gerardo Blyde, Jorge Rodríguez, Blyde, Rodríguez, ” Rodríguez, ___ Zeke Miller Organizations: Monday, Justice, National Security, of American, Electoral Council, U.S Locations: CARACAS, Venezuela, Venezuelan, United States, Venezuela's, U.S, Barbados, Spain, Latin America, Washington

☆ Activist investors in Gildan Activewear will have chance to bring back fired CEO at special meeting
▼ + stars: | 2024-01-29 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +4 min

Browning West's move is unusual in the activist world, where investors are more often focused on replacing CEOs than backing them. Browning West, a long-time shareholder, points to Chamandy's success in an increasingly competitive industry as one reason why he should be CEO. Berg has served on Gildan's board since 2015 and has been chair since 2019. Browning West seeks to replace Berg and seven other directors with their own nominees, including Chamandy and Browning West's Lee. Last week, Gildan applied to a Quebec court to nullify Browning West's request and to cancel the meeting.

Persons: Gildan, Glenn Chamandy, Gildan's, Vince Tyra, Chamandy, Browning, It's, Browning West's, Peter Lee, Usman Nabi, Anson, Janus Henderson, Broder Brothers, Donald Berg, Forman, Berg, Browning West, Browning West's Lee, Bill Ackman Organizations: Asset Management, Brown, Coliseum Capital, CNBC Locations: Barbados, Montreal, Los Angeles, Connecticut, Quebec

CARACAS, Venezuela (AP) — The U.S. government and nearly 30 conservative world leaders on Saturday condemned the decision of Venezuela’s highest court to block the presidential candidacy of opposition leader María Corina Machado. “The United States is currently reviewing our Venezuela sanctions policy, based on this development and the recent political targeting of democratic opposition candidates and civil society,” U.S. State Department spokesman Matthew Miller said in a statement. Machado insisted throughout the campaign that she never received official notification of the ban and said voters, not ruling-party loyalists, were the rightful decision-makers of her candidacy. The ruling came more than three months after Maduro and the U.S.-backed opposition reached a deal to work on basic conditions for a fair election. The deal led Washington to ease some economic sanctions on Venezuela's oil, gas and mining sectors.

Persons: María Corina Machado, Biden, Nicolás Maduro, Matthew Miller, Machado, Miller, Justice “, Maduro, ” Gerardo Blyde, Emmanuel Macron, Luis Inácio Lula da Silva, Gustavo Petro —, Blyde, Maduro’s, Hector Rodríguez, ” Rodríguez, Machado “, Iván Duque, Mauricio Macri, Vicente Fox, Felipe Calderón, ” Organizations: Saturday, U.S . State Department, U.S, Justice, Democratic Initiative of Spain Locations: CARACAS, Venezuela, U.S, United States, Washington, Barbados, France, Brazil, Colombia, Americas, Venezuelan, Spain, Latin America, Iván Duque of Colombia, Argentina, Mexico, Venezuela's

☆ Venezuela's Maduro Says Election Deal With Opposition Could Collapse
▼ + stars: | 2024-01-25 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

CARACAS (Reuters) - Venezuelan President Nicolas Maduro warned on Thursday that a deal with the political opposition for elections to be held later this year was in danger of collapse, after what he has described as "conspiracies" against him. Later, U.S. officials said they were "concerned" about the arrests, which included members of the political opposition. KEY QUOTES"Today the Barbados agreements are mortally wounded, they're in intensive care, they were stabbed, kicked," Maduro said in a televised state broadcast. "Hopefully we can save the Barbados agreements and, through dialogue, reach real overarching agreements through national consensus," he added. WHAT'S NEXTThe government's arrest of opposition members could put the agreements at risk, and cause the sanctions to snap back.

Persons: Nicolas Maduro, Maduro's, Maria Corina Machado, Maduro, Deisy Buitrago, Kylie Madry, Clarence Fernandez Locations: CARACAS, Barbados, United States, Caracas, Venezuela

☆ Passenger Spots Missing Bolts on Virgin Atlantic Flight, Canceled
▼ + stars: | 2024-01-23 | by ( Joey Hadden | ) www.businessinsider.com time to read: +4 min

The flight was canceled "to provide time for precautionary additional engineering maintenance checks," a Virgin Atlantic representative told Business Insider in a statement. AdvertisementThe missing bolts were not a safety concern, experts sayA Virgin Atlantic Airbus A330 flies over London in December 2022. "We'd like to apologize to our customers for the delay to their journeys," Virgin Atlantic told BI in a statement, and confirmed the plane is now back in service following an inspection. While not a safety issue, the recent Virgin Atlantic flight cancellation is not the first problem the airline has faced this year. On January 7, a Virgin Atlantic Airbus A330 traveling from Manchester to Barbados made an emergency landing after the smell of smoke filled the cockpit, The Independent reported.

Persons: —, Phil Hardy, John F, Hardy, Robert Smith, Neil Firth, Mathieu Lewis, Rolland, Getty Organizations: Service, Kennedy, Virgin Atlantic, New York Post, Business, Airbus, Kennedy News Agency, The Independent, Virgin Atlantic Airbus, Getty, Boeing, Alaska Airlines, Alaska Airlines Boeing, Max, National Transportation Safety Board, An Alaska Airlines, Portland International Airport, US Federal Aviation Administration, FAA, Independent Locations: Manchester, England, New York City, NYC, London, Portland , Oregon, Ontario , California, Barbados

COP28 president Sultan Ahmed Al Jaber speaks during the Transforming Food Systems in the Face of Climate Change event on the sidelines of the COP28 climate summit at Dubai Expo on December 1, 2023. "We delivered world first after world first," the UAE summit presidency said in a further social media update. And we have language on fossil fuels in our final agreement." Many believed the COP28 summit could only be considered a success if it resulted in a deal to phase out all fossil fuels. COP28 President Sultan al-Jaber sparked a backlash earlier this month after he claimed there is "no science" behind calls for a phase-out of fossil fuels.

Persons: Sultan Ahmed Al Jaber, Ludovic Marin, Licypriya Kangujam, Sean Gallup, Wopke Hoekstra, Alok Sharma, Sharma, CNBC's, Simon Stiell, We're, John Kerry, Selma de Montgomery, Avinash Persaud, Mikhail Gitarskiy, Sultan al, Jaber, he'd, Al Organizations: Food Systems, Dubai Expo, Afp, Getty Images, UAE Consensus, UAE, United Arab Emirates, Getty, Russian, BBC, Abu, Abu Dhabi National Oil Co Locations: Dubai, UAE, United Arab, United Arab Emirates, Pacific, Caribbean, Latin America, Africa, Asia, North America, Paris, United States, China, Denmark, Barbados, Moscow, Abu Dhabi

On Monday, Prince Abdulaziz bin Salman, energy minister and the key climate negotiator, for the kingdom, was a no-show at the Saudi Green Initiative. "The climate finance that they have pledged at this COP28 is simply not enough," said Pakistani activist Zaigham Abbas, whose country was devastated last year by widespread flooding. Elsewhere, France and Japan said they would support a move by the African Development Bank to leverage IMF Special Drawing Rights for climate and development. This year also features the biggest-ever representation of business at the annual U.N. summit, amid hopes for more private investment toward climate causes. "The scale of the climate crisis demands urgent and game-changing solutions from every industry," COP28 President Ahmed Al-Jaber said.

Persons: COP28, Johanna Geron, Prince Abdulaziz bin Salman, Crown Prince Mohammad bin Salman, Nicholas Stern, Mia Mottley, Antonio Guterres, Zaigham Abbas, Abu Dhabi, Ahmed Al, Jaber, Simon Jessop, Maha El, Al Sayegh, Alexander Cornwell, Elizabeth Piper, David Stanway, Katy Daigle Organizations: of, European Union, REUTERS, Companies, Saudi, United, United Arab Emirates, Saudi Green Initiative, Crown, Grantham Research, Asian Peoples ' Movement, Development, African Development Bank, European Bank for Reconstruction, Copenhagen Infrastructure Partners, BlackRock, HSBC, Finance, Reuters, Thomson Locations: Dubai, Brussels, Belgium, Companies UAE, DUBAI, COP28, United Arab, Saudi Arabia, Sharm el, Sheikh, Egypt, Paris, China, Grantham, Barbados, France, Japan, Copenhagen, Abu

☆ Top development banks, funds set up 'debt-for-nature' task force
▼ + stars: | 2023-12-04 | by ( Marc Jones | ) www.reuters.com time to read: +2 min

[1/2] Fishermen go out to sea after Ecuador's goverment expanded the protected marine area around the Galapagos Islands, Ecuador January 24, 2022. REUTERS/Santiago Arcos Acquire Licensing RightsLONDON, Dec 4 (Reuters) - A consortium of top multilateral development banks (MDB) and climate funds launched a global "task force" on Monday to scale up the number and size of 'debt-for-nature' swaps that countries can do. It will initially be led by the Inter-American Development Bank (IDB) and the U.S. International Development Finance Corporation (DFC), lenders which between them have been involved in all the recent swaps, also including Barbados and Gabon. The Asian Development Bank, the African Development Bank, France's Agence Française de Développement, and the European Investment Bank will also be part of the task force, as well as the Green Climate Fund and the Global Environment Facility. Development banks play a particularly important role in debt-for-nature swaps because they provide the credit guarantees and/or political risk insurance that make them viable.

Persons: goverment, Santiago Arcos, Ilan Goldfajn, Scott Nathan, Marc Jones, Kirsten Donovan Organizations: REUTERS, Santiago, Reuters, Inter, American Development Bank, U.S . International Development Finance Corporation, Asian Development Bank, African Development Bank, France's Agence Française, European Investment Bank, Climate Fund, Global, Thomson Locations: Ecuador, Belize, Barbados, Gabon

A general view of a wind turbine at Westmill Wind Farm & Solar Park, which is owned by the community and supports local renewable energy, at Watchfield, near Swindon, Britain, September 24, 2021. "More than 110 countries have joined already," European Commission President Ursula von der Leyen told the COP28 summit on Thursday of the renewables pledge. A draft of the renewable energy pledge, seen by Reuters, called for "the phase down of unabated coal power" and ending the financing of new coal-fired power plants. Africa receives just 2% of global investments in renewable energy. Somalia has the highest onshore wind power potential of any African country, yet one of the lowest electrification rates in the continent, according to the International Energy Agency.

Persons: Andrew Boyers, Ursula von der Leyen, Najib Ahmed, Kate Abnett, Richard Valdmanis, William Mallard Organizations: REUTERS, Rights, European Union, United Arab, BP, Reuters, International Energy Agency, ___, Thomson Locations: Watchfield, Swindon, Britain, United States, United Arab Emirates, China, India, South Africa, Vietnam, Australia, Japan, Canada, Chile, Barbados, COP28, Africa, Somalia

☆ What are leaders saying at the UN climate summit?
▼ + stars: | 2023-12-02 | by ( ) www.reuters.com time to read: +3 min

President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan walks with Brazil's President Luiz Inacio Lula da Silva, alongside other world leaders and delegates, at Dubai's Expo City ahead of the World Climate Action Summit during the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates,... Acquire Licensing Rights Read moreDUBAI, Dec 2 (Reuters) - World leaders addressed the COP28 summit on Saturday, where their countries' delegations are assessing progress towards meeting global climate goals. Because for every dollar that we spend before disaster, we can save $7 in damage, and indeed loss of lives. Leaders who deny climate science, delay climate action and spread misinformation. Corporations that greenwash climate inaction and lobby for billions of dollars in fossil fuel subsidies. ___For daily comprehensive coverage on COP28 in your inbox, sign up for the Reuters Sustainable Switch newsletter here.

Persons: United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan, Luiz Inacio Lula da Silva, OLAF SCHOLZ, there's, POPE FRANCIS, State Cardinal Pietro Parolin, KAMALA HARRIS, William James, Elizabeth Piper, Nandita Bose Organizations: United, United Nations, Change, Vatican, State, Reuters, Thomson Locations: United Arab Emirates, Dubai, DUBAI, BARBADOS

A pipeline that moves methane gas from the Frank R. Bowerman landfill to an onsite power plant is shown in Irvine, California, California, U.S., June 15, 2021. The philanthropies, which include the Bezos Earth Fund, Bloomberg Philanthropies and the Sequoia Climate Foundation, will help accelerate the phase-down of methane emissions and other non-carbon dioxide greenhouse gases. That means that reining in methane emissions can have a more immediate impact in limiting climate change. Research firm Kayrros, which tracks methane emissions, said on Friday that despite the pledge, emissions of methane are not coming down, and in some places, they are even going up. Rapid cuts in methane emissions from fossil fuels could lead to a reduction of 0.1°C in global temperature rise by mid-century," said Antoine Rostand, CEO of Kayrros.

Persons: Frank R, Bowerman, Mike Blake, Bloomberg Philanthropies, ”, Mia Amor Mottley, “ We’ve, Antoine Rostand, Valerie Volcovici, Frances Kerry Organizations: REUTERS, Rights, Fund, Bloomberg, Sequoia Climate Foundation, U.S, Thomson Locations: Irvine , California , California, U.S, United States, UAE, China, Barbados, EU

☆ COP 28 Climate Summit Global Warming Talks Begin Amid Deep Tensions
▼ + stars: | 2023-12-01 | by ( David Gelles | ) www.nytimes.com time to read: +3 min

PinnedWorld leaders are gathering in Dubai for an annual United Nations climate summit and calling for urgent action to slow down global warming. Greenhouse gas emissions, mainly driven by the burning of fossil fuels, have now warmed the planet by about 1.2 degrees Celsius above preindustrial levels. While many developed countries are installing more wind and solar power, global greenhouse gas emissions and fossil fuel demand continue to rise. Another big issue on the table is an international effort to limit emissions of methane, a potent greenhouse gas. The president of the proceedings, Sultan Al Jaber, is the head of the Emirates’ state oil company, Adnoc.

Persons: King Charles III, Mia Mottley, Volodymyr Zelensky, William Ruto, Isaac Herzog of Israel, Mahmoud Abbas, Sultan Al Jaber, Al Jaber, ”, “ Organizations: Palestinian, United Arab, Emirates, Adnoc Locations: Dubai, United Nations, Barbados, Ukraine, Kenya, Gaza, United Arab Emirates

☆ King Charles says world heading for ‘dangerous uncharted territory’ as climate crisis deepens
▼ + stars: | 2023-12-01 | by ( Laura Paddison | ) edition.cnn.com time to read: +4 min

CNN —King Charles III told world leaders Friday that the warning signs of the climate crisis are being ignored and that the world is heading for “dangerous uncharted territory,” with devastating consequences for lives and livelihoods. The King called for a series of measures, including a ramp-up of public and private finance, to tackle the climate crisis and rapidly increase renewable energy. The King did not attend last year’s COP27 summit in Egypt, after the then UK Prime Minister, Liz Truss advised him against going. CNN understood at the time that, the monarch and government jointly agreed that the climate summit wasn’t the right occasion for the King’s first trip overseas as sovereign. The US announced a commitment of $17.5 million, which some experts and advocacy groups said was “embarrassing.”World leaders including India’s Prime Minister Narendra Modi, Brazil’s President Lula Da Silva, UK Prime Minister Rishi Sunak and Prime Minister of Barbados Mia Mottley are due to address delegates later.

Persons: King Charles III, King, ”, won’t, Liz Truss, Sheikh Mohammed bin Zayed Al Nahyan, “, Narendra Modi, Lula Da Silva, Rishi Sunak, Barbados Mia Mottley, CNN’s Lauren Said, Moorhouse, Angela Dewan, Ella Nilsen Organizations: CNN, UAE, CNN’s Royal, United Arab, US, India’s, Brazil’s, UK Locations: Dubai, Pakistan, Bangladesh, East Africa, Egypt, UAE, United Arab Emirates, Germany, Barbados

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