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2025 among world’s three hottest years on record,WMO says
The WMO, which consolidates eight climate datasets from around the...
Denmark-US rift triggers NATO deployment of forces in Greenland
“For us, ideas that would not respect territorial integrity of the...
2023 officially warmest year on record by a huge margin, WMO confirms
''Given that El Nino usually has the biggest impact on global temperatures after it peaks, 2024 could be even hotter,'' said Saulo, who became WMO Secretary-General on January 1, 2024 The World Meteorological Organization (WMO) has officially confirmed that 2023 is...
Cockpit window crack forces ANA Boeing flight in Japan to turn back
The crack appeared in the outermost of the four layers of window surrounding the cockpit The incident was not serious but if left unfixed could have been "pretty dangerous", an aviation expert said London: A domestic All Nippon Airways (ANA) flight in Japan has...
Ukraine in talks with Marsh on war risk insurance for air transport
Air traffic over Ukraine has been suspended since Russia’s full-scale invasion in February 2022. But Kyiv wants to reopen Boryspil International Airport just outside the capital as soon as possible once conditions permit, which it sees as a victory for Ukraine’s...
Global unemployment to rise in 2024, and growing inequalities cause for concern: ILO report
Despite quickly declining after 2020, the number of workers living in extreme poverty (earning less than US$2.15 per person per day in purchasing power parity terms) grew by about 1 million in 2023. the number of workers living in moderate poverty (earning less than...
How Houthi attacks on ships in the Red Sea are affecting global trade
In fact, 40% of Asia-Europe trade normally goes through the area, including a huge amount of energy supplies like oil and diesel fuel for import-dependent Europe, said John Stawpert, senior manager of environment and trade for the International Chamber of Shipping,...
Crude oil prices rise after US, UK attack Houthis
The Houthis attack is forcing ships to take a far longer route around Africa and can cause insurance costs to rocket. Companies can pass on the increased cost of moving their goods to consumers, raising prices again at a time when governments around the world have...
Higher shipping freight rates to offset costs of re-routing from Suez:Fitch
The Red Sea disruptions amplify the impact on global trade from the Panama Canal congestion, caused by drought conditions that have almost halved the number of vessels using the waterway. Bulkers carrying agricultural commodities and tankers are most affected by the...
London mayor says Brexit has cost UK over $178 billion so far
Britain's National Institute of Economic and Social Research (NIESR) estimated in November that Brexit had reduced the size of the economy by 2%-3%, with the impact expected to rise to 5%-6% by 2035 LONDON: Britain's departure from the European Union has reduced the...
IMF says global economy to stay ‘resilient’ in 2024 but grow too slowly
IMF spokesperson Julie Kozack told a news briefing that the global economy appeared headed for a "soft landing" with inflation subsiding and labor markets resilient, but low-income countries could still fall further behind. Washington: Global economic growth will...
US SEC approves bitcoin ETFs in watershed for crypto market
Standard Chartered analysts this week said the ETFs could draw $50 billion to $100 billion this year alone. Other analysts have said inflows will be closer to $55 billion over five years WASHINGTON/NEW YORK: The U.S. securities regulator on Wednesday approved the...