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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“‘Step back and reflect’: Researchers warn of nuclear weapons’ increased role in global tensions…

“”We have not seen nuclear weapons playing such a prominent role in international relations since the Cold War,” Wilfred Wan, director of SIPRI’s Weapons of Mass Destruction Programme, said in a statement.

“The research institute noted that in February 2023 Russia announced it was suspending participation in the 2010 New START treaty — “the last remaining nuclear arms control treaty limiting Russian and US strategic nuclear forces”.”

https://www.france24.com/en/europe/20240616-nuclear-arms-more-prominent-amid-geopolitical-tensions-say-researchers


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“Global spending on nuclear weapons up 13% in record rise.

“Global spending on nuclear weapons is estimated to have increased by 13% to a record $91.4bn during 2023, according to calculations from the International Campaign to Abolish Nuclear Weapons (Ican) pressure group.”

https://www.theguardian.com/world/article/2024/jun/17/global-spending-on-nuclear-weapons-up-13-in-record-rise


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“NATO in talks to put nuclear weapons on standby…

“NATO is in talks to deploy more nuclear weapons in the face of a growing threat from Russia and China, the head of the alliance has said. Jens Stoltenberg added that the bloc must show its nuclear arsenal to the world to send a direct message to its foes in an interview with The Telegraph.”

https://www.telegraph.co.uk/world-news/2024/06/16/nato-jens-stoltenberg-nuclear-weapons-deployt-russia-china/


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“Ukraine summit strives for consensus, way forward uncertain…

“Western powers and their allies at a summit in Switzerland denounced Russia’s invasion of Ukraine on Sunday, but they failed to persuade major non-aligned states to join their final statement, and no country came forward to host a sequel.”

https://www.reuters.com/world/europe/ukraine-summit-strives-broad-consensus-lean-russia-end-war-2024-06-16/


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“World leaders just pledged ‘lasting peace’ in Ukraine. Achieving it is still a long way off…

“It is clear any path to ending the war in Ukraine will cost many more billions of dollars and many thousands more military and civilian lives… After more than two years of fighting, Russia’s invasion of Ukraine has bogged down into a bloody impasse.”

https://www.smh.com.au/world/europe/world-leaders-just-pledged-lasting-peace-in-ukraine-achieving-it-is-still-many-months-away-20240616-p5jm8l.html


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“Russia overtook US as gas supplier to Europe in May…

““It’s striking to see the market share of Russian gas and [liquefied natural gas] inch higher in Europe after all we have been through, and all the efforts made to decouple and de-risk energy supply,” said Tom Marzec-Manser, head of gas analytics at consultancy ICIS.”

https://www.ft.com/content/15e7b892-c4f3-45b8-b375-80ef52e4b83c


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“How the US Mopped Up a Third of Global Capital Flows Since Covid. De-dollarization narrative swept aside by overseas investors…

““The big boy in town has been getting all of the attention,” according to Jonathan Fortun, an economist at the Institute of International Finance, which tracks global capital. “It has dried out some of the money flows into emerging markets.””

https://www.bloomberg.com/news/articles/2024-06-16/how-the-us-mopped-up-a-third-of-global-capital-flows-since-covid


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“How AI cops are already patrolling Britain’s streets…

“…as Orwell’s novel [1984] celebrates its 75th anniversary this month, British police are already deploying technologies that would put Big Brother to shame. From the facial recognition cameras watching you shop to the algorithms predicting crimes before they happen, these tools feel as if they’ve been ripped from the pages of science fiction.”

https://www.dailymail.co.uk/sciencetech/article-13522765/AI-cops-patrolling-Britains-streets.html


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“More Brits are falling behind on their mortgage payments than at any point in the past seven years, according to the latest data from the Bank of England.

“The lingering financial impact of the pandemic and soaring cost of living have left many struggling to cover basic expenses, let alone repay debts.”

https://www.mirror.co.uk/money/personal-finance/bank-england-sends-stark-warning-33033810


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“The spectre of the UK’s epic market meltdown two years ago is looming large over politicians as Britain prepares to go to the polls on July 4.

“The fear of so-called bond vigilantes — a term coined in the 1980s to describe investors who sold Treasuries to push back against the US government’s largesse — is coloring almost all discussion of Britain’s finances…”

https://www.bloomberg.com/news/articles/2024-06-17/uk-election-is-being-shaped-by-bond-market-s-2022-meltdown-under-liz-truss


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“‘Euro crisis threat’ as French borrowing costs match Portugal for first time in 20 years…

“Holger Schmieding, chief economist at Berenberg Bank, said that if Ms Le Pen’s party takes control of parliament and investors take flight, the situation “could easily turn into a Liz Truss-style financial crisis”.”

https://www.telegraph.co.uk/business/2024/06/14/euro-crisis-threat-french-borrowing-costs-match-portugal/


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“Protests against hard-Right turn violent in France…

“French police clashed with protesters in Rennes and Paris on Saturday as tens of thousands of people took to the streets in marches against the hard-Right. Police in Rennes deployed tear gas against black-clad protesters…”

https://www.telegraph.co.uk/world-news/2024/06/15/protests-france-violence-far-right/


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“Germany marks veterans’ day for first time since end of Second World War…

“Germany’s retired soldiers marked Saturday with their first Veterans’ Day since the end of the Second World War, breaking the country’s decades-old taboo over celebrating its armed forces. Army veterans held a series of low-key events across the country…”

https://www.telegraph.co.uk/world-news/2024/06/15/germany-marks-veterans-day-for-first-time-since-wwii/


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“Germany presents new military service model to start conscription from next year…

“Germany has been looking to boost the size of its army from currently around 180,000 troops to 203,000 with growing fears of a Russian attack on NATO. For Pistorius, his “preferred model”, would see 18-year-olds fill in digital questionnaires regarding their habits and interest in the army.”

https://www.euractiv.com/section/defence-and-security/news/germany-presents-new-military-service-model-to-start-conscription-from-next-year/


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“Denmark’s government is asking citizens to prepare for an attack or other potential crisis by stockpiling supplies of water, food and medicine, and keeping iodine tablets at home.

“A rising threat from Russia has prompted Danish authorities to increase their preparedness and issue recommendations to Danes to do the same.”

https://www.bloomberg.com/news/articles/2024-06-15/danes-asked-to-keep-supplies-iodine-pills-to-prepare-for-crises


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“Poland, Baltics step up border controls amid migrant crisis…

“EU officials believe many of the migrants have been organized and aided by Russia and its ally, Belarus, in a coordinated attempt to destabilize the European Union. According to Polish officials, about 90% of the migrants stopped at Poland’s border hold Russian visas, an indicator of Russia’s involvement.”

https://www.dw.com/en/poland-baltics-step-up-border-controls-amid-migrant-crisis/a-69350351


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“Greek coastguard threw migrants overboard to their deaths, witnesses say…

“We showed footage of 12 people being loaded into a Greek coastguard boat, and then abandoned on a dinghy, to a former senior Greek coastguard officer. When he got up from his chair, and with his mic still on, he said it was “obviously illegal” and “an international crime”.”

https://www.bbc.co.uk/news/articles/c0vv717yvpeo


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“Deadly border technologies are increasingly employed to violently deter migration…

“The book is a global story — a dystopian vision turned reality, where matters of life and death are determined by algorithms… I also show how borders are big business, with defense contractors and tech start-ups alike scrambling for profit in a multi-billion dollar border industrial complex.”

https://theconversation.com/deadly-border-technologies-are-increasingly-employed-to-violently-deter-migration-231169


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“Russian special forces freed two guards and killed several men linked to Islamic State who had taken them hostage at a detention center in the southern city of Rostov on Sunday, the prison service said.

“Intense automatic gunfire could be heard in footage published on Russian Telegram channels.”

https://www.nbcnews.com/news/world/russian-forces-kill-isis-linked-hostage-takers-detention-centre-rcna157387


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“Four Years after the Galwan Clash: Ongoing India-China Tensions…

“Four years since the Galwan clash, bilateral ties between India and China remain strained. In September 2023, when India hosted the G-20 Summit for the first time, Chinese President Xi Jinping did not attend, sending Premier Li Qiang instead.”

https://www.financialexpress.com/business/defence-four-years-after-the-galwan-clash-ongoing-india-china-tensions-3526613/


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“Thousands of Rohingya feared trapped in fighting in western Myanmar…

“Tens of thousands of Muslim minority Rohingya are feared to be caught in fighting in western Myanmar, as a powerful armed ethnic group bears down on junta positions in a coastal town on the country’s border with Bangladesh.”

https://www.voanews.com/a/thousands-of-rohingya-feared-trapped-in-fighting-in-western-myanmar/7658624.html


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“In Laos, Southeast Asia’s highest inflation forces some to flee, others to get creative…

“Inflation hit a record 40 per cent in Laos last year and continues to run hot, at around 25.8 per cent as of last month. A weak local currency – the kip – is fuelling elevated prices, after losing around 60 per cent of its value against the US dollar since 2021.”

https://www.scmp.com/week-asia/economics/article/3266685/laos-southeast-asias-highest-inflation-forces-some-flee-others-get-creative


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“Capital flight — the root of Bangladesh’s forex crisis, say experts…

“Professor Selim Raihan, executive director of the South Asian Network on Economic Modeling (Sanem), said tax defaulters, loan defaulters, and money launderers are interconnected and recognised figures.”

https://www.tbsnews.net/economy/capital-flight-root-bangladeshs-forex-crisis-say-experts-877966


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“Soaring stocks, collapsing economy [Pakistan]…

“There is near unbearable inflation and unemployment, interest rates are at record highs, the poor are finding it hard to get two meals a day let alone make a living. The country’s natural gas reserves are almost exhausted…”

https://tribune.com.pk/story/2472099/soaring-stocks-collapsing-economy


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“Netanyahu reportedly criticises military tactical pause in Gaza amid divisions with IDF…

““When the prime minister heard the reports of an 11-hour humanitarian pause in the morning, he turned to his military secretary and made it clear that this was unacceptable to him,” an unnamed Israeli official told media late on Sunday.”

https://www.theguardian.com/world/article/2024/jun/17/netanyahu-reportedly-criticises-military-tactical-pause-in-gaza-amid-divisions-with-idf


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“US Navy faces ‘most intense combat since World War II’ against Yemen’s Iran-backed Houthi rebels, defense experts say…

“”We’re sort of on the verge of the Houthis being able to mount the kinds of attacks that the US can’t stop every time, and then we will start to see substantial damage,” Bryan Clark, a former Navy submariner and a senior fellow at the Hudson Institute told the Associated Press.”

https://www.msn.com/en-us/news/world/us-navy-faces-most-intense-combat-since-world-war-ii-against-yemen-s-iran-backed-houthi-rebels-defense-experts-say/ar-BB1ojx7N


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“‘We need the world to wake up’: Sudan facing world’s deadliest famine in 40 years.

“Sudan is facing a famine that could become worse than any the world has seen since Ethiopia 40 years ago, US officials have warned, as aid deliveries continue to be blocked by the warring armies but arms supplies to both sides continue to flow in.”

https://www.theguardian.com/world/article/2024/jun/17/we-need-the-world-to-wake-up-sudan-facing-worlds-deadliest-famine-in-40-years


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“Surge in rebel attacks sparks deadly protests in eastern Congo…

“At least seven people have been killed in unrest in eastern Democratic Republic of Congo’s North Kivu province, local officials said on Saturday, after people took to the streets to protest against a surge in deadly attacks by suspected Islamist rebels.”

https://www.reuters.com/world/africa/surge-rebel-attacks-sparks-deadly-protests-eastern-congo-2024-06-15/


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“Shootings and extortion create ghost town in southern Mexico…

“Thousands of residents deserted the small Mexican town of Tila, fleeing an intensive three-day siege by heavily armed men and leaving it a ghost town, and are still too afraid to return despite government troops now patrolling the empty streets.”

https://www.reuters.com/world/americas/shootings-extortion-create-ghost-town-southern-mexico-2024-06-12/


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“Welcome to hell: Inside brutal El Salvador mega prison where thousands of gang members are kept in cramped cells amid merciless crackdown on narco gangs…

“Dramatic new images have emerged showing the inside of one of El Salvador’s brutal mega prisons where thousands of gang members are kept in cramped cells and watched 24 hours a day by masked guards.”

https://www.dailymail.co.uk/news/article-13521341/El-Salvador-prison-gang-members-cells-crackdown.html


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“Honduras to build 20,000-inmate ‘megaprison’ as part of gang crackdown…

“Authorities in Honduras have announced a series of measures aimed at tackling organised crime, including the construction of a 20,000-capacity “megaprison”, as well as “terrorist” designations and collective trials for members of gangs.”

https://www.aljazeera.com/news/2024/6/15/honduras-to-build-20000-inmate-megaprison-as-part-of-gang-crackdown


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“The new boss of Codelco, the world’s biggest copper miner, insisted the Chilean state-owned group would reverse a severe production slump this year, even as it struggles with a $20bn debt pile.

“Production at the company, which faces delays on four major projects needed to extend the life of its ageing mines, plunged from 1.618mn tonnes in 2021 to 1.325mn in 2023, the lowest level in 25 years.”

https://www.ft.com/content/7fb661ea-848d-49ee-b761-75bb15739b


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“Concerns grow as ‘gigantic’ bird flu outbreak runs rampant in US dairy herds…

“More than three years into a worldwide outbreak of bird flu, the virus continues to expand in the U.S. ..it’s running rampant among dairy cows, turning up in 94 herds across 12 states since March. The latest animal to test positive was an alpaca on an Idaho farm.”

https://eu.usatoday.com/story/news/nation/2024/06/16/bird-flu-spreading-concerns-grow/74090745007/


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“Former director of the CDC predicts the next pandemic will be from bird flu…

““I really do think it’s very likely that we will, at some time, it’s not a question of if, it’s more of a question of when we will have a bird flu pandemic,” Robert Redfield told NewsNation on Friday… While the mortality rate was 0.6 per cent for Covid-19, Redfield said the mortality for the bird flu would probably be “somewhere between 25 and 50 per cent.””

https://www.independent.co.uk/news/world/americas/bird-flu-cdc-covid-pandemic-b2563711.html


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“Prof Arturo Casadevall: ‘It is hubris to think a fungal pandemic can’t happen to us’…

“Everything in our environment is being affected as temperatures rise; there’s no reason to believe fungi will be an exception… there’s increasing evidence that certain fungi have the potential to unleash new diseases that will harm many more humans in unprecedented ways.”

https://www.theguardian.com/science/article/2024/jun/15/arturo-casadevall-what-if-fungi-win-last-of-us-fungal-pandemic


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“I took a £57 prepping course to get ready for the end of the world…

“it’s precisely because I am such a useless urbanite Londoner with zero survival skills – and because the Government has suggested that households ought to become more self-sufficient – that I’ve embarked on this three-week course. In May this year, Oliver Dowden, the deputy prime minister, encouraged families to stock up with enough food and water to survive for three days in the event of an emergency.”

https://inews.co.uk/inews-lifestyle/took-prepping-course-get-ready-end-of-the-world-3092536


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

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