G20 Summit Opens In Bali With A Plea For Unity As Ukraine War Tops Agenda
"We have no other option, collaboration is needed to save the world," Indonesian President Joko Widodo said in opening remarks, before the leaders of the world's wealthiest nations began closed-door discussions.
Oil Prices Slip On OPEC Cut In Demand Forecast, China COVID Cases
The Organization of the Petroleum Exporting Countries (OPEC) cut its 2022 global oil demand growth forecast for a fifth time since April, citing mounting economic challenges including high inflation and rising interest rates.
Climate Justice Gets Harder As World Population Passes 8 Billion
Whether its food or water, batteries or gasoline, there will be less to go around as the global population adds another 2.4 billion people by the 2080s, according to U.N. projections.
Ukraine Asks U.S. For Big Drones, Hoping To Overcome Opposition
The United States rejected Kyiv's prior request for the drones, concerned they could be shot down, were not essential to Ukraine's war effort and could escalate the conflict.
Amazon To Lay Off Thousands Of Employees -source
The source attributed the reduction to the uncertain macroeconomic environment faced by Amazon and other companies.
Hundreds Flee As Congo's M23 Rebels Near Key City Of Goma
Fighting in the Democratic Republic of Congo between the army and M23 rebels has moved close to the key eastern city of Goma, said an army spokesperson on Monday, causing a fresh wave of displacement amid diplomatic efforts to resolve the conflict.
Ghana Picks Lazard, GSA, Hogan Lovells As Advisers For Debt Talks -sources
Investment bank Lion's Head Global Partners is also advising the government, one of the people said, though mainly focused on domestic notes issuance.
G7 Launches Climate 'Shield' Fund, Some Countries Wary
Ghana's finance minister Ken Ofori-Atta, who chairs the V20 group of vulnerable countries, called the creation of the Global Shield "long overdue".
Russia's Lavrov Dismisses Report That He Was Taken To Hospital At G20
Associated Press, citing Indonesian officials, said that Lavrov had been taken to hospital after arriving on the island of Bali for a Group of 20 summit.
Brazil And Rainforest Nations Join Forces To Save Jungle
The world's three largest rainforest nations Brazil, Democratic Republic of Congo and Indonesia on Monday formally launched a partnership to cooperate on forest preservation.
Crypto.com Says Balance Sheet Strong, Exchange Not In Trouble
Chief executive Kris Marszalek took questions in a livestreaming YouTube address, and also said the platform always maintained reserves to match every coin customers held on its platform.
Elon Musk Says 'I Have Too Much Work On My Plate'
Musk is chief executive of both companies and also runs rocket firm SpaceX, brain-chip startup Neuralink and tunneling firm the Boring Company.
EU Set To Pile More Sanctions On Iran Over Violent Crackdown On Protesters
The protests, sparked by the Sept. 16 death of Mahsa Amini in morality police custody, mark one of the boldest challenges to the Islamic Republic since the 1979 revolution.
For Host Indonesia, A G20 Summit Dogged By Russia-Ukraine Rancour
Indonesia, the world's fourth-most populous country and Southeast Asia's largest economy, assumed the chair of the G20 in December with plans to focus on recovery from the coronavirus pandemic and boosting the interests of developing nations.
Britain To Urge G20 To Take Coordinated Action On Economic Instability
British Prime Minister Rishi Sunak will call on the Group of 20 (G20) for coordinated action to address international economic instability and the rising cost of living in the wake of Russia's invasion of Ukraine, his government said on Monday.
As Regulators Scrutinise FTX, Investor Focus Swings To Crypto.com
The fallout from the collapse of crypto exchange FTX kept bitcoin and other cryptocurrencies under pressure on Monday, with market participants worrying about heavy withdrawals at Singapore-based exchange Crypto.com.
Dying Lands: Farmers Fight To Save The 'Skin Of The Earth'
Soil erosion could lead to a 10% loss in global crop production by 2050, according to the UN's Food and Agriculture Organization (FAO).
Canada, Nigeria Target Oil And Gas Methane Emissions With New Laws
The announcements came as the United States on Friday said it would expand its own rules to require oil and gas drillers to find and fix leaks of methane at all of the country's well sites.
Exclusive: At Least $1 Billion Of Client Funds Missing At Failed Crypto Firm FTX
At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter.
China Premier Li Emphasised 'Irresponsibility' Of Nuclear Threats At Asia Summit - U.S. Official
Chinese Premier Li Keqiang emphasised the "irresponsibility" of nuclear threats during a summit in Cambodia, suggesting Beijing is uncomfortable with strategic partner Russia's nuclear rhetoric, a senior U.S.
Indonesia, ADB Launch First Coal Power Plant Retirement Deal
The Manila-based multilateral lender and Indonesian Finance Minister Sri Mulyani Indrawati announced the MOU with independent power producer Cirebon Electric Power in Bali on the sidelines of the G20 leaders summit.
VW South Africa Looks To Asia, Latam As Europe Shifts To EVs
Three quarters of cars produced by South Africa's auto industry, which accounts for 5% of gross domestic product and over 100,000 jobs, are exported, mostly to European countries.
'Black Panther' Sequel Ignites Box Office With $330 Million Global Debut
The sequel to 2018 Oscar-nominated blockbuster "Black Panther" racked up roughly $180 million at domestic theaters Thursday night through Sunday, distributor Walt Disney Co said.
FTX Collapse Being Scrutinized By Bahamas Authorities
FTX filed for bankruptcy on Friday, one of the highest profile crypto blowups, after traders rushed to withdraw $6 billion from the platform in just 72 hours and rival exchange Binance abandoned a proposed rescue deal.
Ahead Of A Tense G20 Summit, Biden And Xi To Meet For Talks
The two leaders are expected to discuss Taiwan, Russia's invasion of Ukraine and North Korea's nuclear ambitions, many of the same issues that loom over the G20 that opens on Tuesday without Russian President Vladimir Putin in attendance.
IMF Says Chad Debt Deal Cuts Risks, Protects Against Oil Price Fall
Chad on Friday said it had reached a debt agreement with Swiss commodities trader Glencore Plc and other creditors.
South Africa's Ramaphosa Focuses On The Poor As He Seeks ANC Re-election
Ramaphosa was concluding the African National Congress (ANC) executive committee meeting before an elective conference next month chooses the party's candidate for 2024 national elections.
With Biden And Xi To Meet, China Warns U.S. On Taiwan Briefing
The two leaders will meet on Monday, the White House said, for their first face-to-face meeting since Biden became president, amid low expectations for significant breakthroughs.
Japan's Justice Minister Resigns After Death Penalty Quip
The justice minister, Yasuhiro Hanashi, had come under widespread criticism over comments reported in the media in which he made light of his duties, specifically signing off on executions, which he referred to as "tedious".
Migrant Ships Docks In France As Row With Italy Escalates
The ship docked at a military port in Toulon with migrants, including dozens of children, saved from the Mediterranean in October.