2021年11月3日星期三

Wednesday Briefing: As politicians exit COP26, $130 trillion worth of financiers take the stage

Wednesday, November 3, 2021

by Linda Noakes and Katy Daigle

Sponsored by   Huawei

Hello

Here's what you need to know.

Show me the money - COP26 looks at who will pay for climate pledges, Republicans jolt Biden with a win in Virginia, and scientists eye the beginning of the end for the pandemic

Today's biggest stories

Activists dressed as world leaders take part in a media event during the U.N. Climate Change Conference in Glasgow, Scotland, November 2, 2021. REUTERS/Russell Cheyne

COP26

After a two-day flurry of high-level speeches and announcements, world leaders departed the U.N. climate summit, leaving the nitty gritty of negotiations to country delegates in coming days.

Today, delegations will start focusing on the rules around climate finance – looking for ways to entice more private money to tasks including decarbonizing economies and adapting to climate impacts.

Rich nations’ failure to meet a 2020 target for providing $100 billion a year in climate financing to developing countries has earned wide rebuke. But U.S. climate envoy John Kerry suggested the goal could be met by 2022, instead of the revised goal of 2023.

Kerry will sit down for a breakfast chat with architect Norman Foster, to discuss how urban areas can build more smartly for a warmer world.

Throughout the day, expect more focus too on issues including how companies measure climate risk exposure, plan to tackle their emissions and report their sustainability credentials.

See our full coverage of COP26

Republican gubernatorial nominee Glenn Youngkin throws a basketball to the crowd as his wife Suzanne watches during his election night party at a hotel in Chantilly, Virginia, November 3, 2021. REUTERS/Jonathan Ernst


U.S.

Republicans pushed Democrats out of the Virginia governorship and were running even in heavily Democratic New Jersey, signaling trouble for President Joe Biden's party heading into next year's congressional elections. We look at how Biden's struggles, and education wars, propelled Glenn Youngkin's Virginia victory.

Democrat Eric Adams won the New York City mayoral election, and Michelle Wu became the first woman and person of color elected as Boston mayor.

Minneapolis voters decided not to replace their police force with a new department that would have taken a holistic approach to crime, 18 months after the murder of George Floyd in the city sparked global protests for racial justice.

Senate Democrats will try to advance voting rights legislation in the face of overwhelming Republican opposition for a fourth time today, amid pressure to break the deadlock by altering a key Senate rule as early as this month.

The U.S. Supreme Court returns to the divisive issue of gun rights with arguments in a challenge to New York state's limits on carrying concealed handguns in public - a case that could imperil certain firearms restrictions nationally.

WORLD


As the devastating Delta variant surge eases in many regions of the world, scientists are charting when, and where, COVID-19 will transition to an endemic disease in 2022 and beyond, according to Reuters interviews with over a dozen leading disease experts.

Ethiopian Prime Minister Abiy Ahmed pledged to bury his government's enemies "with our blood" as he marked the start of the war in the Tigray region one year ago. All sides fighting in the war committed violations that may amount to war crimes, according to a joint investigation by the United Nations and Ethiopia.

Voter support for South Africa's ruling African National Congress was on course to drop below 50% for the first time since it ended white minority rule in 1994, according to partial returns from local polls held nationwide.

Beijing shoppers stocked up on cabbage, rice and flour for the winter, after the government urged people to keep stores of basic goods in case of emergencies, though it assured them there were sufficient supplies after some panic buying.

Iran's elite Revolutionary Guards foiled an attempt by the United States to "steal" the Islamic Republic's oil in the Sea of Oman, Iranian state TV reported, saying the incident took place recently.

BUSINESS

The Federal Reserve is expected to detail plans to end its pandemic-era bond purchases by mid-2022 as policymakers shift their focus towards what, if anything, to do about a surge in inflation that is lasting longer than anticipated. Here's how the Fed's taper works.

Ether, the world's second-largest cryptocurrency, hit an all-time high, catching up with bitcoin's rally and riding on news of wider blockchain adoption.

ByteDance founder Zhang Yiming has stepped down as chairman of the TikTok owner, after saying in May he would step down as CEO, a person with direct knowledge of the matter told Reuters, in the latest shake up at the tech giant.

Higher prices and strong electric vehicle sales helped German automaker BMW beat analysts' forecasts with a 42.4% year-on-year increase in third-quarter net profit to $2.99 billion.

Germany's Lufthansa posted a return to operating profit in the third quarter for the first time since the coronavirus crisis, supported by the easing of travel restrictions and strong demand during the summer season.

Quote of the day

“The English are stubborn, they won’t let go ... it is better to stay friendly and to find a compromise"

Cut off from British waters, French fishermen consider selling up

Video of the day

World's oldest tennis player takes on Nadal

Twenty-time Grand Slam champion Rafael Nadal hit shots with 97-year-old Ukrainian Leonid Stanislavskyi, a Guinness World Record holder.

And finally…

Condors can reproduce without mating

A study by conservation scientists at the San Diego Zoo Wildlife Alliance found that two condor chicks had hatched from unfertilized eggs.

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