from fossil fuels by 2050. this follows the rejection of the first draft because it did not call for a phasing out of fossil fuels. there were quite a few leaders at this event to a not happy with that at all. so will this latest proposed text lead to agreement? will it get across the line? countries are looking at this text right now, deliberating over every word. let s go live to dubai. our middle east business correspondent sameer hashmi is at the cop for us. we could hear quite soon, good way, on what the leaders think about this latest text?- about this latest text? sally, we don t know about this latest text? sally, we don t know how - about this latest text? sally, we don t know how soon - about this latest text? sally, i we don t know how soon that would be, but, yes, the leaders and negotiators will be going into the room which is scheduled in about half an hour and they will discuss the latest text that has been released. we will have a discussion. there have be
legend for a billion dollars over his promotion of crypto exchange, binance. plus 12 months that changed the world one year on from the launch of chatgpt, how is the boom in artificial intelligence transforming the way we do business? hello if you have just hello if you havejustjoined us, you are very welcome. i am sally bundock. i am sally bundock. we start in dubai, where, as you have been hearing, 167 world leaders and 70,000 delegates from business, charities and faith groups are gathering for the latest round of global climate talks, the conference of the parties or cop28. of the parties, or cop28. eight years ago, in paris, nearly 200 nations pledged to keep global warming well below two degrees centigrade above pre industrial levels, and try to limit it to 1.5 degrees. but a recent un report has confirmed the world is not acting fast enough to achieve the paris goals. there is added controversy, this time around, given the event is hosted by one of the world s to
billion of profit during the july to september period. if the results are in line with what analysts are expecting, that would be a drop of around 25% if not more compared to the same period last year. it is important to note that the oil prices are in a very different place than what they were last year. last year they were about 110 to $120 a barrel because of the russian ukrainian war which led to oil prices touching a record high, and that benefited producers like aramco immensely because they could record profits last year. if you look at the last three months oil prices have been $75 a barrel and have gone up in the last month which may provide some kind of cushion and the other factor is that saudi arabia has also cut down oil production in the last five or six months. for saudi arabia, aramco is the most crucial company because it relies heavily on the income generated by the oil they must to run many other parts of its company behemouth. the results are crucial no
forward peaceful and i want to tell them we are going to engage them, we are going to have a conversation so that together we can build a greater nation. in answer to the public outcry, mps will be debating a revised version of the original bill, which was first read in may. having withdrawn some of the least popular hikes, including a 2.5% yearly tax on vehicles and a 16% vat tax on bread. but for many protesters, this is not enough in the face of the rising cost of living. live to nairobi now and our east africa correspondent merchuma. hello to you. tell us more about this huge shift for the government and what the outlook is now. a, government and what the outlook is now. , ., ., ., is now. a very good morning from nairobi. is now. a very good morning from nairobi. yes, - is now. a very good morning from nairobi. yes, today- is now. a very good morningi from nairobi. yes, today the bill is being debated in parliament, this is a controversial finance bill 2024, and is g
we start in the us where the federal reserve gave financial markets a double boost on wednesday. it says the world s biggest economy will recover much faster than it was predicting a few months ago as vaccines are rolled out and government stimulus cash begins to flow. and it has put to rest for now fears that higher interest rates are around the corner. the fed has promised to keep them close to zero until the recovery is complete. michelle fleury has more. jerome powell was surprisingly forthright. he said he is in no rush to pull support from the economy. with 9.5 million jobs still missing and spending on travel and hospitality still weak, the fed chief said the bank was committed to keeping borrowing rates near zero until the job is done. the job is done. today, interest the job is done. today, interest rates - the job is done. today, interest rates were - the job is done. today, | interest rates were kept the job is done. today, - interest rates were kept near