Global debt hits record of over $324 trillion, says IIF
Global debt rose by around $7.5 trillion in the first three months of the year to hit a record high of over $324 trillion, data from a banking trade group showed on Tuesday.
Masdar, TotalEnergies and EPointZero, the decarbonisation division of 2PointZero, have signed a Framework for Action (FFA) agreement to expand clean energy access across Africa and Asia.
The collaboration across India, Africa, and Asia will scale up renewables and energy storage, ensuring reliable, sustainable power for millions, said in the press-release.
Masdar and TotalEnergies will work together to deliver reliable, sustainable electricity to communities in Africa, aiding in the long-term transformation of energy systems. They will also explore new clean energy opportunities in Southeast Asia.
TotalEnergies and EPointZero will also collaborate to support India’s decarbonization efforts through solar, wind, and energy storage projects.
The signing occurred during the third plenary meeting of the UAE-France High-Level Business Council in Paris, following discussions between UAE President Sheikh Mohamed bin Zayed Al Nahyan and French President Emmanuel Macron, who reaffirmed their countries' strategic partnership in climate action and clean energy solutions.
“Enabled by the strength of the UAE-France bilateral relationship, Masdar is proud to be working with TotalEnergies to help deliver clean energy access across Southeast Asia and Africa,” said Mohamed Jameel Al Ramahi, CEO of Masdar. "This agreement reflects our shared commitment to empowering local communities, driving socio-economic growth, sustainable progress, and advancing the global energy transformation.”
Stéphane Michel, President for Gas, Renewable, and Power at TotalEnergies, added, “We are now delighted to extend our partnership with Abu Dhabi to the development of renewable energies in emerging markets in Asia and Africa. By combining the strengths, expertise, and reach of Masdar, EPointZero, and TotalEnergies, we will certainly accelerate growth and enhance the quality of our investment in these rapidly developing markets.”
Kremlin spokesperson Dmitry Peskov has announced the upcoming release of a documentary film about Russian President Vladimir Putin.
India has fired a series of missiles into Pakistani-controlled territory, in what it has described as “Operation Sindoor”
ChatGPT has rapidly emerged as one of the most influential artificial intelligence tools, transforming how we interact with technology through natural language.
Discover every major VE Day 80 event in Britain, 5‑8 May 2025—from London’s parade and fly‑past to street parties, concerts and museum exhibitions.
New Tesla registrations in Denmark collapsed 67 % in April to 180 vehicles, industry data showed Thursday, underscoring a sharp demand drop for the EV maker in one of its once-strong European markets.
Latest data show dwindling river flows and worsening drought: these conditions are triggered by warmer-than-average weather and lower precipitation across much of the continent since the beginning of the year, according to the Drought in Europe – April 2025 report, published by the JRC.
In a boost for the green transition in the Middle East and North Africa, a joint guarantee agreement worth €300 million to facilitate the green transformation of urban areas and support the development of green hydrogen market in the Middle East and North Africa has been signed.
Transitioning to green agriculture requires a fundamental shift in budget priorities, sustainable practices, and consumer behavior, the UN Food and Agriculture Organization (FAO) emphasized at the 4th Agribusiness Development Forum held in Baku
On the sidelines of the Istanbul Natural Resources Summit, Azerbaijan’s Minister of Energy, Parviz Shahbazov, held bilateral meetings with Bulgarian Energy Minister Zhecho Stankov and Romanian Energy Minister Sebastian-Ioan Burduja.
The European Commission has announced the allocation of EUR 52 million in funding support through the EU Renewable Energy Financing Mechanism (RENEWFM) to nine renewable energy projects in Finland and Estonia.
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