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News Highlights| U.N. chief urges G20 nations to work together on climate

Business & Political News Highlights: U.N. Secretary General Antonio Guterres on Monday heaped pressure on G20 nations to work together to slow global warming, saying their action, or inaction, would dictate the fate of the planet.

November 14, 2022 / 22:37 IST
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Follow Moneycontrol's Live News Blog to track the big headlines and top national and international stories of the day as well as G20 latest updates.

November 14, 2022 / 22:37 IST

The live blog session has concluded. For more news, views and updates, stay tuned with Moneycontrol.com.

November 14, 2022 / 22:36 IST

COP27: India resists calls to raise ambitions, says rich nations must take lead

India on Monday firmly resisted calls for developing countries to raise ambitions at the ongoing UN climate summit in Egypt, saying "goalposts are being shifted constantly" while rich nations have "enormously" failed in delivering the technology and financial resources needed for low-carbon development.

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November 14, 2022 / 22:27 IST

Biden warns China on North Korea, clashes with Xi over Taiwan in Bali meeting

Biden said he sought to assure Xi that U.S. policy on Taiwan has not changed, seeking to lower tensions over the self-ruled island. "I do not think there's any imminent attempt on the part of China to invade Taiwan," he told reporters.

November 14, 2022 / 22:12 IST

G20 members imposed export restrictions at increased pace: WTO report

Ahead of the G-20 summit in Indonesia, a WTO report on Monday said that the G20 countries introduced export restrictions at an increased pace during mid-May and mid-October 2022 in the back of global economic uncertainties.

November 14, 2022 / 22:02 IST

Delhi's air quality improves to 'poor', max temp settles at 31.2 deg C

Delhi's air quality on Monday improved to the poor category while the maximum temperature was recorded at 31.2 degrees Celsius, three notches above the season's average. The capital's 24-hour average Air Quality Index (AQI) stood at 294. It was 303 on Sunday, as was on Saturday.

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November 14, 2022 / 21:50 IST

Authorities say that the suspect in the University of Virginia

shootinghas been taken into custody.

University of Virginia president says 3 killed in campus shooting were members of football team

November 14, 2022 / 21:35 IST

Amazon is said to plan to lay off thousands of employees

The job cuts of approximately 10,000, which would start as soon as this week, would focus on the company’s devices organization, retail division and human resources, NYT reported.

November 14, 2022 / 21:16 IST

G20 Updates

-Biden and Xi to meet at 0930 GMT.It is their first in person meeting since Biden became president.

-British Prime Minister Rishi Sunak will call on G20 for coordinated action to address international economic instability and the rising cost of living in the wake of Russia's invasion of Ukraine

-Australia Prime Minister Anthony Albanese said he would hold a bilateral meeting with Xi on Tuesday, in what would be the first meeting between leaders of the two nations after years of strained ties.

-Ukrainian President Volodymyr Zelenskiy has said he will address the G20 gathering by videolink on Tuesday.

-Indonesia's President Joko Widodo, the host of the summit, told Biden he expected the G20 meeting to deliver concrete partnerships that might help global economic recovery.

-Billionaire Elon Musk addressed a business forum being held on the sidelines of the summit on Monday

November 14, 2022 / 21:04 IST

China backs Glasgow language on warming targets for COP27 deal

China climate envoy Xie Zhenhua said on Monday that Beijing would like a COP27 deal that contains language similar to last year's agreement in Glasgow on targets for limiting global warming, and was not opposed to mentioning 1.5 degree Celsius.

November 14, 2022 / 20:54 IST

Air India joins industry bodies FIA, AAPA

Tata group-owned Air India on Monday said it has joined two industry bodies, Federation of Indian Airlines (FIA) and Association of Asia Pacific Airlines (AAPA). FIA is a grouping of domestic airlines while AAPA is a trade association for scheduled international airlines.

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