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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“World seeing near breakdown of international law amid wars in Gaza and Ukraine, Amnesty says.

“Amnesty International says the world is seeing a near breakdown of international law amid flagrant rule-breaking in Gaza and Ukraine, multiplying armed conflicts, the rise of authoritarianism and huge rights violations in Sudan, Ethiopia and Myanmar.”

https://abcnews.go.com/International/wireStory/world-breakdown-international-law-amid-wars-gaza-ukraine-109552661


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“The ‘promise of a peaceful world’ eclipsed by the ‘reality of a fragmented world’…

“Amid a fractured world and decades of ‘paralysis’… the UN Security Council struggles to find any common ground among a wide array of geopolitical crises…”

https://www.france24.com/en/video/20240424-the-promise-of-a-peaceful-world-eclipsed-by-the-reality-of-a-fragmented-world


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“Student anti-Israel protests continue to sweep the US, with almost 550 arrests…

“Student protests against Israel’s war in Gaza continue to spread across the US, following last week’s arrest of more than 100 demonstrators at Columbia University… The students want universities to cut ties with companies helping Israel’s war in Gaza and, in some cases, with Israel itself.”

https://news.sky.com/story/student-anti-israel-protests-continue-to-sweep-the-us-with-almost-550-arrests-13123079


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“US stocks fall amid fears of stagflation in the American economy, which grew at its slowest pace in nearly two years just as inflation jumped.

“Shares on Wall Street plummeted as official figures showed US GDP grew less than expected in the first three months of the year.”

https://www.telegraph.co.uk/business/2024/04/25/ftse-100-markets-latest-news-anglo-american-sainsburys/


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“Commodity prices could keep inflation high, warns World Bank…

“The multilateral lender said in a report on Thursday that the sharp decline in commodity prices over the past two years had come to a halt, as geopolitical tensions tighten supplies and demand for industrial metals and those used in the energy transition continues to grow.”

https://www.ft.com/content/769c8c79-312a-49d9-9451-a91e1b4a6faf


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“Russia says it may downgrade ties with US if its assets are confiscated…

“”Lowering the level of diplomatic relations is one of the options, of course. Many high-ranking representatives in our government have already spoken about the issues of our financial, economic and material response to this step, which we are warning our opponents, as before, not to take,” RIA quoted Ryabkov as saying.”

https://www.reuters.com/world/russia-says-it-may-downgrade-ties-with-us-if-its-assets-are-confiscated-2024-04-25/


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“Russia vetoes US-backed UN resolution to ban nuclear weapons in space.

“Russia on Wednesday vetoed a United Nations resolution that proposed a ban on the use of nuclear weapons in outer space amid US intelligence-backed concerns that Moscow is trying to develop a nuclear device capable of destroying satellites.”

https://edition.cnn.com/2024/04/25/world/russia-veto-un-space-nuclear-weapons-intl-hnk/index.html


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“US secretly sent long-range ATACMS weapons to Ukraine… The weapons, which can hit targets as far as 300 kilometres away, have been used twice already…

““The US is directly involved in this conflict. They are following the path of increasing the operating range of the weapon systems they supply,” Kremlin spokesman Dmitry Peskov told reporters.”

https://www.aljazeera.com/news/2024/4/25/us-secretly-sent-long-range-atacms-weapons-to-ukraine


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“Belarus moves troops to border and warns of nuclear ‘apocalypse’…

“Belarus has moved combat-ready troops closer to the border with Poland, President Lukashenko said as he warned that a growing stand-off between his country, its ally Russia and the West could end in nuclear “apocalypse”.”

https://www.thetimes.co.uk/article/belarus-moves-troops-to-border-and-warns-of-nuclear-apocalypse-57vcsvclv


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“Nuclear Tensions Rise as Poland Offers Territory for NATO Warheads…

“Polish President Andrzej Duda declared in a fresh and hugely provocative statement that Poland is “ready” to host nuclear weapons should NATO decide to do so as reinforcement of its eastern flank.”

https://oilprice.com/Energy/Energy-General/Nuclear-Tensions-Rise-as-Poland-Offers-Territory-for-NATO-Warheads.html


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“Kazakhstan’s Oil Flows to Germany Threatened as Russia Demands Transit Fees…

…the Russian pipeline monopoly Transneft has recently told Kazakh suppliers that Polish state pipeline operator PERN has until June to pay for metering services at its Adamowo base on the Polish-Belarussian border, according to Reuters’ trading sources.”

https://oilprice.com/Latest-Energy-News/World-News/Kazakhstans-Oil-Flows-to-Germany-Threatened-as-Russia-Demands-Transit-Fees.html


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“‘Europe could die’: Macron urges stronger defences, economic reforms.

“In the speech lasting nearly two hours, he warned that military, economic and other pressures could weaken and fragment the 27-nation EU… he also said the continent must not become a vassal of the United States. “There is a risk our Europe could die. We are not equipped to face the risks…””

https://www.reuters.com/world/europe/macron-aims-cement-french-influence-eu-lift-party-fortunes-with-landmark-speech-2024-04-25/


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“Pulled real estate deals highest in Europe since global financial crisis, says MSCI…

“Europe’s commercial property sector has been hammered in recent years by a punishing rise in debt costs and tumbling prices, exacerbated by some offices and high streets emptying after the pandemic… Investors globally are rethinking when they expect central banks to start cutting interest rates…”

https://www.investing.com/news/economy/pulled-real-estate-deals-highest-in-europe-since-global-financial-crisis-says-msci-3396600


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“French cities introduce curfew to curb youth violence…

“Two French cities are imposing night-time curfews for children under 13 in a bid to reduce youth violence following a series of recent fatal assaults involving minors. The southern cities of Nice and Beziers introduced the controversial curfews…”

https://www.independent.co.uk/news/world/europe/france-curfew-nice-violence-youth-b2534596.html


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“Great Britain has worst rate of child alcohol consumption in world, report finds.

“Britain has a significant issue with underage alcohol abuse. More than a third of boys (35%) and girls (34%) had drunk alcohol by the age of 11, and by 13, 57% of girls and 50% of boys in England had consumed alcohol – the highest rate included in the analysis.”

https://www.theguardian.com/society/2024/apr/25/uk-has-worst-rate-of-child-alcohol-consumption-in-world-report-finds


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“Scotland is worst in world for teenage boys smoking cannabis…

“Boys in Scotland who are aged 15 have the highest rate of smoking cannabis, according to new data from the World Health Organisation. Almost a quarter (23%) of 15-year-old boys in Scotland involved in the study said that they had tried the drug.”

https://news.stv.tv/scotland/scotland-is-worst-in-world-for-teenage-boys-smoking-cannabis-who-data-reveals


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“Serbian President Aleksandar Vučić tepidly apologized Wednesday for calling Slovenians “disgusting,” clarifying that he was only referring to their politicians…

“He hit out at Slovenia… by accusing them of being part of a “set-up” with the U.S. and Switzerland to allow Kosovo’s delegation to bring alleged survivors of rape by Serbian forces during the 1998-1999 war to the UN security council session…”

https://www.politico.eu/article/serbias-vucic-apologizes-to-slovenia-for-insult-to-entire-nation/


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“Greece’s economic rebound in (painful) context…

“The latest rebound has only just slightly lifted Greek living standards relative to the EU average in the last couple of years — and not enough to lift them from their place as the poorest people in the eurozone… Strong tourism numbers… are helping.”

https://www.ft.com/content/ba7e18ea-eaf4-4104-bbe7-bb7f97d182e5


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“Venice residents clash with riot police as city launches world’s first tourist entry fee…

“Venice became the first city in the world to charge a payment for tourists in an attempt to alleviate the pressures of mass tourism and make the city more livable for its residents.”

https://www.cnbc.com/2024/04/25/venice-city-becomes-first-in-the-world-to-start-charging-an-entry-fee.html


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“Locals fear tourism is consuming the Canary Islands…

“”The archipelago is marked by a pattern of social and political organization that is predatory to the land, pollutes the water, destroys cultural heritage and is generally detrimental to all the species that inhabit the islands,” outlined the manifesto for the April 20 demonstrations…”

https://www.lemonde.fr/en/international/article/2024/04/24/locals-fear-tourism-is-consuming-the-canary-islands_6669398_4.html


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“A huge barrier to block views of Mount Fuji will be installed at a popular photo spot by Japanese authorities exasperated by crowds of badly behaved foreign tourists.

“Construction of the mesh net – 2.5 metres (8ft) high and the length of a cricket pitch at 20 metres – will begin as early as next week…”

https://www.theguardian.com/world/2024/apr/26/fujikawaguchiko-town-japan-block-mount-fuji-view-overcrowding


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“The yen fell to a new 34-year low on Friday after the Bank of Japan held interest rates near zero, despite rising pressure on the central bank to tighten its policy to prop up the currency…

““Ueda will have his work cut out for him at the press conference [on Friday afternoon] to avoid further yen decline,” said Benjamin Shatil, senior Japan economist at JPMorgan.”

https://www.ft.com/content/30c39c56-3aee-4120-9490-5ce09c187322


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“What’s behind a dramatic fall in Indian families’ savings?

“… something seems to be amiss… Recent data from the Reserve Bank of India says India’s net household savings stood at a 47-year-old low… There has also been a sharp jump in household debt in the same period. Annual borrowings stood at 5.8% of GDP – the second-highest level after the 1970s.”

https://www.bbc.co.uk/news/world-asia-india-68874403


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“Israeli strikes hit southern Lebanon as cross-border fire escalates…

“The Israeli military says it hit dozens of targets in southern Lebanon while the Lebabese armed group Hezbollah said it fired dozens of rockets at an Israeli border village as fighting continues to escalate.”

https://www.aljazeera.com/news/2024/4/24/israeli-strikes-hit-southern-lebanon-as-cross-border-fire-escalates


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“Syria crisis intensifies in shadow of Gaza war…

“The war in Gaza continues to cast a dark shadow over the wider Middle East region, in particular Syria where a series of strikes and attacks are exacerbating an already dire humanitarian situation, the UN Special Envoy for the country said on Thursday.”

https://news.un.org/en/story/2024/04/1149016


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“Yemen’s Houthis launch attacks on US, Israeli vessels as warships defend…

“The US military confirmed that the Houthis launched an antiship ballistic missile from their territory towards the vessel, which it identified as a “US-flagged, owned, and operated vessel with 18 US and four Greek crew members”.”

https://www.aljazeera.com/news/2024/4/25/yemens-houthis-launch-attacks-on-us-israeli-vessels-as-warships-defend


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“Sudan civil war wipes out city that was once home to 500,000…

“Dozens of cities and villages in Darfur have been razed to the ground in Sudan’s brutal year-long war, new satellite pictures have revealed. Shocking images of the city of El Geneina show large sections have been burnt down since the country was engulfed in war in April 2023.”

https://www.telegraph.co.uk/world-news/2024/04/24/sudan-civil-war-wipes-out-city-that-was-once-home-to-500000/


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“Big Tech keeps spending billions on AI. There’s no end in sight… Much of the money is going to new data centers, which are predicted to place huge demands on the U.S. power grid…

“In quarterly earnings calls this week, Google, Microsoft and Meta all underlined just how big their investments in AI are.”

https://www.washingtonpost.com/technology/2024/04/25/microsoft-google-ai-investment-profit-facebook-meta/


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“Biden Curbs on Power Plant Pollution Collide With Soaring Demand.

“The Biden administration is cracking down on planet-warming pollution from the nation’s electricity sector, with mandates likely to encourage the closure of coal plants that advocates argue are vital to meet surging power demand.”

https://www.bloomberg.com/news/articles/2024-04-25/biden-s-power-plant-pollution-rule-collides-with-soaring-demand


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“US seeing rise in climate-related power outages, report says…

“Power outages in the US are rising, as climate-related extreme weather strain an already burdened energy grid. Over the last decade, severe storm outages increased by 74% compared with the previous 10 years.”

https://www.theguardian.com/us-news/2024/apr/24/climate-related-power-outages-surging-in-the-us


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“Nature destruction will cause bigger economic slump in UK than 2008 crisis, experts warn…

“Sounding the alarm over the rising financial cost from pollution, damage to water systems, soil erosion, and threats from disease, the report by the Green Finance Institute warned that further breakdown in the UK’s natural environment could lead to a 12% loss of gross domestic product (GDP) by the 2030s.”

https://www.theguardian.com/environment/2024/apr/25/nature-destruction-will-cause-bigger-economic-slump-in-uk-than-2008-crisis-experts-warn


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“Policymakers must recognize global economic risks posed by ecosystem ‘tipping points,’ says report…

“Ecosystem tipping points are not well represented in economic models that aim to quantify the risks of environmental change, meaning financial risks are significantly underestimated and new approaches are needed, the report says.”

https://phys.org/news/2024-04-policymakers-global-economic-posed-ecosystem.html


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“World’s billionaires should pay minimum 2% wealth tax, say G20 ministers…

“The world’s 3,000 billionaires should pay a minimum 2% tax on their fast-growing wealth to raise £250bn a year for the global fight against poverty, inequality and global heating, ministers from four leading economies have suggested.”

https://www.theguardian.com/inequality/2024/apr/25/billionaires-should-pay-minimum-two-per-cent-wealth-tax-say-g20-ministers


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“About 282 million people faced acute hunger last year: UN-led report.

“Food insecurity worsened around the world in 2023, with about 282 million people suffering from acute hunger due to conflicts, particularly in Gaza and Sudan, according to United Nations agencies and development groups. Extreme weather events and economic shocks added to the number…”

https://www.aljazeera.com/news/2024/4/24/nearly-282-million-people-faced-acute-hunger-last-year-un-led-report


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

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