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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“Political pressure builds on Biden to strike Iran after US deaths.

“The killing of three U.S. troops and wounding of dozens more on Sunday by Iran-backed militants is piling political pressure on President Joe Biden to deal a blow directly against Iran, a move he’s been reluctant to do out of fear of igniting a broader war.”

https://www.reuters.com/world/political-pressure-builds-biden-strike-iran-after-us-deaths-2024-01-29/


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“US retaliation over drone attack could lead to ‘uncontrolled escalation’ in Middle East crisis…

“Given the fact that US soldiers have died, there is arguably a greater risk of igniting a wider conflict than even the decision by the United States and the UK earlier in the month to launch airstrikes against Iranian-backed Houthi fighters in Yemen.”

https://news.sky.com/story/us-retaliation-over-drone-attack-could-lead-to-uncontrolled-escalation-in-middle-east-crisis-13059078


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“Donald Trump has claimed that the US is on the brink of a third world war after three American soldiers were killed by drone strikes in Jordan…

“He added: “This attack would never have happened if I was president, not even a chance – just like the Iranian-backed Hamas attack on Israel would never have happened, the war in Ukraine would never have happened, and we would right now have peace throughout the world.”

https://www.lbc.co.uk/news/we-are-on-the-brink-of-world-war-3-says-donald-trump-after-three-us-soldiers-kil/


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“Iran launches three satellites amid rising tensions with Western powers…

“Iran has successfully launched three satellites for the first time using its carrier rocket developed by the Ministry of Defence and Armed Forces Logistics, state media reported, a milestone the West fears will boost Tehran’s ballistic missile programme.”

https://www.aljazeera.com/news/2024/1/28/iran-launches-three-satellites-amid-rising-tensions-with-western-powers


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“Israel is ‘closer to war’ with Hezbollah than ever, senior Israeli official says.

“Israeli and Hezbollah forces have traded fire across the Lebanese-Israeli border for over three months… Israel’s north is bristling with tens of thousands of regular troops and about 60,000 reservists, an IDF official told ABC News on Wednesday.”

https://abcnews.go.com/International/israel-closer-war-hezbollah-senior-israeli-official/story?id=106675658


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“Houthis report fresh US, UK airstrikes in Yemen.

“Yemen’s Houthi rebels reported fresh airstrikes by the US and its allied British forces on the western province of Hodeidah on Saturday, Anadolu Agency reports. The Houthi-run satellite channel Al-Masirah reported that “the American-British aggression targeted the Ras Issa area in Hodeidah Governorate with two raids.””

https://www.middleeastmonitor.com/20240127-houthis-report-fresh-us-uk-airstrikes-in-yemen/


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“Houthi Hit on Russian Fuel Has Traders Recalculating Risks…

” A missile attack on Friday on a tanker taking Russian fuel through the Gulf of Aden may prove to be a defining moment for an oil market that had previously been somewhat immune to months of Houthi militants’ attacks on merchant trade.”

https://finance.yahoo.com/news/houthi-hit-russian-fuel-oil-093000321.html


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“Business organizations from the US, Europe and Japan called on the Biden administration to reverse a decision to freeze approvals of new licenses for liquefied natural gas export facilities…

“The US Energy Department said Friday it had halted approvals while it scrutinizes how LNG exports affect climate change, the economy and national security.”

https://www.bloomberg.com/news/articles/2024-01-29/us-overseas-business-groups-urge-biden-to-reverse-lng-pause


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“Climate is the headline but the true motive [for the halt to LNG export approvals] is price to Americans [Art Berman].”

“”The current… analyses…no longer adequately account for considerations like potential energy cost increases for American consumers and manufacturers.”” [White House briefing].

https://twitter.com/aeberman12/status/1751246894162981018


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“US ‘planning to move nuclear weapons to Suffolk RAF base’.

“Amid calls to ramp up preparations for a potential war between Russia and NATO forces, the US is said to be planning to move nuclear weapons to the UK for the first time since 2008. The UK’s Ministry of Defence said it would neither confirm nor deny the report.”

https://news.sky.com/story/us-plan-for-nuclear-weapons-to-be-stationed-at-raf-lakenheath-base-in-suffolk-13057390


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“Almost one in five UK-listed companies issued profit warnings last year, a bigger proportion than seen during the worst of the financial crisis in 2008, according to Ernst & Young.

“The main factors were high borrowing costs and shaky business and consumer confidence.”

https://www.bloomberg.com/news/articles/2024-01-29/uk-profit-warnings-last-year-exceeded-height-of-2008-crisis


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“Higher prices and shortages: food industry warns on new UK border measures…

“Food industry bodies in Europe and the UK are warning of impending supply chain disruption as Britain introduces new border bureaucracy on EU food and drink and imports for the first time since Brexit.”

https://www.ft.com/content/6d83c96b-109f-4d6c-a7f9-57626a135bd8


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“French Farmers Threaten to Blockade Paris as Appeasement Fails…

“The country’s powerful FNSEA union, along with the Young Farmers union, has called for a “siege” of the capital even as Prime Minister Gabriel Attal pledged further support during a visit to farmers on Sunday.”

https://www.bloomberg.com/news/articles/2024-01-29/french-farmers-threaten-to-blockade-paris-as-appeasement-fails


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“Farmers’ protests slowly spread to Belgium…

“German, Polish, Romanian, and French farmers were joined in their protests by Belgian farmers on Friday and throughout the weekend, with demands similar to those of their European peers.”

https://www.euractiv.com/section/politics/news/farmers-protests-slowly-spread-to-belgium/


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“Nato should ‘prepare for Russian missile strikes in Europe’.

“Nato leaders have suggested the alliance has a window of opportunity that could be as short as three years to consolidate its defences against a possible Russian offensive against the alliance’s territory.”

https://www.thetimes.co.uk/article/nato-russia-missile-strikes-europe-germany-vbwt2dktt


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“Finland goes to the polls as border tensions with Russia rise…

“Relations between Moscow and Helsinki deteriorated after Russia’s 2022 invasion of Ukraine, prompting Finland to drop decades of military non-alignment and join the western military alliance Nato in April 2023.”

https://www.theguardian.com/world/2024/jan/28/finland-goes-to-the-polls-as-border-tensions-with-russia-rise


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“Brussels threatens to hit Hungary’s economy if Viktor Orbán vetoes Ukraine aid…

“In a document drawn up by EU officials and seen by the Financial Times, Brussels has outlined a strategy to explicitly target Hungary’s economic weaknesses, imperil its currency and drive a collapse in investor confidence in a bid to hurt “jobs and growth” if Budapest refuses to lift its veto against the aid to Kyiv.”

https://www.ft.com/content/9dabcd4b-9c64-4124-9f9c-b0c898c84c8f


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“Ukraine’s Zelensky warns of World War 3 risk as he seeks Western support against Russia.

“Ukrainian President Volodymyr Zelensky voiced the danger of the Ukraine conflict escalating into World War 3, as he pressed his case for support from nations from Germany to the United States in an interview with German state broadcaster ARD on Sunday.”

https://www.scmp.com/news/world/russia-central-asia/article/3250093/zelensky-warns-world-war-3-risk-he-seeks-western-support


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“Donald Trump is preparing for a massive new trade war with China…

“Former president Donald Trump is weighing options for a major new economic attack on China if reelected, considering plans that are widely viewed as likely to spark a global trade war… Privately, Trump has discussed with advisers the possibility of imposing a flat 60 percent tariff on all Chinese imports…”

https://www.washingtonpost.com/business/2024/01/27/trump-china-trade-war/


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“China’s troubled real-estate giant the Evergrande Group has been ordered to liquidate, a move likely to deal a new blow to confidence in the world’s second-largest economy.

“A Hong Kong court made the ruling on Monday after the company failed to convince a judge it had a workable plan to restructure some $300bn in debts.”

https://www.aljazeera.com/economy/2024/1/29/chinas-property-giant-evergrande-ordered-to-liquidate-as-debt-talks-fail


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“China has announced a crackdown on short sellers as Xi Jinping scrambles to halt a stock market rout.

“The China Securities Regulatory Commission has said that investors will no longer be able to lend out shares for trading purposes for a set period of time. Regulators said the change, which comes into force from Monday, is about “creating a fairer market order”.”

https://www.telegraph.co.uk/business/2024/01/28/china-xi-jinping-curbs-short-selling-market-plunges/


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“China’s growingly assertive posture in the South China Sea and escalating violence in Myanmar topped the agenda for Southeast Asian diplomats meeting in Laos on Monday.

“The gathering is the first high-level meeting of the Association of Southeast Asian Nations since Laos took over the rotating chairmanship.”

https://abcnews.go.com/International/wireStory/south-china-sea-tensions-myanmar-violence-top-agenda-106753412


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“North Korea has fired multiple cruise missiles off an eastern military port, South Korea’s joint chiefs of staff have said.

“The missiles were launched about 8am (2300 GMT Saturday) and were being analysed by South Korean and US intelligence authorities, South Korea said, without specifying how many missiles were fired.”

https://www.theguardian.com/world/2024/jan/28/north-korea-fires-cruise-missiles-off-east-coast-says-south-korea


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“South Asia’s ticking time bomb…

“Across South Asia, simmering discontent runs deep, weaving through its diverse cultures and histories. The question is: Will South Asia rise to the challenge, or will it be consumed by the flames of its own discontent? …Now, we have 228 million people in South Asia living in extreme poverty, accounting for 30.5% of the region’s population…”

https://www.deccanherald.com/opinion/south-asia-s-ticking-time-bomb-2868468


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“Pakistan battles rising terror threat in Afghan border regions…

““In 2021, we were confident that the Taliban in Kabul will defend Pakistan’s interests and prevent terrorist attacks in Pakistan. Today, that is not the case,” said a senior Pakistani security official.”

https://www.ft.com/content/f739d848-5061-412e-b55a-027502925a64


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“Gunmen kill nine Pakistani workers in Iranian border region days after military strikes.

““We are in touch with Iranian authorities and have underscored the need to immediately investigate the incident and hold to account those involved in this heinous crime,” Foreign Ministry Spokesperson Mumtaz Zahra Baloch said in a statement.”

https://edition.cnn.com/2024/01/28/middleeast/gunmen-kill-nine-pakistanis-in-iranian-border-region-days-after-military-strikes/index.html


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“52 killed in clashes in the disputed oil-rich African region of Abyei, official says.

“Gunmen attacked villagers in the oil-rich region of Abyei claimed by both Sudan and South Sudan, leaving at least 52 people dead, including a U.N. peacekeeper, and 64 wounded, a regional official said Sunday.”

https://abcnews.go.com/International/wireStory/52-killed-clashes-disputed-oil-rich-african-region-106749787


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“Niger, Mali, Burkina Faso quit ECOWAS bloc as West African tensions deepen…

“All three countries, which were founding members of ECOWAS, the Economic Community of West African States, are currently led by militaries that seized power from civilian leaders. France withdrew its troops from Niger in late 2023 after the coup in that country last summer.”

https://www.politico.eu/article/niger-mali-burkina-faso-quit-ecowas-bloc-as-west-african-tensions-deepen/


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“UNRWA chief ‘shocked’ after countries pause funding.

“The head of the U.N. refugee agency for Palestinians (UNRWA) said on Saturday that nine countries’ decisions to suspend funding over allegations staff were involved in the Oct. 7 attacks on Israel was shocking, and urged them to reverse course.”

https://www.reuters.com/world/middle-east/unrwa-chief-shocked-after-countries-pause-funding-2024-01-27/


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“Why is the world’s humanitarian aid gap getting bigger?

“Nearly 300 million people around the world will need humanitarian aid in 2024, according to the United Nations, but after a record shortfall in donations last year, aid workers are bracing for the funding crisis to continue… Donors are lagging as wars and climate change push global aid needs to record highs, with vulnerable groups hit by the cash crisis.”

https://www.context.news/money-power-people/why-is-the-worlds-humanitarian-aid-gap-getting-bigger


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“22 countries want to triple nuclear power. Is there enough uranium to go around?

“…the demand for uranium, the underlying fuel for nuclear plants, will be on the rise for years to come, experts and miners contend. “Where is that uranium going to come from?,” asked Galloway Warland. “There’s not enough to go around. There’s a supply deficit.””

https://finance.yahoo.com/news/22-countries-want-to-triple-nuclear-power-is-there-enough-uranium-to-go-around-180010715.html


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

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