By Kate Abnett BAKU (Reuters) – The main task for nearly 200 countries at the U.N.’s COP29 climate summit is to broker a deal that ensures up to trillions of dollars in financing for climate projects worldwide. Here is what you need to know about the Nov. 11-22 summit talks on finance. WHAT IS THE GOAL? Wealthy countries pledged in 2009 to contribute $100 billion a year to help developing nations cope with the costs of a transition to clean energy and adapting to the conditions of a warming world. Those payments began in 2020 but were only fully met…
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The 2025 Ford F-150, released in fall 2024, has made its debut with subtle yet impactful updates, appealing to both returning customers and new buyers alike. Building on the highly successful 2024 model, the 2025 version focuses on enhanced aesthetics and technology rather than a complete overhaul. With new color, graphic, and wheel options, drivers can customize the truck to their preferences. Additionally, the 2025 F-150 introduces a new entry-level 2.7-liter twin-turbocharged V6 engine, offering strong performance in an accessible package. The latest model is now available at Peacock Ford in Maitland, FL, and dealerships nationwide. Under the hood, the…
(Bloomberg) — Spirit Airlines Inc. is closing in on a deal with creditors that would restructure its crushing debt load in bankruptcy court after discussions for a tie-up with rival Frontier Group Holdings Inc. fell apart. Most Read from Bloomberg In a filing late Tuesday, Spirit said it is in advanced talks with a super majority of its secured noteholders to hammer out a restructuring. That would be carried out in a Chapter 11 bankruptcy process, according to people with knowledge of the matter, who asked not to be identified discussing private talks. An agreement with creditors is “expected to…
Risk management is so simple a concept and so central to financial analysis that it feels superfluous to even mention it. Yet when it comes to climate change and sustainability, efforts are under way across the United States to impede our ability as investors to conduct simple risk management. Policymakers have proposed and even passed laws that make it more difficult, if not illegal, for investors to consider the financial risks of climate change. These efforts are misguided. The freedom to invest responsibly and the principle of risk management must be defended, and that requires us to go back to…
By Praveen Paramasivam and Shivangi Acharya CHENNAI/NEW DELHI – India’s city dwellers are cutting spending on everything from cookies to fast food as persistently high inflation squeezes middle class budgets, threatening the country’s brisk economic growth. Slowing urban spending over the past three to four months has not only hurt the earnings of largest consumer goods firms, it has raised questions about the structural nature of India’s long-term economic success. Since the end of the pandemic, India’s economic growth has been driven in large part by urban consumption, however, that now seems to be changing. “There is a top end…
The Brújula Verde project aims to restore land degraded from wildfires and agricultural activities in Colombia’s Orinoco River Basin. Source link
By Danielle Broadway (Reuters) – Actor and director John Krasinski was named People magazine’s “sexiest man alive” for 2024 on Wednesday, taking over the mantle from “Grey’s Anatomy” actor Patrick Dempsey. “Just immediate blackout, actually. Zero thoughts,” Krasinski told People in reaction to the news. The actor is perhaps best known for his sardonic nice guy role in the television comedy “The Office”. “Other than maybe I’m being punked. That’s not how I wake up, thinking, ‘Is this the day that I’ll be asked to be Sexiest Man Alive?’ And yet it was the day you guys did it. You…
Jeffrey Tiong, founder and CEO of PatSnap.Courtesy of Jeffrey Tiong.Many entrepreneurs will say that building a successful startup is costly — both financially and emotionally.Just ask Jeffrey Tiong. The 40-year-old is the founder and CEO of intellectual property and research and development startup Patsnap, a Singapore-based unicorn company that has surpassed an annual recurring revenue of $100 million, Tiong said in a statement in June.Tiong’s journey in building Patsnap has been far from easy. He started the company straight out of college at age 24, and has been working on it ever since, for the past 17 years.”Up until now,…
(Bloomberg) — Tencent Holdings Ltd.’s top backer Prosus NV said it has made more than $2 billion on its Swiggy investment as it continues to highlight the value of its portfolio outside of its stake in the Chinese tech giant. Most Read from Bloomberg Prosus and its controlling shareholder Naspers Ltd. have invested $1.3 billion building a 31% stake in Swiggy ahead of its stock market debut in India on Wednesday. The food delivery firm is targeting an initial public offering valuation of up to $11.3 billion. Prosus will sell down shares in the IPO and retain 25% of Swiggy,…
(Bloomberg) — China is marketing dollar bonds in Saudi Arabia, marking the country’s first debt sale in the US currency since 2021. Most Read from Bloomberg It’s offering the three-year and five-year securities with initial price guidance of about 25 basis points and 30 basis points over the respective US Treasury yields, according to people familiar with the matter. The Ministry of Finance said earlier this month that it plans to sell up to $2 billion of notes. The deal had received orders exceeding $25.7 billion Wednesday morning, according to one of the people. In general, final orders can differ…