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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“Israeli foreign minister says decision on all-out war against Hezbollah is near…

“The Israeli foreign minister, Israel Katz, has said a decision on an all-out war with Hezbollah was coming soon, as Israel generals announced late on Tuesday that they had signed off planning for an offensive into Lebanon.

https://www.theguardian.com/world/article/2024/jun/18/hezbollah-publishes-surveillance-drone-footage-it-says-shows-locations-in-israel


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“Anti-government protesters took to the streets of Jerusalem on Monday, clashing with police near the house of Prime Minister Benjamin Netanyahu and calling for new elections.

“Netanyahu once again sits atop one of the most right-wing coalitions in Israel’s history after a wartime unity government fell apart a week ago when two centrist former generals, Benny Gantz and Gadi Eisenkot, quit.”

https://www.reuters.com/world/middle-east/israeli-anti-government-protesters-rally-jerusalem-2024-06-17/


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“Bank heists reach $120mn in Gaza as cash crunch hits.

“Armed gangs, including Hamas-backed groups, have plundered at least $120mn from banks in northern Gaza in just the past two months, according to UN estimates, as the war-ravaged strip suffers from a severe cash crunch.”

https://www.ft.com/content/f5788b08-0f26-4b1e-9d8e-e665e5506da7


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“Yemen’s Houthi and the internationally recognized government are embroiled in a fierce battle for control over the country’s banking system.

“Experts warn this conflict is further damaging an economy already crippled by nearly a decade of war. The struggle over the banks is pushing Yemen’s financial system into deeper turmoil.”

https://wenewsenglish.pk/yemens-financial-crisis-deepens-as-houthi-government-bank-rivalry-intensifies/


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“The Greek-owned Tutor, a coal carrier, has reportedly sunk in the Red Sea a week after it came under attack from Yemen’s Houthis.

“The United Kingdom Maritime Trade Operations, which monitors and tracks commercial shipping for owners and the military in the crucial waterway, said in an update on Tuesday that debris and oil had been sighted around the vessel’s last known location.”

https://www.aljazeera.com/news/2024/6/19/greek-owned-tutor-believed-to-have-sunk-a-week-after-houthi-missile-attack


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“US approves new $300 million arms sale to Taiwan for drones, related equipment…

“The Biden administration on Tuesday approved a new $360 million weapons sale to Taiwan, sending the island hundreds of armed drones, missile equipment and related support material, the State Department said in a statement that is sure to draw condemnation from China.”

https://www.independent.co.uk/news/taiwan-ap-washington-biden-state-department-b2565019.html


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“China support for Russia in Ukraine compels NATO to seek Asian partnerships: top official.

“Beijing’s position said to have intensified largest armed conflict in Europe since second world war, requiring alliance to ‘impose a cost’… Stoltenberg offered his remarks during a visit to Washington and previewed a stance Nato leaders are expected to take at their summit in the American capital from July 9 to 11.”

https://www.scmp.com/news/china/article/3266992/china-support-russia-ukraine-compels-nato-seek-asian-partnerships-top-official


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“The Kremlin said on Monday a remark by NATO chief Jens Stoltenberg that the military alliance was holding talks on deploying more nuclear weapons was an “escalation of tension”.

“Stoltenberg told Britain’s Telegraph newspaper that NATO members were consulting about deploying more nuclear weapons, taking them out of storage and placing them on standby…”

https://www.reuters.com/world/europe/kremlin-says-nato-chiefs-nuclear-weapons-remarks-are-an-escalation-2024-06-17/


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“Putin gets lavish welcome in North Korea with vows of support.

“Cheering crowds and lavish ceremonies greeted Russian President Vladimir Putin in Pyongyang on Wednesday, where North Korean leader Kim Jong Un expressed “full support” for Russia’s war in Ukraine and pledged stronger strategic ties with Moscow.”

https://www.reuters.com/world/asia-pacific/putin-kim-agree-develop-strategic-fortress-relations-kcna-says-2024-06-18/


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“How North Korea’s lucrative trade in human hair is helping it skirt the impact of sanctions…

“They almost certainly don’t know it, but western owners of shiny new wigs and false eyelashes could owe their look to North Korean slave labour. In recent years, a booming trade in human hair has helped to sustain North Korea’s isolated economy…”

https://www.theguardian.com/world/article/2024/jun/18/north-korea-human-hair-export-trade-wigs-false-eyelashes


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“Britain is already at war, and nobody wants to admit it [Ian Duncan Smith, former leader of Conservative party]

“The danger posed to the free world by the new axis of totalitarian states is the greatest we have faced since the end of the Cold War. It has been growing in plain sight, but the leaders of the West have done their level best to play it down.”

https://www.telegraph.co.uk/news/2024/06/18/britain-is-already-at-war-china-nobody-wants-to-admit/


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“Bank of England’s money-printing losses ‘three times greater than Fed’. Tens of billions of pounds lost as Threadneedle Street unwinds quantitative easing programme.

“The Bank of England’s losses from its money-printing programme “dwarf those of other central banks”, a leading City analyst has warned…”

https://www.telegraph.co.uk/business/2024/06/18/bank-of-england-money-printing-losses-greater-than-fed/


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“Tesco has installed smoke machines in some of its stores to stop people from stealing goods after night-time break-ins.

“Britain’s biggest supermarket chain uses the 4ft-high security devices in some stores at high risk of burglary outside opening hours… Shoplifting and attacks on shop workers has risen in the UK, with figures released in February showing 1,300 incidents of violence and abuse a day.”

https://www.theguardian.com/business/article/2024/jun/17/tesco-installs-smoke-machines-stores-risk-break-ins


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“Inside the pet food banks for owners struggling with lockdown puppies.

“By October 2021, when the effects of the cost of living crisis were first starting to be felt, charities were reporting that pet owners were already trying to sell their dogs on Gumtree. Some were disguising them as strays so rescue centres would take them in. Many of these centres are now full.”

https://www.telegraph.co.uk/money/consumer-affairs/pet-food-banks-owners-rspca-lockdown-puppies/


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“France’s far-right leader Bardella wants to become PM – but with conditions…

“Jordan Bardella, the up-and-coming young leader of France’s far-right Rassemblement national (RN), said he would only become prime minister if his party secures an absolute majority in the National Assembly…”

https://www.euractiv.com/section/elections/news/frances-far-right-leader-bardella-wants-to-become-pm-but-with-conditions/


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“Far-right violence a ‘significant’ threat to German democracy, minister warns.

“A surge in far-right violence, Islamist extremism and cyber-attacks from Russia and China are putting German democracy under “significant” threat, the interior minister, Nancy Faeser, said as she presented a government report on domestic and foreign adversaries.”

https://www.theguardian.com/world/article/2024/jun/18/far-right-violence-significant-threat-german-democracy-minister-warns


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“Finnish law to stop migrants at Russia border makes progress in parliament.

“Finland’s parliament will be able to accept a government proposal to temporarily reject asylum seekers arriving across the border from Russia if some amendments are made, an influential committee of legislators said on Tuesday.”

https://www.reuters.com/world/europe/finnish-law-halt-migrants-russia-border-makes-progress-parliament-2024-06-18/


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“At least ten migrants dead, dozens missing in two boat disasters off Italian coast.

“At least ten migrants died and dozens of others were missing in the Mediterranean after their boat flooded with water off the coast of Italy, a German charity said Monday. Nearly 60 migrants were missing after a separate shipwreck off Calabria, Italian media reported Monday.”

https://www.france24.com/en/europe/20240617-ten-migrants-dead-dozens-missing-in-two-boat-disasters-off-italian-coast


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“EU-funded Egyptian forces ‘rounding up and deporting Sudanese refugees’…

“Almost 2 million people have fled from Sudan since the war began in April 2023, according to the UN, as a power struggle within the military regime quickly spiralled into open warfare on the streets of the capital.”

https://www.theguardian.com/global-development/article/2024/jun/19/eu-funded-egyptian-forces-arresting-deporting-sudanese-refugees-amnesty


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“Nowhere is safe’ for civilians as Sudan war descends further into chaos…

“The situation is particularly worrying in and around El Fasher… The now-besieged city had a pre-war population of about 1.5 million, as well as sheltering a further 800,000 IDPs. It is now under relentless bombardment and aerial attacks and atrocities against civilians are being committed along ethnic lines…”

https://news.un.org/en/story/2024/06/1151151


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“More than 200 arrested in Kenya protests over proposed tax hikes in finance bill…

“Police hurled tear gas canisters at hundreds of demonstrators on Tuesday, forcing businesses to close for fear of looting temporarily. A lawyer, Wanjohi Gachie, said he was protesting on behalf of all Kenyans who would be potentially burdened by the tax hikes.”

https://www.africanews.com/2024/06/18/dozens-arrested-in-kenya-protests-over-proposed-tax-hikes-in-finance-bill/


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“Niger group claims attack on China-backed pipeline, threatens more…

“An armed group opposed to Niger’s ruling junta disabled a section of the country’s PetroChina-funded crude oil pipeline in an attack on Sunday night, it said in a statement. The pipeline has a capacity of 90,000 barrel per day (bpd)…”

https://www.reuters.com/world/africa/niger-group-claims-attack-china-backed-pipeline-threatens-more-2024-06-18/


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“Venezuela’s deadly fuel crisis.

“Venezuela has the world’s largest crude oil reserves. But decaying infrastructure means it has to import fuel from Iran. And the poor quality of this fuel can cause vehicles to overheat and catch fire or even explode.”

https://www.dw.com/en/venezuelas-deadly-fuel-crisis/video-69403160


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“UN Haiti chief warns of ‘catastrophic’ impact of gang war displacements.

“A top executive at the United Nations’ migration agency on Tuesday warned of catastrophic humanitarian consequences for the spiraling numbers of Haitians forced to flee their homes due to violence fueled by a conflict with armed gangs.”

https://www.reuters.com/world/americas/un-haiti-chief-warns-catastrophic-impact-gang-war-displacements-2024-06-18/


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“Macron urges New Caledonia residents to lift roadblocks after weeks of unrest…

“Riots broke out in mid-May after anger over voting reform spilled into weeks of deadly protests. French authorities insist Noumea, the capital of New Caledonia, is back under their control, although barricades remain and pro-independence demonstrators have said they are determined to stay in the streets.”

https://www.france24.com/en/europe/20240618-emmanuel-macron-urges-new-caledonia-residents-to-lift-roadblocks-after-weeks-of-unrest-france-independence-kanaks


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“Crisis Looms for 90,000 in Myanmar’s Putao as Rice and Medicine Run Out…

“Fighting between junta troops and the Kachin Independence Army (KIA) in Sumprabum Township has cut off the flow of goods to Putao from the state capital Myitkyina. Residents report that fertilizer and fuel stocks are now running out in the northern district.”

https://www.irrawaddy.com/news/burma/crisis-looms-for-90000-in-myanmars-putao-as-rice-and-medicine-run-out.html


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“The Deadly Mining Complex Powering the EV Revolution [Indonesia]…

” Over the past decade, Sulawesi and other Indonesian islands have been transformed into hubs for mining and processing nickel… Controlled by Chinese metals giant Tsingshan Holding Group Co., IMIP is the product of more than $30 billion in investment. Sprawling across what was once a plain of farmers’ fields and fishing hamlets on Sulawesi…”

https://www.bloomberg.com/features/2024-indonesia-sulawesi-nickel-fire/


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“China fears spark Indian race for cobalt in contested ocean waters…

“India is scrambling to secure rights to explore a cobalt-rich underwater mountain in the middle of the Indian Ocean… The urgency behind India’s application comes from fears over China’s presence in the Indian Ocean, at a time when the world’s second-largest economy already dominates the global cobalt supply chain…”

https://www.aljazeera.com/news/2024/6/19/china-fears-spark-indian-race-for-cobalt-in-contested-ocean-waters


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“Indian engineers warn of prolonged blackouts amid searing heatwave…

“The All India Power Engineers Federation has written to the state government saying the situation is becoming more “serious by the day” and that a grid outage in Punjab could have a domino effect on the rest of the country.”

https://www.theguardian.com/world/article/2024/jun/18/india-engineers-blackouts-heatwave-north


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“Blackouts, ballooning bills hammer Filipinos as energy crisis grips Philippines…

“The Philippines is grappling with skyrocketing electricity bills and blackouts amid a worsening energy crisis, as analysts blame policy missteps, outdated infrastructure and extreme weather for the country’s power woes.”

https://www.scmp.com/week-asia/economics/article/3266944/blackouts-ballooning-bills-hammer-filipinos-energy-crisis-grips-philippines


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“Nvidia becomes world’s most valuable company amid AI boom…

“Nvidia’s rise has taken it from a company best known for producing video game chips into a global powerhouse. Its profits have surged amid the tech industry’s immense shift towards artificial intelligence…”

https://www.theguardian.com/technology/article/2024/jun/18/nvidia-valuation-most-valuable


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“Fund Managers pile into Magnificent Seven as central banks hold their breath…

“Global politics is terrifying. Across the western world, the established order is under challenge. In Russia and China, a new one is taking shape that many in the West dislike. But it’s still not too difficult to make money in the markets.”

https://www.bloomberg.com/opinion/articles/2024-06-19/fund-managers-pile-into-magnificent-seven-as-central-banks-hold-breath


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“‘Risks of nuclear terrorism are high and growing.’…

“”The designation between non-state vs. state actors is blurry,” Northeastern University’s Stephen Flynn says… “We’re in a world right now where most of the control of the programs in place to manage supply and control of nuclear weapons are basically unraveling.”

https://news.northeastern.edu/2024/06/18/nuclear-terrorism-risks-research/


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“A British start-up that is preparing to launch robot factories into space has secured funding from the Nato alliance’s $1.1bn (£870m) investment fund.

“Cardiff-based Space Forge wants to put satellites into orbit and use the low-gravity conditions to make crystals for cutting-edge microchips, as well as new medicines and super-alloys… Nato said this was a prime example of “dual-use” technologies the alliance is trying to cultivate to maintain an edge over Russia and China.”

https://www.telegraph.co.uk/business/2024/06/18/british-start-up-spaceforge-factory-space-wins-nato-backing/


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

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