A final draft deal released Sunday at the UN COP29 summit proposes that developed nations commit at least $300 billion per year by 2035 to help poorer countries confront climate change. A number of developing countries have already responded that they need far more to help them shift away from fossil fuels and adapt to a warming planet.
COP29 final draft proposes ‘at least’ $300 billion for developing countries
China increases gold purchases to reduce reliance on US dollar assets
China’s central bank increased its gold reserves by 23 tonnes in September, the largest monthly acquisition since October 2023, bringing total holdings to approximately 2,410
Zimbabwe’s ZiG seeks to gain trust and reduce reliance on the US dollar
Zimbabwe’s government is actively promoting the ZiG currency to reduce reliance on the US dollar, despite widespread scepticism stemming from past currency crises. The Reserve