COP 28 summit warns of ‘climate collapse’

The UN Chief Antonio Guterres has told the opening of the COP28 Climate Summit in Dubai that this year is set to be the warmest on record – and urged world leaders to act. The summit is hosted by the United Arab Emirates, one of the world's top oil-producing nations, with oil boss Sultan al-Jaber overseeing the summit. Jaber promised financial support for developing countries., saying the UAE “would unlock finance to ensure the global south does not have to choose between development and climate action”. Elon Musk- the billionaire owner of X (formerly Twitter) - says the advertisers who are boycotting the platform will kill the company. In an interview at the New York Times DealBook Summit, Mr Musk launched into a rant full of expletives against the advertisers who have quit the platform in a row over alleged anti-semitic content. And, the British sports brand Castore says it has raised $183M, from a trio of private equity investors, boosting the sportswear maker’s value to $1.2B. The company has deals with the likes of tennis player Sir Andy Murray, Formula One’s Red Bull team, the England Test cricket squad, and several English Premier League football clubs. It hopes to compete with the established brands, such as Nike and Adidas.