ST ANDREWS, Scotland (Reuters) - British finance minister Alistair Darling urged his G20 counterparts on Saturday to work toward a $100 billion deal to tackle climate change but developing nations insisted they did not want to talk about it. Britain is hosting the third meeting of Group of 20 finance ministers and central bankers this year in St Andrews, Scotland, and is determined to push forward on an ambitious target to meet the costs of climate change by 2020, ahead of a major environmental summit in Copenhagen next month. "It really is imperative that when we reach the end of the day that we ...
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ST ANDREWS, Scotland (Reuters) - British finance minister Alistair Darling urged his G20 counterparts on Saturday to work toward a $100 billion deal on tackling climate change as developing nations held firm they did not want to talk about it. Darling is hosting the third meeting of Group of 20 finance ministers and central bankers this year in St Andrews, Scotland, to discuss the progress of the global economy and come up with a framework to ensure future crises did not happen. Britain is also determined to push forward on an ambitious target to meet the costs of climate change by 2020 ahead of ...
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FORT LAUDERDALE, Florida (Reuters) - A British-born Florida yacht broker and former client of Swiss bank UBS AG received a reduced, two-month prison sentence for tax fraud on Friday because he cooperated with a U.S. investigation into the bank. It was the third case in two weeks in which a former client of UBS was treated with relative leniency because he had aided a federal investigation of the Swiss bank and its ties with wealthy Americans, who evaded taxes by hiding money in secret, offshore accounts. Robert Moran, a slim, balding 58-year-old U.S. citizen born in Leicester, England, appeared shaken when U.S. District Judge ...
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BEIJING (Reuters) - China is weighing the prospect of reaching only a framework agreement at U.N. climate talks this December, but would want guarantees that principles laid out in previous deals would be retained, a top diplomat said on Friday. Vice Foreign Minister He Yafei said that there are serious challenges for the negotiations, which will be held in Copenhagen next month and were originally supposed to set out a new global framework to tackle global warming from 2013. In the face of massive disagreements between key players, including the United States and China, there has been a growing sense that ambitions might need ...
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WASHINGTON (Reuters) - The U.S. jobless rate unexpectedly jumped to a 26-1/2-year high of 10.2 percent last month, adding to pressure on the Obama administration to do more to tackle unemployment even as signs of recovery mount. The Labor Department said Friday that employers cut 190,000 jobs in October, more than the 175,000 markets had expected but fewer than the 219,000 lost in September. Taking some of the sting out of the report, job losses for August and September were revised to show 91,000 fewer jobs were lost than previously reported. While that hinted at some improvement, economists had looked for the jobless rate ...
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