The floods, droughts, wildfires and extreme heat sweeping the globe are offering a dose of the climate future that scientists have warned about for decades — and all the ways the world is not ready. From a nearly depleted federal disaster fund to state insurance markets that are faltering under the weight of multiple catastrophes, extreme weather is testing the ability of...
On Friday, the London Bullion Market Association, which regulates the United Kingdom capital’s metals market, suspended Emirates Gold DMCC’s affiliate membership after conducting a review. Two of the ultimate beneficial owners of Emirates Gold are relatives of Zimbabwean businessmen Simon Rudland and Howard Baker, according to Bloomberg sources familiar with the UAE decision. A documentary...
recent study led by a University College London researcher, published in Nature Ecology & Evolution, reveals that climate change could suddenly thrust species beyond critical thresholds as they encounter unanticipated temperatures within their geographic habitats. The study forecasts the timeline and locations where species worldwide may be subjected to potentially dangerous temperature changes due to climate change. The research team...
The United Arab Emirates has become a key trade hub for Russian gold since Western sanctions over Ukraine cut Russia’s more traditional export routes, Russian customs records show. The records, which contain details of nearly a thousand gold shipments in the year since the Ukraine war started, show the Gulf state imported 75.7 tonnes of...
Iranian media continued criticizing Russia for questioning Iran’s ownership of three small islands in the Persian Gulf contested by the United Arab Emirates. Iranian media and social media users were deeply annoyed when Russia joined the Persian Gulf Arab states earlier this week to demand a settlement to the dispute over the ownership of the islands Iran...
The US says it will not “under any circumstances” pay reparations to developing countries hit by climate change-fuelled disasters. Climate envoy John Kerry made the remarks at a Congress hearing before flying to China to discuss the issue. Some countries want major economies – which produce the most greenhouse gases – to pay for past...
Gulf heavyweights view the conflict as an opportunity to cement their hegemonic status in the Middle East. Fighting in Sudan, now in its third month, shows no signs of abating. The country’s two rival generals have flouted multiple cease-fires as they vie for control. Abdel Fattah al-Burhan, who first gained power after the 2019 ousting...
A US citizen established front companies in Iran, the UAE and Panama, purchased oil tankers and used false shipping documents to carry out two multi-year schemes to evade sanctions on Iranian petroleum trade, US authorities say. The US Department of Justice says Behrouz Mokhtari, a 72-year-old Virginia resident with ties to Tehran, pleaded guilty to...
The color changes reflect significant shifts in essential marine ecosystems. The ocean’s color has changed significantly over the last 20 years, and the global trend is likely a consequence of human-induced climate change, report scientists at MIT, the National Oceanography Center in the U.K., and elsewhere. In a study appearing today in Nature, the team writes...
Tehran summoned Russia’s ambassador on Wednesday over a Moscow-endorsed statement on three Gulf islands disputed by Iran and the United Arab Emirates. The three isles of Abu Musa, Greater Tunb and Lesser Tunb are claimed by both Tehran and the UAE, but have been held by Iran since 1971 — during the time of the...