Chery and BYD face $53 million repayment after audit questions Chinese green-car subsidies
Two of China’s biggest electric-vehicle makers may have to return a combined 373 million yuan (about $53 million) in state aid after a government au...
China is facing devastating temperature rise in the coastal waters.
In 2024, the average temperature of China’s coastal waters hit a new peak of 21.50°C (70.7°F), marking the second consecutive year of rising temperatures. This occurred during what was recorded as the hottest year globally since tracking began.
China, recognized for its high vulnerability to climate change, is under increasing pressure to respond to rapidly evolving weather patterns and the accelerating rise in sea levels, which is happening faster than the global average. Throughout the past year, the country faced a series of extreme weather events, including the devastating Super Typhoon Yagi, which impacted southern Hainan in September, and the strongest storm to affect Shanghai since 1949.
The National Marine Environmental Forecasting Center reported that the average sea surface temperature increased by 0.15°C compared to 2023, and by 1.16°C over the "normal" reference period from 1981 to 2010. In a statement issued on its WeChat account on January 10, the center warned that the warming of oceans could lead to more frequent and severe weather events, posing growing risks to communities and industries.
The center also emphasized that ocean warming is responsible for roughly one-third of the global rise in sea levels, threatening coastal and low-lying regions with greater risks, including land erosion. Looking to the future, the center stated it would closely monitor global sea temperatures in 2025. Additionally, scientists highlighted that global temperatures in 2024 exceeded 1.5°C above pre-industrial levels for the first time, pushing the world closer to breaching the targets set by the 2015 Paris Agreement.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
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.
On July 4, Azerbaijani President Ilham Aliyev met with Turkish President Recep Tayyip Erdoğan in Khankendi, reaffirming the deep-rooted alliance between the two nations.
The 17th Summit of the Economic Cooperation Organization (ECO) was successfully held in Khankendi, Azerbaijan, highlighting the region’s revival and the deepening economic cooperation among member states.
France recorded over 100 drowning deaths in just one month — a 58% rise from last year — as unusually high temperatures drove more people to water, public health officials say.
Germany’s public debt is projected to climb from 62.5% to 74% of GDP by 2030, driven by record defence and infrastructure spending, according to a report by the European rating agency Scope.
Migration offset natural decline for the fourth consecutive year, pushing the European Union’s population to an historic high of 450.4 million in 2024, according to Eurostat figures released on Friday.
The global oil market may be tighter than headline supply-demand figures suggest, the International Energy Agency (IEA) said Friday, citing rising refinery activity and seasonal summer demand as key drivers of short-term market pressure.
China’s exports are expected to have grown 5% in June as manufacturers hurried goods abroad ahead of a 12 August deadline that could see the U.S. restore punitive tariffs, a Reuters survey of economists indicates.
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