Norway's sovereign wealth fund said Monday that it had divested from US construction equipment firm Caterpillar over purported involvement in rights violations in the Israel-Hamas war. The fund said it had also withdrawn from five Israeli firms for financing the construction of illegal settlements in the Israel-occupied West Bank.
EU chief Ursula von der Leyen said Sunday "the devil is always in the details" as she spoke of a budding South America trade deal that France has vowed to block at all costs. But it "won't proceed without political agreement" among the bloc's member states, one official in von der Leyen's entourage told AFP. Von der Leyen was to meet Sunday with Brazilian President Luiz Inacio Lula da Silva.
President Emmanuel Macron on Sunday defended France's resistance to a much-touted trade deal between the European Union and South American countries in talks with his Argentine counterpart Javier Milei in Buenos Aires.
Suffocating under a mountain of debt to China, communist Laos is struggling to tame rampant inflation, with food prices rising so sharply that a growing number of households are resorting to foraging. A growing number of households are so desperate for food that they are now having to forage to supplement their diets, according to a World Bank household survey earlier this year.
Trillions of dollars are needed to make poorer nations more resilient to climate change, and studies have estimated that every $1 invested today will save at least $4 in future. - Political jitters - But governments are limited in the amount they can borrow, he said, and reluctant to dip into their budgets for climate adaptation in poorer nations.
Egypt's economy has been in crisis for years, but as the latest round of International Monetary Fund-backed reforms bites, much of the country's middle class has found itself struggling to afford goods once considered basics. For some, this has extended to cutting back on even the most basic goods -- such as milk.
Lina al-Khalil has fled her south Beirut home to escape escalating Israeli attacks on Hezbollah, but she still returns daily to the bombarded area to keep the family business running. - 'Hide-and-seek' - South Beirut grocer Mehdi Zeitar, in his 50s, has had to find a place to live after an Israeli strike destroyed his home.
US President-elect Donald Trump nominated fracking magnate and climate change skeptic Chris Wright as energy secretary on Saturday, tasking him with "cutting red tape" which the new administration hopes will drive investment in fossil fuels.
Chinese President Xi Jinping on Saturday called for Asia-Pacific economies to "unite and cooperate" in the face of mounting "protectionism," at a summit in Peru. Speaking to Asia-Pacific Economic Cooperation (APEC) leaders hours before he is due to hold talks with US counterpart Joe Biden, Xi pointed to "challenges such as geopolitics, unilateralism and rising protectionism."
French President Emmanuel Macron will stress the importance of international action on climate change at talks Saturday with his right-wing Argentine counterpart Javier Milei who pulled his country out of the COP29 climate talks.
Economy
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