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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“The amount US financial institutions have loaned to shadow banks such as fintechs and private credit groups has passed $1tn, as regulators warn that growing ties between traditional and alternative lenders could present systemic risks…

“The rapid rise in loans to shadow banks concerns regulators because there is very little information or oversight regarding the risks being taken by those groups.”

https://www.ft.com/content/aaf74ab1-0dc0-4965-92d5-87aacaa8fc30


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“Rates rethink rekindles property stress worries.

“Stresses in sector emerge as commercial real estate loans come due in a period of increased vacancy rates… As S&P Global Ratings put it late last year: “Higher-for-longer interest rates remain the key risk for real estate assets globally.” …Separately, the real estate driven horror show at New York Community Bancorp continues to rumble on.”

https://www.ft.com/content/e0f66ca3-aac3-4775-b3ad-f0c8a71d08e6


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“Germany’s Office Property Slump Accelerates With Record Drop…

“The downturn accelerated in the fourth quarter with a 13% drop from the previous year, according to data published Monday by German banking association VDP. For the full year, prices slumped more than 10%, the most since records began in 2003, and the outlook is for further declines at the start of 2024.”

https://ca.finance.yahoo.com/news/germany-office-property-slump-accelerates-073000567.html


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“Germany’s Days as an Industrial Superpower Are Coming to an End…

“Manufacturing output in Europe’s biggest economy has been trending downward since 2017, and the decline is accelerating as competitiveness erodes. “There’s not a lot of hope, if I’m honest,” said Stefan Klebert, chief executive officer of GEA Group AG.”

https://www.bloomberg.com/news/features/2024-02-10/why-germany-s-days-as-an-industrial-superpower-are-coming-to-an-end


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“Labour’s green target ‘unachievable’ after ditching £28bn pledge, say experts [UK]…

“The commitment to decarbonising electricity generation by the end of the decade was already considered highly ambitious, but experts said that Sir Keir Starmer’s decision to ditch the party’s £28 billion green investment plan made it all but impossible.”

https://www.telegraph.co.uk/politics/2024/02/10/labour-net-zero-target-not-achievable-experts-say-2030/


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“Are the politics of climate change going out of fashion?

“…The public wants action generically, but might not like the effect of them – or as it was put to me: “Voters are allowed to be hypocrites – they can say ‘I want you to do more’ but then when you do, they say ‘oh I didn’t mean that’.”

https://www.bbc.co.uk/news/uk-politics-68261445


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“UK farmers vow to mount more blockades over cheap post-Brexit imports…

“Farmers say there will be further French-style blockades following a slow tractor protest at Dover against low supermarket prices and cheap food imports from post-Brexit trade deals.”

https://www.theguardian.com/environment/2024/feb/10/uk-farmers-vow-to-mount-more-blockades-over-cheap-post-brexit-imports-and-supermarket-prices


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“Thousands of Trucks Stuck on Polish-Ukrainian Border as Polish Farmers Resume Blockade…

“The protest staged by Polish farmers, which would take place at over 250 locations across Poland for a month, came about in response to the EU’s decision not to limit Ukrainian agricultural imports…”

https://www.kyivpost.com/post/27889


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“Tucker Carlson seemed clueless about our energy crisis. Putin certainly isn’t… [please overlook the anti-Putin sentiments and focus on the resource issue; it is rare to see this discussed in the MSM]

“Did you know [Ukraine] has the second-largest gas reserves in Europe after Norway? Or that the Donbas boasts one of the largest coal deposits in the world? And that Ukraine has stocks of 117 of the 120 most widely used metals and minerals… The frantic geopolitical motion of today is calibrated to the demands of an overpopulated world of eight billion people seeking to reinvent its energy system.”

https://www.thetimes.co.uk/article/tucker-carlson-seemed-clueless-about-our-energy-crisis-putin-certainly-isnt-v7wrwwgkj


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“Donald Trump has said he would “encourage” Russia to attack any NATO member that fails to pay its bills as part of the Western military alliance.

“At a rally on Saturday, he said he had once told a leader he would not protect a nation behind on its payments, and would “encourage” the aggressors to “do whatever the hell they want”.”

https://www.bbc.co.uk/news/world-us-canada-68266447


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“Scores killed in strikes on Gaza’s Rafah, two Israeli hostages rescued.

“Two Israeli hostages were rescued overnight in the southern Gaza city of Rafah, where overnight bombardments killed at least 48 Palestinians, the Hamas-run health ministry said early Monday. Israel is preparing for a ground incursion into the city.”

https://www.france24.com/en/middle-east/20240212-%F0%9F%94%B4live-heavy-israeli-strikes-hit-gaza-s-southern-city-of-rafah


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“Israel hits back at Moody’s downgrade over Gaza war impact…

“Israeli leaders have hit back at a credit rating downgrade from Moody’s, the first in the country’s history according to a finance ministry official, with Prime Minister Benjamin Netanyahu arguing it was a result of the war rather than the underlying economy.”

https://www.ft.com/content/ac2f4a92-0b2d-4040-a581-f98282da6e09


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“Houthis report 3 new US, UK airstrikes against Yemen.

“The Yemeni Houthi group announced Saturday that the US and UK targeted the province of Hodeidah in western Yemen with three airstrikes, Anadolu Agency reports. “A US-UK aggression targeted the As-Salif district in the province of Hodeidah,” said Houthi-affiliated Al-Masirah TV channel, without providing details.”

https://www.middleeastmonitor.com/20240211-houthis-report-3-new-us-uk-airstrikes-against-yemen/


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“Ships shun Red Sea and Suez Canal despite reduced Houthi menace…

“US and UK air strikes have reduced the risk to vessels from attacks by Yemen’s Houthis in the Red Sea but there is little prospect of many shipping companies making a swift return to the Suez Canal, security experts and a senior executive have said.”

https://www.ft.com/content/1f0977aa-4b71-4e73-bf36-bf306ef4bbbe


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“ICRC warns of worsening humanitarian disaster in Yemen.

“”The population is exhausted,” said Fatima Sator, ICRC spokesperson. “The economy is on the brink of collapse. Water and electricity are almost not available. Half of the healthcare facilities have been either destroyed, or don’t have supplies, or the staff needed to function.””

https://slguardian.org/icrc-warns-of-worsening-humanitarian-disaster-in-yemen/


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“Iraq could be pushed into conflict by tit-for-tat attacks on its territory by Iranian-backed militias and US forces, Iraqi foreign minister, Dr Fuad Hussein, has told the BBC.

“”The tension nowadays between Iran and the United States is very high,” he said. “I hope both sides will stop their attacks. They are not going to solve their problem on Iraqi soil,” he said. “We paid a very big price.””

https://www.bbc.co.uk/news/world-middle-east-68256069


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“Iran marks Islamic Revolution’s 45th anniversary amid Mideast tensions…

“In Tehran, crowds waved Iranian flags, chanted slogans, and carried placards with the traditional “Death to America” and “Death to Israel” written on them. Some burned U.S. and Israeli flags, a common practice in pro-government rallies.”

https://www.france24.com/en/middle-east/20240211-iran-marks-the-45th-anniversary-of-the-islamic-revolution-amid-mideast-tensions


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“Riot police in Pakistan have fired tear gas to disperse supporters of jailed former prime minister Imran Khan after his party urged protests outside election offices where they allege rigging took place in last week’s national vote.

“Ugly clashes were reported in Rawalpindi city, and in the eastern city of Lahore, where police are said to have charged at and dispersed protesters…”

https://www.dailymail.co.uk/news/article-13071309/Pakistan-riot-police-jailed-Imran-Khan-supporters-election-party-national-votes-rigged.html


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“Protests across Balochistan ‘paralyse’ road links.

“Political parties’ protests over alleged election rigging continued in Quetta and other cities of Balochistan for the third consecutive day on Sunday. The sit-ins on major roads and highways meant the province had been cut off from other parts of the country.”

https://www.dawn.com/news/1813433/protests-across-balochistan-paralyse-road-links


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“Delhi on Alert as Indian Farmers Gear Up for Mass Protests…

“India’s capital is on high alert as it anticipates protests from farmers to begin Tuesday to demand guaranteed minimum crop prices, three years after a major demonstration forced the government to repeal a proposed farm laws reform.”

https://www.bloomberg.com/news/articles/2024-02-12/indian-farmers-gear-up-for-another-protest-over-minimum-prices


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“Kerala: State grapples with euthanasia concerns as elderly face the brunt of rising financial crisis…

“The Kerala government’s financial woes have taken a toll on its ability to fulfill essential obligations, including the timely payment of salaries and pensions. Among the worst affected are the recipients of welfare pensions…”

https://organiser.org/2024/02/11/221195/bharat/kerala-state-grapples-with-euthanasia-concerns-as-elderly-face-the-brunt-of-rising-financial-crisis/


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“The fire the world ignored… A fire wreaked havoc and left thousands of people homeless — but it barely made the news.

“In Cox’s Bazar, Bangladesh, scores of Rohingya refugees continue to live in ever-worsening conditions. But the passage of time combined with a string of other international crises has seen the world turn its gaze from the Rohingya, with the latest fire receiving little, if any, media coverage…”

https://www.abc.net.au/news/2024-02-12/rohingya-refugees-fire-coxs-bazar-january/103415134


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“Brazil’s ex-president Bolsonaro surrenders passport in police probe of ‘attempted coup’…

“Federal police said they were carrying out 33 search and seizure operations and executing four arrest warrants in an investigation of a “criminal organization involved in the attempted coup” — a reference to Bolsonaro supporters’ storming of the presidential palace…”

https://www.france24.com/en/americas/20240208-brazil-s-ex-president-bolsonaro-surrenders-passport-as-police-probe-attempted-coup


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“Africa’s Biggest Oil and Gas Finds Are Doing Little for Economies at Home…

“The last thing Senegal needed in its long-drawn-out effort to capitalize on large oil and gas finds off its coast was political turmoil… The finds were touted as a game changer in a country where villages are still not connected to the power grid and more than a third of the inhabitants live in poverty.”

https://www.bloomberg.com/news/articles/2024-02-12/africa-s-biggest-oil-and-gas-finds-are-doing-little-for-economies-at-home


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“Senegal unrest: Three dead amid protests over delayed presidential elections.

“The death toll amid protests in Senegal over the postponement of the presidential elections until December has climbed to three, as concerns grow that one of the remaining democracies in coup-hit West Africa is under threat.”

https://www.wionews.com/world/senegal-unrest-three-dead-amid-protests-over-delayed-presidential-election-689288


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“‘I’m here to defend my daughters and myself’: Inside one of Sudan’s combat training camps for women and girls.

“Some are here out of loyalty for their conscripted sons, fathers, uncles, and brothers who have been deployed across the country in the Sudanese Armed Forces war against the Rapid Support Forces. Others are here out of sheer necessity.”

https://news.sky.com/story/im-here-to-defend-my-daughters-and-myself-inside-one-of-sudans-combat-training-camps-for-women-and-girls-13069602


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“Myanmar Enforces Mandatory Military Service Amid Ongoing Clashes…

“Myanmar’s military government announced a compulsory military service for all young people as clashes with ethnic armies intensified in many townships, mostly in Rakhine State.”

https://www.bloomberg.com/news/articles/2024-02-11/myanmar-enforces-mandatory-military-service-amid-ongoing-clashes


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“The world is waging war on its children, in an obscene mockery of international law…

“From Ukraine and Gaza to Sudan and Myanmar, respect for the “laws of war” is being eroded or is non-existent. Non-combatants are deliberately targeted. Most shocking, and unforgivable, is the wanton harm – the UN term is “grave violations” – done to children.”

https://www.theguardian.com/commentisfree/2024/feb/10/the-world-is-waging-war-on-its-children-in-an-obscene-mockery-of-international-law


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“I’m an AI expert – here are 5 easy ways artificial intelligence could kill off the human race and make mankind extinct…

“Ben Eisenpress, Director of Operations at the Future of Life Institute, warned MailOnline that ‘all catastrophic risks from AI are currently underestimated.'”

https://www.dailymail.co.uk/sciencetech/article-13061361/AI-expert-intelligence-kill-human-race.html


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

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