The Federal Reserve left the benchmark overnight interest rate unchanged at its Oct. 31-Nov. 1 policy meeting, the first time since March 2022 that the U.S. central bank held back-to-back meetings without a rate hike.
COP28: Dalio Says Climate Projects Must Be Profitable
Bridgewater Associates founder Ray Dalio says climate change is an expensive problem and green projects have to be profitable in order to attract the investment needed to tackle it. “We are living in a world that doesn’t have enough money,” he said at the Bloomberg Green event in Dubai.
Bitcoin Surges Past $42,000, Token Up 150% This Year
Bitcoin topped $42,000 as frenzied speculation in cryptocurrencies gathers pace, extending the largest digital token’s rally to more than 150% this year. Investors are hopeful a spot Bitcoin ETF approval is coming soon. Bloomberg's Isabelle Lee reports.
World Bank Sees Private Sector Crucial to Climate Fight
World Bank President Ajay Banga discusses committing to 45% of annual financing going to climate by 2025 and the importance of private sector investment in climate change initiatives. He speaks with Jennifer Zabasajja on the sidelines of the COP28 summit in Dubai.