News
End of deforestation: World leaders make big 2030 promise
Over 100 world leaders are set to commit to end and reverse deforestation by 2030, in the COP26 climate summit’s first major deal
Brazil, where large parts of the Amazon rainforest have been cut down, will be among the signatories collected on Tuesday, supporting the end of deforestation.
The pledge includes almost $19.2bn USD of public and private funds.
Experts have welcomed the move but many have warned a previous deal in 2014 had “failed to slow deforestation at all” and commitments needed to be delivered on, as promised this time.
Felling trees contributes to climate change because it depletes forests that absorb vast amounts of CO2 emissions.
The two-week long UN summit held in Glasgow is seen as critical – as world leaders unite to reveal their respected nation’s plans to act on climate action.
Who exactly will commit to deforestation?
Among the 100 countries who say they will sign the pledge include Brazil, Canada, Russia and Indonesia – each in which cover around 85% of the world’s forests.
Parts of the provided funding will go to developing countries to restore damaged land, tackle wildfires and support indigenous communities.
Governments of 28 countries will also commit to remove deforestation from the global trade of food and other agricultural products such as palm oil, soya and cocoa.
These industries drive forest loss by cutting down trees to make space for animals to graze or crops to grow.
More than 30 of the world’s biggest companies will commit to end investment programmes linked to deforestation.
UK Prime Minister Boris Johnson, who is hosting the global meeting in Glasgow, has labeled the commitment as a “landmark agreement to protect and restore the earth’s forests”.
Todays actions building on tomorrows future:
US President Joe Biden addressed the summit on Monday, stating that the United States will “lead by example” when it comes to implementing actions, targets and measures that address climate action.
The President called on world leaders to unite on the agenda, warning no country can escape what is to come if policymakers fail to seize the opportunity of making a change to global emissions.
“Right now, we’re still falling short. There’s no more time to hang back or sit on the fence or argue amongst ourselves,”
Biden said.
Underwhelming G-20 summit
Biden’s arrival in Scotland’s largest city comes shortly after leaders of the world’s 20 largest economies appeared to fall short of meaningful climate pledges in Rome, Italy, over the weekend.
Rome’s G20 summit resulted in countries agreeing to pursue “meaningful and effective” action to cap global heating to 1.5 degrees Celsius – that’s a threshold that is seen as critically important to avoid disaster.
However, the group offered few concrete actions to target climate change, with no explicit commitment to net-zero carbon emissions by 2050.
News
RBA rate hike fears & Fed cuts shake Wall Street
Fresh jobs data fuels speculation of earlier RBA rate hikes amid underlying labor-market issues affecting the Australian economy.
Fresh jobs data fuels speculation of earlier RBA rate hikes amid underlying labor-market issues affecting the Australian economy.
Fresh jobs data has sparked speculation that the Reserve Bank of Australia may raise rates sooner than expected. Market watchers are weighing how steady unemployment may mask deeper labor-market weaknesses and what that means for the Australian economy.
Kyle Rodda from Capital.com breaks down why some economists now expect the RBA could move twice in 2026 and how tighter financial conditions may influence households and businesses.
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#RBA #FedRateCut #WallStreet #InterestRates #AustralianEconomy #Investing #Markets #FinanceNews
News
Netflix vs Paramount: The Warner Bros takeover battle explained
Warner Bros faces a pivotal decision between Netflix and Paramount in the evolving streaming and filmmaking landscape.
Warner Bros faces a pivotal decision between Netflix and Paramount in the evolving streaming and filmmaking landscape.
The battle for Warner Bros is heating up, with Netflix and Paramount in a high-stakes clash that could redefine the streaming and filmmaking landscape. We break down who currently holds the stronger position and why Warner Bros might favor Netflix’s offer over Paramount’s all-cash bid.
Darren Woolley from TrinityP3 joins us to discuss the role of equity upside, shareholder sentiment, and the realistic chances of a hostile takeover. We also explore how political connections and regulatory scrutiny could shape the outcome of this landmark deal.
Finally, we look at the wider impact on competitors like Disney, Amazon, and Apple, as well as creators, production partners, and exhibitors. Who will ultimately win this battle for one of the most influential studios in modern media?
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#WarnerBros #Netflix #Paramount #StreamingWars #MediaTakeover #HollywoodDeals #EntertainmentNews #Ticker
SpaceX plans a $25 billion IPO in 2026, potentially valuing the company at over $1 trillion.
Elon Musk’s SpaceX is preparing to raise over $25 billion through an initial public offering in 2026. The move could value the space exploration company at over $1 trillion, fueled by its Starlink internet network and Starship rocket programme.
The IPO discussions are underway with major banks, targeting a launch around June or July. This comes as the IPO market experiences a revival after a three-year slowdown, attracting attention from both institutional and retail investors.
SpaceX is currently the second most-valuable private startup after OpenAI. While investors are excited, some remain cautious about Musk’s ability to manage multiple high-profile companies simultaneously.
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#SpaceX #ElonMusk #IPO #Starlink #Starship #TechNews #Investing #Startup
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