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...
Russian President Vladimir Putin and Chinese President Xi Jinping reaffirmed their strategic partnership during WWII victory celebrations in Moscow, emphasizing unity against neo-Nazism and unilateral global actions.
Russian President Vladimir Putin expressed gratitude to Chinese President Xi Jinping for attending ceremonies commemorating the 80th anniversary of victory in World War Two, highlighting a shared commitment to historical memory and contemporary geopolitical alignment.
Putin referred to the Soviet victory over Nazi Germany as "sacred" and said the presence of China’s leader at the events underlined the strength of the bilateral relationship. He emphasized that Russia and China are united in their efforts to preserve the historical truth and to counter current forms of neo-Nazism and militarism.
“The victory over fascism, achieved through immense sacrifice, carries enduring importance,” Putin told Xi on Thursday. “Together with our Chinese friends, we safeguard historical truth and oppose modern expressions of neo-Nazism.”
Xi, in turn, reaffirmed that China and Russia - both permanent members of the United Nations Security Council - will continue to oppose unilateralism.
He added that both countries are committed to promoting a shared understanding of World War Two, defending the UN’s authority, and advocating for a multipolar world and more inclusive global economic order.
Xi’s visit is expected to result in new bilateral agreements deepening the "no limits" partnership declared by Russia and China in early 2022. China, now Russia’s top trading partner, has provided economic support by increasing imports of Russian oil and gas, helping Moscow mitigate the impact of Western sanctions.
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The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade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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