Green Climate Fund approved record funding to tackle global warming
The world’s largest climate fund approved a record volume of climate finance for developing countries, scaling up its efforts in response to growing...
In response to escalating trade tensions with the United States, China has unveiled a series of measures aimed at bolstering its economy, including increased borrowing and further interest rate cuts. These steps reflect Beijing’s determination to stabilize growth and shield itself from the impact of
In response to escalating trade tensions with the United States, China has announced a series of measures aimed at boosting its economy.
These steps include increased borrowing and further cuts to interest rates, reflecting Beijing’s determination to stabilize growth and counter the impact of re-elected U.S. President Donald Trump’s tariff threats.
The U.S.-China trade war, initiated under Trump’s previous administration, has led to tariffs on hundreds of billions of dollars worth of goods exchanged between the world’s two largest economies. China, heavily reliant on exports to the U.S., has faced significant challenges from the prolonged dispute.
To counteract the tariff pressures, China’s government has loosened fiscal constraints, allowing for increased borrowing by local governments and state-owned enterprises. These funds will support infrastructure projects, job creation, and boost domestic demand.
The People’s Bank of China (PBOC) has also signaled further reductions in benchmark interest rates to encourage lending and investment.
China’s strategy aims not only to offset the immediate effects of tariffs but also to strengthen long-term economic resilience by reducing its dependence on exports to the U.S. Politically, the measures project an image of strength and resilience, sending a message to both domestic and international audiences that China’s economy can withstand external pressures from the U.S. trade policies.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade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.
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 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.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
Indonesian rescue teams continue to search for 30 people missing after a ferry sank near Bali, with six confirmed dead and 29 rescued, amid difficult weather and sea conditions.
Russia has become the first country to formally recognise the Taliban government by accepting the credentials of a new Afghan ambassador, marking a significant diplomatic shift.
An explosion at a gas station in eastern Rome on Friday has injured multiple people and forced the closure of a nearby metro station, according to local media reports.
U.S. President Donald Trump said early on Friday he came away disappointed from a telephone call with Russian President Vladimir Putin because it does not appear the latter is looking to stop Russia's war against Ukraine.
More than a 1,000 civil society representatives gathered in Seville this week for a major United Nations conference on development financing, but many said they left feeling side lined and frustrated, with expectations already low before the event began.
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