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Most May FOMC participants backed 50 bp hikes in June and July

All participants at the Federal Reserve's May 3-4 policy meeting backed a half-percentage-point rate increase to combat inflation they agreed had become a key threat to the economy's performance and was at risk of racing higher without central bank action, newly released minutes of the session showed.

'Energy transition? Leave us out,' say African energy leaders

Developing countries should not have to target renewable energy sources and turn away from fossil fuels, Nigerian and Equatorial Guinea energy officials said on Wednesday, joining other emerging oil-producing nations reluctant to embrace the global energy transition trend.

Richest 20 nations urged to lead on nature protection with more finance

KUALA LUMPUR (Thomson Reuters Foundation) - The world's 20 richest nations should more than double their annual spending to protect and restore nature to $285 billion by 2050, the United Nations and donors said on Thursday, calling for private and overseas investments to be ramped up too.

Beset by legal battles, Brazil asbestos town eyes a safer future

MINAÇU, Brazil (Thomson Reuters Foundation) - In the Brazilian town of Minaçu, it used to snow, locals like to tell visitors. But the white powder that covered the streets and roofs from 1967 through the late 1980s was far from harmless snowflakes. It was a dangerous carcinogen: asbestos.

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