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.

For anyone, who is friends with or follows me on Facebook, I’m afraid my account has been blacklisted for “not following community standards on account integrity”. My appeal is pending.


“Seventeen years on from the global financial crisis, regulators are cutting red tape for their banks in a bid to keep lenders competitive and stimulate their economies…

“Lowering capital requirements is worrying some observers that the U.S. has triggered a global rowback from regulations designed to keep financial systems safer, just as chatter about market bubbles and financial stability risks intensify.”

https://www.reuters.com/sustainability/boards-policy-regulation/how-regulators-globally-are-softening-capital-rules-banks-2026-01-06/


“US will be exempt from global tax deal targeting profits of large multinationals.

“Nearly 150 countries have agreed on a landmark plan to stop large global companies shifting profits to low-tax jurisdictions, but the US will be exempt from the deal, angering tax transparency groups… Scott Bessent, the US treasury secretary, called the deal “a historic victory in preserving US sovereignty and protecting American workers and businesses from extraterritorial overreach.””

https://www.theguardian.com/business/2026/jan/06/us-exemption-oecd-global-tax-deal-multinational-companies


“‘I’m going to die this year’: Millions of Americans face grim realities as Affordable Care Act subsidies expire…

“When Johana Scott logged into her health insurance account on Dec. 3, she expected to see her usual premium of about $200 a month. Instead, the screen showed $1,725 for the same plan… Scott is one of more than 20 million Americans confronting a health care crisis with the expiration of enhanced tax credits…”

https://www.ms.now/news/im-going-to-die-this-year-millions-face-grim-realities-as-affordable-care-act-subsidies-expire


“Dow hits record, energy stocks end higher after US strikes Venezuela.

“Wall Street ended higher on Monday, with surging financial shares helping lift the Dow Jones Industrial Average to an all-time peak, while energy firms jumped after a U.S. military strike captured Venezuelan President Nicolas Maduro.”

https://www.reuters.com/world/americas/us-stock-futures-tick-up-oil-companies-jump-venezuela-shock-2026-01-05/


“Donald Trump says US to take sanctioned Venezuelan oil to American ports.

“Donald Trump has said Venezuelan authorities will turn over 30mn to 50mn barrels of sanctioned crude to the US, in a sign his administration is escalating its push to control the South American country’s oil sector.”

https://www.ft.com/content/08ca8f8e-6e52-4344-9c0d-2433e98e204c


“Venezuela is foreshadowing the new world order that Trump wants to impose…

“It is a vision in which human rights are disregarded. The Americas become the priority for the United States in foreign policy, to the detriment of the rest of the world. Allied governments are rewarded, while dissenting ones are punished. The criterion applied to these dissenters is force.”

https://english.elpais.com/usa/2026-01-05/venezuela-is-foreshadowing-the-new-world-order-that-trump-wants-to-impose.html


“‘Our minerals could be used to annex us’: why Canada doesn’t want US mining…

““Suddenly, the main big investor is the American army, who need a lot of graphite,” said St-Hilaire. “People want that even less.” David Pharand, the mayor of Duhamel, one of the towns near the mine, said: “It’s like David taking on Goliath.”

https://www.theguardian.com/world/2026/jan/05/our-minerals-could-be-used-to-annex-us-why-canada-doesnt-want-us-mining


“European leaders vow to defend Greenland – after White House says US military action ‘always an option’.

“The White House has suggested US military action to secure its interests in Greenland is “always an option”. It comes after European leaders came together to warn against it – with Donald Trump feeling emboldened by the capture of Nicolas Maduro from Venezuela.”

https://news.sky.com/story/greenland-trump-white-house-live-venezuela-maduro-capture-strikes-colombia-latest-13489831


“How big a threat is the shadow banking sector to EU?

“…Large volumes of funding are now flowing through entities whose balance sheets are opaque, leverage difficult to measure, and activities capable of amplifying shocks when liquidity becomes scarcer. Taken together, asset managers and investment funds hold trillions in assets across the EU, with wide variations in leverage ratios across jurisdictions.”

https://euobserver.com/eu-and-the-world/are9cb029b


“French farmers are renewing their protest action, with fresh demonstrations taking place in several regions.

“Prime Minister Sébastien Lecornu continues to meet with union leaders today (January 6), however there are no signs that farmers are set to stop their action.”

https://www.connexionfrance.com/news/french-farmer-protests-where-roadblocks-and-disruption-are-restarting/762445


“Greek Farmers standoff reaches breaking point. Government declares patience exhausted after weeks of dialogue refusals by protesters…

“Government spokesman Pavlos Marinakis emphasized that no additional measures beyond those already announced will be offered, stating the government has already satisfied a large portion of farmers’ demands.”

https://www.ekathimerini.com/economy/1291646/farmers-standoff-reaches-breaking-point/


“US backs security guarantees for Ukraine, as France and UK pledge troops.

“The United States has backed security guarantees for Ukraine, including leading a truce monitoring mechanism, as France and the United Kingdom pledged to deploy forces to Ukrainian territory if a ceasefire is reached with Russia.”

https://www.aljazeera.com/news/2026/1/6/ukraine-talks-in-paris-yield-significant-progress-on-security-pledges


“Russia sends navy ships to guard oil tanker being pursued by US forces.

“The ship, which currently isn’t carrying anything, historically has transported Venezuelan crude oil and was thought to be between Scotland and Iceland on Tuesday. President Donald Trump said last month that he was ordering a “blockade” of sanctioned oil tankers entering and leaving Venezuela…”

https://www.bbc.co.uk/news/articles/c7v0deypjl4o


“Russian Oil Flows and Prices Plunge to Hammer Putin’s War Chest.

“Russia’s crude exports fell sharply during the final weeks of 2025 and into the new year… Prices of Russian crudes have fallen more steeply than those for global benchmarks following US sanctions on Moscow’s two largest exporters, Rosneft PJSC and Lukoil PJSC in October. Urals crude is trading below $35 a barrel in both the Baltic and the Black Sea, about 60% of its price on Oct. 1.”

https://www.bloomberg.com/news/articles/2026-01-06/moscow-s-war-chest-hammered-by-plunge-in-russia-s-oil-exports-and-prices


“Russian President Vladimir Putin has ordered a “significant increase” in tax collection and compliance this year as Russia’s wartime economy continues to lose momentum.

“The Kremlin announced the directive on Saturday following an early December meeting of the Council for Strategic Development and National Projects.”

https://www.businessinsider.com/russia-economy-putin-orders-more-taxes-wartime-gdp-growth-slows-2026-1


“China’s developers diminish further amid unending property downturn.

“The number of mainland property developers achieving annual contracted sales of at least 100 billion yuan (US$14 billion) dropped to just 10 in 2025 from a peak of 43 in 2020, research firm China Real Estate Information Corporation (CRIC) said in a report on Sunday. Among the top 10 developers, only one, China Jinmao Holdings, reported year-on-year growth in sales.”

https://www.scmp.com/business/article/3338893/chinas-developers-diminish-further-amid-unending-property-downturn


“China bans export of dual-use items to Japan amid tensions over Taiwan.

“China’s Ministry of Commerce said it had banned so-called dual-use items, with military applications, in light of Japan’s “erroneous” and “egregious” statements about the self-governing island, which Beijing considers its territory.”

https://www.aljazeera.com/news/2026/1/7/china-bans-export-of-dual-use-items-to-japan-amid-tensions-over-taiwan


“Taiwan says China’s war games sought to undermine global support for the island…

“As part of its exercises, called “Justice Mission 2025,” China fired dozens of rockets towards Taiwan and deployed a large number of warships and aircraft near the island. That caused dozens of domestic flights in Taiwan to be cancelled and drew concern from allies in the region and the West.”

https://www.reuters.com/world/china/taiwan-says-chinas-war-games-sought-undermine-global-support-island-2026-01-07/


“Thai army says Cambodia claims new border strike was accident amid truce.

“Thailand’s army accused Cambodian forces of firing mortar rounds into Ubon Ratchathani province, with one soldier wounded by shrapnel and evacuated for medical treatment.”

https://www.aljazeera.com/news/2026/1/6/thai-army-says-cambodia-claims-new-border-strike-was-accident-amid-truce


“Bangladesh villagers caught in Myanmar war as landmines turn forests into killing fields.

“n the dense hill forests along Bangladesh’s border with war-torn Myanmar, villagers are losing limbs to landmines, casualties of a conflict not of their making. Ali Hossain, 40, was collecting firewood in early 2025 when a blast shattered his life.”

https://www.malaymail.com/news/life/2026/01/07/bangladesh-villagers-caught-in-myanmar-war-as-landmines-turn-forests-into-killing-fields/204506


“Pakistan eyes defence pact with Bangladesh, sale of JF-17 jets.

“The air force chiefs of Pakistan and Bangladesh held talks on a potential pact covering the sale of JF-17 Thunder fighter jets to Dhaka, Pakistan’s military said, as Islamabad widens its arms supply ambitions and beefs up ties with Bangladesh.”

https://www.reuters.com/world/asia-pacific/pakistan-eyes-defence-pact-with-bangladesh-sale-jf-17-jets-2026-01-07/


“Taliban Confirms Deadly Clashes Over Gold Mining In Takhar…

“Local sources said at least three residents and one Taliban member have been killed, with 16 others wounded. They said clashes were continuing and the situation was rapidly deteriorating. Videos obtained by Afghanistan International show thick columns of smoke rising from the area of the clashes.”

https://www.afintl.com/en/202601063374


“Iran’s currency slides to new low, dollar at 1.47 million rials…

“The government has floated new relief measures after moving to curb access to subsidized foreign exchange used for importing basic goods, a system critics say has fueled distortions and rent-seeking while failing to contain inflation.”

https://www.iranintl.com/en/202601061682


“Iran protests spread to neglected hinterlands…

“…while most large protest movements over the past two decades have been built around the pro-democracy demands of the urban middle class, the epicentre this time has shifted to the poor neighbourhoods, provincial cities and towns where Iran’s economic pain is most acute.”

https://www.ft.com/content/5743561b-ea2c-4eba-9494-3adda3513774


“Iraqi Parliament to summon CBI Governor over USD rates, liquidity crunch.

“The US dollar exchange rate could rise to 150,000 Iraqi dinars per $100, the spokesperson for Al-Sulaimaniyah currency exchange market, Jabbar Koran, forecasted yesterday, citing increased demand for foreign currency and insufficient dollar injections by the CBI.”

https://shafaq.com/en/Iraq/Iraqi-Parliament-to-summon-CBI-Governor-over-USD-rates-liquidity-crunch


“Saudi-led coalition strikes Yemen, says STC leader al-Zubaidi has fled.

“The Saudi Arabia-led coalition in Yemen has launched strikes on the country’s southern Dhale governorate, saying it was targeting secessionist forces after their leader fled instead of boarding a plane scheduled to take him to talks in Riyadh.”

https://www.aljazeera.com/news/2026/1/7/saudi-led-coalition-strikes-yemen-says-stc-leader-al-zubaidi-has-fled


“Seven killed in fighting between Syrian army, SDF forces in Aleppo.

“At least seven people, including six civilians and a Syrian soldier, have been killed in renewed clashes between the Syrian army and the Kurdish-led, US-backed Syrian Democratic Forces (SDF) in Aleppo, with both sides blaming each other for the casualties.”

https://www.aljazeera.com/news/liveblog/2026/1/6/live-syrian-soldiers-injured-in-drone-attack-by-sdf-in-aleppo


“Two dead in Israeli strike on south Lebanon…

“On Sunday, Israel’s Foreign Minister Gideon Saar acknowledged on X that the Lebanese government and army had made efforts to disarm Hezbollah but said “they are far from sufficient”, citing “Hezbollah’s efforts to rearm and rebuild, with Iranian support”.”

https://www.newarab.com/news/two-dead-israeli-strike-south-lebanon


“Israel pushes ahead with vast illegal settlement in heart of West Bank.

“The Israel Land Authority in mid-December quietly posted a tender for construction of 3,401 homes in the “E1” project, which will effectively sever the north and south of the occupied West Bank for Palestinians, and further cut off East Jerusalem.”

https://www.theguardian.com/world/2026/jan/06/israel-vast-illegal-settlement-west-bank


“Israeli Foreign Minister visits Somaliland after world-first recognition storm.

“Israel’s Foreign Minister Gideon Saar arrived in Somaliland for the first high-level diplomatic visit since it became the first country in the world to recognise the breakaway region’s independence, triggering condemnation and concerns that Palestinians may be forcibly expelled by Israel there.”

https://www.aljazeera.com/news/2026/1/6/israeli-fm-visits-somaliland-after-world-first-recognition-storm


“How is gum arabic fuelling the war in Sudan?

“A raw material – not gold – is having an outsized influence on the fighting in Sudan as it is smuggled to help fund the war effort of the paramilitary Rapid Support Forces (RSF). It is gum arabic, an essential, unsung hero in many products around the world.”

https://www.aljazeera.com/news/2026/1/6/how-is-gum-arabic-fuelling-the-war-in-sudan


“Sahel’s shifting war: The hydra-headed challenge of terrorist groups.

“As 2026 begins, the Sahel is no longer fighting terrorists emerging from the desert to attack a convoy and vanish into thin air, the war has changed in scale, pace, and strategy. In the Liptako-Gourma region, the Alliance of Sahel States is confronting a hydra that no longer merely seeks to challenge the state, but to replace it.”

https://www.trtafrika.com/english/article/f3450701e07c/amp


“At least nine Nigerian soldiers killed in bomb blast.

“Nigeria’s myriad of security problems continues to pressure security forces. At least 9 soldiers were killed when their convoy struck a landmine before attackers opened fire on January 4. It happened in northeastern Borno state, the birthplace of Nigerian extremist group Boko Haram which has seen an uptick in militant attacks.”

https://www.france24.com/en/at-least-nine-nigerian-soldiers-killed-in-bomb-blast


“A tense calm on the streets of Caracas masks a multitude of fears and uncertainty for Venezuelans…

“The more than half a dozen people who spoke to NBC News said that there has been an increased presence of government security forces as well as armed civilian paramilitaries loyal to the government. Officials have called for the arrest of anyone involved in the weekend’s attack.”

https://www.nbcnews.com/world/latin-america/venezuela-tense-calm-fear-residents-security-forces-maduro-rcna252359


“Colombian president says ‘I will take up arms again’ if US invades.

“Donald Trump and his Colombian counterpart have turned up the volume of their war of words, further raising tensions between the two countries after US forces attacked Venezuela to remove Venezuelan leader Nicolás Maduro from power.”

https://www.theguardian.com/world/2026/jan/05/trump-colombia-invasion-petro


“Cubans brace for even more economic devastation amid threat of no Venezuelan oil.

“Since the rise of Hugo Chavez in Venezuela in 1999, Cuba has depended heavily on Venezuela for subsidized oil in exchange for Cuban medical professionals, military advisers, security forces and others. Without Venezuelan oil, Cuba’s economy, which is already in a deep crisis, will likely spiral even further.”

https://www.nbcnews.com/world/latin-america/cubans-brace-even-economic-devastation-threat-no-venezuelan-oil-rcna252430


“The Top 10 Global Risks for 2026.

“2026 is a tipping point year. That’s not because we should expect a coming confrontation between the two biggest powers, the U.S. and China. Nor are tensions between the U.S. and Russia likely to spiral out of control this year. Instead, 2026 looks set to be a time of great geopolitical uncertainty, because the U.S. is unwinding its own global order.”

https://time.com/7343169/top-10-global-risks-2026/


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