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JP Morgan warns of possible U.S. recession in late 2025
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.
Magnitude 5.5 quake hits Japan’s Tokara Islands, no tsunami or damage
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
U.S. lifts ethane export curbs to China as trade truce gains ground
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade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.
EU plans to use foreign carbon credits for 2040 climate goal
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 expands flood relief, adds livestock compensation
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Green
European Commission proposes carbon credits for 2040 climate target
The European Commission has put forward a proposal allowing carbon credits purchased from developing countries to be counted towards the EU’s 2040 climate target for the first time. The move, announced on Wednesday, has drawn criticism from campaigners and some scientists.
EU proposes new target to reduce greenhouse gas emissions 90% by 2040
The European Commission has proposed an amendment to the EU Climate Law aimed at reducing net greenhouse gas emissions 90% by 2040, compared with 1990 levels.
Why 2024’s climate milestones matter for our extreme weather future
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.
Two die in Spain wildfire, two deaths in France from European heatwave
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 to build Green Energy Corridor
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.
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