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tv   BBC News  BBC News  December 13, 2023 5:00am-5:31am GMT

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hello. i'm sally bundock. a very warm welcome to the programme. some breaking news to start: a new draft agreement at the un's climate summit, cop28 in dubai, has been released after another night of negotiations by delegates. the text now calls for a "transitioning away" from fossil fuels, but it does not use the phrase "phase—out". an earlier proposal had been widely dismissed as not providing enough urgency. let's look at the key wording of that fossil fuels line. it's calling on nations to take actions, including
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the question is, is this enough to get everyone on board in dubai? live now to our correspondent in dubai, carl nasman. it has been a long night, hasn't it? tell us the latest. it has been a long night for many, including journalists, but specifically delegates poring over this text, trying to come up with a new version that they think that all the parties here, some 200 nations could agree upon. this is that document, and this was supposed to be released yesterday afternoon, it finally came out around seven o'clock in the morning here in dubai, it is still 21 pages long so there are still people going over this line by line, word by word to see what is in it and to see if some of that language is stronger than in the last version. joining me now for some analysis on this, a bbc climate reporter. you have been
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looking over this text, bought over the last document and you have been taking a look at some of the differences. what are you seeing now in this updated version? it you seeing now in this updated version? , ., ., version? it is a long text, takes a — version? it is a long text, takes a long _ version? it is a long text, takes a long time - version? it is a long text, takes a long time to - version? it is a long text, takes a long time to go . takes a long time to go through. we are looking for a very— through. we are looking for a very small changes in verbs, but what _ very small changes in verbs, but what we are seeing around the fossil— but what we are seeing around the fossil fuel language, there are some _ the fossil fuel language, there are some changes. previously the was — are some changes. previously the was saying it calls on countries that it could take some — countries that it could take some of— countries that it could take some of the following options and gives a list of things it can— and gives a list of things it can do— and gives a list of things it can do to _ and gives a list of things it can do to reduce emissions. this— can do to reduce emissions. this time _ can do to reduce emissions. this time it is calling on countries to contribute to these _ countries to contribute to these different options. we can't — these different options. we can't really say if that is stronger, we get reaction from differeht— stronger, we get reaction from different countries at the moment. there is a change in language _ moment. there is a change in language around fossil fuels and what we will do with them. previously— and what we will do with them. previously said we will reduce our production and consumption and how— our production and consumption and how i— our production and consumption and now i said we will transition away. the key thing i have — transition away. the key thing i have noticed is it mentions transition _ i have noticed is it mentions transition away from fossil fuels — transition away from fossil fuels and energy systems, not 'ust fuels and energy systems, not just fossil fuels completely, and just fossil fuels completely, ahd of— just fossil fuels completely, and of course fossil fuels are not and of course fossil fuels are hotiust_ and of course fossil fuels are not just burnt and of course fossil fuels are notjust burnt for
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and of course fossil fuels are not just burnt for electricity, they— not just burnt for electricity, they are _ not just burnt for electricity, they are also used in various other— they are also used in various other elements of our economy including — other elements of our economy including fertilisers and building materials. a including fertilisers and building materials. a lot of this comes _ building materials. a lot of this comes down _ building materials. a lot of this comes down to - building materials. a lot of this comes down to just i building materials. a lot of- this comes down to just maybe one word, one verb in that eczema can mean hours of negotiations. we are just getting a look at this text. it has been out there for a little over an hour now. have you heard any reaction from people that really matter, and that will be the representatives of the countries that will vote on this text?— this text? we are 'ust outside the meeting h this text? we are just outside the meeting rooms _ this text? we are just outside the meeting rooms here - this text? we are just outside the meeting rooms here and. this text? we are just outside the meeting rooms here and i dumped — the meeting rooms here and i dumped into a delicate earlier that said _ dumped into a delicate earlier that said they still need more time — that said they still need more time the _ that said they still need more time. the japanese delegation i gathered around and we have had a couple — gathered around and we have had a couple of reactions come in in the — a couple of reactions come in in the last— a couple of reactions come in in the last five minutes. norway— in the last five minutes. norway was first off the block, we have — norway was first off the block, we have the minutes of the climate _ we have the minutes of the climate and environment saying it is the — climate and environment saying it is the first time the world unite — it is the first time the world unite around such a clear text on the — unite around such a clear text on the need to transition away from fossil fuels. it has been the elephant in the room and at last we — the elephant in the room and at last we address it head—on, very— last we address it head—on, very a — last we address it head—on, very a slightly more balanced perspective maybe as director
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of climate change departed for iraqi _ of climate change departed for iraqi said — of climate change departed for iraqi said the text represents some — iraqi said the text represents some progress and that the cop28 — some progress and that the cop28 presidency took into consideration feedback from trad — consideration feedback from iraq. keeping their cards a little — iraq. keeping their cards a little closer to their chest there _ little closer to their chest there i— little closer to their chest there i think.— little closer to their chest there i think. . ., , there i think. what comes next now? there i think. what comes next new? this _ there i think. what comes next new? this is — there i think. what comes next now? this is the _ there i think. what comes next now? this is the second - now? this is the second version. what we see happen in terms of the process? we are already in overtime, this is an extra day now.— extra day now. countries will have a couple _ extra day now. countries will have a couple more - extra day now. countries will have a couple more hours i extra day now. countries will have a couple more hours to | extra day now. countries will. have a couple more hours to go over— have a couple more hours to go over the — have a couple more hours to go over the text and decide their position _ over the text and decide their position. not only do they have to decide — position. not only do they have to decide their position, one country— to decide their position, one country at a time but they are also _ country at a time but they are also in — country at a time but they are also in groups need to get together and decide that. they will go — together and decide that. they will go into planning where everything will country will -et everything will country will get together and the president of cop28 will try and go through the text and see if they— through the text and see if they all— through the text and see if they all agree on it. it seems to us— they all agree on it. it seems to us we _ they all agree on it. it seems to us we are hearing on the ground _ to us we are hearing on the ground they are hoping this is the last— ground they are hoping this is the last time countries get together so we could potentially get an agreement sometime later today but of course — sometime later today but of course as i said we only have a couple — course as i said we only have a couple of — course as i said we only have a couple of reactions so far so we really _ couple of reactions so far so we really have to wait to see if we — we really have to wait to see if we will _ we really have to wait to see if we will hear anymore. bbc
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climate reporter, _ if we will hear anymore. bbc climate reporter, thank you for your insights there. we have heard that this gathering of the nations could happen at ten o'clock local time. these things do of course get, tend to be pushed back but that could be the opportunity for many of these nations are now publicly stayed where they stand on this new text. thank ou so stand on this new text. thank you so much- _ stand on this new text. thank you so much. let's _ stand on this new text. thank you so much. let's unpack. stand on this new text. thankl you so much. let's unpack this further. as carl outlined there and as we were seeing from our reporter, the countries are now gathered and they are in their negotiating teams to decide whether to get board with this latest text. live now to peter gleick who's a climate and water scientist and co—founder of the pacific institute. peter, a warm welcome to bbc news. what are your thoughts? do you think they will get this across the line? will everyone get on board with this new text? ~ ~' ., get on board with this new text? ~ ,, ., , text? we never know. they alwa s text? we never know. they always go _ text? we never know. they always go over _ text? we never know. they always go over time - text? we never know. they always go over time and . text? we never know. they always go over time and it. text? we never know. they| always go over time and it is going overtime again. one of
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the downsides of the entire process is that every one country has the ability to torpedo a final agreement if they don't agree with the language. getting all the countries to agree is going to be critical. as your report as mentioned, the language today is much better than the language yesterday, which had no mention at all about transitioning away from fossil fuels or phasing down fossil fuels, and that produced a huge amount of anger among a wide variety of countries. it was a feeling, a gift to the fossil fuel companies and the major fossil your countries, and that is why i think we are seeing a big improvement in the language today. do big improvement in the language toda . ,, ., today. do you think that it has actually been _ today. do you think that it has actually been a _ today. do you think that it has actually been a positive - today. do you think that it has actually been a positive way i actually been a positive way negative that there has been such a critical mass, as it were, of fossil fuel countries and major energy companies at this event? it and major energy companies at this event?— this event? it is absolutely alwa s this event? it is absolutely always a — this event? it is absolutely always a negative - this event? it is absolutely always a negative that - this event? it is absolutely always a negative that the | always a negative that the companies in the fossil fuel
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producers have so much power at these international negotiations on an issue that is both so important to the globe, and yet also important to their own prophets, and so their ability to change language, to water down and which has been a problem for every one of the cops going back 28 years now. we are seeing a shift away from the power of those fossil fuel interests, partly because of the realisation that the global climate crisis is so severe and getting worse. that is why the language now says we are going to transition away from fossil fuels is a big improvement, the first—ever mention of that. we would have liked to have seen some of us phasing out fossil fuels as the language it, but that may have just been a bridge too far. in that may have 'ust been a bridge too far._ that may have 'ust been a bridge too far. in terms of those countries _ bridge too far. in terms of those countries who - bridge too far. in terms of those countries who are l bridge too far. in terms of - those countries who are saying part of the issue for us you are telling us to transition away from fossil fuels, that is away from fossil fuels, that is a huge income source for us, we just can't afford to do this stop that is part of the
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negotiation process for countries, the smaller developing nations who rely on the black gold and the money it brings in. {iii the black gold and the money it brines in. .., , the black gold and the money it brinesin. , , brings in. of course it is the bi aer brings in. of course it is the bigger and _ brings in. of course it is the bigger and richer _ brings in. of course it is the bigger and richer countries l bigger and richer countries that really rely on fossil fuels but there are provisions for trying to help all the developing countries with the economic challenges of getting off fossil fuels, but in building the renewable energy, the noncarbon energy that is going to be rid wired to replace them. another key bit of language in this draft agreement calls on tripling renewable energy capacity by 2030 and doubling energy efficiency by 2030 stop those are enormous steps forward, critical steps to getting off fossil fuels and that is i think another positive in the language. ultimately, it will require individual countries to act. a global agreement isn't enough. it will depend on what each country does.— enough. it will depend on what each country does. peter, thank ou. each country does. peter, thank yom good _ each country does. peter, thank yom good to — each country does. peter, thank you. good to get _ each country does. peter, thank you. good to get your _ each country does. peter, thank you. good to get your take - each country does. peter, thank you. good to get your take on . you. good to get your take on that. the clock is ticking. we
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expect news probably in the next hour as to whether people are on board or not. we will unpack this further. what does the business community think about this? that is in 20 minutes in this programme and we will be back to cop28 for more. in new york, the united nations general assembly has voted overwhelmingly for an immediate humanitarian ceasefire in gaza. applause the palestinian envoy to the un called the vote an "historic" moment. israel said a ceasefire would only benefit hamas to the detriment of gazans. though it's non—binding, analysts say it acts as a powerful measure of international opinion. 23 countries including the uk abstained. israel and the united states are two ofjust ten countries that voted against the ceasefire. president biden earlier said that israel was losing international support because of what he called its indiscriminate bombing of gaza.
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live now to dan arbell from the center for israeli studies at the american university. dan is former senior israeli diplomat and represented the israeli government at the united nations 45th general assembly. thank you for being on the programme. let me get your reaction then to the outcome of this void. in reaction then to the outcome of this void. , ., ., this void. in terms of a declaration, _ this void. in terms of a declaration, it - this void. in terms of a declaration, it is - this void. in terms of a - declaration, it is important because you have more than 150 countries declaring that they are calling for a ceasefire immediately. operationally it does not impact the situation on the ground. israel's intention is to continue the fighting until it achieves its goals. declaratory importance but not really of operational importance at this point. bud importance at this point. and we understand _ importance at this point. and we understand that _ importance at this point. and we understand that prime minister netanyahu has made it very clear that he will continue with the military operations that are well under
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way and becoming more intense by the day, but what about president biden's pressure on benjamin netanyahu to change tack? talk us through the influence of resident biden in this. , �* ., , ., , this. resident biden has a very important _ this. resident biden has a very important role _ this. resident biden has a very important role and _ this. resident biden has a very important role and of - this. resident biden has a very important role and of course i this. resident biden has a very| important role and of course he has been out in strong support for israel since the beginning, and it seems that his patience is running out, but he is allowing israel to continue with the fight for now. he did indicate earlier today that time is running out and that international committees are losing their patience and support for israel is waning. but, again, he is giving israel at least a few more weeks i believe while israel believes it needs a few more months. as time goes by, the us role and us pressure will increase, and that will put israeli
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leadership in a situation where it will have two take some important steps, whether to continue the fight or slow down the fight. continue the fight or slow down the fi . ht. ., continue the fight or slow down the fieht. ., ,._ continue the fight or slow down the fieht. ., n, ., continue the fight or slow down the fieht. ., ,., ., ,, the fight. you say that the us is perhaps — the fight. you say that the us is perhaps giving _ the fight. you say that the us is perhaps giving israel- the fight. you say that the us is perhaps giving israel a - the fight. you say that the us is perhaps giving israel a few| is perhaps giving israel a few more weeks, israel wants more, months for the people of gaza, just another 2a hours in the circumstances they are in for many arguing it is catastrophic, words such as apocalypse are being used, public disorder. it really is a situation that is unbearable. it is a tragedy and there is international assistance coming in, humanitarian assistance, but it is not enough. hamas is holding 135 israeli hostages and if it lets go of these sausages israel will stop the fighting. there needs to be a situation where hamas needs to indicate its intention to
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release israeli hostages. israel continues to fight because it is... believes it is putting pressure on hamas that they need them to agree to a ceasefire and release hostages. without the release of hostages, israel will not agree to a ceasefire, and that is... the tragedy is that hamas has to also make some important decisions, which it is not making or it is taking its time in making those decisions. thank you forjoining us from the centre for israeli studies at the american university. rishi sunak has won a crucial vote in parliament on his rwanda plan despite right—wing conservative rebels refusing to back it. the legislation seeks to revive the scheme to send some asylum seekers to africa, which was ruled unlawful by the uk supreme court. mps approved it by 313 votes to 269, a comfortable government majority of 1m.
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our political correspondent ione wells has this report. a moment of quiet. ministers waiting with baited breath. 313, to the left, 269. cheering and applause. _ 313, to the left, 269. cheering and applause. in _ 313, to the left, 269. cheering and applause. in the - 313, to the left, 269. cheering and applause. in the end, - 313, to the left, 269. cheering . and applause. in the end, when for the government. the prime minister humiliation for now but the battle over this bill is far from over.— is far from over. like any iece is far from over. like any piece of _ is far from over. like any piece of legislation, - is far from over. like any piece of legislation, as l is far from over. like any piece of legislation, as it| piece of legislation, as it goes through its final stages, there will be discussions to see if there are ways to tighten up the language, improving the drafting to make sure there are absolutely no loopholes and those conversations will have to be open and in a respectful way. warren groups had made it clear they would try to change the bill. that will likely mean more votes in the new year,
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more votes in the new year, more opportunities for possible government defeats, if these mps do not get what they want. five different tory factions on the right of the party said that support was conditional on changes being accepted. iterate that support was conditional on changes being accepted. we had a meetin: changes being accepted. we had a meeting earlier _ changes being accepted. we had a meeting earlier this _ changes being accepted. we had a meeting earlier this evening. l a meeting earlier this evening. we agreed that the prime minister had promised to tighten up the bill. we would take him at his word. so we did not vote against tonight. we abstained. but on the very clear understanding that we will then table amendments to strengthen the bill injanuary. the risk for rishi sunak is there are another group of tory and peter think it is already too tough. some of their votes might be lost if it gets much tougher. fist might be lost if it gets much tou:her. �* ., ._ tougher. at the end of the day, the government _ tougher. at the end of the day, the government got _ tougher. at the end of the day, the government got a - tougher. at the end of the day, the government got a majorityl the government got a majority of 44 which is pretty solid. so i think this should give the
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governance self—confidence to say we got this more or less right. say we got this more or less rieht. ., ,, ., say we got this more or less rieht. ., right. some abstained, saying the bill question _ right. some abstained, saying the bill question uk's- the bill question uk's commitment to international law. opposition mps will likely seek changes as well. iterate law. opposition mps will likely seek changes as well. we learnt toni . ht seek changes as well. we learnt tonight rising — seek changes as well. we learnt tonight rising to _ seek changes as well. we learnt tonight rising to £400 _ seek changes as well. we learnt tonight rising to £400 million i tonight rising to £400 million for a scheme where more secretaries have been sent to rwanda than asylum seekers. it should be about tackling the criminal smuggler gangs rather than this ongoing chaos that now looks like it will go onto the new year.— the new year. that much is certain- _ the new year. that much is certain. the _ the new year. that much is certain. the votes - the new year. that much is certain. the votes will - the new year. that much is| certain. the votes will likely see the biggest battles over the rwanda plan's future and the rwanda plan's future and the toughest test of rishi sunak�*s premiership. ione wells, bbc news. around the world and across
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the uk, this is bbc news. let's look at some other stories making news. claudine gay, the president of harvard university is to keep herjob despite calls for her removal following remarks at a congressional hearing into anti—semitism on college campuses. nearly 700 college faculty members signed a petition over the weekend asking harvard to resist political pressures that are at odds with harvard's commitment to academic freedom. part of a seven—storey residential building has collapsed in the bronx neighbourhood in new york city. apartments were left exposed as debris fell directly onto the street below. emergency responders said no serious injuries had been reported and no trapped victims had been in the rubble. the block was undergoing repairs to its facade before the incident took place. all seven members of k—pop supergroup bts are now enlisted in south korea's army. it's mandatory for all able bodied men aged 18—28 to sign up for military service and the band are expected to complete their run
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by mid—2025. their record label bighit music said in a statement bts were "honoured to serve" their country. you're live with bbc news. the mayor of kyiv, vladimir klitschko, has said 12 people have been injured and a children's hospital damaged in a missile strike in the ukrainian capital. a series of powerful explosions were heard early this morning. the noise of the blasts echoed round the city before the air raid sirens sounded, an indication, analysts say, that they might have been cause by ballistic missiles. this comes as ukraine's president is in washington meeting president biden who's said his administration will continue to support kyiv in its fight against russia, even in the face of domestic political opposition in the us. volodymyr zelensky is there trying to save a $61 billion us defence package for kyiv. but his pleas for a quick approval of the aid package
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have gained little traction with republicans in congress. president biden says congress would be giving a christmas gift to russia if it fails to pass the measure. joe biden told the ukrainian president that the us would stand by kyiv. the pair appeared together at a news conference. history willjudge harshly those who turned their back on freedom's cross. today ukraine's freedom is on the line but if we do not stop vladimir putin, we will endanger the freedom of everyone almost everyone. vladimir putin will keep going and aggressors will be emboldened to try and take by force. here's our north america correspondent nomia iqbal with more details. meeting president biden is the easy bit for president zelensky. both men on exactly the same page when it comes to passing military aid for ukraine. both men said if it doesn't happen, it would be gifting
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the russian president vladimir putin. the difficult bit for president zelenskyy was earlier today. we were at the capital where he met with all 100 senators including republicans. he also met with speaker of the house mikejohnson. he spoke to a few of the republicans afterwards and they said they admired president zelensky especially the fact that he had come here in person, a wartime leader, to make that case. they said this was no ordinary political showdown that we often see in washington. they were genuine, they want security changes when it comes to us border security and that is something they are not going to budge on. president biden said this package has to be passed before christmas. the senate minority leader republican mitch mcconnell said the only way that can happen is if democrats agree to what the republicans want. the chances of that happening are slim. therefore the chances of this package being passed before the end of the year is very unlikely. to south america now, and argentina has announced a sharp devaluation of the peso
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as the new populist administration seeks to shore up the economy. right wing outsider javier milei was sworn in as the country's new president two days ago amid promises of economic austerity to rein in a growing financial crisis in the south american country. with me is our reporter mimi swaby. good to have you on set because i promised economic shock therapy is happening. javier milei is trying _ therapy is happening. javier milei is trying to _ therapy is happening. javier milei is trying to rebuild - milei is trying to rebuild argentina, attacking this economic crisis at the red, using economic shock therapy. that is what he has promised and what is delivering. a symbolic chance that we saw him building around and his campaign rally is in full effect now. he really is slashing public spending and
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evaluating the paso by 54%, more than halving. 800 pesos is now equivalent to $1. —— peso. this is because this new government has inherited the worst legacy argentina has ever faced according to the prime minister. drastic measures needed to stop inflation and stop catastrophe, in his words. but some of these measures will be painful in the short—term, for example getting rid of your subsidies. it will cost people more to fill up their engines and use energy etc. it will be painful and have said that, no pain, no gain. it painful and have said that, no pain. no gain-— pain, no gain. it is going to be tough- _ pain, no gain. it is going to be tough. people _ pain, no gain. it is going to be tough. people are - be tough. people are celebrating these drastic, kind of gambling propositions or measures but they do know that in the short term, the situation will get worse before it gets better. javier milei
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has emphasised this, that he has emphasised this, that he has not had any alternative to this, shock therapy is the only thing that will drive argentina out of this crippling economic situation with inflation at about 150% and quickly rising, something drastic needs to happen and people are hoping, this right—wing populist figure will make that happen. i5 will make that happen. is economy minister, he is the one who gave the televised address, summarising all these changes, what is interesting the international monetary fund has applauded these moves, saying they are happy with the steps argentina is taking which is important because the imf is a big fund are currently of argentina?— big fund are currently of araentina? , ., ., argentina? because a move bold but celebrated _ argentina? because a move bold but celebrated it, _ argentina? because a move bold but celebrated it, saying - argentina? because a move bold but celebrated it, saying it - but celebrated it, saying it will help and get argentina back on this financing path. —— they say it is a bold move.
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argentina is the biggest debtor of the imf. billions of dollars. that has also meant 40% of the population is in poverty so people will struggle initially but hopefully, these drastic economic measures will be the first step in the improvement of the situation in argentina. improvement of the situation in araentina. �* . ., improvement of the situation in araentina. . ., . improvement of the situation in argentina-— argentina. anchor so much was not argentina. anchor so much was rrot really _ argentina. anchor so much was not really interesting _ argentina. anchor so much was not really interesting to - argentina. anchor so much was not really interesting to see - not really interesting to see what is happening in argentina. more on that in our business coverage. i want to show you some pictures because they are quite extraordinary. a small borders town in scotland has been almost brought to a standstill recently because of this. huge wind turbine blades are being taken through hoik — one by one — at 65 metres high — and they are being transported upright as the vehicles squeeze past buildings, trees and lamp posts. it's a quite a sight. imagine that going through your town. we're looking at cop28,
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the draft deal proposed, global leaders are chewing on it right now and we shall go to cop28 live injust a now and we shall go to cop28 live in just a few minutes. stay with us on bbc news. hello there. wednesday's weather will see big improvements. it will brighten up very nicely from the west, and over the next few days, for the vast majority of us, it will turn a lot drier as high pressure starts to build in from the south, also turning milder into the weekend with westerly winds and temperatures rising across the board into double figures once more. now, that very slow—moving area of low pressure continues to meander its way into the near continent. still plenty of cloud, some showery outbreaks of rain for much of eastern england. we're keeping that cloud here too for much of the day. but it'll brighten up very nicely across northern england, much of wales and down through the southwest of england. still rather blustery for irish sea coasts,
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but some more sunshine for northern ireland and for much of scotland. but some lingering freezing fog for quite some time, and it will be feeling colder as well, 5 to 10 degrees celsius, north to south with quite a chilly northerly wind blowing. but it's only a brief cold spell, because then we've got a warm front waiting out towards the northwest that's going to be pushing southwards and eastwards on wednesday night, turning briefly to snow across the highlands, the pennines, the cheviot southern uplands perhaps before quickly turning back to rain, and that weather front is weakening as it pushes southwards and eastwards, bringing milderfeeling air. of course, a few patches of drizzle, some increased cloud for the southeast of england on thursday afternoon. but, again, an improving picture from the west and some showers just pushing into western scotland too. temperatures starting to climb for many towards the west, but still rather chilly towards the south and the east. now, on friday morning, a cold start again for the south and the east will see a lot of cloud out towards the west, a southwesterly wind now, and we're starting to see some showers out towards the northwest
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of scotland too. temperatures will be creeping up with that southwesterly wind of course. high pressure is building in from the south. so if we just take a look at the bigger picture — you can see that high here starting to extend in from the south, and that's sending all of the weather fronts scooting out towards the north and the west. so we'll still see some outbreaks of rain across parts of northern scotland. it will still be mild here. we've got brisk westerly winds, so there won't be any issues with frost and fog and, in fact, temperatures are set to rise as we head through the weekend. so we'll be seeing 11 or 12 degrees celsius, 13 for some. the milder air set to stick around for the rest of the week, and it should be largely dry for most. bye— bye.
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live from london, this is bbc news. "transitioning away" from not phasing out of fossil fuels — that's the new wording in the cop28 agreement, but will all leaders sign up? an early santa rally? us stock markets close at a fresh year high as investors look ahead to the feds next move. with core prices in the us creeping up, we get an expert view. economic shock therapy: argentina will weaken its peso over 50% and cuts energy subsidies. the imf welcomes the dramatic steps.
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and when food is art: we talk alive to the well�*s best pastry chef, the first women to win the prestigious accolade in 92 years —— we talk live. hello. good to have you with us. i'm sally bundock with the business news. we are very much focused on what is happening in dubai at cop28. the un climate body has published a new proposed text for the final deal. leaders were up all night ratifying the document with some of the major takeaways being a tripling of renewable energy capacity, the rapid phasedown of coal power and "transitioning away from" fossil fuels by 2050.

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