Trade with 'friendly countries' now exceeds 80% of Russia's total trade volume
Russia actively shifted its trade focus away from Europe and the United States, redirecting it toward markets in friendly countries—primarily China,...
At least seven people have died and several schoolchildren are missing after heavy rain and snow triggered flooding in South Africa’s Eastern Cape and southern regions, officials said Tuesday.
A minibus carrying high school students was swept away by floodwaters near Mthatha. The Eastern Cape provincial government said a search is ongoing, but the number of missing children remains unclear. According to the South African National Taxi Council (SANTACO), three students were rescued after clinging to trees.
Six people died in Mthatha, where floodwaters submerged homes and vehicles. A seventh body was recovered near the town of Tsolo, about 40 kilometers northwest of the city.
Disaster response teams have been deployed across affected areas, with authorities also warning of ongoing danger as rain and snow continue.
In a separate incident, five people were killed in a minibus taxi crash on Tuesday. A provincial transport spokesperson said the vehicle overturned while trying to avoid a fallen tree in wet conditions.
The South African Weather Service has issued warnings for continued heavy rain and snow in the Eastern Cape and neighboring KwaZulu-Natal. Parts of a major highway linking the two provinces were closed due to snow and poor visibility.
Eastern Cape Premier Oscar Mabuyane called the situation “a devastating reminder of nature’s force.”
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Global temperatures in 2024 exceeded the crucial 1.5°C threshold above pre-industrial levels for the first time, marking a serious warning for the world’s climate goals under the Paris Agreement, scientists said.
Wildfires and a severe heatwave sweeping across Europe have claimed the lives of two people in Spain and another two in France, while also causing the shutdown of a nuclear reactor in Switzerland.
Azerbaijan, Kazakhstan and Uzbekistan have established a joint venture to implement the Green Energy Corridor: Azerbaijan–Central Asia project aimed at building infrastructure for clean energy transmission and strengthening a regional energy cooperation.
A Clean Energy Centre will be officially launched during the 17th Economic Cooperation Organization (ECO) Summit, to be hosted by Azerbaijan this week, announced Asad M. Khan, Secretary General of the ECO.
The European Union plans to cut greenhouse gas emissions by 90% by 2040 and, for the first time, allow limited use of foreign carbon credits to meet the target.
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