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 $27 Trillion Treasury Market Is Only Getting Bigger…

“The Treasury market has grown more than 60% to $27 trillion since the end of 2019. It is roughly sixfold larger than before the 2008-09 financial crisis. “Running a nearly $2 trillion deficit during a peacetime economic expansion—that’s a lot of bonds for the market to absorb,” said Stephen Miran…

“…if the mounting pile of debt isn’t addressed, investors will be left with permanently higher bond yields. The prospect of inflation—from wars, expansionary fiscal policy, deglobalization and immigration—points to rates staying higher than before the pandemic.”

https://www.wsj.com/finance/the-27-trillion-treasury-market-is-only-getting-bigger-a9a9d170


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“Treasury warned glut of debt risks market malfunction [UK]…

“Treasury officials have been warned that waning demand for long-term gilts leaves the UK in danger of repeating the market chaos seen in the wake of the mini-budget… City figures fear that supply will outstrip demand within the next 18 months as the Government prepares to issue historic amounts of debt and as seismic changes in the pension industry turn retirement funds from buyers to sellers.”

https://www.telegraph.co.uk/business/2024/03/23/treasury-warned-debt-risks-mini-budget-market-malfunction/


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“UK housing is ‘worst value for money’ of any advanced economy, says thinktank…

““When it comes to housing, UK households are getting an inferior product in terms of both quantity and quality,” the thinktank said. The Foundation’s housing outlook used OECD data to compare the UK’s housing issues with other similar economies.”

https://www.theguardian.com/society/2024/mar/25/uk-housing-is-worst-value-for-money-of-any-advanced-economy-says-thinktank


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“UK Farmers warn of food shortages as green schemes take land out of use.

“With egg shortages already a familiar sight on supermarket shelves, farmers are warning that vegetables and grains could be next, as environmental schemes take large areas of land out of use for food production.”

https://www.thetimes.co.uk/article/farmers-food-shortages-green-schemes-protests-0j6hwlsg9


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“Oil rises as heightened geopolitical risks exacerbate supply concerns…

“Oil prices rose in early Asian trading on Monday on concerns over tighter global supply brought about by escalating conflicts in the Middle East and between Russia and Ukraine, while a shrinking U.S. rig count added to upward price pressure.”

https://www.reuters.com/markets/commodities/oil-rises-heightened-geopolitical-risks-exacerbate-supply-concerns-2024-03-25/


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“Poland demands explanation from Russia after a missile enters its airspace during attack on Ukraine.

“Poland demanded an explanation from Russia on Sunday after one of its missiles strayed briefly into Polish airspace during a major missile attack on Ukraine, prompting the NATO member to activate F-16 fighter jets.”

https://apnews.com/article/russia-ukraine-missile-airspace-violation-c9d2511f169e9f80a08082726c118114


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“WWI Also Started as a Local Conflict, Warns Viktor Orbán…

“I feel as if I have arrived in another galaxy,” the Prime Minister said of the warlike atmosphere in Brussels. They are in a spiral of war, which is getting worse, and there is now talk of stationing troops in Ukraine. This is shocking to the Hungarian ear.””

https://hungarytoday.hu/ww-i-also-started-as-a-local-conflict-warns-viktor-orban/


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“Baltic leaders urge Nato members to bring back conscription…

“Edgars Rinkēvičs, Latvia’s head of state, told the Financial Times that European countries needed to return to “cold war-era spending” levels and should discuss the return of compulsory military service to boost defence forces’ manpower.”

https://www.ft.com/content/aa03ef7f-7c09-4c8c-b78e-8e3d892dfb14


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“How Moscow terror attack fits ISIS-K strategy to widen agenda, take fight to its perceived enemies…

“Being linked to a high-profile attack in a major city far from its base in Afghanistan indicates that ISIS-K can extend its operational reach either directly or through collaboration with like-minded militant factions.”

https://theconversation.com/how-moscow-terror-attack-fits-isis-k-strategy-to-widen-agenda-take-fight-to-its-perceived-enemies-226469


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“Islamic State ‘recruiting from Tajikistan and other central Asian countries’…

“Intelligence shared in a recent United Nations report into the activities of IS reveals that over the last 12 months, the group’s local affiliate in Afghanistan had succeeded in recruiting leading militants from Jamaat Ansarullah, a veteran Tajikistan extremist Islamist group, as well as others in central Asia.”

https://www.theguardian.com/world/2024/mar/24/islamic-state-recruiting-militants-from-tajikistan-and-other-central-asian-countries


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“Protesters Block Major Border Crossing Between Afghanistan And Pakistan…

“Protesters in Pakistan have blocked a major border crossing with neighboring Afghanistan to protest against Islamabad’s refusal to allow document-free travel, which has hit traders and the local economy on both sides hard.”

https://www.rferl.org/a/pakistan-border-afghanistan-protest-restrictions/32692454.html


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“India is taking another step in its quest to find valuable minerals hidden in the depths of the ocean which could hold the key to a cleaner future.

“The country, which already has two deep-sea exploration licences in the Indian Ocean, has applied for two more amid increasing competition between major global powers to secure critical minerals.”

https://www.bbc.co.uk/news/world-asia-india-68613351


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“The US sees seabed mining as its next flashpoint with China…

“US interest in deep sea mining is growing. The Metals Company (TMC), an ISA mining contractor, has been lobbying US politicians, some of whom are in turn framing deep sea mining as necessary to reduce reliance on China for critical minerals.”

https://www.bloomberg.com/news/articles/2024-03-22/the-us-sees-seabed-mining-as-its-next-flashpoint-with-china


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“China blocks use of Intel and AMD chips in government computers…

“China has introduced new guidelines that will mean U.S. microprocessors from Intel and AMD are phased out of government PCs and servers, as Beijing ramps up a campaign to replace foreign technology with homegrown solutions.”

https://asia.nikkei.com/Politics/International-relations/US-China-tensions/China-blocks-use-of-Intel-and-AMD-chips-in-government-computers


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“After clash, China warns Philippines over escalation in South China Sea…

“China’s Defense Ministry on Sunday warned the Philippines to halt actions that “could escalate the situation” in the disputed South China Sea, a day after Manila accused Beijing of severely damaging a vessel and injuring its crew with water cannons during a resupply mission to a military outpost.”

https://www.japantimes.co.jp/news/2024/03/24/asia-pacific/politics/china-philippines-south-china-sea-escalation/


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“Japan And U.S. Will Deepen Military Ties As Tensions With China Rise…

“The U.S. and Japan will sign a new security agreement next month, the Financial Times first reported, marking the first time the two nations have restructured their alliance since 1960 as tensions rise between China and Taiwan, and North Korea continues military exercises and missile tests…”

https://www.forbes.com/sites/zacharyfolk/2024/03/24/japan-and-us-will-deepen-military-ties-as-tensions-with-china-rise/


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“Inside a Top-Secret U.S. Military Bunker as North Korea Tensions Rise.

“WSJ’s Timothy Martin goes inside an underground bunker complex where operations of U.S. and South Korean forces would be centralized during a war with the Kim Jong Un regime.”

https://www.msn.com/en-us/news/world/inside-a-top-secret-u-s-military-bunker-as-north-korea-tensions-rise/vi-BB1kt1qJ


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“Argentines march on 1976 coup anniversary, show anger over Milei ‘revisionism’.

“Tens of thousands of Argentines took to the streets Sunday to mark the anniversary of the 1976 coup that brought an era of military dictatorship, whose bloody death toll has been disputed by the country’s controversial new president, Javier Milei.”

https://www.france24.com/en/live-news/20240324-mass-argentina-march-on-coup-anniversary-as-milei-questions-toll


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“Tensions between Venezuela and Guyana Escalate…

“Venezuela’s parliament has given the green light to establish a new state in the contentious and oil-rich Essequibo region, situated across the border in Guyana. This move has drawn strong criticism from Guyana, which denounces it as a blatant infringement on its sovereignty.”

https://edition.channel5belize.com/tensions-between-venezuela-and-guyana-escalate/


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“Rationed food kept Cubans fed during the Cold War. Today an economic crisis has them hungry.

“The “libreta,” as Cubans know it, was launched in July 1963 and became one of the pillars of the island’s socialist system, helping people through crises including the cutbacks in Soviet aid that led to the 1990s deprivation known as the “Special Period.””

https://apnews.com/article/cuba-food-subsidies-libreta-crisis-00f7a5b352514dd4449b99bb0d645384


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“Economic crisis: Triple blow for Nigerian families.

“In addition to the climbing food prices, Nigerians are faced with hikes in school fees even ahead of a new term and over 60 percent increment in house rent. Nigeria’s inflation rate accelerated to 31.70 percent in February, driven by increasing food prices that have triggered a cost-of-living crisis.”

https://businessday.ng/news/article/economic-crisis-triple-blow-for-nigerian-families/


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“Intense fighting between rebels and Congolese army sparks fear of regional war.

“As armed rebels close in on Goma, hospitals are overwhelmed and hundreds of thousands civilians have been displaced. Now, there are fears of a wider regional conflict.”

https://www.pbs.org/newshour/show/intense-fighting-between-rebels-and-congolese-army-sparks-fear-of-regional-war


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“Libya to investigate claims oil smuggling is fuelling Sudan civil war.

“Libyan authorities have said they will investigate allegations of wholesale mismanagement in the country’s National Oil Corporation, with officials telling the Guardian rampant smuggling is helping to fuel the civil war in Sudan.”

https://www.theguardian.com/world/2024/mar/25/libya-to-investigate-claims-oil-smuggling-is-fuelling-sudan-civil-war


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“Tunisians struggle to keep Ramadan spirit as economic crisis persists.

““Ramadan has lost its taste,” say most people on the street. Traditions such as big family and friends gatherings have mostly stopped because of the worsening economic situation.”

https://www.thenationalnews.com/mena/tunisia/2024/03/23/tunisians-struggle-to-keep-ramadan-spirit-as-economic-crisis-persists/


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“Egypt’s $50 Billion Rescue Betrays Depth of Its Economic Crisis…

“for many in Cairo the international intervention in recent weeks exceeding more than $50 billion lays bare just how far the biggest Arab nation has fallen. An economic crisis that has been building for years has now reached a tipping point with war next door in Gaza…”

https://www.bloomberg.com/news/features/2024-03-25/egypt-uae-imf-rescue-betrays-depth-of-economic-crisis


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“Tale of two Lebanons: après-ski champagne flows, while 80% live in poverty.

“Lebanon has always had ostentatious wealth and stark inequality. But the gap has never been so jarring. Since 2019, the currency has lost over 95 per cent of its value, life savings and generational wealth have disappeared, child labour has hit record levels and the middle class has been obliterated.”

https://www.thetimes.co.uk/article/lebanon-apres-ski-wild-80-percent-poverty-inequality-6ccvhjdzc


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“‘There will be no day after’: hopes fade to end war in shattered, traumatised Gaza…

“Among Israelis, Palestinians and across the Middle East, a slow and painful realisation is gaining ground. Almost six months after the surprise attacks by Hamas that triggered the war in Gaza, it is now becoming clear that there will be no “day after”.”

https://www.theguardian.com/world/2024/mar/23/there-will-be-no-day-after-hopes-fade-to-end-war-in-shattered-traumatised-gaza


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“Somali Pirates Have Escalated The Global Shipping Crisis…

“Unfortunately, the distraction provided by the Red Sea attacks has allowed several hitherto dormant piracy hotspots to spring back to life. To wit, pirate attacks on ships sailing along the Somali coast have spiked…”

https://oilprice.com/Geopolitics/Asia/Somali-Pirates-Have-Escalated-The-Global-Shipping-Crisis.html


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“Aramco CEO Nasser Says Energy Transition Is ‘Visibly Failing’…

“Saudi Aramco Chief Executive Officer Amin Nasser said the global energy transition is “visibly failing” on most fronts as proponents overlook the impacts on consumers dependent on cheap, reliable fuels… Nasser lamented the way the oil industry has been painted as the transition’s “arch enemy.””

https://www.bloomberg.com/news/articles/2024-03-18/aramco-ceo-nasser-says-energy-transition-is-visibly-failing


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“Bases, experiments, mining: the race to protect the surface of the moon…

“Lunar pits that serve as skylights lead down to lava tubes big enough to house moon bases that would be naturally shielded from space radiation by overhanging rock. Deep craters at the lunar poles harbour ice deposits, a source of precious water, oxygen and hydrogen.”

https://www.theguardian.com/science/2024/mar/25/bases-experiments-mining-the-race-to-protect-the-surface-of-the-moon


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

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