Greenhouse gas emissions surged to a record level last yearand world temperatures could rise by more than twice the globally agreed warming limit if nothing is done, a U.N. report showed on Tuesday. The“Emissions Gap Report” is one of several studies released ahead of U.N. climate talks in Madrid next week aimed at spurring world leaders to limit climate change.
Reuters photographer Denis Balibousespent years shooting fast-moving subjects in fast-breaking events – the winning goal in a Europa League soccer clash, the confrontation in an Extinction Rebellion street protest. Then he found himself facing a different kind of challenge - how to capture a much slower story, the century-long retreat of Switzerland’s glaciers in the face of global warming. Read his account.
Alibaba’s Hong Kong shares closed their first trading session up 6.6% from the issue price after this year’s largest stock sale. Shares worth HK$13.99 billion ($1.78 billion) were traded, according to Refinitiv data, making it the third biggest debut on record for the Hong Kong market.
Fiat Chrysler and Peugeot-owner PSA told their employees they would sign a binding merger agreement in coming weeks. FCA and PSA are in talks to finalize a merger that would create the world’s fourth-largest carmaker.
Wall Street stocks have leap-frogged over a host of concerns, including a stall in corporate earnings and political controversy in Washington, on their way to record highs this month. The prospect of renewed economic growth and favorable monetary policy have arguably played greater roles than trade optimism in fueling the rally in U.S. shares, some say.
First the bad news for your wallet: Americans are slated to spend more than they ever have this holiday season - around $730 billion in November and December, according to the National Retail Federation. Now the good news: There is money to be made on the other side of that trade.
