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.

This month is kindly sponsored by an anonymous donor in memory of Rev. Michael Dowd, founder of postdoom.com.


“As trust in the US collapses, leaders in Australia and around the world are frantically recalibrating.

“Like the child who realises that her parents were joking when they said she was their favourite, people all around the world are coming to the life-changing realisation that their nation’s relationship with the United States was not really “special”.”

https://www.theguardian.com/commentisfree/2025/mar/23/as-trust-in-the-us-collapses-leaders-in-australia-and-around-the-world-are-frantically-recalibrating


“Greenland’s prime minister slams ‘highly aggressive’ visit by US officials, including second lady Usha Vance.

“Greenland’s prime minister said a planned visit to the island by US officials, including second lady Usha Vance, is “highly aggressive,” plunging relations to a new low after President Donald Trump vowed to annex the autonomous Danish territory.”

https://edition.cnn.com/2025/03/24/world/greenland-prime-minister-us-usha-vance-intl-hnk/index.html


“Trump’s expansionism threatens the rules-based order in place since second world war…

“Experts are warning that …Trump’s comments explicitly pushing for the US to acquire Greenland, Canada, the Panama canal and Gaza is fuelling a permissive environment that threatens long-recognised borders and the international rules-based order that has existed since the end of the war.”

https://www.theguardian.com/us-news/2025/mar/23/trump-expansionism-threatens-the-rules-based-order-in-place-since-second-world-war


“Trump stirs fears of a new nuclear arms race…

“The US president’s pivot to Moscow and scathing disregard for Nato has prompted old allies — from Berlin and Warsaw to Seoul and Tokyo — to confront what was seemingly unthinkable: how to prepare for a potential withdrawal of their US nuclear shield.”

https://www.ft.com/content/1a7c9b17-862d-4986-ac09-42de2dee44f2


“Diverging US Economic Data Begs the Question: Is a Slowdown Coming?

“…The mixed signals are causing jitters across Washington and Wall Street on what lies ahead for the world’s largest economy — which, in a matter of weeks, has shifted from global outperformer to the top source of uncertainty.”

https://www.bloomberg.com/news/articles/2025-03-22/is-us-recession-concern-rising-under-trump-s-trade-tariff-policies


“Tax revenue could drop by 10 percent amid turmoil at IRS…

“The prediction, officials say, is directly tied to changing taxpayer behavior and President Donald Trump’s rapid demolition of parts of the IRS. Senior tax agency officials issued detailed warnings about those outcomes to the incoming Trump administration…”

https://www.washingtonpost.com/business/2025/03/22/irs-tax-revenue-loss-federal-budget/


“America’s rich scramble to open Swiss bank accounts over Trump fears…

“Fears of potential restrictions on moving money overseas mean ultra-wealthy Democrat families are moving huge chunks of cash out of the country as an insurance policy against the Republican administration.”

https://www.telegraph.co.uk/business/2025/03/24/america-rich-scramble-swiss-bank-accounts-fears-trump/


“China calls for global business to ‘resist protectionism’ as American executives gather in Beijing…

“CEOs including Apple’s Tim Cook, FedEx’s Raj Subramaniam and Pfizer’s Albert Bourla gathered in the Chinese capital over the weekend for a two-day forum that comes as US President Donald Trump has ratcheted up trade pressure on China…”

https://edition.cnn.com/2025/03/24/business/china-us-executives-trade-development-forum-intl-hnk


“Factory and services slowdown saps hopes for Japan growth.

“Figures out Monday showed factory activity falling at its fastest pace in a year. The closely watched Purchasing Managers’ Index for manufacturing from au Jibun Bank fell to 48.3 from 49 previously. That’s well below the key 50-point mark that would indicate rising activity.”

https://uk.finance.yahoo.com/video/factory-services-slowdown-saps-hopes-033908045.html


“Rachel Reeves to cut 10,000 [UK] civil service jobs in effort to lower government costs…

“In advance of Wednesday’s spring statement, the chancellor defended her stewardship of the economy since the election, saying she had made difficult choices.”

https://www.theguardian.com/politics/2025/mar/23/rachel-reeves-promises-economy-and-living-standards-will-improve


“EU watchdogs warn that weakening rules risks another financial crash…

“Laboureix said he was “absolutely ready” to engage with calls for the burden of regulation to be eased. But he warned policymakers not to forget the lessons of the last big banking sector meltdown. “Don’t forget the 2008 crisis. What did that mean? Bailouts everywhere.”“

https://www.ft.com/content/a4210c56-bd4c-4ca9-9cc7-36dba2dd


“‘The only thing still working’: Russia and UK agreement to tend war graves transcends bitter international relations…

“The two countries appear to have come to a private understanding… The commission has continued to maintain 674 Soviet graves in its cemeteries in the UK and around the world and, although it cannot be certain, it believed that the Russians are doing the same for the 663 British military personnel.”

https://www.theguardian.com/global/2025/mar/23/russia-uk-agreement-to-tend-war-graves-transcends-bitter-international-relations


“Ukraine war briefing: US seeking Black Sea ceasefire in talks with Russia in Saudi Arabia…

“A wide gulf remains, however, between the US’ and Russia’s expectations, with US envoy Steve Witkoff signalling hope for “real progress” and Kremlin spokesperson Dmitry Peskov warning that “difficult negotiations” lie ahead.”

https://www.theguardian.com/world/2025/mar/24/ukraine-war-briefing-us-seeking-black-sea-ceasefire-in-talks-with-russia-in-saudi-arabia


“‘Mission accomplished’: US-Philippines Balikatan drills return in full battle mode…

“A test of firepower. A projection of strength. A message to China. This year’s Balikatan exercise promises to be all this and more, organisers say, even as the United States adopts an increasingly isolationist stance under its mercurial president, Donald Trump.”

https://www.scmp.com/week-asia/politics/article/3303375/mission-accomplished-us-philippines-balikatan-drills-return-full-battle-mode


“Pakistan kills 16 fighters amid rising Afghanistan border tensions.

“Border troops killed all the fighters in an exchange of fire during the night between March 22 and 23 in North Waziristan district in Khyber Pakhtunkhwa province, the army said.”

https://www.aljazeera.com/news/2025/3/23/pakistan-kills-16-fighters-amid-rising-afghanistan-border-tensions


“Iran Deploys Missile Systems on Disputed Gulf Islands Amid Rising Tensions.

“Iran’s Islamic Revolutionary Guard Corps (IRGC) has deployed new missile systems on three strategically vital islands in the Gulf, asserting their capability to strike “enemy bases, vessels, and assets” within a 600-kilometer range, state media reported Saturday.”

https://www.kurdistan24.net/en/story/831293


“Turkey lurches toward outright autocracy as Erdoğan’s main rival is jailed…

“İmamoğlu, a highly popular secularist who was widely seen as the most likely next president to succeed the Islamist Erdoğan, responded with an impassioned call for mass demonstrations to save democracy in the NATO heavyweight of 86 million.”

https://www.politico.eu/article/turkey-jailed-tayyip-erdogan-mayor-immamoglu-jail-crackdown-nato-democracy/


“Thousands of Israelis protest Shin Bet chief’s dismissal, for captives.

“Thousands of people in Israel have gathered in Tel Aviv to protest against the decision by Prime Minister Benjamin Netanyahu’s government to dismiss the head of the Shin Bet domestic intelligence service and resume fighting in Gaza.”

https://www.aljazeera.com/news/2025/3/22/thousands-of-israelis-protest-shin-bet-chiefs-dismissal-for-captives


“How Israel plans to escalate its war on Hamas in Gaza…

“The new and more aggressive tactics, according to current and former Israeli officials and others briefed, will probably also include direct military control of humanitarian aid; targeting more of Hamas’s civilian leadership…”

https://www.washingtonpost.com/world/2025/03/23/israel-gaza-war-plans/


“Yemeni forces hit Israel’s Ben Gurion airport again with hypersonic ballistic missile…

“They said the strike successfully achieved its “goal” to disrupt air traffic in the occupied Israeli territories as long as the zionist killing machine continued its genocidal war against the Gaza Strip.”

https://www.presstv.ir/Detail/2025/03/23/744922/Yemeni-Armed-Forces-Hit-Ben-Gurion-Airport-Missile


“Saudi report says high-level Houthi official killed in US airstrikes…

“A very senior Houthi official was eliminated in overnight US airstrikes in Sanaa, the Saudi Al Hadath network reports. The report does not identify the official by name or by position.”

https://www.timesofisrael.com/liveblog_entry/saudi-report-says-high-level-houthi-official-killed-in-us-airstrikes/


“Ethiopia’s army claims to have killed 300 Fano fighters in renewed clashes.

“Ethiopian troops have killed more than 300 Fano armed group fighters, former allies against rebels in the Tigray region, in two days of renewed clashes in the northern Amhara region, according to the army.”

https://www.aljazeera.com/news/2025/3/22/ethiopias-army-says-more-than-300-fano-fighters-killed-in-renewed-fighting


“The battle for Khartoum: Sudan war comes full circle…

“The recapture of the presidential palace caps several months in which momentum in Sudan’s civil war swung decisively in the SAF’s favour. If the army can consolidate control of Khartoum it would allow Gen Burhan to install a transitional government and attempt to gain wider international recognition.”

https://www.ft.com/content/980e2188-4c9a-4648-b0b6-555ac86cdada


“The country [Congo] where beheadings and jihadi violence are rife – but nobody is talking about it…

“Congo’s northeastern provinces are quickly becoming a jihadi stronghold, a launching pad for extremists determined to enforce their violent ideology. This is despite the fact that Muslims make up 1.5 per cent of the population. So how did this happen?”

https://www.independent.co.uk/voices/congo-jihadi-violence-killings-international-neglect-b2716690.html


“Mali’s security crisis continues as two members of pro-junta group die in blast…

“Two members of an armed organisation allied with Mali’s ruling junta were murdered Saturday after their motorbike collided with an improvised explosive device, according to a statement from their outfit.”

https://www.firstpost.com/world/malis-security-crisis-continues-as-two-members-of-pro-junta-group-die-in-blast-13873684.html


“Why companies are quietly abandoning their climate ambitions…

“The first explanation, the cynical one, suggests many self-serving companies are jumping on the populist backlash against the climate agenda personified most obviously by US president Donald Trump… The second …is that the emission-abatement standards set by the SBTi and others are “just too difficult”.”

https://www.irishtimes.com/business/economy/2025/03/23/why-companies-are-quietly-abandoning-their-climate-ambitions/


“Have humans passed peak brain power?

“…In one particularly eye-opening statistic, the share of adults who are unable to “use mathematical reasoning when reviewing and evaluating the validity of statements” has climbed to 25 per cent on average in high-income countries, and 35 per cent in the US.”

https://www.ft.com/content/a8016c64-63b7-458b-a371-e0e1c54a13fc


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