November 12, 20240 Comments

How methane emissions threaten climate goals By Reuters

By Gloria Dickie BAKU (Reuters) – Fast-rising methane emissions could undermine efforts to limit global warming by mid-century, prompting scientists and policymakers to urge aggressive action to curb output of the potent greenhouse gas.  Nearly 160 countries have pledged a 30% cut from 2020 methane emissions levels by the end of this decade.  Over the last five years atmospheric methane levels have risen at their fastest rate since record-keeping began in

Read More
November 12, 20240 Comments

Brazil’s currency weakens amid government delays in announcing new fiscal measures By Reuters

BRASILIA (Reuters) – Brazil’s currency weakened on Monday (NASDAQ:) as President Luiz Inacio Lula da Silva’s administration postponed the release of long-awaited spending-containment measures, despite earlier signals of an imminent announcement. The real fell about 1% against the U.S. dollar, extending its decline for the year to over 16%. The currency’s drop, which raises import costs and adds to inflationary pressures, follows the government’s hesitation to announce a fiscal package

Read More
November 12, 20240 Comments

COP29 host Azerbaijan hits out at West in defence of oil and gas industry By Reuters

By William James and Kate Abnett BAKU (Reuters) -The president of Azerbaijan, host of this year’s U.N. climate summit, lashed out at Western critics of his country’s oil and gas industry on Tuesday. Speaking in his keynote address at the COP29 climate summit, where nearly 200 nations are negotiating global action on climate change, President Ilham Aliyev described his country as a victim of a “well-orchestrated campaign of slander and

Read More
November 12, 20240 Comments

Iran’s president says Tehran has to deal with Washington By Reuters

DUBAI (Reuters) -Iran’s President Masoud Pezeshkian said Tehran will not be able to ignore its arch-foe the United States and needs to “handle its enemies with forbearance”, state media reported on Tuesday, a week after Donald Trump won the U.S. presidential election. “Whether we like it or not, we will have to deal with the U.S. in the regional and international arenas, so it is better to manage this relation

Read More
November 12, 20240 Comments

Dollar extends gains as traders position for new Trump administration By Investing.com

Investing.com – The U.S. dollar rose Tuesday to a four-month high as traders continued to position for the new Trump administration and a more restrictive Federal Reserve. At 04:00 ET (09:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.3% higher to 105.740, its highest level since the beginning of July. Trump trade boosts dollar  The dollar has been in demand for

Read More
November 12, 20240 Comments

Post-election fall in gold a “stumble, not a sea change,” JPMorgan says By Investing.com

Investing.com – Gold prices moved lower in European trade on Tuesday, as the dollar firmed sharply amid speculation over the policies of the incoming Donald Trump administration. Improved risk appetite, following Trump’s election victory last week, sapped gold of safe haven demand. A sharp rally in the dollar also pressured bullion prices. fell 0.9% to $2,595.56 an ounce, while expiring in December dipped by 0.6% to $2,601.55 an ounce by 06:52

Read More