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☆ The first commercial transatlantic flight powered completely by green fuels is in the air, but critics say it's a gimmick and a joke
▼ + stars: | 2023-11-28 | by ( Pete Syme | Taylor Rains | ) www.businessinsider.com time to read: +3 min

Virgin Atlantic is operating the first transatlantic flight on a commercial airliner powered by 100% SAF. But it costs more than double conventional jet fuel, and production is lagging behind demand. Virgin Atlantic is operating the Boeing 787-9 Dreamliner to New York's JFK Airport, where it's expected to arrive around 2 p.m. "And if we didn't prove it can be done, you would never, ever get sustainable aviation fuel." On Monday, Emirates flew the world's first Airbus A380 demonstration flight using 100% SAF.

Persons: it's, Shai Weiss, Sir Richard Branson, There's, Weiss, Critics, Cait Hewitt Organizations: Virgin, SAF, Service, Virgin Atlantic, Boeing, New York's JFK, International Air Transport Association, BBC, Aviation Environment Federation, CNN, Guardian, UK's Department for Transport, Monday, Emirates, Airbus, Gulfstream, Gulfstream G600 Locations: New, Georgia, England

☆ Here's the latest sign India will be a key growth market for Apple
▼ + stars: | 2023-11-28 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

AAPL YTD mountain Apple (AAPL) performance year-to-date Foxconn's China-based factories have been crucial for the production of iPhones and other Apple products likes MacBooks. Those issues, along with heightened U.S.-China tensions, prompted Apple — and suppliers like Foxconn — to expand into India. CEO Tim Cook has previously told CNBC that India presents a "huge opportunity" for Apple in terms of iPhone sales and manufacturing. And over the summer, Apple announced it had started production on the next-generation iPhone 15 in India. While China's economy remains under pressure post-pandemic, the Indian market offers significant growth opportunities for a company like Apple.

Persons: Apple, Apple —, Tim Cook, Morgan Stanley, Jim Cramer's, Jim Cramer, Jim, Punit Paranjpe Organizations: Foxconn Technology, Apple, CNBC, Afp, Getty Locations: India, China, Mumbai, Punit

Speaking to parliament, Scholz went into Germany's recent history of the COVID pandemic, the war in Ukraine and soaring energy prices to extend a suspension of self-imposed borrowing limits to tackle a crisis that has knocked his coalition. A constitutional court ruling nearly two weeks ago blocked the government's plans to reallocate unused pandemic funds towards green initiatives and industry support, raising fears Germany's economy could be further weakened. Scholz's assurances that his government would solve the budget crisis with care were met with jeers and laughter from the opposition Christian Democrats (CDU), whose lawsuit against the government had sparked the earlier court ruling. He underscored support for Ukraine, after the recent budget turmoil raised questions over how much military aid Berlin was willing to commit. "It is also clear that we must not let up in our support for Ukraine and in overcoming the energy crisis.

Persons: Olaf Scholz, Christian Lindner, Robert Habeck, Friedrich Merz, Scholz, Germany's, Berlin, Scholz's, " Merz, Andreas Rinke, Christian Kraemer, Miranda Murray, Rachel More, Matthias Williams, Kirsti Knolle, Bernadette Baum Organizations: Climate, Christian Democratic Union, CDU, Bundestag, Christian Democrats, Ukraine, Finance, Thomson Locations: BERLIN, Ukraine, Germany, East Germany

☆ Thais give digital spin to ancient 'floating basket' festival
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

Over the centuries, people have sent 'krathongs' - small, baskets made from plants and loaded with flowers, candles and bamboo - down waterways to make wishes and pay their respects to water spirits. The beautiful 'floating basket' or Loy Krathong festival lights up Bangkok's canals and rivers at night - but often leaves organisers scrabbling to clear canals clogged up with hundreds of thousands of soggy vessels the next morning. This will help reduce waste," said 11-year-old Jirayada Surapant, showing off her design by a Bangkok canal on Monday evening. Across the capital, monks set out in row boats to scoop up the physical krathongs and recycle them into animal feed. Reporting by Napat Wesshasartar, Artorn Pookasook and Thomas Suen; Writing by Chayut Setboonsarng, Edited by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Loy Krathong, Loy, scrabbling, Mathee Vatchara Prachatorn, Napat Wesshasartar, Artorn Pookasook, Thomas Suen, Chayut Setboonsarng, Andrew Heavens Organizations: Thomson Locations: Samut Songkram, Thailand, BANGKOK, Bangkok

[1/7] Hota's CEO Holly Sheng poses for a photo in their factory in Taichung, Taiwan November 13, 2023. The crates of shafts and gears at the factory contain some of the more than 20 million parts Hota produces each year. Hota's factory will be near Texas, home to Tesla's headquarters, and Mexico, where Tesla plans to build a gigafactory. Most Taiwanese manufacturers seeking a North American foothold choose Mexico over the United States due to costs, Sheng said. Similarly, Hota would never be able to completely replace its established Taiwan production base.

Persons: Holly Sheng, Ann Wang, Sheng, Hota, Tesla, Sarah Wu, Anne Marie Roantree, Sam Holmes Organizations: REUTERS, Rights, Mfg, Ford Motor, General Motors, Hota, Reuters, DETROIT, Hota's, Washington incentivises, Thomson Locations: Taichung, Taiwan, Rights TAICHUNG, Hota's, China, North America, New Mexico, Asia, United States, Santa Teresa , New Mexico, Mexico, Detroit, U.S, Texas, American, Washington, Arizona

Hostages and Missing Families ForumAda Sagi, 75, a resident of Kibbutz Nir Oz, has taught Hebrew and Arabic, according to the Hostages and Missing Persons Families Forum. Hostages and Missing Families ForumRimon Kirsht, 36, and her husband, Yagev Buchshtab, 34, were kidnapped from Kibbutz Nirim on Oct. 7. Hostages and Missing Families ForumOfelia Roitman, 77, moved to Israel from Argentina in 1985, according to a Facebook post by the Hostages and Missing Persons Families Forum. She lived in Kibbutz Nir Oz and has nine grandchildren. She worked in education in the kibbutz for many years, according to the Hostages and Missing Families Forum.

Persons: Marman, Nir Yitzhak, Luis Norberto Har, Fernando Marman, Gabriela Leimberg, Leimberg’s, Mia Leimberg, Moshe Leimberg, Mia’s, Leimberg, “, ”, Mia, “ We’re, ” Mr, Har, Ditza Heiman, Kibbutz Nir Oz, Gideon Heiman, Heiman, Sharon Kleitman, Mr, Neta Heiman, ” Ms, ” “, ” Neta Heiman, ” Tamar Metzger, Tamar Metzger, Yoram Metzger, Tamar, Noralin Babadila, Kibbutz Nirim, Gideon Babani, Babadila, Ada Sagi, Nir Oz, Meirav Tal, Yair Yaakov, Rimon Kirsht, Rimon, Yagev Buchshtab, Kirsht, Buchshtab, Adit, Roitman, Natalie Madmaon, Kan, Madmaon, Johnatan Reiss Organizations: LinkedIn, Jersualem, School of, Arts, International Committee, Hamas, Haaretz, Kibbutz, Associated Press, Forum, Mr Locations: Jerusalem, Gaza, Eden, of Israel, Philippines, Yehud, Israel, The Times, Poland, London, Maslan, Argentina

☆ IAEA says a dozen countries to be equipped with nuclear power
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +1 min

Rafael Mariano Grossi, director general of the International Atomic Energy Agency, speaks at a news briefing in Okuma, northeastern Japan, Wednesday, July 5, 2023. Hiro Komae/Pool via REUTERS Acquire Licensing RightsPARIS, Nov 28 (Reuters) - A dozen countries are expected to start producing electricity from nuclear power sources within the next few years, the director general of the International Atomic Energy Association (IAEA) Rafael Mariano Grossi said on Tuesday. "We already have 10 countries which have entered the decision phase (to build nuclear power plants) and 17 others which are in the evaluation process," he said. "There will be a dozen or 13 (new) nuclear countries within a few years," he added. Ghana, Kenya, Morocco, Nigeria, Namibia, the Philippines, Kazakhstan and Uzbekistan were cited by Grossi as potential new nuclear countries.

Persons: Rafael Mariano Grossi, Hiro Komae, Grossi, Benjamin Mallet, Forrest Crellin, Bernadette Baum Organizations: International Atomic Energy Agency, REUTERS Acquire, Rights, International Atomic Energy Association, Thomson Locations: Okuma, Japan, Paris, Ghana, Kenya, Morocco, Nigeria, Namibia, Philippines, Kazakhstan, Uzbekistan

☆ The cost of climate policies: Hard-pressed consumers are pushing back
▼ + stars: | 2023-11-28 | by ( Hanna Ziady | ) edition.cnn.com time to read: +11 min

In a 2022 Pew survey covering 19 countries in North America, Europe and the Asia-Pacific region, climate change was named the top global threat. Aira UK“There is no trade-off between (installing a heat pump), saving the planet and at the same time saving the pockets of consumers,” CEO Martin Lewerth told CNN. “If you’re living outside Scandinavia and you want a heat pump, it’s not a hassle-free experience,” Lewerth acknowledged. “There is no scenario in which delay is the cheaper option with climate change,” said Bob Ward, policy and communications director at the Grantham Research Institute on Climate Change and the Environment at the LSE. “If we’d invested more in renewable energy… energy bills wouldn’t have gone up so much, which disproportionately impacted on poor households,” Valero at the LSE told CNN.

Persons: ”, ” Brett Meyer, Tone, Tony Blair, ” Langengen, Meyer, Anna Valero, Keith Mayhew, Oliver Blume, doesn’t, Rishi Sunak, Kelley, Martin Lewerth, Sunak, ” Lewerth, “, Bob Ward, we’d, ” Valero, Tim Jackson Organizations: London CNN, Times Radio, Tony, Tony Blair Institute for Global, Pew, London School of Economics, Political Science, CNN, HSBC, carmakers, Volkswagen, Grantham Research, LSE, ”, Swiss, Confederation of British Industry, Centre, Prosperity, University of Surrey Locations: London, Europe, North America, Asia, Pacific, Greece, United Kingdom, United States, Germany, “, Norway, Sweden, Aira, Essex, Swedish, Britain, Scandinavia, Grantham, Ukraine

☆ Virgin Atlantic plane will fly from London to New York with 100% Sustainable Aviation Fuel. Experts say it’s not a fix
▼ + stars: | 2023-11-28 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +7 min

CNN —For the first time, a transatlantic flight operated by a commercial airline will be powered by 100% Sustainable Aviation Fuel (SAF) — a type of plane fuel that bears the promise of a much lower climate impact than traditional ones. The flight is the latest in a series of recent tests involving 100% SAF. Days earlier, business jet maker Gulfstream completed what it billed as the world’s first transatlantic flight using 100% SAF. Large twin-engine jets have performed flights using 100% SAF on both engines before, but these flights involved military aircraft. “One flight on 100% alternative fuel isn’t going to change the fact that 99.9% of aviation fuel is fossil fuel and there’s no great option for feedstock (raw materials) that can be scaled up sustainably,” she says.

Persons: Virgin Atlantic, Cat Hewitt, Hewitt, we’re, there’s, Giuseppe Cacace, Graham Hutchings, ”, “, ” Matteo Mirolo, ” Hewitt Organizations: CNN, Aviation Fuel, New York’s JFK, Virgin Atlantic, Boeing, Virgin, SAF, UK Civil Aviation Authority, Emirates, Airbus, Gulfstream, International Air Transport Association, Aviation Environment Federation, An, An Emirates Airbus, Getty, Royal Society, European Federation for Transport Locations: London Heathrow, New York’s, An Emirates, AFP

☆ First long-haul flight fully powered by sustainable aviation fuel takes off
▼ + stars: | 2023-11-28 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

Flight100, Virgin Atlantic's world first 100% Sustainable Aviation Fuel (SAF) transatlantic flight by a commercial airline is fuelled ahead of its take off from London Heathrow to New York JFK on Tuesday 28 November 2023. LONDON — The first trans-Atlantic flight using 100% sustainable aviation fuel departed London for New York on Tuesday as the industry seeks to prove the viability of greener air travel. Sustainable aviation fuel — also known as SAF — is an umbrella term for non-fossil-derived fuels, including biofuels derived from plant or animal materials, municipal waste and agricultural residues. It still produces emissions, but proponents argue the overall "lifecycle emissions" from the fuel are significantly lower than from regular petroleum-based fuel. There are relatively few SAF production plants or companies transporting it globally, with incentives for producers hampered by low margins.

Persons: Shai Weiss Organizations: Aviation Fuel, SAF, New York JFK, LONDON, New York, Virgin Atlantic's Boeing, AirBP, Virgin, U.K, Civil Aviation Authority, Royal Society, Virgin Atlantic, Government Locations: London Heathrow, New York, London, New

☆ An island vacation with no mosquito bites – and no chemicals, either
▼ + stars: | 2023-11-27 | by ( Regan Stephens | ) edition.cnn.com time to read: +6 min

Soneva Fushi, a resort on the private Kunfunadhoo Island in the Maldives, has spent years working to eradicate these pests. Soneva has partnered with the Germany-based company Biogents, which has developed mosquito traps that rely on environmentally friendly attractants. A Biogents-created mosquito trap at Soneva Fushi Courtesy Soneva FushiWhat’s more, these techniques are typically only useful for eliminating adult mosquitoes. An overwater bungalow at Soneva Fushi Sandro Bruecklmeier/Courtesy Soneva FushiThe pest-combatting program has been a success, according to Soneva. The resort chain has gifted mosquito traps to Parliament in Malé, the country’s capital, and trained staffers on how to use them.

Persons: Soneva, “, ”, Arnfinn Oines, Oines, Fushi Sandro Bruecklmeier, Fushi, Sonu, Eva Shivdasani, Soneva Jani Organizations: CNN Locations: Maldives, Germany, GAT, Kunfunadhoo, Malé, Medhufaru, Noonu

☆ Explainer: What is Alberta's Sovereignty Act?
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +4 min

Below are some key aspects of the act:WHAT IS THE ALBERTA SOVEREIGNTY ACT? Alberta Sovereignty Within a United Canada Act was approved by the legislature in December 2022 after the initial bill was diluted to its current form. The act affirmed that the Alberta legislature, not Smith's cabinet, would have the last word on lawmaking. The Sovereignty Act was one of the most eye-catching policies Smith promised to introduce after becoming premier last year. Former conservative premier Jason Kenney has blasted the Alberta Sovereignty Act as a "full-frontal attack on the rule of law" that risked turning Alberta into a "banana republic".

Persons: Danielle Smith, Todd Korol, Justin Trudeau's, Smith, " Smith, Trudeau, Jason Kenney, Denny Thomas, Rod, Deepa Babington, Aurora Ellis Organizations: Calgary Stampede, REUTERS, Smith's United Conservative Party, Liberal, ACT, Alberta, United, First Nations, Ottawa, federal National Energy Program, Wildrose Party, Reuters, Former, Thomson Locations: Alberta, Calgary , Alberta, Canada, ALBERTA, United Canada, Saskatchewan, Alberta . Alberta, Ottawa

☆ "Calm plants the seed for crazy"… or, investing in the inevitable
▼ + stars: | 2023-11-27 | by ( Bob Pisani | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email"Calm plants the seed for crazy"… or, investing in the inevitableMorgan Housel, author of "Same as Ever" and partner at the Collaborative Fund, and Dave Nadig, VettaFi financial futurist, join CNBC's Bob Pisani on 'ETF Edge' to discuss the impact of human behavior on investing.

Persons: Morgan Housel, Dave Nadig, Bob Pisani Organizations: Collaborative Fund

The United States, European Union and many climate-vulnerable countries are insisting on a final COP28 deal that commits countries to phase out fossil fuels. While the International Energy Agency says these emissions-abatement technologies are crucial for meeting global climate goals, they are also expensive and not currently used on a large scale. But the EU and some climate-vulnerable countries insist on pairing this pledge to boost renewables with phasing out fossil fuels, setting up a clash. FINANCING FOR THE COSTS OF CLIMATE CHANGETackling climate change and its consequences will take an astonishing amount of investment - far more than the world has budgeted so far. At COP28, countries will be tasked with setting up a "loss and damage" fund to help with this, which developing nations say should unlock at least $100 billion by 2030.

Persons: Sultan al, Jaber, Kate Abnett, Katy Daigle, Josie Kao Organizations: European, COP28, International Energy Agency, European Union, EU, U.S, United Arab Emirates, Thomson Locations: Dubai, Paris, COP26, United States, European Union, Russia, UAE, EU, China, COP28

Vietnam's Prime Minister Pham Minh Chinh attends the retreat session of the 43rd Association of Southeast Asian Nations (ASEAN) Summit in Jakarta, Indonesia, September 5, 2023. The document, known as Resource Mobilisation Plan, has to be agreed with investors ahead of the UN Climate Change Conference (COP28) which begins on Thursday in Dubai. Vietnam's Prime Minister Pham Minh Chinh will attend the COP28 from Nov 30 to Dec 3, the government portal said, raising expectations that the plan could be announced there. A second foreign official said there was no major issue pending, and approval of the final version "is very nearly there." There is no certainty that Vietnam would actually take the loans on offer, and the communist government has been reluctant to take foreign loans in the past.

Persons: Pham Minh Chinh, Mast, Francesco Guarascio @fraguarascio, Khanh Vu, Simon Cameron, Moore Organizations: Vietnam's, 43rd Association of Southeast Asian Nations, ASEAN, Rights, Change, Reuters, of, Thomson Locations: Jakarta, Indonesia, Rights HANOI, Vietnam, Dubai, Hanoi

☆ No worries, Gen Z! I hated the 9-to-5 work schedule, too. This simple mindset shift changed everything.
▼ + stars: | 2023-11-27 | by ( Henry Blodget | ) www.businessinsider.com time to read: +6 min

Gen Zers are sounding off about the soullessness and exhaustion of corporate work. Some members of Gen Z have gone viral recently for their frustrations with 9-to-5 hours and "soulless" corporate work. For one thing — and it was a big thing — the corporate job came with a salary and benefits. So, for me, despite a rough start, the soulless corporate 9-to-5 thing (more like 7-to-10 in that industry) eventually worked out. Eventually, your priorities may change, and corporate work and its schedules may seem less soul-sucking and more rewarding.

Persons: —, Gen Z, didn't Organizations: Service

Here are some of the main players and negotiating blocs involved in the COP28 conference starting Nov. 30 in Dubai. In climate negotiations, Beijing argues that wealthy developed countries like the United States, the biggest historical CO2 emitter, should move first and fastest in climate policy and finance. Despite having the world's second largest economy after the United States, China considers itself as a developing nation in the climate talks. But U.S. delegates will face pressure for climate finance after Washington pledged no new climate cash to the United Nations this year. AFRICAN GROUP OF NEGOTIATORSAfrican countries will be pushing at COP28 for climate finance and financial mechanisms to speed up green energy projects.

Persons: Rula, Kate Abnett, Katy Daigle, Josie Kao Organizations: Abu Dhabi Sustainability, REUTERS, UNITED, Washington, United Nations, EU, GROUP, Marshall, European Union, Thomson Locations: UAE, Abu Dhabi, Dubai . CHINA China, China, Beijing, United States, U.S, Union, United, United Kingdom, London, Brazil, South Africa, India, Saudi Arabia, CHINA, Kenya, Ethiopia, Senegal, Mozambique, Vanuatu, Costa Rica

Now, at Qcells, a solar panel company, robots patrol acres of shop floor where delicate solar cells are packaged, laminated and boxed into sophisticated panels — 6,000 a day — in a highly automated production line. Both plants will employ thousands of people, underwritten by President Biden’s signature clean energy initiative, the Inflation Reduction Act. “We’re advancing and keeping up with the world.”But rather than bragging, Qcells executives are raising an alarm. The Biden clean energy initiative is bringing plants like theirs on line at breakneck speed. And the rate of production — at home and abroad — has created the prospect of a glutted market that threatens to drive down the price of solar panels as the supply outpaces demand.

Persons: Dalton, Biden’s, “, ” Wayne Lock, Biden, — Organizations: Biden Locations: Ga, Qcells, Georgia

A Tesla sign is pictured outside the Tesla Gigafactory 2 in Buffalo, New York, U.S., February 13, 2022. A National Labor Relations Board (NLRB) regional official on Friday tossed out a complaint filed in February by Workers United, a union seeking to organize workers at Tesla's Buffalo, New York "gigafactory." Workers United claimed that within days of announcing a union campaign earlier this year, Tesla fired dozens of workers from its Autopilot department. Tesla and Workers United did not immediately respond to requests for comment. President Joe Biden said this month that he supported the union's efforts to organize workers at Tesla and Toyota.

Persons: Carlo Allegri, Tesla, Kayla Blado, Blado, Joe Biden, Elon Musk, tweeting, Daniel Wiessner, Aurora Ellis, Alexia Garamfalvi Organizations: REUTERS, Tesla Inc, National Labor Relations Board, Workers United, Workers, United Auto Workers, UAW, Detroit Three, Tesla, Toyota, NLRB, Thomson Locations: Buffalo , New York, U.S, New York, Tesla's Buffalo , New York, Buffalo, Florida, Fremont , California, Albany , New York

☆ Nuclear's uncertain role in the shift away from fossil fuels is seen as critical and very contentious
▼ + stars: | 2023-11-27 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +4 min

It's set to be a hot topic at the COP28 summit in Dubai, which begins this week. There are reports that there will be a concerted effort to get behind a big increase in nuclear capacity from now to 2050. "As more nations understand the role nuclear can play in achieving energy security and decarbonisation targets, global support for nuclear energy is growing," he added. "The phase-out of nuclear power makes our country safer; ultimately, the risks of nuclear power are uncontrollable," Steffi Lemke, Germany's federal minister for the environment and nuclear safety, said in April. France, a major player in nuclear power, is also planning to increase its number of reactors.

Persons: Janos Kummer, Atoms4NetZero, Rafael Mariano Grossi, Friedrich Merz, CNBC's Annette Weisbach, Merz —, Chancellor Olaf Scholz —, Steffi Lemke Organizations: Getty, International Atomic Energy Agency, CNBC, World Nuclear Association, IAEA, Christian Democratic Union, Greenpeace, Germany —, — Locations: Slovakia, Dubai, United Arab Emirates, COP28, Germany, Sweden, France

People who claimed the power to control nature and the energy resources around them saw the environment as a tool to be used for progress, historians say. Over hundreds of years, that impulse has remade the planet's climate, too — and brought its inhabitants to the brink of catastrophe. Tapping nature for its resources drove progress and productivity for some, but it's also been a major driver of emissions and environmental degradation. By the mid-19th century, steam power was adopted in manufacturing, cotton mills, steam ships and locomotives around the world, turning coal into a global trade. Centuries later, the United Kingdom has nearly weaned itself off coal, with weeks or months at a stretch where the national grid gets no coal power.

Persons: ”, Luis Zambrano, it's, Anya Zilberstein, ” Zilberstein, Vera S, Candiani, Jan Golinski, “, ” Golinski, Deborah Coen, Andreas Malm, Barak, it’s, J.R, McNeill, ” McNeill, Victor Seow, Elizabeth Chatterjee, “ Indira Gandhi, Chatterjee, Joshua Howe, Howe, Yale's Coen, —, ” Howe, Fredrik Albritton Jonsson, Jonsson Organizations: National University Autónoma, Concordia University, Mexico City —, America, Princeton, University of New, Yale, Lund University, Tel Aviv University, Laboratory, Global, Project, Energy, Georgetown University, Communist, University of Chicago, Reed College, . Environmental Protection Agency, U.S, AP Locations: Nations, Mexico, Lake Texcoco, Montreal, Spanish, University of New Hampshire, Maui, Britain, Sweden, ”, India, Egypt, Nigeria, Ottoman Empire, United Kingdom, Cumbria, England, Wales, Scotland, China, Japan, U.S, Europe, United States, British, Portland , Oregon

She replaces Mafalda Duarte, who left in July 2023 to lead the Green Climate Fund. Luis Tineo, interim CEO, will lead CIF until March, 2024. "Developing countries are at the forefront of the climate crisis, and we will only meet this decisive moment by working together to scale climate finance where it is needed most," Gbadegesin said in a statement. Among the largest multi-lateral climate funds in the world, CIF offers projects highly concessional capital that can leverage development bank and private sector money to fund low carbon, climate-resilient development. As well as the World Bank Group, including the International Finance Corp, CIF invests through the African Development Bank, the Asian Development Bank, the European Development Bank, and the Inter-American Development Bank.

Persons: Mafalda Duarte WASHINGTON, Tariye Gbadegesin, Gbadegesin, Mafalda Duarte, Luis Tineo, ”, Bob Natifu, Edward Webber, Simon Jessop, Valerie Volcovici, David Gregorio Our Organizations: Global, Investment Funds, World Bank, ARM Harith Infrastructure Investments, Climate Fund, Initiative, International Monetary Fund, Boston Consulting, Africa Finance Corp, Trust Fund Committee, International Finance Corp, African Development Bank, Asian Development Bank, European Development Bank, Inter, American Development Bank, Thomson Locations: South Africa, Indonesia

☆ Scientists Are Racing to Protect Grass From Climate Change. Your Cheap Burger Is at Stake.
▼ + stars: | 2023-11-26 | by ( Mike Cherney | Photographs Ruth Mcdowall For The Wall Street Journal | ) www.wsj.com time to read: 1 min

HAMILTON, New Zealand—Scientists here are betting that a small field surrounded by cattle farms will help to solve a crucial problem threatening the global food supply: how to keep the grass and other plants that livestock eat in pastures from wilting under extreme heat and drought. The field is part of an experiment that aims to develop new varieties of pasture plants that can tolerate high temperatures, less rain and more variability in the weather that is expected from climate change. Researchers around the world, from the U.S. to Europe, are racing to conduct similar trials with their own local grass species.

Organizations: New Zealand — Locations: HAMILTON, New Zealand, wilting, U.S, Europe

A constitutional court ruling on Nov. 15 against a budget manoeuvre to get around Germany's "debt brake" threw the financial plans of Chancellor Olaf Scholz's coalition into disarray. "As I have long been saying, we must fear that the debt brake becomes ever more a brake on the future," said Berlin mayor Kai Wegner on social media platform X. "The debt brake was implemented when Europe had a debt sustainability issue and Germany wanted to lead by example," he said. "With the debt brake as it is, we have voluntarily tied our hands behind our backs and are going into a boxing match," he said. The Greens' campaign programme ahead of the last election included debt brake reform to allow for greater investments.

Persons: Olaf Scholz, Robert Habeck, Christian Lindner, Chancellor Olaf Scholz's, Reiner Haseloff, Haseloff, Kai Wegner, Friedrich Merz, Carsten Brzeski, Roderich Kiesewetter, Stefan Marschall, Andreas Rinke, Sarah Marsh, Matthias Williams, Holger Hansen, Nick Macfie Organizations: Climate, Finance, BERLIN, U.S, Intel, Reuters, AAA, Christian Democratic Union, CDU, Christian Social Union, CSU, Berlin, Free Democrats, Social Democrats, Greens, ING, SPD, University of Duesseldorf, Thomson Locations: Berlin, Europe's, Ukraine, Saxony, Anhalt, United States, Bavarian, Federal, Germany, Europe, France, Italy, Spain, China

☆ Here's why the U.S. stock market and economy don't need or even miss China
▼ + stars: | 2023-11-26 | by ( Jim Cramer | ) www.cnbc.com time to read: +16 min

Yet, the Fed chief was roundly criticized for avoiding tightening because the economy wouldn't slow down; nor would inflation. The country adopted a strict Covid policy that prevailed through 2022 causing its GDP to fall to 3% way below the Chinese government's 5.5% target. Meanwhile, Chinese President Xi Jinping acted as if nothing had weakened and only strengthened his hold on lifetime power. The S&P 500 advanced 14% over the next two years, but China's market sank nearly 1.5% during the same period. Meanwhile, Chinese President Xi Jinping acted as if nothing had weakened and only strengthened his hold on lifetime power.

Persons: Jerome Powell, couldn't, Powell, Donald Trump, Joe Biden, Nancy Pelosi, Pelosi, Biden, Xi Jinping, Xi, It's, China hasn't, Trump, Jim Cramer's, Jim Cramer, Jim, Tasos Katopodis, Brendan Smialowski Organizations: Federal Reserve, Fed, Initiative, Taiwan Semiconductor Manufacturing Company, Nike, Apple, Starbucks, Trump, Nvidia, United Auto Workers, UAW, Pfizer, CNBC, Federal, Financial, Treasury Department, Capitol, Reuters, Economic Cooperation, Afp, Getty Locations: U.S, China, United States, Taiwan, San Francisco, Mexico, Washington , U.S, Asia

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