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 c...
Turkish authorities detained Istanbul Mayor Ekrem İmamoğlu on Wednesday on charges including corruption, aiding a terrorist group, and leading a criminal organization. The Republican People’s Party (CHP) condemned the arrest, calling it politically motivated.
Prosecutors allege İmamoğlu and his associates collaborated with the Peoples’ Democratic Congress (HDK), a group linked to the PKK, during the March 31, 2024, elections. Authorities claim 18 city council members with suspected ties have been detained. The probe also includes financial crimes, with İmamoğlu and 99 others accused of "leading a criminal organization," "bribery," and "fraud." Officials say 87 people, including İmamoğlu and his advisor Murat Ongun, are in custody.
The detention comes after Istanbul University annulled İmamoğlu’s degree, a move that, if upheld, could bar him from running in the 2028 presidential election. In a video posted on his X account, İmamoğlu vowed to continue his political fight despite the charges.
Government officials defend the investigation as a necessary legal process, while opposition figures claim it is an attempt to sideline a key political rival. Meanwhile, prosecutors clarified that no investigation has been launched into social media posts about the case but warned that provocative or illegal online activity is being monitored.
The case remains ongoing, with further developments expected.
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.
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The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade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.
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.
At least seven people remain missing following a massive explosion at a fireworks warehouse in the town of Esparto, Northern California, according to a report by NBC News citing local officials.
A delegation from Azerbaijan, led by MP Qaya Məmmədov, took part in the annual session of the Organisation for Security and Cooperation in Europe Parliamentary Assembly (OSCE PA), held from 28 June to 3 July in Porto, Portugal.
Chinese scientists have unveiled PlantGPT, the first large language model-based artificial intelligence designed specifically for plant functional genomics.
UN Secretary-General António Guterres on Thursday warned that the humanitarian situation in the Gaza Strip has reached a critical level and called for an immediate and lasting ceasefire. He emphasised that vital infrastructure is on the verge of collapse due to a severe fuel shortage.
The US House of Representatives approved a significant tax-cut and spending bill on Thursday, passing it by a narrow margin of 218 to 214. The legislation has now been sent to President Donald Trump for his signature.
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