Author: The Editorial Team

LONDON (Capital Markets in Africa) – The U.K. government is asking world leaders to pledge to halt deforestation by 2030. But Brazil — home to the Amazon rainforest — has yet to sign, raising questions about how effective it can be. The European Union, Indonesia and Democratic Republic of Congo are among those who have already agreed to support the Glasgow Leaders’ Declaration on Forests and Land Use, according to people familiar with the matter….

LONDON (Capital Markets in Africa) – U.K. Chancellor of the Exchequer Rishi Sunak said he was alive to the danger accelerating inflation poses to the cost of servicing the national debt, hinting at fiscal restraint when he unveils his budget and spending review on Wednesday.“The risk of inflation and interest rates is one that we can see already today, and there might be other things that we don’t know about,” Sunak told Times Radio, one…

LONDON (Capital Markets in Africa) – We’re all going to a dear green place for the sake of averting climate change. The place is Glasgow, host city for the fast-approaching Conference of the Parties 26. The parties are the countries that have signed the United Nations Framework Convention on Climate Change, which came into force in 1994. This will be the 26th UN climate change conference. And I can promise that it will be both…

NEW YORK (Capital Markets in Africa) – Tesla Inc. reported third-quarter revenue that fell short of Wall Street estimates but managed to beat profit projections, overcoming a semiconductor shortage and supply-chain challenges that have stymied competing automakers. The results mark the ninth straight quarter of profit for the 18-year-old electric carmaker and came despite obstacles that included backups at ports and even rolling blackouts in China that made it tough to keep factories operating at…