Over the wall 📶
More to manage: Mubadala has more than doubled the assets under management to 44 billion dirhams since its inception in 2021.
Coal migration: The international move away from coal is expected to result in the loss of 400,000 jobs by 2035.
Chipping in: US is pledging $3 billion toward a United Nations fund to aid developing countries slash greenhouse gas emissions and adapt to climate change.
The group: 200+ senior managers from the world’s biggest financial firms had access to COP28 negotiations.
Slow tech: 0.1% of carbon removal comes from manmade tech as of 2023-2024.
The valuation: CoreWeave in the cloud computing space has a valuation of $7 billion valuation.
Bouncing back: South Korea’s exports accelerated in November 2023 behind a rebound on semiconductor demand.
Government allowance: South Africa’s National Treasury agreed to give a 47 billion-rand support package to Transnet.
Grim outlook: 15 years of economic stagnation have left the normal UK household £8,300 poorer than countries like France and Germany.
Pumping inflation: Turkey’s consumer inflation accelerated to its highest level in 2023 with prices rising to an annual 62% in November 2023.
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