Oil prices slip further as markets await clarity on Iran ceasefire deal
Oil prices edged lower on Tuesday (16 June) as traders assessed the possibility of oil supplies returning through the Strait of Hormuz following a pre...
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.
Details of a reported draft memorandum of understanding between the United States and Iran offer the clearest picture yet of how both sides plan to end months of conflict and move towards a longer-term settlement.
The U.S. and Iran say they have reached a deal to end their conflict, with an immediate ceasefire and reopening of the Strait of Hormuz after the lifting of the U.S. naval blockade. Talks will continue over the next 60 days to finalise the agreement
A senior U.S. official said on Monday that the memorandum of understanding linked to the U.S.-Iran agreement had been signed by President Donald Trump, Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Qalibaf.
Israeli Prime Minister Benjamin Netanyahu has told U.S. President Donald Trump that Israel does not consider itself bound by a Lebanon-related provision in an emerging agreement with Iran, according to Israeli officials.
Switzerland on Sunday rejected a referendum proposal to cap its population at 10 million, a projection showed, as voters prioritised economic stability and the country's ties with the European Union over immigration concerns.
Australia's weather bureau warned on Tuesday that an El Niño weather pattern has formed in the tropical Pacific and could intensify in the second half of 2026, becoming one of the strongest events recorded in seven decades.
France’s parliament has formally recognised state responsibility for the use of the toxic pesticide chlordecone in Martinique and Guadeloupe, marking a significant step in addressing decades of environmental contamination and public health concerns.
Financial markets are significantly underestimating the economic impact of biodiversity loss, potentially leaving countries exposed to sovereign debt crises and rising borrowing costs, according to new research published on Friday.
Wildlife researchers have identified dozens of previously unknown insect species during an expedition to Angola’s remote Lisima Plateau, a conservation group announced on Wednesday.
Global weather forecasters predict a strong El Niño will develop in the second half of 2026, bringing hotter, drier conditions to much of Asia while increasing rainfall in parts of North and South America.
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