French automakers PSA Peugeot Citroën and Renault SA and companies that transport Iranian oil are poised to benefit from the six-month accord to rein in Iran’s nuclear program while easing trade sanctions.
The typhoon that killed thousands of people in the Philippines has energized debate about whether rich nations should compensate poor ones for climate-related losses, a proposal the U.S. and European Union are resisting.
Annual economic losses from natural disasters have almost quadrupled in the past three decades, the World Bank said in a report that recommends investments ranging from early-warning systems to safer roads and buildings.
Destruction from Typhoon Haiyan, which flattened buildings and unleashed storm surges that may have killed 10,000 people, could be several times worse for the Philippines economy than superstorm Sandy was for the U.S.
Haiti and the Philippines suffered the biggest climate-related disasters last year, a study showed as United Nations envoys from 195 nations discussed ways to assist countries coping with the impacts of global warming.