World News in Brief: El Niño’s $11 trillion price tag, Mozambique and Yemen updates

Published on November 9, 2026

The El Niño extreme weather pattern could cost the global economy up to $11 trillion and seriously impact food security, said the UN agency tackling rural poverty in developing countries on Monday.

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Circularity Fuels Raises $7 Million to Turn Dairy Biogas into Clean Jet Fuel

November 9, 2026
Sustainable fuels technology developer Circularity Fuels announced that it has raised $7 million in a seed funding round to advance the commercialization of its technology to convert dairy biogas into sustainable aviation fuel (SAF).Fuel accounts for the vast majority of the aviation sector’s emissions. Generally produced from sustainable resources, like waste oils and agricultural residues, SAF i

EBA Delays ESG Reporting Simplification Measures for Banks to 2028

November 9, 2026
EU banking supervisor The European Banking Authority (EBA) provided an update to its ongoing initiative to simplify EU supervisory reporting requirements, indicating that it plans to postpone the implementation of its simplified ESG reporting measures for banks by more than a year to late 2028.According to the EBA, the delayed implementation follows feedback and dialogue with the banking industry