Cuba’s Power Grid Collapses, Triggering Nationwide Blackout
Cuba’s power grid has collapsed, causing a nationwide blackout and internet disruptions.
G20 leaders met in Rio to boost climate action, calling for increased finance and progress at COP29 in Baku. Key goals include aiding developing nations, addressing global warming, and finalising a treaty on plastic pollution by 2024.
G20 leaders met in Rio de Janeiro to address sustainable development and the transition to clean energy, aiming to boost the chances of a global climate deal at COP29 in Baku, Azerbaijan.
The COP29 host urged G20 nations to send a strong signal on climate action to save stalled talks.
With 2024 set to be the hottest year on record, leaders seek to solidify a response to global warming ahead of Donald Trump’s return to the US presidency, amid concerns he may withdraw from the Paris Agreement.
In a joint statement, G20 nations called for a significant increase in climate finance to aid developing countries and urged COP29 negotiators to finalise a new financial goal by week’s end. However, no specific targets were set, sparking criticism from activists over the lack of concrete commitments.
Developed nations argue for broader funding contributions, including from wealthier developing nations like China, while countries such as Brazil insist the responsibility lies with developed economies.
The G20, responsible for 85% of the global economy and over 75% of emissions, also pledged to finalise a treaty to combat plastic pollution by the end of 2024.
XPeng Motors plans to mass-produce flying cars by 2026, becoming the first company globally to do so. CEO He Xiaopeng also highlighted advancements in autonomous driving and humanoid robotics as part of the company’s future tech initiatives.
World leaders welcomed the 30-day ceasefire proposal that Ukraine has agreed to, calling it a step toward ending the conflict with Russia.
In Tuesday’s closely watched parliamentary election, Greenland’s pro-business opposition Demokraatit party took a commanding lead after over 90% of the ballots were counted.
BioNTech forecasts a revenue decline for 2025, expecting between 1.7 billion and 2.2 billion euros, down from 2.75 billion euros last year. This drop is due to Pfizer write-downs and stable vaccination rates. BioNTech also plans significant job cuts and new hires.
Regarding the Armenia-Azerbaijan process, we cannot forget the years of occupation, and we will not forget them, President Ilham Aliyev said in his speech at the opening ceremony of the 12th Global Baku Forum.
Zara owner Inditex reported a 10% rise in transport emissions in 2024, driven by increased air freight to avoid shipping delays caused by Red Sea disruptions. While the retailer made progress in reducing sourcing-related emissions, it faces challenges in meeting its long-term climate targets.
Ireland has committed €15 million ($16.3 million) to Brazil's Amazon Fund over the next three years, aiming to support efforts to combat deforestation in the world's largest tropical rainforest.
The world’s leading banking climate coalition is reassessing its membership rules following the departure of major banks and slower-than-expected progress on climate goals, its chair told Reuters.
A WaterAid study finds major cities swinging between droughts and floods as climate change disrupts water cycles. Asia faces more floods, while Europe and the Middle East dry out. Cities like Hangzhou and Jakarta suffer extreme shifts, urging urgent infrastructure adaptation.
Climate change is threatening the sustainability of low Earth orbit, with new research from MIT revealing that shrinking atmospheric layers could significantly reduce the number of satellites able to operate safely by the end of the century.
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