Hungary's opposition flags "New Deal" to kickstart stagnating economy
Hungary’s opposition leader Péter Magyar announced that his Tisza party will introduce a "Hungarian New Deal" to revitalise the country’s slowing...
COP29's venue buzzed with cultural displays as countries set up pavilions offering unique experiences. Delegates and visitors lined up to sample free beverages, watch dance performances, and engage in virtual reality games.
COP29's venue buzzed with cultural displays as countries set up pavilions offering unique experiences. Delegates and visitors lined up to sample free beverages, watch dance performances, and engage in virtual reality games.
Azerbaijan’s pavilion featured traditional tea served by staff in cultural attire, while Portugal’s stand offered a virtual surfing experience, adding a festive touch to the otherwise intense summit atmosphere.
However, behind the cultural celebrations, key negotiations on climate finance are continuing. A central focus of COP29 is whether wealthier nations, development lenders, and the private sector can agree on a new annual target to help developing countries finance their transition to greener energy and adapt to climate change.
Despite these discussions being critical to the summit’s success, progress is slow, with significant disagreements still lingering. EU officials expressed concern that negotiations were "way off" from reaching an agreement on the financial commitments needed.
Meanwhile, activists outside the venue staged protests, demanding that developed nations increase their financial support for poorer countries struggling to address the impacts of climate change.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Dozens of international and domestic flights were cancelled or delayed after Mount Lewotobi Laki Laki erupted on Monday, but Bali’s main airport remains operational.
French member of parliament Olivier Marleix was found dead at his home on Monday, with suicide being considered a possible cause.
EBRD stated that Ukraine urgently needs new generation capacity after Russian attacks severely damaged its power sector, creating a significant shortfall in electricity generation. In response, the bank announced the launch of the Ukraine Renewable Energy Risk Mitigation Mechanism.
Azerbaijan intends to bring ten wind and solar plants online by 2027 and channel about $2.7 billion into clean-energy projects, lifting renewables to one-third of its generating capacity and positioning the Caspian state as a new supplier of green electricity to Europe.
Masdar, Abu Dhabi’s state-owned renewable energy company, and Iberdrola, one of the world’s largest energy firms, have signed two major agreements as part of their €15 billion (almost $17.6 bn) alliance to expand offshore wind and green hydrogen projects in the UK, Germany, and the United States.
A searing heat wave sweeping in from Western Europe has gripped Greece, prompting emergency measures as temperatures soar across the country.
At the 17th Economic Cooperation Organization (ECO) Summit on 4 July in Khankendi in Azerbaijan, expressed support to the bid by the Republic of Türkiye to host COP31 in 2026. Antalya has been proposed as host city for COP31.
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