Spring meetings with the World Bank were held in Washington. |
Exposed to climate change, the Big Island is. The country is therefore pleading for additional funding to respond to climate change. This was announced by Rafaravavitafika Rasata, Minister of Foreign Affairs, who is traveling to Washington for the spring meetings of the World Bank. In his speech, the government member particularly insisted on the position of the Big Island, pleading “for the allocation of additional funding on the one hand and, on the other hand, predictable funding for a fair and equitable response to the climate change,” she says, before continuing: “For us, climate finance should not be accompanied by rigid conditionalities.” Faced with climate change which is hitting the country hard and faced with the derisory means that the country has to deal with it, it is ultimately logical that the Big Island pleads in favor of financing, because, like many country, it is not the cause of pollution or climate change.
Losses
The Minister of Foreign Affairs had even stressed that “Madagascar plans to continue negotiations in order to obtain the facility for resilience and sustainability in the face of climate change”. The Green Diplomacy of the Big Island then maintains its position in relation to green financing. A position that is defended especially when we know that the country is experiencing climate change. To cite only the cyclones which hit the country hard in the space of two months, including the last, Gamane, which caused several victims and whose damage amounted to three hundred and thirty-nine million ariary.
Colossal losses that the country faces almost every year. “These phenomena are becoming more frequent and intense with economic losses becoming more and more significant each year. Sustainable development and the fight against poverty are the pillars of our policy to combat climate change. However, this requires more funds,” maintains, for her part, the Minister of Finance, Rindra Hasimbelo Rabarinirinarison. The country thus joins the V20 group, a group of countries most vulnerable to climate change and global warming. The plea remains the same: facilitate access to climate finance to support countries that need access to it.
Itamara Randriamamonjy
CLIMATE CHANGE – The Big Island pleads for additional funding
FTX investors settle with Bankman-Fried and focus on US stars
#FTX #investors #settle #BankmanFried #focus #stars
Sam Bankman-Fried at his trial at the end of March
NOS Nieuws•vandaag, 05:31
A group of investors and customers of the former crypto exchange FTX have reached a settlement with co-founder Sam Bankman-Fried. In exchange for cooperation in other lawsuits against other parties involved, including a number of big names, the investors drop their claims against Bankman-Fried. The reports the business news agency Bloomberg.
The settlement has been filed in court in Miami, but still needs to be approved. Bankman-Fried was sentenced to one last month prison sentence of 25 years for fraud and conspiracy surrounding FTX. He is appealing against his sentence.
FTX was a platform where users could open a crypto account and trade cryptocurrencies. 32-year-old Bankman-Fried has committed large-scale fraud with customers’ assets. He siphoned off $8 billion, one of the largest financial frauds ever.
Money stories
In addition to the case in which Bankman-Fried was sentenced to 25 years in prison, there are still claims against him in other civil cases. Including from a large group of victims, such as investors and customers. Now they want to drop their claims in order to have American stars and other influencers who promoted FTX convicted. Prosecutors claim that the stars were not transparent enough about their collaboration with FTX. In this way, investors and customers hope to get their money back.
Bankman-Fried is said to have promised to hand over documents proving that stars such as basketball legend Shaquille O’Neal, former American Football player Tom Brady and model Gisele Bündchen have advertised for FTX.
Nieuwsuur recently made the video below about the rise and fall of the crypto fraudster:
From 32 billion to 0 in a few days: that’s how FTX went bankrupt
Related News
FTX investors settle with Bankman-Fried and focus on US stars
Campaigning in the American steel capital, Biden attacks Chinese competition
2024-04-18 04:49:03
Joe Biden announced on Wednesday that he wanted to triple customs duties on steel and aluminum from China, a political choice aimed at the American working class whom he is trying to seduce this week by campaigning in Pennsylvania.
The Democrat accused Beijing of “cheating” in the global steel trade, harming American manufacturers and their employees, a key electorate for the November presidential election which will see him face, barring any surprises, his rival Donald Trump .
“They are xenophobic,” Joe Biden said in a speech from the headquarters of the USW in Pittsburgh, the historic US steel capital.
The Democrat lamented that Chinese steel companies “don’t have to worry about making a profit because the Chinese government subsidizes them heavily.”
“They are not competing, they are cheating. And we have seen the damage here in America,” said the man who claims to be the best ally of American workers.
“I am not looking for a confrontation with China, I want competition, but fair competition,” Joe Biden further clarified, assuring that there would be no “trade war” with Beijing.
Blue-collar campaign
With one voice, unions and employers welcomed these protectionist measures.
The United Steelworkers (USW) thanked him for his “aggressive” action to defend their jobs.
The union announced last month to support the Democrat for the November election, accusing his opponent Donald Trump of “dismantling workers’ rights”, he who nevertheless presents himself as the champion of the revival of the American manufacturing industry.
More than 40% of manufacturing jobs have been lost since 1990 in Pennsylvania, the historic heart of American industry and one of the six key states which could, in November, swing the outcome of the election.
US Steel, the American steel giant, based in this state, said it “applauds” Joe Biden’s announcement, as did the sector’s employers’ organization. The Democrat repeated on Wednesday his opposition to its takeover by the Japanese Nippon Steel.
The day before Tuesday, Joe Biden had called from his hometown of Scranton for a tax increase for the richest, marking the contrast with Donald Trump. The latter was “very busy at the moment”, tackled the Democrat on Wednesday, referring to the trial which is keeping the billionaire busy in New York.
The Democrat is shown campaigning on the ground, three days of media footage focused on Pennsylvania and its white working electorate.
“False accusations”
But, while Donald Trump has long defended an increase in customs duties against China, his campaign team denounced on Wednesday a timely change of heart by the Democrat.
“Joe Biden has spent his entire career betraying American workers,” a spokesperson for the Republican wrote in a statement. The measures announced Wednesday “are too weak and come too late,” added Karoline Leavitt.
The Democrat prides himself on being at the origin, with a huge law to promote green industry, of the doubling of investments for new factories in the United States since his arrival in power in January 2021, and the creation of nearly 80,000 manufacturing jobs.
And to protect them, the current president called on his Trade Representative (USTR) on Wednesday to “consider tripling the current customs duties”, of 7.5% on average, imposed on part of the steel and Chinese aluminum imported into the United States.
The Biden administration also announced an investigation into Chinese measures in “the shipbuilding, shipping and logistics sectors.”
Beijing quickly denounced “false accusations”.
The American investigation “wrongly interprets normal trade and investment activities as being harmful to national security and the interests of American companies,” the Chinese Ministry of Commerce said in a statement. The United States “blames China for its own industrial problems.”
The American announcements come against a backdrop of strong rivalry with China, despite renewed dialogue between the two countries.
Asked whether these announcements would endanger the relationship he is trying to maintain with Chinese President Xi Jinping, Joe Biden replied “No. »
To watch on video
1713416858
#Campaigning #American #steel #capital #Biden #attacks #Chinese #competition
Related posts:
Campaigning in the American steel capital, Biden attacks Chinese competition
Leave a Reply