BONN: From crop-wilting drought to the creeping devastation of rising seas, climate change is already bringing death, destruction and hefty costs to vulnerable nations, spurring growing calls for richer countries to help them cope in a warming world.

Washington: The US Federal Reserve announced the most aggressive interest rate increase in nearly 30 years, raising the benchmark borrowing rate by 0.75 percentage points on Wednesday as it battles against surging inflation.

London: Bitcoin tumbled Monday to an 18-month low under $25,000 as investors shunned risky assets in the face of a global markets selloff.

Kuwait: The price of Kuwaiti oil went down by USD 3.33 to USD 120.05 per barrel on Monday compared to USD 123.38 pb last Friday, said the Kuwait Petroleum Corporation (KPC) on Tuesday.

Moscow: Russia’s energy giant Gazprom said Tuesday it would be reducing the daily gas deliveries via the Nord Stream pipeline to Germany due to the “repair” of compressor units by German company Siemens.

MADRID: An EU-backed cap on the price of natural gas used by power plants in Spain and Portugal came into effect Tuesday to ease the spiraling electricity prices in the two nations.

BEIJING: Bedeviled by high fuel and fertilizer costs, along with a labor crisis driven by COVID-19 restrictions, China risks a smaller autumn harvest that could supercharge demand for commodities just as the world can afford it least.

COLOMBO: Crisis-hit Sri Lanka is asking civil servants to take an extra day off each week to grow crops in their backyards in a bid to forestall a looming food shortage.

GENEVA: The World Trade Organization’s boss insisted Monday that turning trade green was now urgent business, with the WTO putting climate change at the heart of its negotiations.