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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“US ‘prepper’ culture diversifies amid fear of disaster and political unrest…

“Researchers say the number of preppers has doubled in size to about 20 million since 2017. Much of that growth is from minorities and people considered left-of-center politically, whose sense of insecurity was heightened by Donald Trump’s 2016 election, the COVID-19 pandemic, more frequent extreme weather and the 2020 racial justice protests following the murder of George Floyd.”

https://www.reuters.com/world/us/prepping-disaster-diversifies-more-americans-lose-trust-2024-03-09/


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“Doomsday preppers have shared the most important materials for people to stockpile in the event of World War Three.

“”Doomsday preppers have shared the most important materials for people to stockpile in the event of World War Three. While they have been dismissed by many as needless hoarders by some, doomsday preppers insist that doing so is essential should a nuclear conflict erupt.”

https://www.dailymail.co.uk/news/article-13159861/doomsday-prepper-WW3-nuclear-survival-kit.html


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“Banks are still fighting safeguards even as risks pile up…

“The trouble at NYCB — which has sent its already battered shares on a wild ride this week — is putting a spotlight on how America’s banks manage (or fail to manage) risks to their balance sheets.”

https://edition.cnn.com/2024/03/08/investing/nycb-interest-rate-risk-capital-requirements/index.html


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“The US could be facing a 2008-style financial crisis. Why does Sunak want to copy it?

“…A great admirer of the US, Rishi Sunak appears to believe the UK would be well placed sitting in Washington’s slipstream. That means loosening the constraints on financial companies and banks, letting them join the dash for profit, while running down the capacity of public services, including health.”

https://www.theguardian.com/business/2024/mar/09/the-us-could-be-facing-a-2008-style-financial-crisis-why-does-sunak-want-to-copy-it


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“Capacity crunch on National Grid is delaying new homes in UK by years…

“Those hoping to build new wind turbines, solar farms or micro-hydroelectric schemes face even longer waits [than four years] after a deluge of new connection requests, many of them from speculative schemes.”

https://www.theguardian.com/society/2024/mar/10/capacity-crunch-on-national-grid-is-delaying-new-homes-in-uk-by-years


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“Decision over first mini-nuke sites delayed amid legal action fears [UK].

“Great British Nuclear (GBN) has delayed a decision on where the first mini-nuclear reactors will be built until after the next election, following concerns that losers of a design contest may otherwise threaten to sue. ”

https://www.telegraph.co.uk/business/2024/03/10/mini-nuke-sites-decision-delayed-legal-fears/


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“Germany Begins Felling 120,000 Trees From ‘Fairy Tale’ Forest to Make Way for Wind Turbines…

“Work has started on the clearing of up to 120,000 trees in the forest, the setting for many of the Brothers Grimm mythical stories, to provide access for an initial 18 giant wind turbines around the Sababurg ‘Sleeping Beauty’ castle.”

https://dailysceptic.org/2024/03/08/germany-begins-felling-120000-trees-from-fairy-tale-forest-to-make-way-for-wind-turbines/


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“Gaza war agitates a divided Europe…

“Five months on, the Gaza war continues to complicate European diplomacy, unsettle public opinion and inflame the domestic politics of individual countries. The bitter truth is that there’s not much the EU can do to determine the conflict’s outcome, yet the longer the fighting goes on, the more Europe is exposed to its consequences.”

https://www.ft.com/content/2cb745a9-66e4-4151-a9d5-e71bfb9b5da9


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“Ukraine war is changing the global arms trade.

“France has overtaken Russia on the list of the biggest weapons exporters, a study from the Stockholm International Peace Research Institute has found. The United States has reinforced its global dominance in arms sales.”

https://www.dw.com/en/how-the-ukraine-war-is-changing-the-global-arms-trade/a-68481124


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“Tension and unease for Russians in Finland amid border shutdown…

“In mid-December, Finland closed all eight of its border crossings with its eastern neighbor, including the one in Imatra, over the arrival of around 1,300 asylum seekers and undocumented migrants since August. Finnish authorities accuse the Kremlin of encouraging the asylum seekers to cross their shared frontier in a destabilization ploy…”

https://www.themoscowtimes.com/2024/03/08/tension-and-unease-for-russians-in-finland-amid-border-shutdown-a84386


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“Armenia considering applying for EU membership amid growing tensions with Russia.

“Armenia is considering applying for membership in the European Union, aiming to strengthen ties with Western countries amid growing tensions with Russia, Armenia’s Foreign Minister Ararat Mirzoyan revealed in an interview.”

https://www.yahoo.com/news/armenia-considering-applying-eu-membership-015015564.html


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“Philippines strikes security deals as tensions rise with China at sea…

“While the deepening Philippine alliance with the United States — which includes granting the U.S. military expanded access to Philippine military bases — has drawn much attention, Manila’s security campaign goes beyond Washington.”

https://www.washingtonpost.com/world/2024/03/09/philippines-south-china-sea-security/


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“China believes that India’s move to add more troops at their disputed border is “not conducive to easing tensions”, a foreign ministry spokesperson said on Friday.

“India has freed up a contingent of 10,000 soldiers, previously deployed at its western border, to strengthen its disputed border with China, according to several media reports.”

https://www.reuters.com/world/more-indian-troops-border-wont-ease-tensions-says-china-foreign-ministry-2024-03-08/


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“Diplomats fear growing power of Iranian factions that want nuclear weapons.

“There are growing fears among diplomats in the US and Europe that Iran’s largely unmonitored nuclear programme and the destabilisation caused by the Gaza conflict are strengthening the hand of Iranian factions that back the development of nuclear weapons.”

https://www.theguardian.com/world/2024/mar/10/diplomats-fear-growing-power-of-iranian-factions-that-want-nuclear-weapons


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“U.S. and UK, French military shoot down Houthi drones after attack on bulk carrier, destroyers.

“U.S., French and British forces downed dozens of drones in the Red Sea area overnight and on Saturday after Yemen’s Iran-aligned Houthis targeted bulk carrier Propel Fortune and U.S. destroyers in the region, the U.S. military said in a statement.”

https://www.cnbc.com/2024/03/10/us-uk-french-military-shoot-down-houthi-drones-after-attack-on-bulk-carrier-destroyers.html


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“Lebanon, not Gaza, could trigger regional war as Israel-Hezbollah tension soars.

“As clashes between Hezbollah and Israel intensify despite US mediation efforts, an all-out war between the two sides is no longer a remote possibility. Striking a deal to avert one, however, appears to hinge on reaching a cease-fire in Gaza.”

https://www.al-monitor.com/originals/2024/03/lebanon-not-gaza-could-trigger-regional-war-israel-hezbollah-tension-soars


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“Israeli police fire water cannon at anti-Netanyahu protesters.

“Thousands of Israelis took to the streets on Saturday evening as the anti-Netanyahu protest movement that faded following the Hamas attacks on Oct 7 regained traction. About 10,000 came out in protest in Tel Aviv. Police responded with water cannon…”

https://www.telegraph.co.uk/world-news/2024/03/10/israel-hamas-war-police-fire-water-cannons-anti-netanyahu/


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“US President Joe Biden has said reaching a six-week ceasefire deal in Gaza before the start of Ramadan is “looking tough”.

“His comments come after the US secretary of state, Antony Blinken, said it was up to Hamas to make further progress on the truce. “The ball is in their court,” he said.”

https://news.sky.com/story/ceasefire-deal-in-gaza-before-ramadan-looking-tough-biden-says-after-us-denies-causing-airdrop-deaths-13090405


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“Meet the Gazans rescuing animals despite siege and war…

“As Israel’s war on Gaza continues for its 5th month, Sulala Animal Rescue stands resilient, offering sanctuary to struggling and frightened animals in the besieged territory. Established in 2006, the organisation, now solely upheld by its founder Saeed Al Err and family, champions the cause of the animals affected by the ongoing onslaught.”

https://www.middleeastmonitor.com/20240309-meet-the-gazans-rescuing-animals-despite-siege-and-war/


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“Lions traumatised by war [Sudan] find sanctuary – but for some there is no bite or fight left…

“Lying on the hard desert ground, a lion is reduced to a pile of fur and bones – drained of all the strength and power we associate with the ferocious predator. So emaciated, he is barely even recognisable.”

https://news.sky.com/story/lions-traumatised-by-war-find-sanctuary-but-for-some-there-is-no-bite-or-fight-left-13090009


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“Young Senegalese forced abroad by dual economic and political crises…

“As young people quit Senegal amid mounting economic and political hardship that has seen universities close and jobs dry up, local charities have moved in to stem the exodus by offering practical training aimed at helping vulnerable youth forge a path into the workplace.”

https://ca.news.yahoo.com/young-senegalese-forced-abroad-dual-152624979.html


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“Truckers’ woes worsen as diesel price doubles [Nigeria].

“Nigeria’s rising energy cost and prices of spare parts are threatening haulage business, with operators incurring more losses and struggling to break even. The removal of petrol subsidies and naira devaluation have caused a further surge in prices of vehicle spare parts and diesel, thereby worsening truckers’ woes.”

https://businessday.ng/news/article/truckers-woes-worsen-as-diesel-price-doubles/


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“Brazilian Farmers File for Bankruptcy at a ‘Concerning’ Pace…

“The findings shine a light on a widening problem in Brazil. Bumper crops have been met with falling international prices, hurting profits for growers just as the cost of capital increased due to high interest rates.”

https://www.bloomberg.com/news/articles/2024-03-07/brazilian-farmers-file-for-bankruptcy-at-a-concerning-pace


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“Ecuador extends its state of emergency by 30 days.

“Ecuadorean President Daniel Noboa has extended a state of emergency in the South American country by 30 days, as his administration grapples with rising violence blamed on drug trafficking gangs.”

https://www.nbcnews.com/news/world/ecuador-extends-state-emergency-30-days-rcna142431


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“Haiti spirals to collapse as gangs tighten grip.

“Haiti is fast descending into anarchy. Over the weekend, the violence in the capital Port-au-Prince ramped up once again. Heavily armed gangs attacked the National Palace and set part of the Interior Ministry on fire with petrol bombs.”

https://www.bbc.co.uk/news/world-latin-america-68531759


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“Dealmaking slowdown leaves private equity with record unsold assets…

“Private equity groups globally are sitting on a record 28,000 unsold companies worth more than $3tn, as a sharp slowdown in dealmaking creates a crunch for investors looking to sell assets… Private equity’s need for liquidity — to pay out investors that want to exit — is difficult to meet when assets are hard to sell.”

https://www.ft.com/content/e33b0bcb-3ee4-4e11-9c42-f78193f90e04


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“World’s Negative Interest Rate Experiment Nears Its End in Japan…

“The Bank of Japan is widely expected to scrap the world’s last negative interest rate in the coming weeks, marking the closing act of global central banks’ grand experiment with unorthodox policies.”

https://www.bloomberg.com/news/articles/2024-03-11/world-s-negative-interest-rate-experiment-nears-its-end-in-japan


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

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