COP27 delivers climate fund breakthrough at cost of progress on emissions

COP27 delivers climate fund breakthrough at 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 U.N. 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

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

Germany warns its delegation of Egyptian spies at COP27

Germany warns its delegation of Egyptian spies at COP27

BERLIN, Nov 13 (Reuters) – German federal police have warned their nation’s delegation at the COP27 environmental summit in Egypt that its members may be subject to spying by Egyptian security agents, three people with knowledge of the matter said. In an email sent on Saturday, the police, known in Germany as the BKA, warned … Read more

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

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 striker 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, U.N. boss says

COP27: We’re on a highway to climate hell, U.N. boss says

China, United States have leading role Guterres seeks coal phase-out by 2040 UAE, host of 2023 talks, says 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 stark choice: … Read more

Egypt to develop new currency indicator to wean people off U.S. dollar

Egypt to develop new currency indicator to wean people off U.S. dollar

CAIRO, Oct 23 (Reuters) – Egypt will develop a new currency indicator partly to wean people off the idea that the Egyptian pound should be pegged to the U.S. dollar, the new central bank governor said on Sunday. Hassan Abdalla, appointed in August, told an economic conference that the central bank was also working to … Read more

Egypt seeking to push forward critical IMF deal in Washington

Egypt seeking to push forward critical IMF deal in Washington

Economy one of many buffeted by Ukraine fallout Non-oil imports fell 20% as dollars ran dry Tens of billions of dollars in debt due in coming years Economists say IMF likely seeking currency float CAIRO, Oct 12 (Reuters) – Egypt is pushing to tie up a crucial financial package from the International Monetary Fund at … Read more

Apple to raise App Store prices in some countries in Europe, Asia

Apple to raise App Store prices in some countries in Europe, Asia

A man walks next to an advertisement for Apple’s new iPhone 11 Pro at the Apple Store in IFC, Central district, Hong Kong, China October 10, 2019, after Apple Inc on Wednesday removed an app that protestors in Hong Kong have used to track police movements from its app store. REUTERS/Athit Perawongmetha/File Photo Register now … Read more

Gaza farmer unearths Byzantine-era mosaic

Gaza farmer unearths Byzantine-era mosaic

Register now for FREE unlimited access to Reuters.com Register GAZA, Sept 18 (Reuters) – An ornate Byzantine floor mosaic showing a variety of colourful birds and other animals has been discovered by chance in Gaza after a Palestinian farmer tried to plant new trees on his land. Salman al-Nabahin unearthed the relic six months ago … Read more

Ship refloated after running aground in Egypt’s Suez Canal -sources

Ship refloated after running aground in Egypt’s Suez Canal -sources

An aerial view of the Gulf of Suez and the Suez Canal are pictured through the window of an airplane on a flight between Cairo and Doha, Egypt, November 27, 2021. REUTERS/Amr Abdallah Dalsh Register now for FREE unlimited access to Reuters.com Register CAIRO, Sept 1 (Reuters) – Tug boats refloated a ship that briefly … Read more