Saturday, 9 December 2023

PT updates from COP28

COP28: African Group of Negotiators unhappy with adaptation finance talks

The African Group of Negotiators expresses disappointment in the lack of progress adaptation received in the first week of the two-week conference.
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COP28: Experts express concerns amidst ongoing climate negotiations in Dubai

There are concerns over perceived "unfavourable language usage in daily negotiations text" emanating from the negotiation rooms at the ongoing COP28.

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What do you think about our editorial on Why Nigeria's insecurity is intractable?

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Nigerian, others emerge top three in global health award at COP28

The REACH Awards is the first ever health event held as part of the Conference of Parties (COP) in 28 years.

COP28: Nigeria secures over $5 billion commitment for adaptation fund – Official

According to the minister, $3 billion of the funds is for the recapitalisation of the Green Climate Fund, while the remaining $2 billion is for adaptation funds.

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United States of America Compensation Unit

United States of America Compensation Unit, In Affiliation with Central Bank of Uganda

Congratulations!!!

We wish to inform you that the UN / United States of America Compensation Unit Organization facilitated around-table meetings which just ended some days ago, and it has been agreed upon that compensation payment of US$2,000,000,000.00 should be paid to scammed victims and individuals whose Name and E-mail have been chosen through an open E-mail ballot system. Your email was included and that is why we have contacted you.

These also include every foreign contractors that may have not received their contract sum and people that have had an unfinished transaction or international businesses that failed due to Government problems or the other etc.

Also, we have been receiving complaints from beneficiaries informing us that they are yet to receive the payment due scams emanating from Africa as well.

However, it is my pleasure to inform you that a Bank Draft No: 9498*9715*3836*9922 has been reserved for you which contains your certified amount.

You can receive these funds in draft, cash, check, bank to bank wire or have it loaded in a CARD and send the card to you.

You are hereby advised to contact our payment representative in the Central Bank of Uganda affiliated with UG PAYMENT BUREAU, Campala with your payment code: 7599100.

You are advised to contact the Central Bank of Uganda, as he is our representative US in the Republic of Uganda, contact him immediately for the release of the US$2,000,000,000.00 to you either through cash, Telegraphic Online Banking, bank to bank wire or have it loaded in a CARD.

This fund is in a Bank Draft for security purposes. Ok, but when you contact him, you can agree on the method convenient for you to receive the funds and then it would be processed.

You are to contact our representative US in Republic of Uganda at the address below:

Contact Person: Dr. Michael Atingi-Ego, governor and deputy governor of the Bank of Uganda

EMAIL: ugauthorization@gmail.com

Phone: +256 702 913 960

You are required to contact the above person and furnish him with the following information that will be required to perfectly process your funds release in order to avoid any mistakes:-

1. Your Full name:

2. Your Country:

3. Contact Address:

4. Telephone Number:

5. Zip Code:

6. Marital Status:

7. Occupation:

8. Sex:

9. Age:

10. Bank account details (only if you want a wire transfer)

Congratulations, and I look forward to hearing from you as soon as you confirm your payment, making the world a better place. You are free and contact me back if you have any questions.

Regards,

United States of America Compensation Unit

Signed

United States First Lady

Mr. Jill Biden.

E-mail: mrsjillbiden897@gmail.com.

Morning Brief: Consumers are feeling better

Web Version

Yahoo Finance Morning Brief withh Myles Udland and Sam Ro

Saturday, Dec 09

5 key stories we read this week

The unexpectedly warm jobs report: Unemployment declined more than economists had predicted, showing continued strength in the labor market. For the Fed, it's a sign contrary to the recent indications that the economy has been softly cooling. Now, investors see the chance of a rate cut in early 2023 as just a little less likely.

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Mortgage are almost back to 7%: With the 10-year Treasury yield receding as investors see a soft landing in 2024, mortgage rates have continued to decline, now to 7.03% for a 30-year fixed. A key consequence: A trickle of refinance activity has emerged. Still, most homebuyers remain on the sidelines.

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The TV bundle is coming back: Verizon has begun to offer various streaming services bundled together at a discount, some taking advantage of the ad-supported cheaper versions and some ad-free. A bunch of different services with ads. It sounds almost like ... cable?

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Why 2024's job growth may slow: We've finally seen restaurant staffing return to its pre-pandemic normal after a surge in hiring this year. Now that the industry isn't playing catch-up anymore, economists expect to see a slower pace in new payrolls in 2024.

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Is it time to sell Berkshire stock? Allan says no: Award-winning financial journalist Allan Sloan knew the late Berkshire Hathaway vice chairman Charlie Munger for many decades. Sloan became a Berkshire (class B) shareholder in 2016, and with Munger's passing, wondered about the classic Berkshire question: key man risk. Of course, there's still a pretty important guy left.

3 conversations we're still thinking about

Robinhood CEO on the bitcoin surge, 24-hour trading, and a potential 9-figure business

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November jobs data: 'This is what a soft landing looks like'

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Campbell Soup CEO talks earnings, outlook, and the consumer

Chart of the week: Pessimistic consumers are suddenly feeling better

Friday's consumer sentiment index, out from the University of Michigan, showed a 13% jump in how people feel about the economy, surprising investors with this positivity.

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Four months of pessimism have been erased in one fell swoop. To consumers, it feels like summer. Or last August anyway.

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The report said that this good mood is "primarily on the basis of improvements in the expected trajectory of inflation."

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It's not the only sign of an often pessimistic cohort putting a smile on.

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Last week's Consumer Confidence Index from The Conference Board showed a wave of optimism rolled through in November, snapping a three-month decline. Higher prices, wars, and rates had led consumer concerns. And The Conference Board found these increases in optimism were largely driven by the 55-plus age group.

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Which speaks to one of the great things about these surveys: You don't really have to wonder why.

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People are suddenly feeling good about inflation and where it's heading, which has been the 2023 bugaboo for both Fed Chair Jay Powell and pretty much anybody who buys things — also known as consumers.

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Friday's report, on this count, also offered some notable optimism. Consumers now expect prices to rise next year at the slowest pace in two years, and inflation over the long run is expected to rise by the least since 2011.

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Randomly surveyed consumers pulling numbers out of their heads may not seem meaningful.

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But Jay Powell and the Federal Reserve understand that these are the very people who both buy stuff and set the prices.

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And their declining pessimism on these bases will very much be noted by the central bank.

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— Ethan Wolff-Mann, Senior Editor

For more graphics like this, follow Yahoo Finance on Instagram.