Guterres and Lula to push negotiators at COP30 as deadline looms

BELEM, Brazil (AP) Two global power players will spend Wednesday pushing negotiators to find compromises at United Nations climate talks in Brazil’s Belém, where a self-imposed deadline is rushing up fast. U. N. Secretary-General Antonio Guterres roamed the meeting rooms on Tuesday, while Brazilian President Luiz Inácio Lula da Silva was set to join the COP30 talks Wednesday morning. “The arrival of President Lula and Antonio Guterres is hugely significant and suggests the hosts think we should have some kind of deal passed today,” said Mohamed Adow of the Kenyan environmental organization Power Shift Africa. “You don’t generally have the president coming into the talks midway through the second week, without something to show for it.” Raising the possibility of a historic outcome, Greenpeace Brazil Executive Director Carolina Pasquali said: “The COP is nearing the endgame and the joint arrival of both Lula and Guterres gives a clear political signal that they mean business.” Excluded issues expected to be discussed Wednesday is an important day in the plans of the Brazilians running the conference on the edge of the Amazon. Even though the talks are scheduled to go until at least Friday, COP30 President André Corrêa do Lago gave negotiators a Wednesday deadline for a decision on four interconnected issues that were initially excluded from the official agenda: whether countries should be told to toughen their new climate plans; details on handing out $300 billion in pledged climate aid; dealing with trade barriers over climate and improving reporting on transparency and climate progress. Along with those four issues is a push by scores of countries, rich and poor, for a detailed road map on how to phase out fossil fuels. And that’s key to the part about toughening new climate plans for a shot at limiting future warming to 1. 5 degrees Celsius (2. 7 degrees Fahrenheit), the global goal set in 2015’s Paris Agreement. Two years ago, after days of contentious debate, climate talks agreed to language calling for a transition away from fossil fuels coal, oil and natural gas but since that time, little has been done to clarify or amplify on that one sentence. Protesters inside and outside the conference venue kept pushing for a phaseout. Lula and fossil fuels Lula, in talking to leaders earlier in Belem, boosted the efforts of coming up with more details on how to wean the world from the fuels that emit heat-trapping gases, the chief cause of climate change. The Brazilian president has also been pushing for more participation in a new multibillion international fund financed by interest-bearing debt instead of donations, called the Tropical Forests Forever Facility. It seeks to make it more lucrative for governments to keep their trees rather than cut them down. Iskander Erzini Vernoit, director of the IMAL Initiative for Climate and Development, an independent think-tank based in Morocco, said it won’t be easy for Guterres and Lula to find common ground among negotiators. “Various apparent impasses still remain, and chief among these from an African point of view is the unwillingness of the EU and other rich countries to engage on their obligation to provide climate finance,” Erzini Vernoit said. Implementation is key to cut global warming Going into this two-week conference, Brazilian leaders emphasized the importance of focusing on implementation, starting action on agreements, targets and pledges already made, over new deals. If nations met the goals set at past climate talks of tripling renewables, doubling energy efficiency and cutting methane by 2030, the rate of global warming could be cut by a third within a decade and a half by 2040, according to a new report by Climate Analytics. Neil Grant, a climate policy analysis expert and lead author of the report, said this could rescue the goal set a decade ago in the Paris Agreement. While climate leaders have conceded that the world is on track to overshoot this climate goal, Grant said: “We have the tools to transition away from fossil fuels. Although the hour is dark, we still have agency.” “Right now in COP 30 in Belém, it’s our future that we’re seeing being played out,” said Dev Karan, a 17-year-old youth climate activist. “The decisions made right now on paper will in fact translate into the future that we’re going to experience one day.” ___ The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP. org. ___ This story was produced as part of the 2025 Climate Change Media Partnership, a journalism fellowship organized by Internews’ Earth Journalism Network and the Stanley Center for Peace and Security.
https://wtop.com/world/2025/11/guterres-and-lula-to-push-negotiators-at-cop30-as-deadline-looms/

Affirm (AFRM) Stock: Payment Firm Posts Big Earnings Beat as Volume Jumps 42%

Affirm Reports Strong Fiscal Q1 2026 Earnings, Beating Expectations Across the Board

Buy now, pay later company Affirm Holdings, Inc. (NASDAQ: AFRM) delivered an impressive fiscal first quarter performance that surpassed Wall Street estimates on multiple fronts. For the quarter ended September 30, Affirm reported earnings of 23 cents per share, a significant turnaround from a 31 cent loss in the same period last year. Analysts had predicted just an 11 cent profit.

Revenue surged 34% year-over-year to $933 million, beating the consensus forecast of $883 million. The company’s gross merchandise volume (GMV) also posted strong growth, climbing 42% to reach $10.8 billion, outperforming the $10.38 billion estimate.

### Debit Card Contributes $1.4 Billion in Volume, Margins Improve

Affirm’s newly launched debit card contributed $1.4 billion to its total transaction volume. Although revenue from this product came in right at expectations, totaling $69.33 million, it represents a promising addition to the company’s offerings.

The company’s adjusted operating margin expanded notably to 28.3%, up from 19% a year earlier, signaling enhanced profitability and more efficient scaling. Affirm continues to shift its revenue mix towards zero-percent interest payment plans. These plans, which generate fees from merchants rather than interest from consumers, typically carry lower margins than interest-bearing products but tend to attract customers with stronger credit profiles and larger purchase amounts.

### New Partnerships Position Affirm for Future Growth

Affirm faces competition from competitors like Klarna, Sezzle, Afterpay (Block), and PayPal but continues to secure significant partnerships with major retailers such as Amazon and Shopify. A new partnership with Apple, launched in September, now offers Affirm’s payment plans for in-store iPhone purchases at Apple retail locations—a move analysts believe could materially boost growth in 2026.

Additionally, Affirm has entered deals with Wayfair and Fanatics, further diversifying its merchant base. While Walmart recently shifted the majority of its buy now, pay later volume to Klarna, Affirm’s new partnerships help offset that loss.

### Fiscal Q2 Guidance and Stock Performance

Looking ahead, Affirm provided fiscal Q2 revenue guidance of approximately $1.045 billion, which aligns closely with analyst expectations.

Following the strong quarterly results, AFRM stock surged over 11% in after-hours trading to $73.32. The stock had dipped during the regular session but was up 7% year-to-date prior to the earnings announcement. Affirm holds an IBD Composite Rating of 81 and an Accumulation/Distribution Rating of B-minus, reflecting positive technical signals.

### Summary

Affirm’s fiscal Q1 performance highlights robust growth in revenue and volume, improved profitability, and promising progress from new product launches and partnerships. The company appears well-positioned to capitalize on expanding market opportunities within the competitive buy now, pay later space.
https://blockonomi.com/affirm-afrm-stock-payment-firm-posts-big-earnings-beat-as-volume-jumps-42/

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