COP27 negotiators still far apart on strong climate deal

G20 leaders expressed support for climate action Lula boosts COP27 with ‘Brazil is back’ message But countries struggle for climate deal in Egypt SHARM EL-SHEIKH, Egypt, Nov 16 (Reuters) – Countries were far from agreeing the contours of a climate deal at the COP27 summit in Egypt on Wednesday, with the host country urging negotiators … Read more

Key takeaways from the G20 summit in Bali

Nov 16 (Reuters) – Leaders of the world’s Group of 20 (G20) wealthiest nations concluded a two-day summit on the Indonesian island of Bali on Wednesday deploring Russia’s aggression in Ukraine “in the strongest terms”, among other highlights. Here are key takeaways from the meeting: CONDEMNING RUSSIAN AGGRESSION Meetings of G20 ministers earlier this year … Read more

US, Japan and partners mobilize $20 billion to move Indonesia away from coal

Deal will bring forward peak emissions to 2030 Indonesia sets net-zero goal in power sector Program based on COP26 South Africa plan NUSA DUA, Indonesia/SHARM EL-SHEIKH, Egypt, Nov 15 (Reuters) – A coalition of countries will mobilize $20 billion of public and private finance to help Indonesia shut coal power plants and bring forward the … Read more

G20 summit deplores war in Ukraine ‘in strongest terms’

G20 says ‘most members’ condemn war in Ukraine Threat of use of nuclear weapons ‘inadmissible’ – declaration Agreement to calibrate monetary tightening NUSA DUA, Indonesia, Nov 16 (Reuters) – Leaders of the Group of 20 (G20) nations deplored Russia’s aggression in Ukraine “in the strongest terms” on Wednesday and demanded its unconditional withdrawal in a … Read more

Exclusive: Germany steps up emergency cash plans to cope with blackout

FRANKFURT, Nov 15 (Reuters) – German authorities are stepping up preparations for emergency cash deliveries in case of a blackout to keep the economy running, four people involved said, as the nation braces for possible power cuts arising from the war in Ukraine. The plans include the Bundesbank, Germany’s central bank, hoarding extra billions to … Read more

Division at G20 over bid to condemn Russia’s Ukraine invasion

Most G20 members could strongly condemn Ukraine war Zelenskiy urges G20 to help end war under his plan Indonesia urges action on global economic problems China’s Xi to hold meetings with several other leaders NUSA DUA, Indonesia, Nov 15 (Reuters) – Disagreement emerged at a Group of 20 (G20) summit on Tuesday as the United … Read more

Ahead of a tense G20 summit, Biden and Xi to meet for talks

NUSA DUA, Indonesia, Nov 14 (Reuters) – Chinese leader Xi Jinping will arrive on the Indonesian island of Bali on Monday for a long-awaited meeting with US President Joe Biden, ahead of a Group of 20 (G20) summit set to be fraught with tension over Russia’s invasion of Ukraine. The two leaders are expected to … Read more

Exclusive: US blocks more than 1,000 solar shipments over Chinese slave labor concerns

Nov 11 (Reuters) – More than 1,000 shipments of solar energy components worth hundreds of millions of dollars have piled up at US ports since June under a new law banning imports from China’s Xinjiang region over concerns about slave labor, according to federal customs officials and industry sources. The level of seizures, which has … Read more

Explainer: Blood, treasure and chaos: the cost of Russia’s war in Ukraine

LONDON, Nov 10 (Reuters) – Russia’s Feb. 24 invasion of Ukraine has left tens of thousands of dead, displaced millions and spread economic strife across the world. Following are the main impacts of the war, now in its ninth month: * DEATH The war has sown death on a level not seen in Europe since … Read more

Xi tells Scholz China and Germany should work together during ‘times of turmoil’

BEIJING, Nov 4 (Reuters) – Chinese President Xi Jinping touted the need for greater cooperation between China and Germany amid “times of change and turmoil” in his first meeting with German Chancellor Olaf Scholz, with talks expected to touch on Russia’s war on Ukraine , climate change and developing economic ties. Scholtz’s visit on Friday … Read more