The Biden administration plans to cancel $4.65 billion of Ukraine's debt, as detailed in a letter to Congress. This move includes forgiving half of a $9 billion loan provided to Ukraine as part of a $60 billion supplemental package approved in April, a concept initially proposed by Donald Trump during his campaign.
Negotiators at COP29 are struggling to agree on a climate finance target, with proposals ranging from $100 billion to $2 trillion annually. Wealthy nations are hesitant to commit to significant increases, while developing countries demand more transparency and grants rather than loans. The outcome of these discussions is critical for future climate action, especially as the U.S. faces potential shifts in leadership that could impact funding commitments.
Oil supply is expected to exceed demand early next year, especially with OPEC+ increasing production. The recent Israeli strikes on Iranian targets have not escalated tensions significantly, leading to a potential decline in oil prices as the market anticipates a reduction in the war premium. Traders are likely to shift focus back to the bearish supply-demand outlook for 2025.
Reid Hoffman, co-founder of LinkedIn, presented his "super agency" vision at the TED AI conference, framing AI as a tool for human empowerment rather than a job replacer. He acknowledged concerns about AI's impact on jobs and misinformation but emphasized that the real divide will be between those who embrace AI and those who do not. Hoffman also criticized the rightward shift among tech leaders, hinting at self-interested motives behind their political support.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
