“As the climate crisis escalates, fossil fuels and industrial agriculture – the two industries that are the largest contributors to climate change – continue to expand and thrive. Meanwhile, the solutions needed to address the climate crisis remain woefully underfunded,” the report reads London, UK | THE INDEPENDENT | The …
Read More »UN chief says IMF, World Bank need urgent reforms
Nairobi, Kenya | THE INDEPENDENT | The UN Secretary-General, António Guterres has called for urgent reforms at the World Bank and the International Monetary Fund saying their policies are unfair to Africa which is faced with a debt crisis. The UN Chief who was in Nairobi at the high-level Africa Climate Summit said …
Read More »ASEAN summit kicks off in Jakarta with focus on regional economic growth
Jakarta, Indonesia | Xinhua | The 43rd Association of Southeast Asian Nations (ASEAN) Summit and related summits kicked off here on Tuesday, with the focus on establishing the region as an epicenter of economic growth. Addressing the opening ceremony, Indonesian President Joko Widodo, whose country is holding the rotating ASEAN …
Read More »Zelensky to replace defense minister
Kiev, Ukraine | Xinhua | Ukrainian President Volodymyr Zelensky on Sunday announced the decision to replace Defense Minister Oleksii Reznikov. In his nightly video address, Zelensky said he plans to dismiss Reznikov and ask parliament this week to confirm Rustem Umerov, head of the country’s main privatization fund, as his …
Read More »UN chief cautions military coups only worsen crises, urges democratic governance
United Nations, US | Xinhua | Addressing the recent series of military coups predominantly in Africa, UN Secretary-General Antonio Guterres on Thursday underscored the importance of establishing lasting democratic governance backed by the rule of law. Wednesday’s military takeover in Gabon came on the heels of Niger last month, Burkina Faso …
Read More »Bank of China transacts first direct investment in yuan in Argentina
Bueno Aires, Argentina | Xinhua | The Buenos Aires branch of the Bank of China has transacted the first direct investment in yuan in Argentina, marking a new milestone in the incorporation of China’s currency as an asset in the South American country. Chinese energy firm Brunp Recycling becomes a …
Read More »Britain’s defense secretary resigns
London, UK | Xinhua | Ben Wallace tendered his resignation as Britain’s defense secretary on Thursday in a letter to Prime Minister Rishi Sunak, according to the country’s government. Wallace was appointed as the defense chief in 2019 under the government of Boris Johnson. He said last month he wanted …
Read More »German GDP to shrink 0.5 pct in 2023
Berlin, Germany | Xinhua | The real gross domestic product (GDP) of Germany, Europe’s largest economy, is projected to shrink by up to 0.5 percent in 2023, the German Economic Institute (IW) said on Tuesday. The drop is driven by high inflation and interest rates as well as by problems …
Read More »Libyan foreign minister flees to Turkey after meeting Israel counterpart
Jerusalem, Israel | Xinhua | Israeli Prime Minister Benjamin Netanyahu announced Tuesday a revision to the procedures for confidential diplomatic meetings after his foreign minister sparked controversy by disclosing a closed-door meeting with the Libyan counterpart. Netanyahu instructed all government ministers to seek approval from his office before conducting any …
Read More »Putin, Modi discuss BRICS summit, bilateral ties over phone
Moscow, Russia | Xinhua | Russian President Vladimir Putin and Indian Prime Minister Narendra Modi held phone talks Monday on the outcomes of the recently held BRICS Summit and bilateral cooperation. Noting the importance of the agreements reached during the 15th BRICS Summit held recently in Johannesburg, South Africa, the …
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