Wednesday , 17 December 2025

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Developed countries hatch plan for $100b climate aid for poor nations

Bloomberg A blueprint for how developed countries will contribute $100 billion a year to poor nations confronting climate change is set to be unveiled on Monday despite objections from the US and other nations that almost derailed the announcement. The plan is seen as critical to the success of the United Nations COP26 climate summit scheduled to begin October 31 …

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Snap warning feeds concerns over social media ad splurge

Bloomberg A warning from Snap Inc is rattling technology investors who have got used to turbocharged growth in ad spending on social media. Executives from the maker of Snapchat said that supply-chain bottlenecks are prompting companies to hold back on online ad spend for the upcoming holiday season, meaning sales will rise by only around 30% in the fourth quarter …

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Intel’s 12% slide erases more than $26b from market value

Bloomberg Intel Corp shares plummeted to their lowest close since December, after the chipmaker reported third-quarter results and detailed a spending plan that it said would pressure profitability over the next few years. The stock falls 12%, its biggest one-day percentage decline since July 2020, marking the sixth straight quarter where Intel’s results were met with a negative reaction. The …

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