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India's delegation expressed outrage at COP29 over the swift adoption of a USD 300 billion climate-finance package, which they deemed "unfair" and "stage-managed." Adviser Chandni Raina criticized the amount as "abysmally poor" compared to the USD 1 trillion needed annually by developing countries, highlighting concerns over the sources of funding and the voluntary nature of contributions.
UBS has faced criticism for its lack of transparency regarding its historical ties to slavery, despite evidence linking its predecessor institutions to the slave trade. Swiss historian Hans Fässler has urged UBS to acknowledge its colonial past, but the bank has dismissed these claims, citing a lack of evidence. Many company archives remain closed, hindering further research into the extent of Swiss financial institutions' involvement in slavery.
Southwest Airlines' director now owns 3,606,311 shares valued at over $108 million, marking a 21.73% increase in their position. Institutional investors hold 80.82% of the stock, with recent significant purchases from Olstein Capital and Mizuho Securities. Analysts maintain a "hold" rating, with UBS Group setting a target price of $27, indicating a potential downside of 16.74%.
India's strong rejection of the climate finance deal at COP29 highlights its commitment to advocating for the Global South, demanding higher support from wealthy nations. The agreed $300 billion annual target by 2035 falls short of the $1 trillion sought by developing countries, reflecting ongoing frustrations over inadequate financial commitments for climate action. India's stance signals a broader call for richer nations to fulfill their responsibilities, as developing countries face increasing pressures to transition to low-carbon pathways without sufficient support.
Rich nations have agreed to a new climate finance goal of at least $300 billion annually by 2035 for developing countries, replacing the previous $100 billion target. Despite criticism from vulnerable nations for its insufficiency, the deal aims to mobilize a total of $1.3 trillion per year from all sources by 2035. The agreement, reached amid contentious negotiations, emphasizes the need for timely funding to address the escalating climate crisis.
UBS has faced scrutiny over its historical ties to slavery, with researchers revealing multiple connections to the slave trade through its predecessor institutions. Despite calls for an independent investigation, UBS has dismissed these findings, claiming a lack of evidence while keeping many archives closed to public access. The legacy of Swiss financial institutions in the transatlantic slave trade remains largely unexamined, highlighting a reluctance to confront this dark chapter of history.
Cuba faces intensified political pressure as Donald Trump returns to the White House with hawkish Senator Marco Rubio as his secretary of state. The island is already grappling with economic turmoil, hunger, and natural disasters, raising concerns that U.S. policies will become more stringent.
US sanctions authorities are investigating UBS regarding its Russian clients following its acquisition of Credit Suisse, which included clients that may not meet UBS's risk standards. The Office of Foreign Assets Control (OFAC) has reached out to UBS for information, amid ongoing scrutiny of potential sanctions violations by major Swiss banks. UBS has committed to reviewing client relationships and maintaining a conservative risk profile, especially after the significant reduction of Russian client funds post-Ukraine invasion.
Javier Milei, Argentina's libertarian president, aligns with Donald Trump's anti-left stance but diverges on trade, favoring fewer barriers. Trump's second term could reshape Latin America, particularly impacting Mexico's economy through potential tariff increases and deportations, while Argentina hopes for financial aid amid its debt crisis.
The Trump administration intensified efforts to oust Maduro in Venezuela, enacting severe sanctions and launching a CIA task force focused on cyber operations against the regime. Despite initial setbacks, a cyberattack disrupted military payrolls, revealing internal dissent. However, the CIA's broader pro-democracy initiatives faced criticism for lacking impact amid Venezuela's humanitarian crisis, leading to tensions with the administration over the agency's approach.
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India condemns unfair climate finance deal at COP29 amid diplomatic tensions
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ubs faces scrutiny over historical links to slavery and colonialism
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uthwest airlines sees significant insider trading and mixed analyst ratings
14:04 26.11.2024
India rejects climate finance deal at COP29 demanding greater support for Global South
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developing nations express disappointment over new climate finance goal at cop29
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00:40 24.11.2024
ubs faces scrutiny over historical ties to slavery and colonialism
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us authorities investigate ubS over russian clients following credit suisse takeover
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trump's second term and its implications for latin america's political landscape
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us sanctions and covert efforts to oust maduro amid election fraud
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