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Finance

Countries promise clean energy boost at COP28 to push out fossil fuels

118 countries back pledge to triple world's clean powerGoal would slash fossil fuel use this decadeSmaller club of countries plan to scale up nuclear energyDUBAI, Dec 2 (Reuters) - Governments launched new initiatives on Saturday to bolster clean energy and to wean themselves off fossil fuels at the U.N. climate summit in Dubai, where countries are grappling with how to halt the non-stop rise in planet-warming emissions.In one of the most widely supported initiatives, 118 governments pledged to triple the world's renewable energy capacity by 2030 at the U.N.'s COP28...
Banking

Blinken to visit Israel, West Bank, UAE this week to continue Gaza diplomacy

U.S. Secretary of State Antony Blinken disembarks from his airplane upon arrival at Brussels Airport in Brussels, Belgium, on November 27, 2023, as he travels to a NATO foreign ministers' meeting. SAUL LOEB/Pool via REUTERS Acquire Licensing RightsBRUSSELS, Nov 27 (Reuters) - U.S. Secretary of State Antony Blinken will visit Israel, the West Bank and the United Arab Emirates this week, the U.S. State Department said on Monday, as Washington aims to press for more humanitarian aid for Gaza and help secure the release of all hostages kidnapped by Hamas.Blinken...
Cryptocurrency

New crypto front emerges in Israel’s militant financing fight

LONDON, Nov 27 (Reuters) - A new front has emerged in Israel's fight against the funding of Iran-backed militant groups from Hamas to Hezbollah: A fast-growing crypto network called Tron.Quicker and cheaper than its larger rival Bitcoin, Tron has overtaken its rival as a platform for crypto transfers associated with groups designated as terror organizations by Israel, the United States and other countries, according to interviews with seven financial crime experts and blockchain investigations specialists.A Reuters' analysis of crypto seizures announced by Israeli security services since 2021 reflects the trend,...
Banking

European shares end the week higher as bond yields slide on rate cut bets

A TV presenter gets ready for the daily reporting from the floor of the German share price index DAX at the stock exchange in Frankfurt, Germany, November 15, 2023. REUTERS/Staff/File Photo Acquire Licensing RightsMarkets price in 100-bps rate cuts in 2024Moody's Italy rating review dueVolvo Cars shares drop to record low as Geely trims stakeSTOXX 600 up 1.0%, adds 2.8% this weekNov 17 (Reuters) - European shares rose on Friday, boosted by financials and healthcare, ending the week higher on growing optimism that central banks will aggressively cut interest rates...
Banking

European shares fall after three days of gains; HelloFresh tumbles

A TV presenter gets ready for the daily reporting from the floor of the German share price index DAX at the stock exchange in Frankfurt, Germany, November 15, 2023. REUTERS/Staff Acquire Licensing RightsBurberry down on revenue, profit warning; peers fallHelloFresh dives to STOXX 600 bottom after outlook cutSiemens jumps after 'solid' Q4STOXX 600 down 0.7%, Germany's DAX up 0.2%Nov 16 (Reuters) - Europe's benchmark index fell on Thursday, dragged down by energy stocks, following a three-day run of gains on hopes for a peak in interest rate policy tightening and...
Investing

Novo Nordisk invests $6 bln in Wegovy production, still far below demand -CEO

The logo of Danish drugmaker Novo Nordisk, Copenhagen, Denmark, September 26, 2023. REUTERS/Tom Little/File Photo Acquire Licensing RightsLONDON/COPENHAGEN, Nov 10 (Reuters) - Obesity drug maker Novo Nordisk (NOVOb.CO) said on Friday it will spend $6 billion to boost production in Denmark, although its chief executive warned the industry was far from being able to produce enough weight-loss drugs to meet global demand.Novo Nordisk has had phenomenal success with its anti-obesity drug, Wegovy, but has scrambled to address shortages that have forced it to limit the number of patients.The World Health...
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