International

Saturday, October 29th 2022 - 10:06 UTC
Carbon emissions forecast to peak in 2025

Global energy emissions have been forecast to be peaking by 2025 as a result of a shift in investments following Russia's invasion of Ukraine, which pushed renewable sources to the forefront, according to the International Energy Agency (IEA)'s annual World Energy Outlook report released this week.
Friday, October 28th 2022 - 20:21 UTC
Football World Cup trophy lands in Uruguay

The World Cup trophy that will be at stake later this year in Qatar landed Friday at Carrasco airport, where it was welcomed by Brazil's 2002 world champion Lucio, Vice President Beatriz Argimón, and Montevideo Mayor Carolina Cosse, together with Uruguayan Football Association authorities.
Friday, October 28th 2022 - 10:27 UTC
EU agrees carmakers must achieve 100% cut in CO2 emissions by 2035

The European Parliament and the European Commission agreed that carmakers must achieve a 100% cut in CO2 emissions by 2035. This means no new vans or cars with combustion engines, gasoline or diesel, are to be sold in the European Union from 2035.
Friday, October 28th 2022 - 09:41 UTC
Musk finally takes over Twitter and sacks many top executives

South African entrepreneur Elon Musk Thursday agreed to buy Twitter for US$ 44 billion and sacked many top executives as his first move proving he was in charge of the social media platform.
Thursday, October 27th 2022 - 19:33 UTC
Zuckerberg loses millions as Meta's stock plummets

Meta's stock fell 23% Thursday after the third quarter's results were released. The data showed the Reality Labs division (which encompasses its VR, XR, and Metaverse) posted US$ 3.7 billion in operating losses.
Thursday, October 27th 2022 - 10:16 UTC
UK's Autumn's budget delay to Nov 17, leaves BoE on the dark as to interest rate increase next week

Since British Chancellor of the Exchequer Jeremy Hunt pushed back this year's autumn statement (expected “mini budget”) --from Halloween to 17 November--. Bank of England who are meeting on 3 November have been left without guidance as to the government's tax and spending policies.
Thursday, October 27th 2022 - 10:14 UTC
Uruguay successfully issues US$ 1,5 billion “green linked bond,” with US$ 3,96 billon demand

On Friday October 20, Uruguay issued its first sustainability-linked bonds (SLB), with a step-down mechanism that is activated if it reaches certain environmental targets. The purpose is to align the country’s sovereign debt policy with its climate goals by issuing a bond that links the coupon to compliance with the climate and environmental goals that the country set in its first Naturally Determined Contribution (NDC) to the Paris Agreement.
Thursday, October 27th 2022 - 10:08 UTC
Boosted by fertilizers, Brazil/Canada bilateral trade breaking records

Another record year for Brazil/Canada bilateral trade. Between January and September of this year, the trade flow – which represents the sum of imports and exports – totaled US$ (FOB) 8.223 billion, surpassing the US$ (FOB) 7.497 billion accumulated in the 12 months of 2021.
Thursday, October 27th 2022 - 10:04 UTC
Controversy in EU over climate goals, war and companies suing states for their investments

Based on the so-called Energy Charter Treaty, ECT, which pretends to follow climate objectives, European energy companies have been suing their governments to protect their hydrocarbon investments in recent years. France and the Netherlands announced their intention to exit ECT last week saying it was not in line with the green plan. Italy pulled out in 2016, with Spain and Poland following in recent months. And more countries could follow, analysts say.
Thursday, October 27th 2022 - 09:56 UTC
UK: Sunak to announce strategy two weeks later than planned

Britain's newly-appointed Prime Minister Rishi Sunak Wednesday announced he was postponing the presentation of his plan to curb the country's current crisis and set Nov. 17 instead of Oct. 31 for the official launch.