Hi there. Thank you for being with us. We begin with some Breaking News from the brazilian city of belem, where leaders of eight South American countries which share the amazon have been meeting fora landmark summit. At the end of the talks they issued a joint declaration saying they have now established a new alliance aimed at preventing the amazon from reaching a point of no return. But leaders appear to have stopped short of pledging an end to deforestation by 2030, as brazils president lula, who is hosting the event, had hoped. Our South America Correspondent Katy Watson reports from para, which is the state with the highest Deforestation Rate in the country. Virgin forest still exists here in the amazon, but every day the illegal loggers get closer. From up high, you can see the damage done, the large patches of land totally cleared. This part of brazil has the highest rate of deforestation in the country. Underjair bolsonaro, Illegal Logging soared. President Lula Da Silva has pr
Hi there, thank you for being with us. We begin with some Breaking News from the brazilian city of belem, where leaders of eight South American countries which share the amazon have been meeting for a landmark summit. The leaders have issued a joint declaration, saying they have established a new alliance, aimed at preventing the amazon from reaching a point of no return. But leaders appear to have stopped short of pledging an end to deforestation by 2030, as brazils president lula, who is hosting the event, had hoped. Our South America Correspondent Katy Watson reports from para, which is the state with the highest Deforestation Rate in the country. Virgin forest still exists here in the amazon, but every day the illegal loggers get closer. From up high, you can see the damage done, the large patches of land totally cleared. This part of brazil has the highest rate of deforestation in the country. Underjair bolsonaro, Illegal Logging soared. President Lula Da Silva has promised to fix
Wall street was being red on tuesday, bank stocks leading the way. Shares in Goldman Sachs fell 2 . The catalyst was moodys downgrading the Credit Rating on several small and me us banks, including mmt and pinnacle financial. The red flag is raised by the Ratings Agency including a potential recession as well as problem so to the commercial real estate set up. As one analyst put it, any doubts about regional banking is bad for market sentiment. That wasnt helped by data from new york federal reserve, which showed that for the first time americans owed more than 1 trillion on their credit cards. Traders have also been focused on corporate results, which so far have been better than expected. That was true for lyft was reported results after the us market close, ebbo s small arrival is forecasting higher revenue in the Third Quarter based in part on a post pandemic rebound in road sharing. Rivi and posted a narrower loss than expected and raised its Production Guidance for the full year.
2 , the catalyst was moodys downgrading the Credit Rating on several small and medium sized us banks, Including Mmt and pinnacle financial. The red flags raised the Ratings Agency included a potential recession, as well as problem side to the commercial real estate sector. As one analyst put it, any doubts about regional banking is bad for market sentiment. That wasnt helped by data from new york federal reserve, which showed for the first time americans owed more than 1 trillion on their credit cards. Traders have also been focused on corporate results, which so far have been better than expected. That was true for lyft, which reported results after the us market close, ebbo s small arrival is focusing higher revenue in the Third Quarter based in part by a Postman Damik rebound in ray jones. Meanwhile, an electric vehicle maker posted a narrower loss than expected and raised its Production Guidance for the full year. Elsewhere on wall street this morning, nine companies, including ban
The amazon from reaching a point of no return. The lengthy roadmap outlined in the city of belaine promotes sustainable development, an end to deforestation, and fighting the organised crime that fuels it. Lets take a look at whats at stake the amazon stretches nearly Seven Million Square Kilometres or nearly Three Million square miles. About two thirds of that is in brazil. Another seven countries, and one territory share the remaining third. Under brazils former president , jair bolsonaro, years of deforestation in the amazon worsened. The orange on this map shows the areas of deforestation between 2019 and 2022 in the state of para, where the summit is being held. But new data shows a positive shift. Deforestation in the amazon fell by 66 last month compared to the year before. Its now at its lowest rate in six years. Our correspondent katy watson is at the summit in the amazon and has more. We have had day one of the summit and already the countries participating have issued a Stat