Business News Stories
Cop29 CEO filmed agreeing to facilitate fossil fuel deals at climate summit
Elnur Soltanov recorded with fake oil and gas group which asked for deals in exchange for sponsoring talks. The chief executive of Cop29 has been filmed apparently agreeing to facilitate fossil fuel deals at the climate summit. The recording has amplified calls by campaigners who want the fossil...
photo: AP / Charlie Riedel
Climate breakdown will hit global growth by a third, say central banks
New modelling finds risk to global economies much worse than previously thought, but group of central banks says even this may be an underestimate The physical shocks caused by climate breakdown will hit global economic growth by a third, according to a risk assessment by a network of central banks....
photo: AP / Matt Dunham
Stock market today: Asian shares gain after US Fed cuts interest rates
HONG KONG (AP) — Asian shares advanced Friday after most U.S. stocks rose as the Federal Reserve cut interest rates again to ease pressure on the economy. Oil prices fell while U.S. futures edged higher. Regional investors were watching for much-anticipated steps by Beijing to rev up the slowing...
photo: Creative Commons
Gold loses ground but sticks close to $2,700 level
BengaluruGold prices eased on Friday but hovered around the $2,700 level, as traders assessed the effect of Donald Trump’s presidency and its implications for the US interest rate outlook. Spot gold fell 0.4% to $2,697.19/oz by 2.51am GMT and was headed for a weekly loss. However, prices rose...
photo: Creative Commons
China to unveil much-anticipated economic stimulus package
BEIJING (AP) — China is expected to announce much-anticipated steps to boost its flagging economy Friday at the end of this week’s meeting of its legislature. Analysts say bold, multi-trillion yuan measures are needed to reinvigorate the world’s second largest economy, which has yet to...
photo: AP / Andy Wong, File
2 crypto tycoons are almost $15 billion richer after Trump's election victory
Chaopeng Zhao, Binance's founder and ex-CEO, became about $12 billion richer on Wednesday. BinanceTwo crypto moguls' joint wealth rose by about $15 billion on the back of Trump's election victory.Binance's Chaopeng Zhao and Coinbase CEO Brian Armstrong added about $12 billion and $2.6 billion...
photo: Unsplash / Kanchanara
Global solar capacity hits two terawatts, data shows
LondonGlobal solar capacity has reached a record two terawatts (TW) of capacity, with more added in the last two years than the previous 68 combined, exclusive data from the sector’s global industry group shared with Reuters showed. The updated figures have not previously been published,...
photo: Creative Commons
Germany’s coalition collapses dramatically. Scholz plans to lead with a minority government
BERLIN (AP) — Germany’s government coalition has collapsed in dramatic fashion after Chancellor Olaf Scholz fired Finance Minister Christian Lindner of the pro-business Free Democrats in a late-night move following a marathon of crisis meetings. The three remaining ministers of the Free Democrats...
photo: AP / Markus Schreiber
Musk's legal battles pile up as Twitter's ex-CMO becomes the latest to sue him
Elon Musk is facing another lawsuit from a former Twitter executive. Beata Zawrzel/NurPhoto via Getty ImagesTwitter's ex-CMO, Leslie Berland, is suing Elon Musk, saying she is owed $20 million in severance.The complainant says she was fired in "petty retribution" over an incident involving...
photo: AP / Benjamin Fanjoy, File
The Chinese market is pinning its hopes on a massive stimulus announcement
Trump has floated tariffs of more than 60% on Chinese goods. Andy Wong/AP PhotoChinese markets rose after Trump's US election victory, despite tariff threats.The markets boost comes as China is reportedly considering a $1.4 trillion debt plan.China has been preparing for a second Trump term, but is...
photo: AP / Ng Han Guan

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