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Tag: agreement

Paris Agreement: Trump confirms US will leave climate accord

Paris Agreement: Trump confirms US will leave climate accord

Science
Media playback is unsupported on your device The US will definitely withdraw from the Paris climate agreement, President Trump has confirmed.He made the announcement at an energy conference in Pittsburgh on a stage flanked by men in hard hats.He described the accord as a bad deal and said his pro fossil fuel policies had made the US an energy superpower.The earliest he can formally start the process of withdrawing the US from the Paris accord is 4 November.The pull-out will take effect a year later - the day after the 2020 US presidential election – assuming that Mr Trump is re-elected.The Paris agreement brought together 195 nations in the battle to combat climate change.It committed the US to cutting greenhouse gases up to 28% by 2025 based
‘It’s a lovefest’: Trump celebrates phase one trade agreement with China

‘It’s a lovefest’: Trump celebrates phase one trade agreement with China

Business
The US and China have reached a "substantial" phase one trade agreement, according to US president Donald Trump.The agreement covers intellectual property, financial services and large agricultural purchases, Mr Trump told reporters after talks with China's vice premier Liu He. He said: "It took us a long time to get here, but it's something that's going to be great for China and great for the USA."He offered few specifics but it was reported that the US will suspend a tariff hike on $ 250bn (£197bn) in Chinese imports that was set for Tuesday.In exchange, China will buy between $ 40bn (£31bn) and $ 50bn (£39bn) in US farm products and be more open about how the value of its currency is set. Advertisement T
Report: Upcoming North Korea-U.S. nuclear talks aimed at drafting agreement

Report: Upcoming North Korea-U.S. nuclear talks aimed at drafting agreement

World
SEOUL, Sept. 12 (UPI) -- Working-level talks expected to take place between the United States and North Korea late this month are part of a process to draft an agreement to be signed at the countries' next summit, a pro-Pyongyang newspaper in Japan said Thursday. Earlier this week, the North expressed a willingness to hold working-level talks with the United States in late September in what would mark a resumption of the negotiating process that reached a deadlock with February's no-deal summit between U.S. President Donald Trump and North Korean leader Kim Jong Un. The Choson Sinbo newspaper said the upcoming talks are a "process to discuss and fine-tune the content to be included in an agreement to be signed at a summit" and therefore, the negotiating teams bear a heavy responsibility....
South Korea ratifies Pyongyang Declaration, military agreement

South Korea ratifies Pyongyang Declaration, military agreement

World
SEOUL, Oct. 23 (UPI) -- The South Korean government ratified Tuesday the inter-Korean agreements signed at the North-South Korea summit in Pyongyang last month. South Korean President Moon Jae-in signed and ratified the Pyongyang Declaration and the military agreement at a cabinet meeting on Tuesday. The two agreements were signed with North Korean leader Kim Jong Un at the September summit in Pyongyang. Moon said the ratification will "improve inter-Korean relations and reduce military tensions," which will be necessary to "facilitate the process for denuclearization of the Korean Peninsula." "This will help rid the country of risks and protect the people's lives and safety. Moreover, it will benefit the residents living on the border areas," Moon said at the cabinet meeting. The govern...
Guidelines on Inter creditor agreement next week

Guidelines on Inter creditor agreement next week

Finance
MUMBAI: As many as 32 banks and financial institutions have signed the inter creditor agreement (ICA) representing 85% of the credit exposure, Venkat Nageswar Chalasani, member of the Sunil Mehta committee formed to look into the resolution of stressed assets said. Guidelines on these agreements will be out by middle of next week, he said. The ICA, a recommendation of the Sunil Mehta committee, aims to deal with bad loans that banks must resolve before the end of this month end following Reserve Bank of India’s (RBI) February 12 circular. The agreement is an attempt to speed up the resolution of stressed loans and says that if 66 per cent of lenders by value agree to a resolution plan, it would be binding on all lenders. The dissenting creditors will, however, have the option to sell...