Richer countries have agreed to give poorer nations hundreds of billions to cut emissions, but details can be hard to find Sixteen years ago, at the climate summit in Copenhagen, rich and polluting countries pledged to provide $100bn (£76bn) each year by 2020 so that poorer countries could cut their emissions and adapt to a … Read more
Reaction follows Wall Street’s worst day in a month and unprecedented slump in investment in China Global markets suffered another day of volatile trading after a tech sell-off that fuelled Wall Street’s worst day in a month and weak economic data from China showed an unprecedented slump in investment. The FTSE 100 fell by 1.1% … Read more
Switch in budget plan causes cost of UK government borrowing to rise by the most in a single day since early July UK bond markets took fright on Friday after it emerged that Rachel Reeves had ditched plans for a manifesto-busting increase in income tax at this month’s autumn budget. On a day of choppy … Read more
Investigation by Guardian and Carbon Brief finds just a fifth of funds to fight global heating went to poorest 44 countries China and wealthy petrostates including Saudi Arabia and UAE are among countries receiving large sums of climate finance, according to an analysis. The Guardian and Carbon Brief analysed previously unreported submissions to the UN, … Read more
The International Energy Agency, once known for an anti-renewables bias, now says a more ambitious transition will lower prices Just as the Liberal party walked away from a firm net zero emissions target, a new International Energy Agency report told the world that a more ambitious clean energy transition means lower household power bills. The … Read more
The $C56bn plan focused on investing in a resource economy falls short of changing Canadians’ day-to-day lives Canada’s prime minister, Mark Carney, likes to say that when he was young, “we used to build big things in this country, and we used to build them quickly.” That idea – of sprawling projects that transform nations, … Read more
Move diverges from July memo negating need for further inquiries, and comes amid intense Trump campaign to block files Pam Bondi announced on Friday afternoon that she had assigned Jay Clayton, the interim US attorney for the southern district of New York, to lead the investigation into Donald Trump’s political adversaries and their ties to … Read more
Rolex denies ‘any negotiation’ with US although luxury watchmaker entertained Trump and gave him gold clock Donald Trump agreed to cut US tariffs on Switzerland from 39% to 15% as part of a new trade pact, lowering duties that strained economic ties and hit Swiss exporters. The two countries have signed a “non-binding memorandum of … Read more
GOP candidates are wagering the tax deduction will be a winner with working-class voters, while their Democratic opponents try to flip the script. Democrats are trying to blunt the Republican advantage on the widely popular no-tax-on-tips policy as both parties look to strengthen their appeal to the working class ahead of the midterms. The most … Read more
Top contenders to lead the Federal Reserve under Trump are lining up around a policy that doesn’t seem Trump-like. President Donald Trump has loudly and persistently railed against Federal Reserve Chair Jerome Powell, with an eye toward next year when he can pick a new Fed chief more aligned with his own views. But in … Read more