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.

  • Facebook
  • Twitter
“Kremlin says Russia and NATO are now in “direct confrontation”…

“Kremlin spokesman Dmitry Peskov told reporters: “In fact, relations have now slipped to the level of direct confrontation. NATO was “already involved in the conflict surrounding Ukraine (and) continues to move towards our borders and expand its military infrastructure towards our borders”, he said.”

https://www.reuters.com/world/russia-nato-relations-level-direct-confrontation-kremlin-says-2024-04-04/


  • Facebook
  • Twitter
“US Secretary of State Blinken says Ukraine will be NATO member…

“”Ukraine will become a member of NATO. Our purpose at the summit is to help build a bridge to that membership,” Blinken told reporters in Brussels.”

https://www.reuters.com/world/europe/us-secretary-state-blinken-says-ukraine-will-be-nato-member-2024-04-04/


  • Facebook
  • Twitter
“Germany announces reforms of Bundeswehr to get ‘ready for war’…

“To bring Germany’s ailing armed forces back on track, the government is reorganising its operative command and making cyber and IT a full-fledged military branch on par with the navy, air force and ground forces, Defence Minister Boris Pistorius announced on Thursday…”

https://www.euractiv.com/section/politics/news/germany-announces-reforms-of-bundeswehr-to-get-ready-for-war/


  • Facebook
  • Twitter
“‘We have moved from a post-war to a pre-war world’: [UK] Defence Secretary Grant Shapps issues chilling warning to NATO allies…

“Grant Shapps has delivered a stark warning that we have ‘moved from a post-war to a pre-war world’ amid the threat posed by Russia, China, Iran and North Korea… He called on Britain’s NATO allies to ‘do more to pay their way’…”

https://www.dailymail.co.uk/news/article-13271107/Grant-Shapps-warns-moved-post-war-pre-war-world-Defence-Secretary-tells-NATO-allies-not-meeting-2-defence-spending-target-playing-Russian-roulette-Wests-security.html


  • Facebook
  • Twitter
“Sunak hints that UK could leave European Court of Human Rights if Rwanda plan blocked…

“Controlling immigration is more important than “membership of a foreign court”, the Prime Minister has said in his strongest hint yet that he could back leaving the European Convention on Human Rights (ECHR).”

https://www.independent.co.uk/news/uk/politics/sunak-echr-rwanda-human-rights-b2523025.html


  • Facebook
  • Twitter
“Fate of Thames Water to be decided by Chinese banks. Revelation comes amid concerns over foreign involvement in British infrastructure…

“Ministers will be concerned that the future of a critical piece of British infrastructure is likely to be determined by foreign players because it reduces the leverage that they and the regulator have over proceedings.”

https://www.telegraph.co.uk/business/2024/04/04/chinese-state-backed-banks-determine-fate-thames-water/


  • Facebook
  • Twitter
“Euro-Area Banking Stocks Are The Most Overbought In History…

“The relative strength index of the Euro Stoxx Banks benchmark rose to 90 on Thursday, far above the level of 70 that some technical analysts see as a signal that an asset has risen too far, too fast.”

https://www.bloomberg.com/news/articles/2024-04-04/euro-area-banking-stocks-are-the-most-overbought-in-history


  • Facebook
  • Twitter
“German Banks Saw Soured Property Loans Surge in Fourth Quarter…

“German banks saw a jump in customers struggling to pay back commercial property loans in the fourth quarter, as the sector faces higher interest rates and shifts in consumer behavior exacerbated by the pandemic.”

https://www.bloomberg.com/news/articles/2024-04-04/german-banks-saw-soured-property-loans-surge-in-fourth-quarter


  • Facebook
  • Twitter
“Italy’s state-backed loans pose restructuring headache…

“Dealing with the extensive loan guarantees Italy provided to help businesses through the COVID-19 pandemic and energy crisis is proving complex, hampering efforts to fix some companies’ debt problems, restructuring experts said.”

https://www.reuters.com/markets/europe/italys-state-backed-loans-pose-restructuring-headache-2024-04-04/


  • Facebook
  • Twitter
“Is Europe’s energy crisis over? Falling gas prices conceal wider problems…

““Is the energy crisis over? No,” says Tomas Marzec-Manser, head of gas analytics at the data provider ICIS. “I would say that we’re managing the crisis. But the wider economic picture has become its own beast.””

https://www.theguardian.com/business/2024/apr/04/is-europes-energy-crisis-over-falling-gas-prices-conceal-wider-problems


  • Facebook
  • Twitter
“Chile Port Workers Stage Protests, Threatening Commodity Exports…

“Chilean port workers staged protests on Thursday, disrupting the loading and unloading of ships in one of the biggest exporters of raw materials from copper and lithium to pulp and fruit.”

https://www.bloomberg.com/news/articles/2024-04-04/chile-port-workers-stage-protests-threatening-commodity-exports


  • Facebook
  • Twitter
“Argentina’s Milei takes his chainsaw to the state, cutting 15,000 jobs and spurring protests…

“Argentina said Wednesday that it had cut 15,000 state jobs… the latest in a series of painful economic measures that have put the libertarian government on a collision course with angry protestors and powerful trade unions.”

https://www.independent.co.uk/news/ap-buenos-aires-argentina-police-b2522942.html


  • Facebook
  • Twitter
“US denies secret bases in Venezuela-Guyana border row…

“Maduro on Wednesday alleged secret US military bases in Essequibo, calling them an “aggression” and saying they were built “to prepare for an escalation against Venezuela.””

https://www.firstpost.com/world/us-denies-secret-bases-in-venezuela-guyana-border-row-13756377.html


  • Facebook
  • Twitter
“Zimbabwe to launch ‘gold-backed’ currency to replace collapsing dollar…

“President Emmerson Mnangagwa’s… said after a tour of the central bank vaults that the southern African nation had sufficient gold to support the new “structured currency”, although analysts questioned the adequacy of these assets.”

https://www.ft.com/content/0de75e8f-40c8-4eb7-9d40-282cfd81e3bc


  • Facebook
  • Twitter
“Sudan charges former PM, anti-war leaders with serious crimes…

“The Public Prosecution in Sudan filed criminal cases on Wednesday against former Prime Minister Abdallah Hamdok, head of Tagadum and several leading members of the anti-war coalition. The charges, linked to the ongoing conflict, could carry the death penalty.”

https://sudantribune.com/article284061/


  • Facebook
  • Twitter
“Ethiopia’s army accused of committing war crimes in Amhara region…

“Ethiopia’s army “summarily executed several dozen civilians” and committed other war crimes in the northwestern Amhara region earlier this year, Human Rights Watch (HRW) has said, as it called on the United Nations to launch an independent investigation.”

https://www.aljazeera.com/news/2024/4/4/ethiopias-army-accused-of-committing-war-crimes-in-amhara-region


  • Facebook
  • Twitter
“Somalia orders Ethiopia’s ambassador to leave the country as diplomatic tensions rise.

“Somalia has ordered Ethiopia’s ambassador to leave the country within 72 hours, and the closing of Ethiopia’s consulates in the breakaway region of Somaliland and the semiautonomous region of Puntland.”

https://abcnews.go.com/International/wireStory/somalia-orders-ethiopias-ambassador-leave-country-diplomatic-tensions-108850355


  • Facebook
  • Twitter
“New sanctions hit remittances, adding to economic hardships in Yemen…

“Months after the start of new US sanctions targeting Yemen’s Houthi movement, ordinary Yemenis say they are struggling to access money transfers from outside the country…”

https://www.thenewhumanitarian.org/news-feature/2024/04/03/new-sanctions-hit-remittances-adding-economic-hardships-yemen


  • Facebook
  • Twitter
“US May Revoke Houthi Terrorist Label If They Stop Red Sea Ship Attacks…

“Asked by Bloomberg News after the briefing if the US was offering the Houthis a quid pro quo to end their attacks on ships in return for revoking the designation, Lenderking said: “We would certainly study that but not assume it’s an automatic thing.””

https://www.bloomberg.com/news/articles/2024-04-03/us-may-revoke-houthi-terrorist-label-if-they-stop-red-sea-ship-attacks


  • Facebook
  • Twitter
“U.S. approved more bombs to Israel on day of World Central Kitchen strikes…

“The transaction demonstrates the administration’s determination to continue its flow of lethal weaponry to Israel despite Monday’s high-profile killings and growing calls for the United States to condition such support on greater protection for civilians in the war zone.”

https://www.washingtonpost.com/national-security/2024/04/04/world-central-kitchen-us-weapons-israel/


  • Facebook
  • Twitter
“‘The machine did it coldly’: Israel used AI to identify 37,000 Hamas targets…

“The Israeli military’s bombing campaign in Gaza used a previously undisclosed AI-powered database that at one stage identified 37,000 potential targets based on their apparent links to Hamas, according to intelligence sources involved in the war.”

https://www.theguardian.com/world/2024/apr/03/israel-gaza-ai-database-hamas-airstrikes


  • Facebook
  • Twitter
“Israel on high alert after Iran’s missile retaliation threat.

“Israel has suspended leave for combat units and heightened its air defence command to deal with possible missile or drone attack from Iran following the killing this week in an airstrike of senior Revolutionary Guard commanders in Syria.”

https://www.theguardian.com/world/2024/apr/04/israel-on-high-alert-after-iran-missile-retaliation-threat


  • Facebook
  • Twitter
“How Hezbollah attacks displace 60,000 Israelis, six months on…

“From a temporary seaside abode in northern Israel, Shay and Reut Hanegbi can hear the explosions when missiles are fired from Lebanon towards their hometown on the border, only four miles (6 km) away. They are among around 60,000 Israelis still uprooted…”

https://www.reuters.com/world/middle-east/six-months-hezbollah-fire-keeps-uprooted-israelis-limbo-2024-04-04/


  • Facebook
  • Twitter
“One tiny mistake could turn Cyprus into a new Gaza…

“Turkey will not accept a one-state solution for Cyprus and a “little flare-up” on the divided island could spark a conflict similar to those in Gaza and Ukraine, the leader of the breakaway north has warned ahead of a meeting with the head of the UN.”

https://www.telegraph.co.uk/world-news/2024/04/04/turkey-cyprus-ersin-tatar-trnc-gaza-war/


  • Facebook
  • Twitter
“Turkey reinstates pro-Kurdish election winner Zeydan after days of unrest in Van…

“Abdullah Zeydan won the mayoral elections in the eastern province of Van with more than 55% of the vote. But election officials handed victory to a man standing for President Recep Tayyip Erdogan’s AK Party with less than half his vote. Their decision led to protests and clashes across south-eastern Turkey.”

https://www.bbc.co.uk/news/world-europe-68730330


  • Facebook
  • Twitter
“Blinken warns Azerbaijan over Armenia tensions…

“Blinken “underscored that there is no justification for increased tension on the border and cautioned that aggressive actions and rhetoric from any side would undermine prospects for peace,” State Department spokesman Matthew Miller said in a statement.”

https://www.euractiv.com/section/global-europe/news/blinken-warns-azerbaijan-over-armenia-tensions/


  • Facebook
  • Twitter
“Iran: Nearly 30 killed in militant bid to seize Islamic Revolutionary Guard Corps bases in southeast.

“Anti-regime militants launched two coordinated attacks on military bases in Iran’s restive southeast late on Wednesday, resulting in fatalities among both security forces and attackers, state media reported.”

https://english.alarabiya.net/News/middle-east/2024/04/04/three-security-personnel-killed-in-terror-attack-in-iran-state-media


  • Facebook
  • Twitter
“Indian government ordered killings in Pakistan, intelligence officials claim…

“The Indian government assassinated individuals in Pakistan as part of a wider strategy to eliminate terrorists living on foreign soil, according to Indian and Pakistani intelligence operatives who spoke to the Guardian.”

https://www.theguardian.com/world/2024/apr/04/indian-government-assassination-allegations-pakistan-intelligence-officials


  • Facebook
  • Twitter
“Myanmar’s military-ruled capital attacked by drones…

“The National Unity Government (NUG) – which calls itself the government in exile – said it deployed 29 drones armed with explosives to the airport, air force base and army headquarters… The NUG represents the elected civilian government previously led by Aung San Suu Kyi, which was toppled in a coup in 2021.”

https://www.bbc.co.uk/news/world-asia-68730993


  • Facebook
  • Twitter
“Oil tops $90 and stocks tumble as geopolitical tensions jolt markets.

“The global benchmark oil price has topped $90 a barrel for the first time since October as flaring tensions in the Middle East exacerbate an already-tight market… Prices have blown through analysts’ median forecast of $83 a barrel for this quarter, according to Bloomberg data.”

https://www.ft.com/content/55d9fde4-3add-4ff1-9112-d6b4df4cc6af


  • Facebook
  • Twitter
“Solar power beamed to Earth from space could happen within decade…

“Space Solar, based in Belfast, has demonstrated the world’s first 360-degree wireless power transmission – an important milestone of the technology, which could bring limitless green energy.”

https://www.telegraph.co.uk/news/2024/04/05/solar-power-beamed-space-earth-renewable-energy/


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

If you found value in this content, please help me continue this work by becoming a patron of my work via Patreon. And if you are already a subscriber or have donated – thank you!

Share This

Share this post with your friends!