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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“Is the decline in global piracy over?

“Global piracy and armed robbery incidents increased by 4% in 2023 compared to 2022, according to the International Maritime Bureau’s Piracy Reporting Centre (IMB PRC). While this does not appear to be a substantial overall change, a closer look at the figures reveals some alarming trends.”

https://www.hellenicshippingnews.com/is-the-decline-in-global-piracy-over/


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“Conflicts push global military expenditure in 2023 to ‘all-time high’…

“”Total military spending is at an all time high … and for the first time since 2009, we saw spending increase across all five geographical regions,” Nan Tian, a senior researcher at SIPRI, told AFP… “It’s a reflection of the deterioration of peace and security around the world. There’s really not a region in the world where things have gotten better,” Tian said.”

https://www.france24.com/en/europe/20240421-conflicts-push-global-military-expenditure-in-2023-to-an-all-time-high


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“We are closer to nuclear disaster today than at any point in the Cold War.

“The great battle of the last century was between ideologies that could understand one another. There is no common ground now… A generation on, where are we? In a volatile, anarchic void where the great superpower stand-off has given way to regional conflicts which threaten to explode in uncontainable ways.”

https://www.telegraph.co.uk/news/2024/04/20/iran-israel-russia-ukraine-nuclear-war-britain/


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“The Second Cold War Is Escalating Faster Than the First…

“Then, as now, cold war has an ideological dimension: at least some Republicans are back to talking about defending freedom. To Putin and Xi, that is just code for CIA-backed “color revolutions.” Then, as now, cold war is a technological race… Then, as now, cold war is inflationary and domestically divisive.”

https://www.bloomberg.com/opinion/articles/2024-04-21/china-russia-iran-axis-is-bad-news-for-trump-and-gop-isolationists


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“Most difficult global outlook since 1930s heralds end of US-led world order…

“The pre-first world war era of globalisation fell apart as a result of war, a pandemic, inflation and protectionism. Little by little, history is repeating itself.”

https://www.theguardian.com/business/2024/apr/21/most-difficult-global-outlook-for-a-century-heralds-end-of-us-led-world-order-imf


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“Welcome to the jungle – the new Cold War era of investing is upon us…

“The Stock Market Sceptic: deglobalisation and rearmament will reshape the economy… The inflationary nature of war and the attractiveness of “outside” money means that gold – and its more volatile peer silver – should replace government bonds as a portfolio risk diversifier.”

https://www.telegraph.co.uk/money/investing/how-profit-from-new-cold-war/


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“‘Priced to Perfection’ Starts to Unravel as Debt Markets Get Jitters…

“Credit investors got a dose of economic and geopolitical reality this week as hawkish comments from central bank officials about borrowing costs and tensions in the Middle East sent jitters through debt markets… The return of the higher-for-longer mantra is a headache…”

https://www.bloomberg.com/news/articles/2024-04-20/debt-markets-get-the-jitters-as-middle-east-tensions-send-oil-higher


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“US-China trade war ramping up: China slaps a 43% tariff on widely-used US chemical…

“ICYMI from Friday, a Chinese Ministry Of Commerce statement had a new impost on US goods. China has hit imports of propionic acid from the United States with a levy of 43.5%. The chemical is widely used in food, feed, pesticides and medical fields.”

https://www.forexlive.com/news/us-china-trade-war-ramping-up-china-slaps-a-43-tariff-on-widely-used-us-chemical-20240421/


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“Pharma groups warn of supply crunch over China spying law.

“Western pharmaceutical groups are warning of worsening disruption to supply chains because of problems certifying manufacturing sites in China, with some factory inspectors refusing to visit the country over fears of arrest for spying and others denied entry to facilities.”

https://www.ft.com/content/1d52d75f-5b54-4c27-bdd4-65409f64c64a


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“Senate Passes Spying Bill, Rejecting Privacy Concerns.

“The Senate passed legislation early Saturday renewing a controversial foreign spying power, prevailing over objections from privacy advocates who warned the measure could lead to a dramatic expansion of government surveillance on Americans.”

https://www.wsj.com/politics/national-security/senate-passes-fisa-spying-bill-882e7df4


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“Congress passes bill that could unlock billions in frozen Russian assets for Ukraine…

“The REPO Act, which would authorize Biden to confiscate the frozen Russian assets in U.S. banks and transfer them to a special fund for Ukraine, is part of the foreign aid package that was stalled for months in the House.”

https://www.nbcnews.com/news/world/house-vote-billions-dollars-russian-government-money-sitting-us-banks-rcna148671


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“Ukraine is the front line of a much larger conflict…

“As these four autocracies [Russia, China, Iran and North Korea] pull closer together, so America’s democratic allies are also tightening their links. In Washington, the US and Japan recently announced a raft of new agreements that will take their security partnership to a new level. South Korea is also a major supplier of weapons for Ukraine.”

https://www.ft.com/content/442f68c0-9851-45d7-ae66-ed6ebf1e83c0


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“Russia said on Sunday U.S. lawmakers’ support for $60.84 billion more in aid for Ukraine showed that Washington was wading much deeper into a hybrid war against Moscow that would end in humiliation on a par with the Vietnam or Afghanistan conflicts…

“Russia, said Foreign Ministry spokeswoman Maria Zakharova, will give “an unconditional and resolute response” to the U.S. move to get more involved in the Ukraine war.”

https://www.reuters.com/world/europe/russia-says-deeper-us-hybrid-war-using-ukraine-will-end-vietnam-style-2024-04-21/


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“Szijjarto [Hungary’s Foreign Minister]: EU, NATO ‘preparing for world war’.

“Peter Szijjarto said that European and North Atlantic leaders “are suffering from war psychosis and feel they are at war with Russia”. The greatest difference between that approach and Hungary’s is that “we don’t think the events in Ukraine are our war,” he added.”

https://www.budapesttimes.hu/world/szijjarto-eu-nato-preparing-for-world-war/


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“Balkan clouds over EU enlargement. Friction between Bulgaria and North Macedonia may be about to take a turn for the worse…

“In short, Bulgaria and North Macedonia may soon be even more at loggerheads on one of the core issues that needs to be resolved in order to advance EU enlargement.”

https://www.ft.com/content/ae1d35e3-e60f-4b9d-ae99-36272d1988d3


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“North Kosovo Serbs boycott referendum on removing ethnic Albanian mayors…

“Most Serbs in volatile north Kosovo boycotted a local referendum on Sunday on whether to remove ethnic Albanian mayors in four municipalities whose appointment led to violence last year, the country’s election commission said.”

https://www.reuters.com/world/europe/north-kosovo-serbs-boycott-referendum-removing-ethnic-albanian-mayors-2024-04-21/


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“Tens of thousands of people in Spain’s Canary Islands have rallied against a model of mass tourism they say is overwhelming the Atlantic archipelago.

“The protesters want limits on tourist numbers and curbs on what they describe as uncontrolled development harmful for the environment and residents.”

https://www.bbc.co.uk/news/world-europe-68865755


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“Hundreds of thousands of Colombians protest President Petro’s economic, social reforms.

“Hundreds of thousands of people took to the streets of Colombia’s main cities on Sunday to protest against the left-wing government of Gustavo Petro, whose popularity is at an all-time low.”

https://www.france24.com/en/americas/20240421-tens-of-thousands-of-colombians-protest-president-petro-s-economic-social-reforms


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“North Korea fired a ballistic missile on Monday towards the sea off its east coast, South Korea’s military said.

“A Japanese government alert and its coast guard also said North Korea had fired what appeared to be a ballistic missile. The projectile appeared to have landed outside Japan’s exclusive economic zone area, the NHK broadcaster said.”

https://www.reuters.com/world/asia-pacific/north-korea-fires-missile-off-east-coast-south-korea-japan-say-2024-04-22/


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“Fighting rages at Myanmar’s border with Thailand as rebels target junta troops.

“Resistance fighters and ethnic minority rebels seized the key trading town of Myawaddy on the Myanmar side of the frontier on 11 April, a blow to a well-equipped military struggling to govern and facing a test of battlefield credibility.”

https://www.theguardian.com/world/2024/apr/20/fighting-rages-at-myanmars-border-with-thailand-as-rebels-target-junta-troops


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“Afghanistan faces bleak economic prospects.

“Despite efforts by the Taliban to increase domestic revenues, overall economic activity remained depressed, unemployment remained high, and the banking sector faced challenges due to constraints on international transfers and concerns about liquidity.”

https://www.khaama.com/afghanistan-faces-bleak-economic-prospects-world-bank/


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“Iran’s historical sites being starved of funds during economic crisis

“Iran’s budget to preserve its ancient heritage amounts to a paltry £161 per site and £3,000 per building, a minister has complained. Ali Darabi, the deputy minister for cultural heritage, tourism and handicrafts, said that the country’s historical sites risk falling into total disrepair…”

https://www.telegraph.co.uk/world-news/2024/04/21/iran-historical-sites-starved-funds-during-economic-crisis/


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“Iraq militant group says it is resuming attacks on US forces as base in Syria is targeted.

“An Iraqi militant group has said it will resume attacks on US forces in the country, as it appeared to claim responsibility for a strike on an American military base in north-eastern Syria which saw at least five rockets launched from Iraq’s town of Zummar.”

https://www.theguardian.com/world/2024/apr/21/iraq-rockets-syria-us-military-base


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“Israel is fighting on four fronts – but the defeat may come at home.

““The problem,” Hayman suggested, “is not the IDF; the problem is the home front. The problem is the damage to Israeli society and the resilience of Israeli society. Two fronts is not a military problem. It’s a social, resilience, and home-front defence problem.””

https://www.theguardian.com/world/2024/apr/20/israel-is-fighting-on-four-fronts-but-the-defeat-may-come-at-home


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“Netanyahu furious over US sanctions on army battalion.

“Israeli Prime Minister Benjamin Netanyahu said on Sunday (Monday AEST) he would fight against sanctions being imposed on any Israeli military units for alleged rights violations, after media reports said Washington was planning such a step.”

https://www.afr.com/world/middle-east/netanyahu-furious-over-us-sanctions-on-army-battalion-20240422-p5flo8


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“American troops withdraw from Niger while facing pressure from Chad.

“Washington’s announcement on Friday that it is withdrawing 1,100 soldiers from the Agadez base in Niger marks the loss of a strategic point for intelligence operations on armed groups in the Sahel, coinciding with Russia’s growing influence in the region.”

https://www.lemonde.fr/en/le-monde-africa/article/2024/04/22/american-troops-withdrawing-from-niger-while-facing-pressure-from-chad_6669114_124.html


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“‘Where can you hide from pollution?’: cancer rises 30% in Beirut as diesel generators poison city.

“Lebanon’s economy and electricity system are broken and much power is now generated locally, with devastating effects on air quality and health… Since 2017, the last time AUB took these measurements, the level of carcinogenic pollutants emitted into the atmosphere has doubled across three areas of Beirut.”

https://www.theguardian.com/global-development/2024/apr/22/where-can-you-hide-from-pollution-cancer-rises-30-in-beirut-as-diesel-generators-poison-city


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“Global Climate Goals Still Unreachable Despite Record Renewable Growth.

“Projections show that the sector’s expansion will continue to accelerate, with an anticipated 2.5-fold increase by 2030. While this is a promising trend in the right direction, however, experts say that it’s not enough to reach global climate goals.”

https://oilprice.com/Alternative-Energy/Renewable-Energy/Global-Climate-Goals-Still-Unreachable-Despite-Record-Renewable-Growth.html


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

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