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Nations call for swift fossil fuel exit to tackle climate change
Nations call for swift fossil fuel exit to tackle climate change
by  AFP

The world needs an "urgent" exit from fossil fuels as part of efforts to slash planet-heating emissions and rein in global warming, a coalition of countries including EU economies and climate-vulnerable nations said Friday. That has prompted some countries to call for a decision at COP28 to entirely phase out planet-warming fossil fuels from the global energy mix.

UN rights council calls for AI transparency
UN rights council calls for AI transparency
by  AFP

The UN Human Rights Council on Friday called for transparency on the risks of artificial intelligence and for the data harvested by AI to be used responsibly. It also calls for the use of data in AI systems to be in line with international human rights law.

US banks caution on economy as Fed rate hikes boost earnings
US banks caution on economy as Fed rate hikes boost earnings
by  AFP

Results of large US banks released Friday underscored the boon from higher interest rates, as executives described the world's biggest economy as "resilient" but facing risks. Net interest income (NII), which accounts for the gap between revenues for higher interest rate charges on clients minus the hit from higher interest payments to depositors, jumped 44 percent to $21.9 billion.

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