China hails positive ICJ ruling on climate reparations
"The advisory opinion reflects the long-term positions and propositions of the vast majority of developing countries, including China, and has positive significance for maintaining and promoting international climate cooperation," said foreign ministry spokesman Guo Jiakun.
AFP
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
LBCI
38 minutes ago
- LBCI
Trump says to raise tariff on India over Russia oil purchases
President Donald Trump threatened Monday to "substantially" hike U.S. tariffs on Indian goods over its purchases of Russian oil, days before his steeper levies on dozens of economies are expected to take effect. "They don't care how many people in Ukraine are being killed by the Russian War Machine," Trump said in a post to his Truth Social platform. "Because of this, I will be substantially raising the Tariff paid by India to the USA." AFP
LBCI
4 hours ago
- LBCI
Israel PM says to instruct army on Gaza war plan this week
Israeli Prime Minister Benjamin Netanyahu on Monday said he would convene a cabinet meeting later in the week to decide on how to proceed in the war in Gaza. "Later this week, I will convene the cabinet to instruct the [army] on how to achieve the three war objectives we have set," he said, at the opening of a government meeting. He reiterated that Israel's three war goals remain "the defeat of the enemy, the release of our hostages and the promise that Gaza will no longer pose a threat to Israel". AFP
Ya Libnan
12 hours ago
- Ya Libnan
Iran to remove 4 zeros from plunging Rial , its national currency
New Iranian bank notes of one million, 500,000, and 100,000 rials AFP-Yonhap . The most recent street exchange rate was 920, 000 rials for a US dollar. Prior to the Iranian revolution the rial was trading at about 70 rials to a US dollar TEHRAN- The economic commission of Iran's parliament revived long-delayed plans Sunday to cut four zeros from the country's plunging currency, as part of efforts to simplify financial transactions. 'Today's meeting of the economic commission approved the name 'rial' as the national currency, as well as the removal of four zeros,' said the parliament's website ICANA, quoting Shamseddin Hosseini, the commission's chairman. Under the proposed system, one rial would be equivalent to 10,000 at the current value and subdivided into 100 gherans, according to ICANA. The proposed redenomination was first mooted in 2019 but then shelved. The current bill will have to pass a parliamentary vote and gain the approval of the Guardian Council, a body empowered to vet legislation. It was not immediately clear when the parliamentary vote would take place. In May, Iran's Central Bank Gov. Mohammad Reza Farzin said he would pursue the plan, noting that the Iranian rial 'does not have a favourable image' in the global economy. The move comes as Iran faces deepening economic challenges, including runaway inflation, a sharply devalued currency, and the prolonged impact of international sanctions. As of Sunday, the rial was trading at around 920,000 to the US dollar on the street market, according to local media and the Bonbast website that monitors unofficial exchange rates. In practice, Iranians have long abandoned the rial in everyday transactions, using the toman instead. One toman equals 10 rials. Iran's economy has long been under severe strain due to sweeping US sanctions since Washington's 2018 withdrawal from a landmark nuclear deal during US President Donald Trump's first term in office. Upon returning to office in January, Trump revived his 'maximum pressure' sanctions campaign on Tehran. In June, Iranian lawmakers approved new economy minister Ali Madanizadeh after his predecessor, Abdolnaser Hemmati, was ousted in a no-confidence vote for failing to address the country's economic woes. The same month Israel launched an unprecedented attack on Iran's nuclear and military infrastructure, beginning a deadly 12-day war. Korea Herald / AFP
