Daily updates on climate change and the global economy.

Daily updates on climate change and the global economy.
Stay current with what’s happening around the world with a quick scan of top news.

Daily updates on climate change and the global economy.
Stay current with what’s happening around the world with a quick scan of top news.

Daily updates on climate change and the global economy.
Stay current with what’s happening around the world with a quick scan of top news.

Daily updates on climate change and the global economy.
Stay current with what’s happening around the world with a quick scan of top news.

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“Earth, for the second year running, is nearing apocalypse, a science-oriented advocacy group said, pointing to its famous “Doomsday Clock” that shows 90 seconds till midnight.

“The Bulletin of Atomic Scientists made the annual announcement Tuesday rating how close humanity is from ending. It cited nuclear threat in Russia’s war on Ukraine as well as the Oct. 7 attack in Israel and war in Gaza, worsening climate-related disasters and the danger of generative artificial intelligence.”

https://www.npr.org/2024/01/24/1226527897/doomsday-clock-signals-existential-threats-of-nuclear-climate-ai


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“Iran’s top diplomat says risk of war in the Middle East ‘has gone up,’ blames US…

“”The scope of the war has become wider. This means that the danger of having a wider war in the region has gone up,” Iranian Foreign Minister Hossein Amir-Abdollahian said, blaming the U.S and Israel for the escalating tensions.”

https://abcnews.go.com/Politics/irans-top-diplomat-risk-war-middle-east-blames/story?id=106603165


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“US stages retaliatory airstrikes against Iran-backed militias in Iraq, officials say.

“The U.S. on Tuesday staged airstrikes against Iran-backed militias in Iraq in retaliation for ballistic missiles fired Sunday against Al-Assad airbase that left four U.S. personnel with traumatic brain injuries, two U.S. officials said.”

https://abcnews.go.com/Politics/us-stages-retaliatory-airstrikes-iran-backed-militias-iraq/story?id=106609312


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“US and UK launch fresh strikes on Houthis in Yemen.

“The Pentagon said Monday’s strikes hit eight targets, including an underground storage site and Houthi missile and surveillance capability. The Iran-backed Houthis have been targeting ships they say are linked to Israel and the West that travel through the important Red Sea trade route.”

https://www.bbc.co.uk/news/world-middle-east-68064422


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“Houthis say US-UK airstrikes will not go unpunished or unanswered.

“Houthi leaders have vowed defiance in the face of a new wave of attacks they say targeted five governorates, including the Yemeni capital, Sana’a, and surrounding areas… Within hours of the attacks, UK Maritime Trade Operations (UKMTO) was reporting “uncrewed aerial system activity” south of al-Mukha…”

https://www.theguardian.com/world/2024/jan/23/houthis-say-us-uk-airstrikes-will-not-go-unpunished-or-unanswered


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“‘Red Sea chaos has only just begun – the situation is desperate’… Interview: Cameron Bowie, of shipping giant Hapag-Lloyd, warns of second wave of disruption…

“…the crisis could keep inflation higher for longer as higher shipping costs filter through the world economy. Mr Bowie said: ““I don’t think any of us can really predict when normality will return. It is a very challenging and very desperate situation at the moment.””

https://www.telegraph.co.uk/business/2024/01/23/second-wave-disruptions-red-sea-crisis-cameron-bowie/


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“Is North Korea’s Kim planning war? Experts have conflicting theories…

“North Korean leader Kim Jong Un’s bellicose statements and policy moves in recent weeks have prompted a flurry of commentary about his intentions – including warnings that he could be preparing for war.”

https://www.aljazeera.com/news/2024/1/24/is-north-koreas-kim-planning-war-experts-have-conflicting-theories


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“Ukraine war ‘a battle of ammo’ says NATO as it agrees huge arms deal…

“The military alliance announced on Tuesday that it has signed a deal worth 1.1 billion euros ($1.2bn) to buy artillery shells. The move comes amid intensified exchanges of fire between Russia and Ukraine since the end of last year, which have depleted the latter’s weapons stockpiles.”

https://www.aljazeera.com/news/2024/1/23/nato-head-warns-war-in-ukraine-a-battle-of


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“Critics of Ukraine war could have property seized under new Russian law…

“…the government has passed a series of laws to punish those who criticise the war… It was “necessary to punish scoundrels, including cultural figures, who support Nazis, pour dirt on our country, soldiers and officers involved in the [war]”, said Vyacheslav Volodin, the chair of the State Duma.”

https://www.theguardian.com/world/2024/jan/22/critics-ukraine-war-could-property-seized-new-russian-law


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“Norway’s defence chief has become the latest senior military figure to warn that Europe has a matter of years to prepare for war against Russia.

“In his dire warning, Eirik Kristoffersen said NATO countries have ‘two, maybe three’ years to get ready for an assault by Vladimir Putin’s forces.”

https://www.dailymail.co.uk/news/article-12995683/Countdown-conflict-Putin-Norways-defence-chief-latest-warning.html


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“The British public will be called up to fight if the UK goes to war because the military is too small, the head of the Army is to warn.

“General Sir Patrick Sanders will stress the need for the Government to “mobilise the nation” in the event of war with Russia in a speech on Wednesday.”

https://www.telegraph.co.uk/news/2024/01/23/public-call-up-army-too-small/


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“Nearly 50,000 UK businesses on ‘brink of collapse’, warn insolvency experts.

“More than 47,000 UK companies are on the brink of collapse after a 25% jump in the number of businesses facing “critical” financial distress in the final three months of 2023, according to a report.”

https://bmmagazine.co.uk/news/nearly-50000-uk-businesses-on-brink-of-collapse-warn-insolvency-experts/


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“‘UK growers grapple with inflation, supply chain issues and labour shortages’…

“UK growers are dealing with a myriad of challenges including escalating production costs due to rising energy tariffs and inflation, Brexit and Ukraine war-related supply chain disruptions, fuel shortages, and persistent labour supply issues. These factors are collectively impacting growers in an unprecedented manner.”

https://www.freshplaza.com/europe/article/9594217/uk-growers-grapple-with-inflation-supply-chain-issues-and-labour-shortages/


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“Why French farmers are up in arms: fuel hikes, green regulation, EU directives.

“French farmers have engaged in a standoff with the government to express anger over a perceived lack of respect, rising costs and suffocating EU regulation. Prime Minister Gabriel Attal seeks to calm the protesters while the far-right National Rally hopes to take advantage of their anger, just five months before the European elections.”

https://www.france24.com/en/europe/20240123-why-french-farmers-are-up-in-arms-fuel-hikes-green-regulation-eu-directives


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“EU must invest about €1.5tn a year to meet net zero targets, says Brussels…

“Under the bloc’s climate law EU governments are committed to reducing emissions by 55 per cent by 2030 from 1990 levels, and reaching net zero by 2050. Some areas of industry and agriculture argue that the requirements are too onerous amid high inflation and the after-effects of an energy crisis caused by Russia’s invasion of Ukraine.”

https://www.ft.com/content/ababab4c-7d81-4e63-b48c-0c59b687b5f2


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“Germany faces economic crisis fears as train drivers embark on their longest-ever strike.

“According to Deutsche Bahn spokeswoman Anja Broeker, the protracted action ‘is a strike against the German economy,’ noting that supplies for power plants and refineries are among the cargo traffic handled by the service.”

https://www.firstpost.com/world/germany-faces-economic-crisis-fears-as-train-drivers-embark-on-their-longest-ever-strike-13649642.html


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“Greece Clashes with Libya Over Maritime Borders in Heated UN Dispute…

“Athens slams Tripoli’s declaration of a new border zone as illegal, reigniting tensions in the Eastern Mediterranean… The crux of the issue lies in the coordinates and map included in Libya’s declaration, which Greece argues blatantly violates international law and the Law of the Sea.”

https://greekcitytimes.com/2024/01/24/greece-clashes-with-libya-over-maritime-borders-in-heated-un-dispute/


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“Caspian deal breakdown highlights Iran’s gas shortcomings…

“Provinces in northern Iran are set for deeper winter gas shortages after a disagreement between Azerbaijan and Turkmenistan led to the recent collapse of a tripartite Caspian gas swap deal. The gas trading arrangement… was halted on January 4.”

https://www.naturalgasworld.com/caspian-deal-breakdown-highlights-irans-gas-shortcomings-109274


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“Iran’s rial has fallen 10 percent since early January as tensions have risen in the region, with concerns rising about possible hostilities with the US or Israel.

“On Tuesday the US dollar rose to more than 550,000 rials, which means the Iranian currency has fallen 13-fold since 2018, when the United States exited the JCPOA nuclear deal and imposed sanctions on Iran’s oil exports and international banking.”

https://www.iranintl.com/en/202401232785


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“Fed rate hikes have made borrowing greenbacks costlier and pushed more firms to de-dollarize, think tank says…

“China’s yuan has benefited the most, given that its borrowing costs are considerably lower. For the first time in two decades, it’s considerably cheaper to pursue short-term borrowing in yuan than in the greenback.”

https://markets.businessinsider.com/news/currencies/dedollarization-dollar-dominance-fed-rate-hikes-borrowing-china-yuan-sanctions-2024-1


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“Xi plots emergency intervention to shore up China’s crumbling stock market…

“Investor confidence has been hammered by the property downturn, which began with the collapse of property giant Evergrande at the end of 2021, and evidence of persistent deflationary pressures in the economy. Private sector demand is at a low ebb.”

https://www.telegraph.co.uk/business/2024/01/23/xi-jinping-emergency-intervention-save-china-stock-market/


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“Deepening economic crisis in Nepal…

“The country is facing a severe economic crisis as agricultural and industrial production is falling, the trade deficit along with the unemployment problem is growing, the stock market is tumbling, the real estate business is sputtering, and restaurants and hotels apart from several other business activities are declining.”

https://www.orfonline.org/research/deepening-economic-crisis-in-nepal


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“Thai PM announces stimulus measures amidst economic crisis…

“Acknowledging Thailand’s struggling economy, Prime Minister Srettha Thavisin, who also serves as the Finance Minister, said today the government is set to introduce a series of stimulus measures to bolster growth. This revelation comes amidst criticism from Bank of Thailand‘s Governor Sethaput Suthiwartnarueput…”

https://aseannow.com/topic/1317919-thai-pm-announces-stimulus-measures-amidst-economic-crisis/


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“Thousands of Argentinian workers expected to protest Milei’s budget cuts…

“The South American country’s biggest union, the CGT, with some seven million members, has vowed a massive mobilisation against Milei’s campaign of deregulation and economic reform, which many fear will leave them vulnerable to exploitation, and poorer.”

https://www.france24.com/en/americas/20240124-thousands-of-workers-in-argentina-to-protest-against-milei-s-budget-cuts


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“Sticker-shocked Cubans prepare for ‘inflation bomb’…

“Cubans are preparing for a new wave of inflation after the government last week rolled out details of an austerity plan that economists say will touch nearly every facet of the communist-run island’s already flailing economy.”

https://finance.yahoo.com/news/sticker-shocked-cubans-prepare-inflation-175241768.html


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“Tensions between Burundi and Rwanda increase.

“Rwandan authorities accused the Burundian leader of making “inflammatory allegations aimed at sowing division among Rwandans”, reigniting tensions that have persisted since Burundi closed all crossing points with Rwanda earlier this month.”

https://www.africanews.com/2024/01/23/tensions-between-burundi-and-rwanda-increase/


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“Kenya Says ‘Not at War,’ Amid Diplomatic Tensions With Neighbors…

“Kenya’s effort to assert itself as a regional political force and economic hub in eastern Africa is not going over well with some of its neighbors. The Democratic Republic of Congo and Sudan recalled their ambassadors after their governments accused Kenya of hosting and dealing with their countries’ opposition groups in Nairobi.”

https://www.voanews.com/a/kenya-says-not-at-war-amid-diplomatic-tensions-with-neighbors/7450130.html


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“Ethiopian regional conflict dims celebration of Orthodox epiphany…

“Festivities for the Orthodox Christian celebration of epiphany have been muted this year in Gondar, in the northwest Ethiopian region of Amhara where conflict has raged for months. “How can you celebrate when many people are dying?” said an autorickshaw driver, who wished to remain anonymous.”

https://www.aljazeera.com/gallery/2024/1/23/ethiopian-regional-conflict-dims-celebration-of-orthodox-epiphany


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“Israel strikes key Gaza city as public mourns slain soldiers.

“Israel kept up its heavy assault on the “encircled” Gazan city of Khan Yunis following an outpouring of grief over the army’s deadliest single day since ground operations in the territory began.”

https://www.france24.com/en/live-news/20240124-israel-strikes-key-gaza-city-as-public-mourns-slain-soldiers


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“Seaweed could save a billion people from famine after a nuclear war [picture is of seaweed-gathering during the Irish Potato Famine].

“A nuclear war could lead to food shortages due to soot blocking out the sun, but a model suggests seaweed farming could expand to meet up to 15 per cent of the food eaten by humans.”

https://www.newscientist.com/article/2413496-seaweed-could-save-a-billion-people-from-famine-after-a-nuclear-war/


You can read the previous “Economic” thread here. I’ll be back tomorrow with a “Climate” thread.

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