Category: PMN Business

Nov 20

Tired of Waiting for Climate Finance, Africa Sets Up Green Banks

Article content (Bloomberg) — With promises of climate finance from the developed world having largely remained unfulfilled, African nations are now looking to fill the gap themselves.  Egypt, Morocco, Benin and Ivory Coast are setting up so-called green banks under the guidance of the African Development Bank, according to Audrey-Cynthia Yamadjako, the lender’s principal climate […]
Nov 20

Bets on ECB Cuts Risk Prompting Hike Instead, Wunsch Says

Article content (Bloomberg) — The European Central Bank may have to raise borrowing costs again if investor bets on monetary loosening undermine the institution’s policy stance, Governing Council member Pierre Wunsch said.  Markets are taking an “optimistic” view by discounting the possibility of further hikes and expecting the first reduction of the ECB’s deposit rate […]
Nov 20

3rd release of treated water from Japan’s damaged Fukushima nuclear plant ends safely, operator says

Article content TOKYO (AP) — The release of a third batch of treated radioactive wastewater from Japan’s damaged Fukushima nuclear plant into the Pacific Ocean ended safely as planned, its operator said Monday, as the country’s seafood producers continue to suffer from a Chinese import ban imposed after the discharges began. Large amounts of radioactive […]
Nov 19

Do snitches net fishes? Scientists turn invasive carp into traitors to slow their Great Lakes push

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Todd Richmond Published Nov 19, 2023  •  5 minute read Join the conversation Article content LA CROSSE, Wis. (AP) — Wildlife officials across the Great Lakes are looking for spies to take on an almost impossible mission: stop the spread of invasive carp. […]
Nov 19

Sugar prices are rising worldwide after bad weather tied to El Nino damaged crops in Asia

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Aniruddha Ghosal And Chinedu Asadu Published Nov 19, 2023  •  5 minute read Join the conversation Article content Skyrocketing sugar prices left Ishaq Abdulraheem with few choices. Increasing the cost of bread would mean declining sales, so the Nigerian baker decided to cut […]