Category : News
Despite banking turmoil, the ECB continues to hike rates
In spite of financial market chaos and calls by investors to dial back policy tightening at least until sentiment stabilizes, the European Central Bank (ECB) raised interest rates by 50 basis points on Thursday in an attempt to curb inflation. According to Reuters, the ECB has been raising rates at its......
India will have the largest green railway in the world by 2030
Indian Railways will become the world’s largest green railway network by 2030, which will contribute significantly to climate action. When Indian Railway reaches its goal of 100 percent electrification in seven years, it will become a “net-zero carbon emitter.” The rail system in Uttar Pradesh, India’s most populous state, has......
Thefts of cars and bikes increases as Pakistan is on the brink of civil war
It is possible that Pakistan’s economic crisis will be worse than Sri Lanka’s last year. Due to the economic meltdown, hungry, poor, and armed Pakistanis are stealing cars and bikes. The masses are clashing with the police across various cities as the country is on the verge of a civil......
Global climate action will be supported by Egypt and UAE at COP28
The Egyptian Foreign Minister, Sameh Shoukry, reiterated Egypt’s commitment to continuing to work closely with the UAE during its presidency of COP28. To address the critical challenges facing developed countries, he highlighted the importance of maintaining the commitment of developed countries to their financing pledges, as well as accelerating the......
Vatican to return three Parthenon sculptures to Greece
Two centuries after they were stolen, three Parthenon sculpture fragments are being returned to Greece. Western museums are increasingly settling restitution disputes. It is not necessarily a state-to-state transfer, but Vatican officials should return to the Orthodox Christian archbishop of Athens and all Greece. AP reports that the British Museum......
UK government denies that the expulsion of asylum seekers is illegal
Suella Braverman, Britain’s interior minister, said the government’s plan to stop almost all migrants from claiming asylum was legal despite warnings that it would violate international law. According to Reuters, lawyers and charities said the plans would violate the UN convention on refugees, introduced after many countries turned away Jewish......
Missouri gun law ruled unconstitutional by federal judge
A Missouri state law declaring several federal gun laws invalid is unconstitutional, giving the Department of Justice a victory. A law signed by Republican Governor Mike Parson in 2021 declared that certain federal gun laws violated the constitution’s Second Amendment, Reuters reports. A federal judge in Jefferson City, Missouri, ruled......
Olena Zelenska receives $4 million in humanitarian aid from UAE President
The UAE President, His Highness Sheikh Mohammed bin Zayed Al Nahyan, met with Olena Zelenska, the First Lady of Ukraine and the Chairwoman of the Olena Zelenska Foundation today. Her visit to the UAE is in connection with the Forbes 30/50 Summit in Abu Dhabi this week. At the Qasr......
President of UAE receives Italian PM Meloni
A two-day visit by Italian Prime Minister Giorgia Meloni to the UAE was hosted by UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan today. He expressed his hope that Prime Minister Meloni’s first visit to the UAE would provide a strong impetus for the development of relations between......
US pledges $6 billion investment in climate and ocean projects
U.S. State Department on Friday announced $6 billion in funding commitments for ocean protection and climate change fighting. U.S. climate envoy John Kerry announced the amount at an oceans conference in Panama on Thursday and it encompasses 77 commitments, the Department of State said. State Department data shows that some......