Chennai airport runway flooded as Cyclone Michaung nears India

Chennai airport runway flooded as Cyclone Michaung nears India

CHENNAI, Dec 4 (Reuters) – At least four people died, factories closed and the runway of one of India’s busiest airports lay submerged due to torrential rain, as two southern states were braced on Monday for the impact of a severe cyclone. Cyclone Michaung was expected to make landfall on the coast of the southern …

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Climate finance takes centre stage at COP28 climate talks

Climate finance takes centre stage at COP28 climate talks

[1/3]People take part in a climate protest coinciding with COP28 being held in Dubai and ahead of the upcoming Belgian presidency of the Council of the European Union, in Brussels, Belgium, December 3, 2023. REUTERS/Johanna Geron Acquire Licensing Rights UAE banking sector pledges $270 bln in green finances by 2030 Saudi leaders skip flagship event, …

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UN chief, COP28 president clash over future of fossil fuels

UN chief, COP28 president clash over future of fossil fuels

Leaders push starkly different hopes for fossil fuels King Charles III of Britain pleads for climate progress COP28 advisor from Marshall Islands quits in protest DUBAI, Dec 1 (Reuters) – U.N. Secretary General Antonio Guterres urged world leaders at the COP28 climate summit to plan for a future without fossil fuels, saying there was no …

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OPEC+ agrees to voluntary oil output cuts, invites Brazil to join

OPEC+ agrees to voluntary oil output cuts, invites Brazil to join

FILE PHOTO: OPEC’s logo is seen in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic Acquire Licensing Rights OPEC+ announces no new group cut target for 2024 Instead members led by Saudi Arabia to make voluntary cuts Saudi to roll over 1 million bpd cut into Q1 Russia to cut 500,000 bpd OPEC+ invites Brazil …

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Oil prices rise as OPEC+ meets to discuss supply cuts

Oil prices rise as OPEC+ meets to discuss supply cuts

An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS/File Photo Acquire Licensing Rights LONDON, Nov 30 (Reuters) – Oil prices rose by more than 1% on Thursday in anticipation of the outcome of an OPEC+ meeting with …

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COP28 opens with plea to work together on fossil fuels

COP28 opens with plea to work together on fossil fuels

[1/4]Attendees arrive for the opening of U.N.’s COP28 climate summit in Dubai, United Arab Emirates, November 30, 2023. REUTERS/Amr Alfiky Acquire Licensing Rights COP28 president says engaging on fossil fuels ‘essential’ Countries and oil companies urged to work together Summit delegates hope for early approval of disaster fund deal DUBAI, Nov 30 (Reuters) – The …

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Treasury yields fall on data, rate cut expectations; dollar gains

Treasury yields fall on data, rate cut expectations; dollar gains

NEW YORK/LONDON, Nov 29 (Reuters) – Treasury yields fell on Wednesday while the dollar gained and MSCI’s global stock index barely rose as U.S. Federal Reserve officials provided mixed messages on monetary policy while third-quarter data provided encouraging signs for the economy. In U.S. equities, the S&P 500 edged lower and Nasdaq dipped while the …

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Tesla on two wheels? India’s Ola Electric feels the strains of success

Tesla on two wheels? India’s Ola Electric feels the strains of success

India’s No. 1 e-scooter maker faces challenges ahead of IPO Some service centres have big backlogs, long repair times Ola’s CEO says it’s aggressively expanding service network THANE/HYDERABAD/NEW DELHI/MUMBAI, Nov 28 (Reuters) – Bhavish Aggarwal, India’s answer to Elon Musk, is racing to roll out millions of electric scooters and speed his nation to a …

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India announces phased introduction of biogas blending for domestic use

India announces phased introduction of biogas blending for domestic use

Biogas, methane collected from dairy farms, is piped into a cleaning facility at the Calgren facility in Pixley, California, U.S., October 2, 2019. Picture taken October 2, 2019. REUTERS/Mike Blake/File Photo Acquire Licensing Rights NEW DELHI, Nov 25 (Reuters) – India will start blending compressed biogas with natural gas to boost domestic demand and cut …

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Asian shares dragged lower by China, Treasury yields climb

Asian shares dragged lower by China, Treasury yields climb

Photographers take photos near a large screen showing stock prices at the Tokyo Stock Exchange (TSE) after market opens in Tokyo, Japan October 2, 2020. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing Rights SYDNEY, Nov 24 (Reuters) – Asian shares were dragged lower by losses in China on Friday and in the absence of guidance from Wall …

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