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But observers have warned that the headline-grabbing — but voluntary — pledges promoted by the UAE could distract from the more challenging work of negotiating a formal COP28 text at the climax of the two-week talks. As pressure builds during what is expected to be the hottest year on record, here are some major funding pledges and declarations announced so far at COP28. — Loss and damage - The first day of the talks saw the official launch of a «loss and damage» fund to help vulnerable countries cope with the increasingly costly and damaging impacts of climate disasters. Thursday's agreement came with pledges of $100 million each from the UAE and Germany, $109 million from France, $50 million from Britain, $25 million from Denmark and $17.5 million from the United States, the world's biggest oil and gas producer. The total committed so far is a little over $576 million, according to a tally by the Natural Resources Defense Council, an environmental advocacy group. That falls vastly short of the $100 billion a year that developing nations — which have historically been least responsible for greenhouse gas emissions — have said are needed to cover losses from natural disasters. South African President Cyril Ramaphosa told the summit that «we need to mobilise funding on a far greater scale». Campaigners said the US offering was woefully inadequate from the world's biggest historical polluter. Bineshi Albert of the Climate Justice Alliance called it «insulting». «It is a paltry, shameful amount of money that shows the US is completely uninterested in prioritising or being accountable to the climate impacts frontline communities are facing,» she said. — Food and farming - More than 130 countries have agreed to

United States led calls at UN climate talks Saturday for efforts to curb methane emissions but also pushed a deeply controversial drive to boost nuclear energy to curb global warming. With smoggy skies in Dubai highlighting the challenges facing the world, other pledges are expected at the COP28 conference, including stepping up the deployment of renewable energy. The use of nuclear power as a cleaner alternative to fossil fuels is highly controversial as environmental groups are concerned about safety and the disposal of nuclear waste. But more than 20 nations ranging from the US to Ghana, Japan and several European countries said in a declaration that it plays a «key role» in the goal of achieving carbon neutrality by mid-century. They called for the tripling of nuclear energy capacity by 2050 from 2020 levels. «We are not making the argument to anybody that this is absolutely going to be a sweeping alternative to every other energy source,» US climate envoy John Kerry said at COP28. «But we know because (of) the science and the reality of facts… that you can't get to net zero 2050 without some nuclear,» he said. The other signatories include Britain, France, South Korea, Ukraine and the United Arab Emirates.

US-North Korea ties plummeted further on Saturday after Pyongyang threatened Washington with retaliatory action if its spy satellite is attacked. In a hard-hitting statement, it has warned the US that any attack on its spy satellite will be considered a «declaration of war». The Defense Ministry said North Korea would consider taking «responsive action measures» for self-defense to undermine or destroy the viability of the US spy satellites. An unnamed ministry spokesman told journalists, «The U.S. Space Force's deplorable hostility toward the Democratic People’s Republic of Korea’s reconnaissance satellite can never be overlooked as it is just a challenge to the sovereignty of the DPRK, and more exactly, a declaration of war against it.»

Israel pounded targets in the southern Gaza Strip on Saturday, intensifying a renewed offensive that followed a weeklong truce with Hamas and giving rise to renewed concerns about civilian casualties.At least 200 Palestinians have been killed since the fighting resumed Friday morning, according to the Health Ministry in Hamas-run Gaza, even as the United States urged ally Israel to do everything possible to protect civilians. “This is going to be very important going forward,” Secretary of State Antony Blinken said Friday after meetings with Arab foreign ministers in Dubai, wrapping up his third Middle East tour since the war started. “It’s something we’re going to be looking at very closely.”Many of Israel’s attacks Saturday were focused on the Khan Younis area in southern Gaza, where the military said it had struck more than 50 Hamas targets with airstrikes, tank fire and its navy.

India Express reported. This was days before the indictment was filed in a New York court. According to the the American indictment, the alleged plot to assassinate Khalistan separatist Gurpatwant Singh Pannun on US soil began in May, with a text message between an Indian security official and Nikhil Gupta.

new space race heats up and lunar mining has raised key legal issues, the US is turning to private companies to advance its outer space goals. Emphasizing the need to encourage the private sector to explore the investment possibilities on the moon, Michael Usowski, Senior Defense Intelligence Analyst for Space and Counterspace at the Defense Intelligence Agency (DIA), told Fox News, «If we want to maintain our lead, then we need to continue to invest and ensure that we're the ones setting the pace and not another entity.»

NDTV showed that the charges against the accused include sexual assault. The report quoted police as saying that the FIR was filed on Friday night against several unknown accused. The viral footage showed the four people — a man, his wife, his sister, and a family friend — being punched, kicked and dragged by the group on Delhi Street, NDTV reported.

Israel-Hamas war: Even as the world leaders attempt to bring Israel and Hamas back on the negotiating table, Israel is displaying its resolve to eliminate Hamas from the map of the Earth. As per a recent report by the Wall Street Journal, Israel’s intelligence agencies, which are known for their undercover operations, plans to kill Hamas leader across the globe after the war in Gaza ends The report said that Prime Minister Benjamin Netanyahu has given clear orders to Israel’s top spy agencies that Hamas leaders living in countries like Lebanon, Turkey, Qatar, etc.

Financial markets construed the much awaited Powell's speech Friday as decisively dovish as he did not seem to push hard against the markets' expectations of hefty rate cuts next year. Powell, in his speech at Spelman College, said that the Federal Reserve's monetary policy is in a restrictive territory and it is too early to time the Fed rate cuts. He added that if appropriate, they are ready to hike rates further.

prices post the festive season, investors are closely scrutinising past trends for insights into the potential duration of this rally and the likelihood of a corrective phase in the near future. Historically, gold has exhibited a characteristic pattern of correction, typically around 10%, following a robust rally. Recent instances underscore this trend.

This week in crypto: Vitalik Buterin said he plans to redesign Ethereum staking and praised the UTXO payment model, MicroStrategy CEO Michael Saylor bought an additional $593 million worth of BTC,  Reddit renounced Moons’ contract completing the decentralization of the token, and Bitfinex’s tokenized bond raised only $1.5 million of its initial target of $10 million. Trust Wallet alerted users about an ongoing issue with the Bitcoin node that could result in transaction delays.

US Federal Reserve is done with interest rate hike have acted as key catalysts for the foreign fund inflows into emerging markets like India. The FPI inflows into Indian equities during the month of November stood at ₹9,001 crore as against selling of over ₹39,000 crore in September and October together, according to National Securities Depository Ltd (NSDL) data. Taking into account debt, hybrid, debt-VRR, and equities, FPI inflows were at ₹24,546 crore during the month.

Also Read: US stock market ends higher as Powell raises peak rate hopes; S&P logs highest close of year He also noted that the “full effects" of the Fed’s 5.25 percentage points of rate hikes to date have likely not yet been felt, Reuters reported. “We are getting what we wanted to get" out of the economy, Powell said during an event at Spelman College in Atlanta.

Green Climate Fund, sources familiar with matter said on Saturday as Vice President Kamala Harris arrived in Dubai for the U.N. climate summit. The fund, with more than $20 billion in pledges, is the largest international fund dedicated to supporting climate action in developing countries.

Canada accused India of killing a citizen on its soil, New Delhi dismissed the allegations as «absurd».

By Kate Abnett and Valerie Volcovici

By Timothy Gardner

By Valerie Volcovici

Climate advocacy groups are pressuring world governments gathered at this year's United Nation's COP28 climate conference in Dubai to commit to cutting global food sector emissions, as the conference host promises to put agriculture in the spotlight. Global food systems- including farming and land use, livestock production, household food consumption and waste, and energy used in the farm and food retail sectors — account for 31% of human-made greenhouse gas (GHG) emissions, according to the United Nations' Food and Agriculture Organization (FAO). But few governments have ever published numeric targets for lowering those emissions, focusing instead mostly on the use of fossil fuels for power, transport and industry, according to climate advocates. «Business as usual food systems would use nearly the whole carbon budget for a 2-degree Celsius world. We need to implement food systems approaches throughout COP28,» said Joao Campari, global leader of food practice at the World Wildlife Fund. A full day of the 28th Conference of the Parties (COP), Dec.

Red Lobster expanded their all-you-can-eat shrimp deal in the U.S., but it ended up tanking their profits to the tune of US$11 million.Ultimately, the $20 Ultimate Endless Shrimp deal was too good for Americans to pass up, the company said, and it was “one of the key reasons for the losses we generated in Q3 2023,” Ludovic Garnier, global chief financial officer of the chain’s owner Thai Union Group, told investors during its November earnings call.“The price point was $20 and you can eat as much as you want,” explained Garnier. “For those who have been in the U.S.

Sandeep Reddy Vanga & Ranbir Kapoor seems to have worked wonders at the box-office! ‘Animal’ has performed spectacularly well at the box-office. As per a report by the Indian box-office tracking portal Sacnilk.com, the action drama earned a staggering Rs 61 crore on its opening day. On the second day, the movie collected Rs 2.94 crore (and counting), thereby taking the total earnings to an impressive Rs 63.94 crore. This magnificent opening day figure puts ‘Animal’ as the second -biggest opener of 2023, right behind Shah Rukh Khan’s ‘Jawan’ which collected Rs 75 crore on day one. ‘Animal’ also marks the biggest first-day earnings for an A-rated (adult rated) film in India. It is also the biggest opener in Kapoor’s career, surpassing the Rajkumar Hirani directorial ‘Sanju’ which opened to Rs 34.75 crore.