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Hundreds of new oil and gas projects approved despite climate crisis
Hundreds of new oil and gas projects approved despite climate crisis
Economy
by  AFP

More than 400 oil and gas projects were approved globally in the last two years despite calls to abandon all new hydrocarbon development, new figures showed as the UN COP28 climate talks opened Thursday. All of the 437 new projects since 2022 have received their "final investment decision" -- a key commitment where investors sanction the development and production of a new hydrocarbon field.

US Fed's favored inflation gauge slows in October
US Fed's favored inflation gauge slows in October
Economy
by  AFP

A key inflation measure used by the US Federal Reserve to set interest rates eased further last month amid declining energy and goods prices, according to government data published Thursday. Energy prices fell by 2.6 percent from a month earlier, while goods prices declined by a more modest 0.3 percent.