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COP28 fossil fuel debate sizzles as world marks record hot year
COP28 fossil fuel debate sizzles as world marks record hot year
by  AFP

With 2023 confirmed to be the hottest year on record by Europe's climate monitor, the temperature was also rising on Wednesday for negotiators thrashing out the thorny issue of fossil fuels at COP28 in Dubai. Europe's climate monitor on Wednesday said this year will be the hottest in recorded history after November became the sixth record-breaking month in a row.

Southeast Asia banks on aviation boom
Southeast Asia banks on aviation boom
by  AFP

Major airport expansion projects are taking off across Thailand, Cambodia and Vietnam, and a new airline is set to launch next year -- all banking on an expected boom in air travel in Southeast Asia, fuelled by Chinese and Indian tourists. - Airport boom - Southeast Asia is becoming a hot property, with private and public players competing for an expanding market.

Asian markets on front foot as US jobs data provide new rate cheer
Asian markets on front foot as US jobs data provide new rate cheer
by  AFP

Asian stocks rose Wednesday after a tepid start to the week as data pointing to a softening US labour market restoked hopes the Federal Reserve will cut interest rates in the new year. While the jobs figures reinforced rate cut hopes, Wall Street's three main indexes ended mixed.

High speed rail between LA and Las Vegas gets $3bn boost
High speed rail between LA and Las Vegas gets $3bn boost
by  AFP

A proposed high-speed rail line linking Los Angeles with the US gambling and entertainment capital Las Vegas moved closer to reality Tuesday with the announcement of a $3 billion government grant. A line linking Las Vegas with America's second biggest city has been mooted for almost two decades, during which time its proposed cost has ballooned.

US antitrust regulators probe ExxonMobil's Pioneer deal
US antitrust regulators probe ExxonMobil's Pioneer deal
by  AFP

US antitrust officials are seeking additional information related to ExxonMobil's megadeal to acquire Pioneer Natural Resources for about $60 billion, according to a securities filing Tuesday. The Federal Trade Commission (FTC) lodged a second request for "additional information and documentary materials" with both companies on Monday, Pioneer said in the filing.

Climate change by numbers
Climate change by numbers
by  AFP

As countries try to hammer out a response to climate change at the COP28 talks in Dubai, here are some key figures about how fossil fuels have warmed our world.