Biden says US is ‘all in’ on Africa’s future

WASHINGTON, Dec 14 (Reuters) – President Joe Biden announced an agreement aimed at bolstering trade ties between the United States and Africa on Wednesday after years in which the continent took a back seat to other US priorities as China made inroads with investments and trade. “The United States is ‘all in’ on Africa’s future,” … Read more

COP27 delivers climate fund breakthrough at the cost of progress on emissions

COP27 climate summit ends after marathon weekend negotiations Final deal delivers on creating historic climate finance fund Negotiators say some blocked tighter emissions targets SHARM EL-SHEIKH, Egypt, Nov 20 (Reuters) – Countries closed this year’s UN climate summit on Sunday with a hard-fought deal to create a fund to help poor countries being battered by … Read more

COP27 nears breakthrough on climate finance in scramble for final deal

Countries studying details of new draft agreement Delegates herald possible breakthrough on loss and damage EU prepared to exit talks without positive outcome Some nations want firmer goals on long-term action SHARM EL-SHEIKH, Egypt, Nov 19 (Reuters) – Negotiators at the COP27 climate summit in Egypt neared a breakthrough deal on Saturday for a fund … Read more

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

Mediterranean marine heatwaves threaten coastal livelihoods

KERKENNAH ISLANDS, Tunisia, Nov 13 (Reuters) – A decade ago, Tunisian fisherman Ahmed Chelli’s nets bulged with fish and octopus that he sold at the local market in the Kerkennah islands. Today, he pulls up only “ISIS” — the name locals have given to the blue crabs that have invaded their fishing grounds in the … Read more

COP27: Biden says the climate crisis is about ‘very life of the planet’

SHARM EL-SHEIKH, Egypt, Nov 11 (Reuters) – US President Joe Biden told the COP27 climate conference in Egypt on Friday that global warming posed an existential threat to the planet and promised the United States would meet its targets for fighting it. His speech was intended to pump up global ambition to prevent the worst … Read more

Biden’s COP27, G20 plans: Talk to Xi, pressure Russia, contain North Korea

WASHINGTON, Nov 10 (Reuters) – President Joe Biden begins a week-long trip to Egypt and Asia on Thursday to grapple with some of the United States’ thorniest foreign policy issues, boosted by a better-than-expected showing by Democrats in the midterm elections. Biden hops from an international climate summit in Egypt on Nov. 11 to an … Read more

COP27: Polluters must pay for climate change, poor nations tell rich

Island nations call for global carbon tax ‘While they are profiting, the planet is burning’ Fears grow for jailed hunger strikers in Egypt SHARM EL-SHEIKH, Egypt, Nov 8 (Reuters) – Leaders from poor countries criticized wealthy governments and oil companies for driving global warming, using their speeches on Tuesday at the COP27 climate summit in … Read more

COP27: We’re on a highway to climate hell, UN boss says

China, the United States have leading roles Guterres seeks coal phase-out by 2040 UAE, host of 2023 talks, says it will keep producing fossil fuel SHARM EL-SHEIKH, EGYPT, Nov 7 (Reuters) – United Nations Secretary General Antonio Guterres told countries gathered at the start of the COP27 summit in Egypt on Monday they face a … Read more

Egypt’s pound slides as IMF deal triggers new exchange rate regime

Central bank hikes rates in an effort to contain inflation IMF says deal can catalyze about $5 bln in FY 2022/23 Finance rules that snarled imports to be phased out CAIRO, Oct 27 (Reuters) – Egypt’s pound slid about 14.5% to a record low against the dollar on Thursday as authorities announced a $3 billion … Read more