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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...
Money

Indicted Republican lawmaker George Santos expelled from US House

WASHINGTON, Dec 1 (Reuters) - Indicted Republican George Santos' brief career in the U.S. House of Representatives came to an end on Friday, when fellow lawmakers voted to expel him over criminal corruption charges and accusations of misspending campaign money.The House voted 311-114 to immediately remove the controversial freshman lawmaker, above the two-thirds majority required to oust one of its own.Besieged by revelations of lies about his past, a federal criminal indictment and a congressional ethics probe, Santos, 35, became only the sixth member to be expelled from the House....
Economy

Generative AI a stumbling block in EU legislation talks -sources

Technology leaders attend a generative AI (Artificial Intelligence) meeting in San Francisco as the city is trying to position itself as the “AI capital of the world”, in California, U.S., June 29, 2023. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsSTOCKHOLM/BRUSSELS/LONDON, Dec 1 (Reuters) - EU lawmakers cannot agree on how to regulate systems like ChatGPT, in a threat to landmark legislation aimed at keeping artificial intelligence (AI) in check, six sources told Reuters.As negotiators meet on Friday for crucial discussions ahead of final talks scheduled for Dec. 6, 'foundation models', or...
Banking

U.S. to impose visa bans soon on Israeli extremist settlers for West Bank violence

U.S. President Joe Biden speaks In the Indian Treaty Room of the Eisenhower Executive Office Building at the White House complex in Washington, U.S., November 27, 2023. REUTERS/Evelyn Hockstein/File Photo Acquire Licensing RightsDUBAI, Dec 1 (Reuters) - The Biden administration has informed Israel that Washington will impose visa bans in the next few weeks on Israeli extremist settlers engaged in violence against Palestinian civilians in the occupied West Bank, a senior State Department official said.U.S. Secretary of State Antony Blinken in his meeting with Israeli Prime Minister Benjamin Netanyahu and...
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