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Fossil-fuel pledge in EU-Trump deal sparks climate fears
Fossil-fuel pledge in EU-Trump deal sparks climate fears
Business and Economy
by  AFP

The EU is promising colossal new US fossil fuel purchases under its trade deal with President Donald Trump, raising concerns for the bloc's climate fight -- should the mammoth pledges come true. The Trump trade deal comes as the EU debates its 2040 emissions-reduction target, a key step towards its net zero goal.

LA wildfires push insurance losses to highest since 2011: Munich Re
LA wildfires push insurance losses to highest since 2011: Munich Re
Business and Economy
by  AFP

The Los Angeles wildfires drove insured natural disaster losses in the first half of the year to their highest level since Japan's Fukushima disaster in 2011, German reinsurance giant Munich Re said Tuesday. Insurers took almost $80 billion (69 billion euros) of losses from natural disasters worldwide, Munich Re said, the second-highest hit since 1980.