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By Svea Herbst-Bayliss

COP28 climate summit hit its "first major milestone" on November 30, by operationalising the "Loss and Damage" fund. "This fund will support billions of people, lives and livelihoods that are particularly vulnerable to the effects of climate change," COP28 President Dr Sultan Al Jaber said.

Google bot Bard says humans are invaders of Earth and Elon Musk is their overlord: Report The assertion comes mere months after former Pentagon intelligence officer David Grusch told Congress that the American government has been hiding evidence of crashed UAPs and alien biological specimens. “I was informed, in the course of my official duties, of a multi-decade UAP crash retrieval and reverse-engineering program.

Investing.com — The Dow closed higher Friday, as Treasury yields were pressured by growing expectations for sooner rate cuts even as Federal Reserve Chairman Jerome Powell warned against «premature» bets on rate cuts.

LONDON (Reuters) — Festive cheer has come early to world markets (bar those dollar bulls) on growing certainty that central banks will start slashing interest rates next year.

Investing.com — Oil prices fell for a sixth-straight week Friday, as voluntary output cut agreements from major oil producers that fell short expectations continued to keep worries about oversupply front and centre. 

George Santos of New York after a blistering ethics report on his conduct heightened lawmakers’ concerns about the scandal-plagued freshman. Santos became just the sixth member in the chamber’s history to be ousted by colleagues, and the third since the Civil War.The vote to expel was 311-114, easily clearing the two-thirds majority required.

Canada’s largest banks set aside nine per cent more on average for bonuses in fiscal 2023 than they did a year earlier, with increases at all six companies despite a broadly disappointing year for dealmaking.

A number of Binance’s top traders were given exclusive details regarding the crypto exchange’s yet-to-be-announced settlement deal with the U.S. Department of Justice in September, according to a new report.

India Debt Resolution Co Ltd (IDRCL), the agent to government-backed bad bank, after the board of the company approved the appointment on Friday, people familiar with the development said. The IDRCL chairman position became vacant after Diwakar Gupta resigned earlier this week to take up a post at parent National Asset Reconstruction Co Ltd (NARCL), as ET reported in its Monday edition. Seshadri, a chartered accountant, is a financial sector veteran with experience in buying and turning around distressed companies. He is currently an independent director in the company and will take over immediately. Seshadri did not reply to calls and messages to his phone.

Kesoram Industries, which announced merger of its cement business with UltraTech Cement, is set to prepay around ₹1,500 crore of high-cost debt borrowed at 20% from Goldman Sachs, Cerberus and Edelweiss. «The three funds — Goldman Sachs, Cerberus Capital Services and Edelweiss — are set to be paid ahead of maturity as UltraTech is rated AAA and the cost of borrowing is much cheaper,» a person with knowledge of the matter said on condition of anonymity. As part of the merger deal, UltraTech Cement will issue one share for every 52 shares of Kesoram Industries. The total value of the deal includes a debt of about ₹1,700 crore, according to a Motilal Oswal report.

Nithyananda, a guru (n.b.: all gurus are 'self-styled'), reportedly fled India after security agencies began probing his involvement in criminal cases. But, soon enough, the man resurfaced in the online world, claiming that he founded a new nation, the United States of Kailasa (USK).

Defunct blockchain protocol Terraform Labs is currently fighting legal challenges in Singapore and appears to be facing setbacks.

Forkast Labs has laid off a majority of its editorial staff after completing a merger with data provider CryptoSlam.

₹220 crore from a Indonesian ship that docked at Paradip port. Customs officials were notified after a crane operator spotted 22 suspicious packets. The Vietnamese crew has been detained for questioning and officials are conducting a thorough search of the ship with the help of sniffer dogs “Twenty-two packets were recovered from a crane on the ship.

Tata Motors, wholesales of passenger vehicles were 1% lower y-o-y in November, with a modest 7% increase in its EV sales. Mahindra & Mahindra, however, clocked a 32% growth in its utility vehicle wholesales in November, riding on an improvement in supplies and strong demand for SUVs in the market. SUVs accounted for over 53% of all PVs delivered to dealers in November—the highest in a month.

Are Canada’s big banks just taking their usual conservative approach or are there signs of more trouble ahead in the sector?

By Lucia Mutikani

By David Shepardson

semiconductors. Earlier this week, it announced that three more chip fabrication units in India will be announced in another few months. The total investment will reportedly be of the order of $8-12 billion.

Titan submersible saw millions of dollars worth of Canadian military equipment and personnel deployed in the search, estimates suggest.The figure, calculated by Global News with data provided by the government, gives an idea of the financial value of Ottawa’s involvement in the search for the lost vessel, which suddenly imploded while on an expedition to the Titanic wreckage in June.The operation fell within the budgets of the departments involved – Fisheries and Oceans Canada and the Department of National Defence (DND) – spokespeople for both told Global News. Officials say that means DND did not incur incremental, or additional, costs while Fisheries and Oceans Canada – which oversees the Canadian Coast Guard (CCG) – said it does not track expenditures incurred from specific search and rescue cases.“Responding to incidents is part of our overall daily operations, and as a result it would be difficult to calculate and allocate costs on a case-by-case basis,” the fisheries spokesperson told Global News.“Canadian Armed Forces’ (CAF) resources respond to incidents of distress.… The goal is to save lives and CAF search and rescue services are provided free of cost to those in peril; they do not function on a cost-recovery basis,” the DND spokesperson said.But based on the resources deployed in the search, the time they were deployed and their average hourly operating costs, the total value of the recovery operation appears to be around $3,125,226 to $3,130,576.The search for Titan – a deep-sea submersible operated by American tourism and expeditions company OceanGate – captivated the world’s attention following its sudden disappearance on June 18.The U.S.