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Courtesy of Kate BoardmanI've always enjoyed sharing my adventures and experiences, and capturing my life through photos and videos to show the world. Kate Boardman at the summit of Mt. AdvertisementGenerally, I feel quite safe when I'm traveling. Kate Boardman in Australia. Courtesy of Kate BoardmanThrough my content, I hope to show people that the world is not a scary place.
Persons: , Kate Boardman, There's, I've, Kate Boardman I've, It's, Aphantasia, Boardman, Chiang Rai, You've, I'm, it's Organizations: Service, Business, Roger Williams University, White Locations: Massachusetts, Vietnam, Australia, Guatemala, Bahrain, Germany, France, Thailand, Indonesia, Luang Prabang, Laos, Mexico, Cancun, Rio Dulce , Guatemala, Rhode Island, Bali, Cambodia, Mt, Kilimanjaro, Tanzania, Iran, Pink Lake, Kate Boardman Vietnam, Italy, Krabi, I'm
European Central Bank posts first annual loss in two decades
  + stars: | 2024-02-22 | by ( Jenni Reid | ) www.cnbc.com   time to read: +2 min
Rain falls over the finance district and the European Central Bank (ECB) in Frankfurt, Germany. The European Central Bank on Thursday reported its first annual loss since 2004, following hefty payouts due to higher interest rates. The central bank said it will carry forward the loss on its balance sheet to offset against future profits. The central bank began quantitative tightening in March 2023. There is no institution in the economy which can cope with a temporary loss better than the central bank," he told CNBC by email.
Persons: Germany's Bundesbank, Holger Schmieding Organizations: European Central Bank, ECB, Swiss National Bank, CNBC Locations: Frankfurt, Germany, Ukraine
A new Netflix docudrama, “ Einstein and the Bomb ,” uses footage and reenactments of the famous scientist and his shifting view of nuclear weapons. It quotes his 1945 Nobel Prize address expressing concern over the future use of nuclear weapons, saying, “The war is won, but the peace is not.”Albert Einstein warned that nuclear weapons could lead to the end of humankind. The general public, and even many men in positions of authority, have not realized what would be involved in a war with nuclear bombs. But we now know, especially since the Bikini test, that nuclear bombs can gradually spread destruction over a very much wider area than had been supposed. Although an agreement to renounce nuclear weapons as part of a general reduction of armaments3 would not afford an ultimate solution, it would serve certain important purposes.
Persons: Einstein, Roosevelt, , Albert Einstein, Bertrand Russell, Russell, Franklin D, “ Einstein, , ” Albert Einstein, Stringer, Joseph Rotblat, Rotblat, Frederic Joliot, Curie, Linus Pauling, , White Organizations: Service, Einstein, Manhattan Project, Manhattan, Netflix, Central Press, Science, World Affairs, Communist Locations: Germany, Hiroshima, Nagasaki, Manhattan, London , New York, Moscow, East, West, Pearl
From prison, Navalny denounced Russia’s invasion of Ukraine via social media and encouraged anti-war protests across the country. Navalny was detained and sent to a Russian prison in 2021 after he had returned to Russia from Germany, where he was recovering from Novichok poisoning he blamed on the Russian government. Navalny took up Nemtsov’s mantle, becoming Russia’s most prominent opposition figure. Alexey Navalny was given a suspended sentence and his brother was sentenced to a prison term. Russia launched a new fraud accusation and jail threat against Navalny at the end of 2020, increasing pressure on him.
Persons: CNN — Alexey Navalny, Vladimir Putin, Navalny, Alexei Navalny, Dmitry Lovetsky, , Putin, , Kira Yarmysh, Dmitry Peskov, Alexander Litvinenko, Novichok, Sergei Skripal, Russia’s, Boris Nemtsov, Alexey Navalny, ‘ Putin, Oleg, Yves Rocher, “ Putin, ” Navalny, Dasha Navalnaya, Margarita Kotova, gaunt, Alexey, , Putin –, Alexander Nemenov, vociferously, I’m, Yulia Navalnaya Organizations: CNN, United, Kremlin, CNN Former, Getty, Corruption, Navalny, , Moscow’s, Peoples University, Transneft, Court, of Human Locations: United Russia, Russia, Ukraine, Siberia, Germany, Moscow, CNN Former Russian, Britain, Russian, English, Salisbury, Siberian, Tomsk, Omsk, France, Sweden, Anadolu, Melekhovo, Vladimir Region, Butyn, AFP, Moscow’s
The idea that foreign countries are freeloading off the United States plays well with his base, but Trump either doesn’t understand how NATO works or chooses not to. Meanwhile, in 2014, all NATO countries agreed to spend at least 2% of their GDP on defense by this year. Every US president since Barack Obama has pressed NATO countries to reach that expenditure level, but at the time of the agreement, only three NATO countries — the US, United Kingdom and Greece — were doing so. In 2017, NATO European countries and Canada spent around $270 billion on their defense, while the United States spent around $626 billion. No matter how wrong-headed it might be, according to his close advisers Trump seems quite serious about getting out of NATO.
Persons: Peter Bergen, , Donald Trump’s, James Mattis, Trump, , ” Trump, Barack Obama, Greece —, Vladimir Putin, Olaf Scholz, Monday, Putin, United States isn’t “, Angela Merkel, Merkel, John Bolton Organizations: New, Arizona State University, Apple, Spotify, Trump Administration, CNN, NATO, Trump, New York Times, United, Canada Locations: New America, Russia, United States, United Kingdom, Greece, Trump , Russian, Ukraine, Estonia, Lithuania, Romania, Germany, Canada, Japan, Saudi Arabia, New Hampshire, Germans, Washington, New York City, Afghanistan, France
I had a surprising experience on the Venice Simplon-Orient Express, a luxury sleeper train. The train exceeded my expectations with a red carpet, fine dining, and a dress code. But none of those rides surprised me like the Venice Simplon-Orient Express, a luxury Belmond train made of vintage Orient Express carriages that are nearly 100 years old. I recently booked a one-night ride from Paris to Venice, Italy, in the cheapest available accommodation, a private cabin that cost $9,000. This was my first-ever luxury train ride, and while I expected high-end details, some surprises made my trip feel more lavish than I'd anticipated.
Persons: , I've Organizations: Orient Express, Service, Amtrak Locations: Venice, Europe, Coast, Germany, Austria, Italy, Paris
He said he would encourage Russia to do “whatever the hell they want” with a NATO member country who did not meet its defense spending guidelines. How Did Trump Mischaracterize NATO Defense Funding? That stance is not tied in any way to the 2% defense spending target. Which Countries Meet NATO’s 2% Defense Spending Goal? They were:How Did Leaders and Lawmakers React to Trump’s Recent NATO Comments?
Persons: Donald Trump, Trump, we're, , Kathleen McInnis, , ” McInnis, aren't, it's, United States doesn't, Jens Stoltenberg, Trump’s, ” Stoltenberg, NATO Ally, Joe Biden, Nikki Haley –, , Rand Paul of Kentucky, he’s, ” Sen, Marco Rubio, It’s, Lindsey Graham of Organizations: NATO, Trump, Press, Donald Trump View, Ukraine, Center, Strategic, International Studies, NPR, , South Carolina Gov, Republican, CBS, Sen, GOP, CNN, Lindsey Graham of South Carolina, The New York Times Locations: South Carolina, Russia, Germany, France, Norway, NATO, United States, U.S, ” U.S, Florida, Lindsey Graham of South
Many worry that a second term for Trump would be an earthquake, but tremors already abound — and concerns are rising that the U.S. could grow less dependable regardless of who wins. Photos You Should See View All 21 ImagesBiden, in contrast, has made support for Ukraine a key priority and moral imperative. But many of America's European NATO allies are worried that with or without Trump, the U.S. is becoming less reliable. German Chancellor Olaf Scholz said he was “currently on the phone a lot with my colleagues and asking them to do more” to support Ukraine. Dalton, a former U.K. ambassador to Iran, said prospects for the Middle East would be “slightly worse” under Trump than Biden.
Persons: Joe Biden, Donald Trump, Emmanuel Macron’s, Trump, Germany’s Angela Merkel, Britain’s Theresa May, Recep Tayyip Erdogan, Vladimir Putin, Viktor Orbán “, , Biden, Richard Dalton, Olaf Scholz, , Scholz, Macron, ” Macron, Boris Johnson, ” Johnson, Putin, Johnson, ” Bronwen Maddox, ” Trump, hasn't, , Dalton, implore Biden, Itamar Ben, Israel, Turkey’s Erdogan, Sergey Lavrov, George W, Zhao Minghao, ” “, Jiwon, Kirsten Grieshaber, Dasha, Suzan Fraser, Nomaan Merchant Organizations: U.S, Trump, NATO, Congressional Republicans, Centre, Politics, University College London, Mail, Associated Press, Hamas, White, Russian, CBS, Biden, Fudan University Locations: U.S, gridlock, Congress, Ukraine, Europe, United States, British, German, Germany, ” Russia, China, Iran, North Korea, Russia, Tehran, Dalton, Israel, Gaza, Turkey, Shanghai, Seoul, South Korea, Berlin, Dasha Litvinova, Tallinn, Estonia, Ankara, Washington
Can Germany’s sputtering economy be revived in 2024?
  + stars: | 2024-02-10 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +11 min
Europe’s biggest economy shrank last year for the first time since the onset of the Covid-19 pandemic. And the outlook isn’t much brighter: the International Monetary Fund predicts that Germany will be the slowest-growing major economy in 2024, eking out an increase of just 0.5%. “Germany needs a fundamental economic transformation,” Marcel Fratzcher, president of the German Institute for Economic Research in Berlin, told CNN. Carsten Koall/Getty ImagesHomegrown troublesAlongside an external environment that has become more hostile to Germany’s outward-facing economy, the country’s internal political climate has worsened. Businesses such as these, which can find new markets and applications for their know-how, may hold the key to reviving Germany’s moribund economy.
Persons: What’s, ” Marcel Fratzcher, , Carsten Brzeski, Jens Schlueter, Constanze Stelzenmuller, Christian Lindner, Olaf Scholz, Robert Habeck, Carsten Koall, Michael Probst, Karl Haeusgen, ” Sebastian Shukla, Chris Stern Organizations: London CNN — Trains, Lufthansa, International Monetary Fund, European Union, European Commission, German Institute for Economic Research, CNN, ING, Brookings Institution, Volkswagen, Biden, Free Democratic Party, Social Democratic Party and, Green Party, Deutsche, LinkedIn, Investors, SAP, chipmaker Infineon, Intel, MAN Energy Solutions, Germany’s Machinery, Equipment Manufacturers Association Locations: Europe’s, Germany, Ukraine, Berlin, Europe, China, Zwickau, United States, Russia, , Japan, masse, Frankfurt, , Hamburg, Jungheinrich, Augsburg, Munich, Esbjerg, Denmark
Scholz arrived in Washington ready to amplify an argument Biden himself has been making for months now: A Russian win in Ukraine would imperil the West and its allies. He's also looking to highlight that Germany continues to provide robust funding for Ukraine despite budget constraints. Scholz is emphasizing the stakes of the debate for Europe and beyond as House Republicans have blocked new U.S. funding. Heather Conley, president of the German Marshall Fund in Washington, said that Scholz will be looking to hear from Biden on his “Plan B” if Congress remains at loggerheads over funding for Ukraine. U.S. National Security Council spokesman John Kirby said that Biden would make clear to Scholz that despite the “dysfunction” in the House over Ukraine funding, there's broad bipartisan support to continue to back Kyiv.
Persons: Joe Biden, Olaf Scholz, Scholz, Biden, He's, , Vladimir Putin, Putin, Heather Conley, ” Conley, John Kirby, , ” Kirby, ” Scholz, Tracy Brown, Moulson Organizations: WASHINGTON, Ukraine, Republicans, Israel, Union, German Marshall Fund, . National Security, Washington, NATO, AP Locations: Europe, Ukraine, Russia, Washington, Germany, United States, Kyiv, Russian, Israel, U.S, underscoring, House, Kyiv . U.S, Berlin
“I never had the thought in my brain that ‘I want to travel around the world,’” Gee, from Denver, Colorado, tells CNN Travel. They soon began planning an extended trip to Southeast Asia and decided to launch an Instagram page, The Bucket List Family, to collate their adventures. “The little bit of traveling turned into three years full-time,” adds Gee, who has just released a travel guidebook, The Bucket List Family Travel, in partnership with National Geographic. The family went on to visit dozens of countries across the world, including Germany, Morocco, Japan, Brazil, Guatemala and Dominica. Family favoritesThe family of five have traveled to more than 90 countries.
Persons: Jessica Gee, Walt, , Garrett, Dorothy, Manilla, , ” Gee, Gee, Jessica, Garrett Gee, who’ve, Callihan, Calihan, Geographic Gee, you’re, Gee’s, – that’s, it’s, They’ve, don’t Organizations: CNN, Walt Disney, CNN Travel, National Geographic, Gee, Central, East, Rwanda, Geographic, Disney Locations: Europe, Florida, Denver , Colorado, Vladivostok, Russia, Southeast Asia, Thailand, Singapore , New Zealand, Australia, Fiji, Tonga, Germany, Morocco, Japan, Brazil, Guatemala, Dominica, Belize, Central American, Alaska, East African, Rwanda, Hawaii, Africa, Antarctica, China, Borneo
MADRID (Reuters) - Spanish farmers blocked major highways with their tractors for a second day and disrupted access to port terminals as anger spreads in Europe's countryside against high costs, bureaucracy and competition from non-EU countries. "Some countries don't respect the rules, they don't have quality controls," said Juan, who grows lemons in Andalusia, and was on a blockade in front of the access to Malaga port. Fed up by the market situation and encouraged by similar protests in other European countries, Spanish farmers took their tractors out of their barns on Tuesday, two days ahead of protests scheduled by the country's main farmers associations. Over the past few weeks, farmers in European countries including Germany, France and Belgium have held protests that sometimes turned violent. Farmers say demanding rules imposed on them by the EU to protect the environment make them less competitive than peers in other regions, such as Latin America or non-EU Europe.
Persons: Juan, Inti Landauro, Emma Pinedo, Sharon Singleton Organizations: TVE, Farmers, European Commission Locations: MADRID, Europe's, Andalusia, Malaga, Germany, France, Belgium, EU, America, EU Europe
BRUSSELS (Reuters) - Belgian farmers outraged over rising costs, European Union environmental policies and cheap food imports plan to block access roads to the Zeebrugge container port in Belgium, financial daily De Tijd reported on Tuesday. Farmers also disrupted traffic close to the Dutch border on the E19 highway on Tuesday morning, with a tractor convoy heading towards port city Antwerp, state broadcaster RTBF said. Belgian Prime Minister Alexander De Croo is set to meet with farmers' associations on Tuesday. In recent weeks, farmers across Europe including Germany, Poland and Romania have demonstrated over what they call excessive red tape, high fuel costs and unfair competition resulting from liberal European Union trade policies. On Monday, Belgian farmers blocked highways in southern Belgium and parked tractors near to the EU Parliament in Brussels.
Persons: De Tijd, RTBF, Alexander De Croo, Emmanuel Macron, Tassilo Hummel Organizations: Reuters, Farmers, Belgian, European Union, European Commission, South America's Mercosur, GV De Locations: BRUSSELS, Union, Zeebrugge, Belgium, Antwerp, Europe, Germany, Poland, Romania, Belgian, France, Paris, Brussels
The Direct File pilot program is rolling out in stages. The agency estimates that several hundred thousand taxpayers are eligible for the initial rollout in the 2024 tax season. Four other states that have a state income tax also are part of the pilot program — Arizona, Massachusetts, California and New York. In those four, state tax agencies will help people directly file their state taxes as well. “Direct File is one step toward getting the IRS in line with 21st century tax administration,” Olson said.
Persons: , Danny Werfel, Nina Olson, ” Olson, Werfel, Tania Mercado, ” Robert Nassau, preparers, Organizations: WASHINGTON, IRS, Center for Taxpayer Rights, Organization for Economic Cooperation, Development, Republicans, Intuit, Low, Clinic, Syracuse University College of Law Locations: Florida , New Hampshire , Nevada , South Dakota , Tennessee , Texas, Washington, Wyoming, Arizona , Massachusetts, California, New York, Germany, Japan
London CNN —Germany is bracing for widespread disruption to rail services after train drivers embarked on a record six-day strike Wednesday, which will further strain crucial supply chains and deal a new blow to the sputtering economy. The state-owned rail operator said the action would cause “massive disruptions” to long-distance, regional and city commuter services until Monday. That was a major drag on the economy overall, with gross domestic product falling 0.3% in 2023, likely the weakest performance among Europe’s big countries. The strike represents “a major logistical challenge” for the chemical and pharmaceutical sector, the German Chemicals Industry Association told CNN. Germany’s supply chains are already struggling because of attacks on ships in the Red Sea.
Persons: Joerg Kraemer, , , Anja, GDL, Claus Weselsky, Tesla, Michael Groemling, Chris Stern Organizations: London CNN —, Germany’s, Deutsche Bahn, Freight, Deutsche Bahn’s, German Chemicals Industry Association, CNN, German Association of, Automotive Industry, Tuesday Deutsche Bahn, Cologne Institute, Economic Research Locations: London CNN — Germany, Germany, Germany’s, , Red, Berlin
Since China reopened its borders in 2023 after three years of Covid isolation, domestic travel has thrived and high-speed rail has grown increasingly popular. Before the pandemic, Chinese travelers were the world’s biggest spenders, accounting for 20 percent of global tourism spending, according to the United Nations World Tourism Organization. Among the changes: China has waived travel visas or agreed to extend the length of visa-free travel for visitors from eight countries, including Germany and France. The main factor holding back international travel by Chinese will continue to be China’s economy. As they think twice about their business in China, travel suffers.
Organizations: United Nations World Tourism Organization Locations: China, Germany, France, United States, Europe
And underpinning that racism is what Wilkerson refers to as a caste system so effective at preserving the domination of White people over everyone else that the Nazis were inspired by it. Caste, Wilkerson says, is the system that creates subjugation. We watch Isabel exploring Germany’s poignant memorials to the Jewish victims of the Holocaust, discussing in one scene how successfully post-war Germany condemned its 12-year caste system to the past. Among Black Americans, attitudes to race are evolving. Every single one of us has skin in the game, for, as Wilkerson points out, the caste system diminishes us all, wherever we may sit in its fabricated hierarchy.
Persons: Keith Magee, Ron DeSantis, Nikki Haley, “ We’ve, Keith Magee Arron Dunworth, Ava DuVernay, Isabel Wilkerson’s, Wilkerson, , , ” Keith Magee, DuVernay, Aunjanue Ellis, Taylor, Du Bois, Martin Luther King Jr, it’s, Ellis, Isabel, MAGA, Hurt, ” Wilkerson, don’t, It’s Organizations: University College London Institute for Innovation, CNN, GOP, Fox News, Black Locations: White, India, Nazi Germany, Black, Germany
I'm a travel reporter who has spent 150 hours on long-haul flights. I've found that trips under two weeks aren't worth enduring the long-haul flights they require. AdvertisementI've spent 150 hours on 22 long-haul flights, starting when I was a kid. It takes three long-haul flights and roughly 24 total hours of travel to get there from my home in NYC. AdvertisementAll that to say, in 2024, I'll make sure my long-haul trips are at least two weeks long so I know they're worth enduring before booking.
Persons: I've, , Joey Hadden, I Organizations: Service, Business, Environmental Protection Agency Locations: Guam, Europe, Germany, Austria, France, Spain, Italy, Switzerland, Paris, Barcelona
Released Tuesday, it finds the average international math score fell by the equivalent of three-quarters of a year of learning. Reading scores fell by the equivalent of half a year. Reading scores fell by 10 points. A national study in the U.S. last year found math scores fell by more than ever, with reading scores dropping to 1992 levels. It was joined in the upper echelons by other East Asian countries including Japan and China.
Persons: , Peggy Carr, , didn’t, Jordan, Miguel Cardona, Joe Biden’s Organizations: WASHINGTON, , Program, Organisation for Economic Co, OECD, Reading, National Center for Education Statistics, U.S . Education Department, Associated Press, Carnegie Corporation of New, AP Locations: United States, Germany, Iceland, Netherlands, U.S, Belgium, Finland, Canada, France, Sweden, Brazil, Ireland, Singapore, Japan, China, Estonia, Albania, Norway, Saudi Arabia, Dominican Republic, Cambodia, Carnegie Corporation of New York
France puts country on 'high' alert for bird flu
  + stars: | 2023-12-05 | by ( ) www.reuters.com   time to read: +1 min
PARIS, Dec 5 (Reuters) - France raised the risk level of bird flu to 'high' from 'moderate' on Tuesday after the detection of new cases of the disease, forcing poultry farms to keep birds indoors to stem the spread of the highly contagious virus. Avian influenza, commonly known as bird flu, has led to the culling of hundreds of millions birds worldwide in recent years. France said last week that it had detected a first bird flu outbreak on a farm this season in Brittany, in the northwest of the country. The "high" risk level implies that all poultry should be kept inside on farms and additional security measures taken to avoid a spread of the disease. Reporting by Sybille de La Hamaide and Gus Trompiz; Editing by Sudip Kar-Gupta, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
Persons: Sybille de La Hamaide, Gus Trompiz, Sudip Kar, Gupta, Kirsten Donovan Organizations: Thomson Locations: France, Germany, Netherlands, Belgium, Brittany
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsCompanies Iberdrola SA FollowRwe Ag FollowMADRID, Dec 5 (Reuters) - Spanish renewable energy giant Iberdrola (IBE.MC) and UAE clean energy developer Masdar have formed a 15 billion euro ($16.2 billion) alliance to invest in offshore wind and green hydrogen in countries including Germany, Britain and the United States. The agreement announced on Tuesday follows a pledge by 118 countries at the COP28 climate summit in Dubai to triple the world's renewable energy capacity by the end of the decade as they seek to wean themselves off fossil fuels. "Reaching this goal will require immediate action from these governments and the private sector," said Iberdrola Executive Chairman Ignacio Galan. "With an abundance of wind resources, the UK and Europe are prime markets for Masdar," said Masdar Chief Executive Mohamed Jameel Al Ramahi. Last week Masdar and Germany's RWE (RWEG.DE) said they would co-develop a 3 GW wind project off the coast of Britain.
Persons: Dado Ruvic, Ignacio Galan, Mohamed Jameel Al Ramahi, Germany's, Iberdrola, Pietro Lombardi, Jakub Olesiuk, Kirsten Donovan, David Goodman Organizations: REUTERS, East Anglia, Masdar, China, Thomson Locations: MADRID, UAE, Germany, Britain, United States, Dubai, Iberdrola's, East, Spanish, Europe, Baltic
Duolingo is set to take its viral TikTok marketing to the Super Bowl. The language-learning app plans to run a five-second ad during the Super Bowl game on February 11, Manu Orssaud, Duolingo's chief marketing officer, told Business Insider. It won't be a national Super Bowl ad and instead target local markets regionally. The Super Bowl ad is also set to include a digital component and be "something surprising, something that hopefully will get people talking," Orssaud said. YouTube Shorts' audience skews toward men more than TikTok, and Duolingo is creating repeatable, series-driven content specifically for YouTube Shorts, Orssaud said.
Persons: Manu Orssaud, Orssaud, Reddit, Duolingo Duolingo, Duolingo, Duo, Barbie, Lily, there's Organizations: Super, Business, Warner Bros, YouTube, Brands, Adidas Locations: Germany, Japan, TikTok
LITTLETON, Colorado, Nov 30 (Reuters) - Over 60% of global electricity generated so far in 2023 was produced by fossil fuels, despite the ongoing aggressive roll-out of renewable energy sources in every major economy. Fossil fuels remain the primary source of global electricity despite steep gains in clean power outputBut with the energy systems of so many influential countries still so dependent on fossil fuels, there is little chance that COP28 meetings will yield the kind of bold power sector overhauls that ardent climate activists may hope for. Global electricity generation by sourceCoal's staying power as the main pillar of the global electricity generation system is at odds with widely held assumptions that coal is being phased out of power systems due to plant closures seen in Western economies in recent years. GAS ON THE UPNatural gas has the second largest share of electricity generation globally, accounting for around 22.6% of total generation so far this year. RENEWABLE REPLACEMENTSWorldwide, electricity generation from renewable sources has grown at nearly triple the pace of fossil fuels since 2019, providing a boost to supporters of the energy transition away from fossil fuels.
Persons: Gavin Maguire, Christopher Cushing Organizations: United Nations, Global, Reuters, Thomson Locations: LITTLETON , Colorado, United States, China, India, Japan, Poland, Turkey, Dubai, Europe, North America, Asia, Indonesia, Philippines, Germany, South Korea
BRUSSELS/DUBAI, Nov 30 (Reuters) - Countries at the U.N.'s COP28 climate summit opening on Thursday hope to clinch an early deal on a new fund to pay for climate-caused damage, aiming to muster some political goodwill before talks turn to divisive topics including the future of fossil fuels. With finance also high on the meeting agenda, the United Arab Emirates' COP28 presidency published a proposal on the eve of the summit, for countries to adopt a new U.N. climate damage fund - raising hopes among some delegates that this could be among the first deals struck in Dubai. "Opening these negotiations is like opening Pandora's box. Adnan Amin, CEO of the COP28 summit, told Reuters this month the aim was to secure several hundred million U.S. dollars for the climate damage fund during the event. A breakthrough on the climate damage fund - which poorer nations have demanded for years - could help grease the wheels for other compromises.
Persons: Wopke Hoekstra, Adnan Amin, Kate Abnett, Valerie Volcovici, Katy Daigle, Matthew Lewis Organizations: United Arab, Reuters, The European Union, Thomson Locations: BRUSSELS, DUBAI, Dubai, United Arab Emirates, Germany, Denmark, Netherlands, China, UAE, Brussels, Washington
It's clear how that will end.”Germany’s constitutional court has voided some 60 billion euros ($65 billion) in spending for this year and next. Without yet another emergency declaration next year, the government would have to scramble to cover shortfalls of roughly 30 billion to 40 billion euros — plus 20 billion to 30 billion euros for 2025 — compared with earlier plans, according to Holger Schmieding, chief economist at Berenberg bank. The fallout has left Germany projected to be the worst-performing major economy this year, shrinking by 0.5%, according to the International Monetary Fund. That has led to calls from some to loosen the debt limits because they restrict the government's response to new challenges. Yet even some opposition state governors have said the debt limits should be loosened.
Persons: Chancellor Olaf Scholz, “ We've, Robert Habeck, , , Holger Schmieding, Schmieding, Free Democrats doesn't, Kai Wegener Organizations: U.S, International Monetary Fund, Industry, Volkswagen, BMW, Mercedes, Benz, Seven, Social Democrats, Greens, Free Democrats, Christian Democrats, Berlin Locations: FRANKFURT, Germany, Ukraine, Russia, China, Berenberg, East Germany, Europe, Britain, U.S, Italy, Japan
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