As heads of state gather in Glasgow, Scotland for a climate summit, much of the news will focus on nations setting carbon-reduction goals for decades down the road — long after those making the promises will be out of office. Setting ambitious long-term goals is good, but not good enough. Because more important than any promise countries make about 2050 is what they do between now and 2030. And what’s most important is what they do over the next few years about the biggest problem of all:… Source link

By Lawrence White LONDON (Reuters) – Barclays Chief Executive Jes Staley is leaving the bank after a dispute with British financial regulators over how he described his ties with convicted sex offender Jeffrey Epstein. Staley will be replaced as chief executive by the bank’s head of global markets C.S. Venkatakrishnan, who pledged on Monday to continue his predecessor’s strategy for Britain’s third-biggest bank by market value. Staley’s shock departure comes after Barclays was informed on… Source link

(Bloomberg) — Most Asian stocks rose Monday after the outcome of Japan’s election bolstered expectations for fiscal stimulus and as all-time highs for U.S. shares encouraged some investor optimism. The yen weakened. Most Read from Bloomberg Equities jumped more than 2% in Japan, where Prime Minister Fumio Kishida’s Liberal Democratic Party defied forecasts by preserving its outright majority. Stocks dipped in China amid data signaling economic weakness due to power shortages, surging… Source link

WASHINGTON — On Oct. 22, Dr. Anthony Fauci, the top medical adviser to President Biden, sat for a CNN interview that touched on coronavirus booster shots. The host of the program, John Berman, asked Fauci if people should seek out booster shots of the same brand of vaccine they’d initially received. “It’s generally recommended that you get the booster that is the original regimen that you got in the first place,” Fauci said. He conceded that mixing different types of vaccines was… Source link

Tensions in the South China Sea have been percolating for years now. Even in relatively calm times when the battling claimants of the contested waters manage to stay out of the headlines, the reality out on the sea is rarely tranquil. In fact, a recent report from the South China Morning Post has revealed that Chinese boats have been harassing Civilian vessels in the Malaysian and Vietnamese portions of the South China Sea “on a daily basis” for years. Extending from Singapore and the… Source link

The 800+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the second quarter, which unveil their equity positions as of June 30th. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive review of these public filings is finally over, so this article is set to reveal the smart money sentiment towards Merck & Co., Inc. (NYSE: Source link

GLASGOW — A leader of the UN’s Conference of Parties (COP) offered a blunt assessment to kick off the 2021 United Nations Climate Change Conference (COP26) most consequential gathering Sunday. “Very frankly, we are not where we need to be and I think that’s something that we need to be very honest about,” Patricia Espinosa, Executive Secretary of the United Nations Framework Convention on Climate Change, told reporters ahead of the World Leaders Summit. “We are seeing that all… Source link

The stock markets are at or near record highs right now, buoyed by a strong investors sentiment, especially among retail investors. Stocks represent a strong return while interest rates and bond yields remain low. But for return-minded investors, stocks are not the only game in town. The notoriously volatile Bitcoin has surged 109% this year, peaking above $65,000 earlier this month. Yet, some crypto watchers believe the digital coin will climb even higher. The cryptocurrency sector is worth… Source link

A version of this post was originally published on TKer.co. The U.S. economy has made an extraordinary comeback from its early 2020 lows. And while there is still some room for improvement, the economy has made enough progress that the Federal Reserve feels comfortable dialing back some of its emergency monetary policy efforts. This means you’re about to see a ton of mind-numbing headlines about the Fed and monetary policy and the “tapering” of quantitative easing (QE). This is incredibly… Source link

Google Home, the companion app for Google’s smart home products, is changing the way users interact with photos on the app and on Nest Hub devices. 9to5Google first noticed the changes, which include a revamped Photo Frame settings menu. Now, when you use Google Home to change the displayed album while your Nest Hub is idle, you’ll see a carousel-style UI that gives you the option to choose from curated groups of photos, categorized as “Select family & friends,” “Recent… Source link