By Uditha Jayasinghe HAMBANTOTA, Sri Lanka (Reuters) – Sri Lanka votes to elect a new parliament this week in a snap general election called by its Marxist-leaning president who wants a fresh mandate in the legislature to drive economic reforms in the debt-ridden island nation. Anura Kumara Dissanayake was elected president of the South Asian country in September but his National People’s Power (NPP) coalition had just three of 225 seats in parliament, prompting him to dissolve the legislature and seek a fresh mandate there for his policies. Dissanayake, an outsider of the family parties that have dominated Sri Lankan…
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Britain has a “huge opportunity” to get ahead of other countries in the race for green investment after the election of Donald Trump as US president, Keir Starmer has said, as he arrives in Azerbaijan for the Cop29 summit.Trump’s election victory last week has cast doubt on global efforts to tackle climate change, which the president-elect has called a “hoax”. But as the most senior world leader attending the summit in Baku, Starmer said the global political turmoil could benefit the UK economy.Asked about Trump’s position on the climate crisis, Starmer said: “The climate challenge is something that we have…
BAKU, Azerbaijan Nov 12 – The COP29 climate summit opened in Baku, Azerbaijan, with an early breakthrough as nations reached a consensus on standards for carbon credits under Article 6.4 of the Paris Agreement. This agreement aims to create a robust international carbon market, ensuring the integrity of climate action and increasing demand for carbon credits, thereby facilitating more effective climate mitigation globally. COP29 President Mukhtar Babayev hailed the achievement, noting it as a “game-changing tool” for channelling resources to developing nations and advancing global climate goals. “Following years of stalemate, the breakthroughs in Baku have now begun,” he stated,…
The world’s largest stablecoin issuer, Tether, has launched an open-source wallet development kit (WDK) to enable businesses and developers to integrate non-custodial wallets into any website or app — and it’s even designed to work with AI agents. On Nov. 11, Tether announced the launch of its WDK Wallet Development Kit, which it described as a modular software development kit “designed to empower businesses and developers to seamlessly integrate non-custodial wallets and user experiences for USDT and Bitcoin in any app, website, and device.”The WDK has been designed to support both human users and “embrace new digital beings like AI…
Image source: Getty Images The FTSE 100‘s a great place for investors to go hunting for dividend shares. However, those that confine themselves to the UK’s flagship index may be missing excellent opportunities elsewhere. Here are three great passive income stocks I think share pickers should consider today. As you can see, their dividend yields for next year smash the Footsie’s 3.5% forward average to smithereens. I’m confident that these companies can pay a large and growing dividend for years to come too. ITV ITV’s had a tough few years due to evaporating advertising sales. But with marketing budgets improving,…
Environmental, social, and governance (ESG) ratings should reflect the risks that such factors pose to a company’s financial performance and how well equipped that company is to manage those risks. Such ratings may assess carbon emissions (E), health and safety in the workplace (S), and executive compensation structures (G), among other criteria. ESG ratings are predicated on the notion that companies with better ESG scores will exhibit better financial performance over time because they face lower ESG risks, are more adept at managing them, or some combination thereof. As a corollary, assuming markets are efficient, higher ESG ratings should also…
Investing.com– Gold prices moved little in Asian trade on Tuesday after tumbling from record highs in recent weeks as the dollar firmed sharply amid speculation over a second Donald Trump presidency. Improved risk appetite, following Trump’s election victory last week, sapped gold of safe haven demand. A sharp rally in the dollar also pressured bullion prices. fell 0.1% to $2,617.64 an ounce, while expiring in December rose 0.2% to $2,623.70 an ounce by 23:27 ET (04:27 GMT). Gold battered by Trump trade; CPI, Fedspeak awaited Spot prices tumbled from record highs of nearly $2,800 an ounce over the past two…
The world’s most popular cryptocurrency has gained more than 30 percent since the US presidential election.Bitcoin is closing in on $90,000 as crypto enthusiasts bet on United States President-elect Donald Trump taking a hands-off approach to digital currencies. The world’s most popular cryptocurrency hit a record high of $89,637 on Tuesday, continuing its explosive rally since the US presidential election on November 5. The commodity has gained more than 30 percent since election day, with investors anticipating Washington to take a turn towards more crypto-friendly policies under Trump. During his first term as president, Trump called Bitcoin a “scam” and…
Donald Trump’s election victory in the United States is unlikely “the main story” behind Bitcoin’s recent pump — with an analyst pointing instead to a post-halving supply shock. “If you’re wondering what’s happening with #Bitcoin… Yes, the incoming Bitcoin-friendly administration has provided a recent catalyst… But, that’s not the main story here,” said Onramp Bitcoin co-founder Jesse Myers in a post on X on Nov. 11. “The main story here is that we are 6+ months post-halving.”The Bitcoin (BTC) halving in April cut block rewards from 6.25 BTC to 3.125 BTC, which means every next block becomes harder to solve for less…
ZHUHAI, China (Reuters) – COMAC said on Tuesday that Air China (OTC:) would be the launch customer for the Chinese planemaker’s C929 widebody aircraft under development that is designed to compete with twin-aisle models from Airbus and Boeing (NYSE:) . COMAC’s deputy director of marketing, Liu Yan, made the announcement at China’s biggest air show in Zhuhai. He did not disclose the number of aircraft Air China would purchase or planned delivery dates. COMAC has said the C929 will have 280 to 400 seats and a range of 12,000 km (7,500 miles), which is in the same category as Boeing’s…