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Climate change poses multiple risks for banks
Climate change poses multiple risks for banks
by  AFP

Climate change poses risks to banks on several levels: it can directly impact their finances, tarnish their image and land them in the courtroom. - Reputation risk - The research done by NGOs like Finance Watch and Reclaim Finance evaluating bank lending in light of climate change is regularly used by media and has begun to tarnish their public image.

Pharrell Williams to bring star power to Web Summit tech event
Pharrell Williams to bring star power to Web Summit tech event
by  AFP

Singer Pharrell Williams is due to kick off one of Europe's biggest tech events on Monday, the Web Summit in Lisbon, with organisers keen to move on from last year's edition when several big firms pulled out. Google, Meta and a string of other firms pulled out of last year's event after Web Summit chief executive Paddy Cosgrave wrote social media posts accusing Israel of war crimes in Gaza.

On Kinshasa's streets hairdressers make a quick buck
On Kinshasa's streets hairdressers make a quick buck
by  AFP

Standing in a makeshift salon on the side of a dusty backstreet in Democratic Republic of Congo capital Kinshasa Papy Kalume pulled a fresh razor out of his bag. Kalume did work "officially" for a few years in a regular salon.

Qantas plane returns to Australia airport due to 'engine failure', sparks fire
Qantas plane returns to Australia airport due to 'engine failure', sparks fire
by  AFP

A Qantas plane made an emergency landing Friday due to a "contained engine failure" soon after taking off from Sydney Airport, sparking a grassfire on a nearby runway and causing several flights to be diverted. Eleven domestic flights were cancelled and four diverted to other airports, a Sydney Airport spokesperson said. lec/sco

China poised to approve more help for ailing economy
China poised to approve more help for ailing economy
by  AFP

China is expected to unveil a huge support package for the struggling economy Friday as officials wrap up a key meeting with an eye on the possibility of intensified trade tensions with US president-elect Donald Trump. "In our view, the odds for a larger policy support package will rise somewhat with a Trump victory," he added.

Asian markets extend rally after Fed cut
Asian markets extend rally after Fed cut
by  AFP

Asian equities extended gains Friday, tracking another Wall Street record after the Federal Reserve cut interest rates and on the prospect of market-friendly policies from a Trump administration. On Wall Street, the S&P 500 and Nasdaq rallied again to hit fresh records, helped by strong performances by tech titans Apple, Google parent Alphabet and Facebook's Meta.