City Copenhagen Financial News

Earth into a danger zone. The study reveals that human actions have breached the boundaries of limit and several key indicators of planetary health.

By Riham Alkousaa and David Stanway

G20 Summit in India nears its commencement, said the British High Commission in India. The UK will provide USD 2 billion to the Green Climate Fund (GCF) which is the biggest single funding commitment the UK has made to help the world tackle climate change, which was established by 194 countries following the Copenhagen Accord at COP15.

United Kingdom Prime Minister Rishi Sunak announced a record climate aid commitment of $2 billion for the Green Climate Fund on Sunday, the last day of the two-day G20 Summit in New Delhi. The contribution is by far the biggest single funding commitment the UK has made to help the world tackle climate change. «The UK will contribute £1.62 billion ($2 billion) to the Green Climate Fund (GCF), which was established by 194 countries following the Copenhagen Accord at COP15,» said the British High Commission in India.

Narendra Modi on Saturday emphasised the pressing need for global cooperation to combat climate change and fund the transition to sustainable energy systems. Speaking at the G20 Leaders' Summit's first session, Modi underscored the monumental financial requirements for an inclusive energy transition in the 21st century world to tackle climate change. «Keeping in mind the challenge of climate change, energy transition is a significant need of the 21st century world.

World Championship, ace Indian shuttler Prannoy H.S achieved a career-best world ranking as he reached No.6 in the latest chart released by the Badminton World Federation (BWF) on Tuesday. After pocketing a bronze, his first-ever medal in World Championships, at Copenhagen recently, Prannoy climbed up three spots to achieve his new career-high rank with 72437 points in the men's singles category. Prannoy, who stunned the Olympic champion Viktor Axelsen in the quarterfinals in the World Championship, is the lone Indian featuring in the top 10 in the men's singles list. The 31-year-old reached two finals this year. He won his first BWF title this May at Malaysia Masters and finished runner-up at the Australian Open after an epic, intense three-game battle against China's Weng Hong Yang earlier this month. Among the other Indian shuttlers, Lakshya Sen dropped a place to the No.

Norway will become the third country to donate F-16 fighter jets to Kyiv to bolster its Soviet-era air force, three Norwegian media reported Thursday, without citing any sources. Neither the number of planes nor the delivery date were announced, as Ukraine pursues a grinding counteroffensive against Russian forces in the east. Contacted by AFP, a spokeswoman for Norway's defence minister could «neither confirm nor deny» the media reports. The reports came as Norwegian Prime Minister Jonas Gahr Store made a surprise visit to Kyiv on Thursday, which was also Ukraine's Independence Day. During his visit, Norway announced it would supply Kyiv with Iris-T anti-air missiles, demining equipment, and a 1.5 billion kroner ($141 million) aid package for the purchase of gas and electricity this winter. But there has been no official announcement concerning F-16s.

By Shashwat Chauhan

By Jeslyn Lerh and Jacob Gronholt-Pedersen

Volodymyr Zelenskyy thanked Danish lawmakers on Monday for helping his country resist Russia's invasion, a day after Denmark and the Netherlands announced they will provide Kyiv with American-made F-16 warplanes.Zelenskyy said that if Russia's invasion is successful, other parts of Europe would be at risk from the Kremlin's military aggression. «All of Russia's neighbors are under threat if Ukraine does not prevail,» he said in a speech in Copenhagen. Zelenskyy portrays Ukraine as defending Western values of freedom and democracy against tyranny and argues that Ukraine needs to be properly provisioned to fend off Russia's much bigger force.

By Stephanie van den Berg and Jacob Gronholt-Pedersen

Agriculture stocks are beating their global peers this quarter as extreme weather, the war in Ukraine and rising protectionism drive up food prices. Exposure to the sector is a good hedge for inflation, some investors say.

Airlines are betting that the travel recovery remains red-hot

Vedaant Madhavan, who has won many medals for India, is now taking the next step towards adulthood as he gets enrolled for driving lessons. But, this phase of adulting isn't the usual one. It involves driving a classy set of wheels — the Porsche.

India is expected to send a senior diplomat to represent the country at a peace summit seeking to find a way to end the conflict between Russia and Ukraine organised by Saudi Arabia in Jeddah in early August, ET has learnt. India, Brazil and South Africa have been invited to attend the meet of 30 nations as part of Saudi efforts to initiate deal between Ukraine and Russia.

Manchester United have agreed a deal to sign Denmark striker Rasmus Hojlund from Italian Serie A soccer club Atalanta. The deal worths 72 million pounds ($92.52 million) and it is for a five-year contract with the option of an extra season at Old Trafford, according to reports. Hojlund is the third high-profile signing of the transfer window after the recruitment of Mason Mount from Chelsea and goalkeeper Andre Onana from Inter Milan.

Russia-Ukraine war: Saudi Arabia is set to host Ukrainian-organized peace summit on 5 and 6 August, according to several reports. Saudi Arabia has invited several major countries including India, Britain, United States among others. A report by Wall Street Journal, confirms that Saudi Arabia is set to host talks in August about Ukraine.

Saudi Arabia will host a Ukrainian-organized peace summit in early August seeking to find a way to start negotiations over Russia's war on the country, an official said. The kingdom and Kyiv did not immediately acknowledge the planned talks. The summit will be held in the Red Sea port city of Jeddah, said the official, who spoke on condition of anonymity as no authorization had been given to publicly discuss the summit.

Birmingham, Glasgow and Manchester.

Baghdad's heavily fortified Green Zone, which houses foreign embassies and the seat of Iraq's government, early Saturday following reports of the burning of a Quran carried out by a ultranationalist group in front of the Iraqi Embassy in Copenhagen. They were pushed back by security forces, who blocked the Jumhuriya bridge leading to the Green Zone, preventing them from reaching the Danish Embassy. The protest came two days after people angered by the planned burning of the Islamic holy book in Sweden stormed the Swedish Embassy in Baghdad.

You might think it’s just the big multistrategy hedge funds – Citadel and Millennium and others – that are adding people this year, but it’s really not; even the small funds are joining in on the action. We’ve spotted a number heading to Bell Rock Capital Management, a 50-strong team in London, this year.