Worried by climate change, EU moves to end fossil fuel funding

WNM | Nov 10, 2019 at 12:05 PM

The European Union should phase out its funding of oil, gas and coal projects, EU finance ministers said in a joint statement on Friday, in a move that could mark a major shift in the bloc’s efforts to combat climate change.

Brazil unveils reform package to tackle huge fiscal deficit

WNM | Nov 6, 2019 at 12:33 AM

Brazilian President Jair Bolsonaro’s government unveiled a bundle of wide-ranging reforms on Tuesday, aimed at cutting spending and reducing the size of the state to drive down its chronic fiscal deficit.

Trump administration notifies U.N. of planned Paris climate accord exit

WNM | Nov 5, 2019 at 12:07 AM

The Trump administration has formally notified the United Nations that it will withdraw the United States from the Paris Agreement, the first formal step in a one-year process to exit the global pact to fight climate change, U.S. Secretary of State Mike Pompeo confirmed on Monday.

Chile cancels APEC trade summit and major climate gathering after riots

WNM | Oct 30, 2019 at 9:40 PM

hile withdrew on Wednesday as the host of an APEC summit next month at which the United States and China had been expected to sign a deal to ease a trade war that has hurt the global economy, as raging street protests gripped the South American country.