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UK tightens immigration; major climate pledges at UN, UAE

UK raises migrant salary bar; 63 nations pledge emission cuts; UAE's $270B green finance; AT&T picks Ericsson for ORAN network

There was no significant news for 2 days.

Today ChatGPT read 1348 top news stories. After removing previously covered events, there are 4 articles with a significance score over 7.

[7.3] Countries pledge to cut cooling emissions by 68% — Reuters

At the UN climate summit in Dubai, 63 countries, including the US, Canada, and Kenya, committed to the Global Cooling Pledge to cut cooling-related emissions by at least 68% by 2050 from 2022 levels. This initiative, the first of its kind, targets emissions from refrigeration and air conditioning. Progress will be monitored annually until 2030.

[7.1] UAE pledges $270 billion for green finance — Reuters

At COP28 in Dubai, the UAE committed to a landmark $270 billion in green finance by 2030, a major stride in addressing climate finance needs. Concurrently, a report revealed that emerging markets require $2.4 trillion annually to achieve climate targets, underscoring the vast scale of investment needed for global climate initiatives.

[7.1] AT&T selects Ericsson for ORAN network, impacting Nokia — Reuters

AT&T selected Ericsson for a $14 billion, five-year deal to build a U.S. telecom network using ORAN technology, aiming to cover 70% of its wireless traffic by late 2026. This move will significantly increase Ericsson's market share, diminishing Nokia's presence in North America. Ericsson's stock rose 9%, while Nokia's fell 8%. ORAN, a cost-efficient, cloud-based technology, contrasts with traditional proprietary systems.

[7.0] UK plans to reduce legal migration — Reuters UK

Britain aims to reduce legal migration by increasing the minimum salary for skilled migrants by 33%, targeting a reduction of 300,000 from the record 745,000 annual net migration in 2022. The new salary threshold is raised to £38,700 from £26,200, excluding health and social workers. Additional steps include a 66% hike in migrant health service surcharges and stricter family visa income requirements. The policy faces criticism from businesses and trade unions, highlighting labor shortages and potential adverse effects on the health sector.

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