๐ŸŒŽ World

Our daily trip around the world

Wednesday, Nov 16, 2022

๐Ÿ‡ต๐Ÿ‡ฑ A missile struck a Polish town three miles from the Ukrainian border yesterday, killing two people. The strike was confirmed by senior officials from Poland and Hungary, two members of the NATO military alliance (a group including the US and most Western nations). It wasnโ€™t immediately clear whether the missile was Russian, though it came on the same day Moscow launched 80+ missiles across Ukraine โ€“ one of the largest single-day strikes since the war started in February. As of early this morning, preliminary reports suggest the explosion may have been linked to Ukrainian defenses attempting to knock down incoming Russian missiles.

๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia will receive $20 billion from international lenders and major nations to help reduce its coal dependency. The agreement, reached at the ongoing G20 Summit in Bali, is the largest single climate finance transaction ever, US officials said. Half of the funding will come from Japan and several Western governments โ€“ including the US โ€“ while the other half will come from private investors like Bank of America and Citibank. As part of the deal, Indonesia agreed to generate 34% of its electricity from renewable sources by 2030, up from 11% currently, and pledged to reach net-zero emissions by 2050.

๐Ÿ‡ฌ๐Ÿ‡ง London is no longer Europeโ€™s largest stock market for the first time since records began in 2003. The combined market cap of companies listed on the Paris stock exchange officially overtook that of London this week, per an index compiled by Bloomberg. The gap between the two markets has been narrowing ever since the UKโ€™s Brexit vote in 2016, and closed completely when shares of French luxury brands surged in recent days after China started easing Covid restrictions.

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