The world’s 722 biggest companies collectively are making more than $1tn a year (£780bn) in windfall profits on the back of soaring energy prices and rising interest rates, according to research by development charities. The companies made $1.08tn this way in 2021 and $1.09tn last year, according to analysis of Forbes magazine data by the...
Global temperatures hit a record on Monday, underscoring the dangers of ever-increasing greenhouse gas emissions generated from burning fossil fuels. The average worldwide temperature was 17 degrees C (63F), just above the previous record of 16.9 degrees C reached in August 2016, according to data from the National Centers for Environmental Prediction. The new high...
Here’s something that will send a shiver up the spine of anyone who has battled termites—meaning just about every homeowner in Florida. That finding comes from more than 100 researchers across six continents who measured how fast termites ate blocks of dead wood left outside for at least a year in different regions with varying...
Abu Dhabi National Oil Company voiced concern about ‘potential criticism’ in green rebranding brief to ad agencies A Middle Eastern oil company led by the man chairing this year’s UN climate summit considered dropping “oil” from its name in green rebranding attempt. Leaked documents reveal that executives at the Abu Dhabi National Oil Company made...
Chinese Overseas Police Service Stations are known to be present in Israel and the UAE. However, their specific locations, functions, and extent are shrouded in secrecy. China’s footprint in the Middle East has grown significantly over the past two decades. The region has become central to China’s foreign policy within the Belt and Road Initiative (BRI)...
Saudi Arabia and UAE’s rivalry intensifies in race for foreign investments. The two Gulf neighbors have reached the point where they are enacting laws that contravene their common Gulf Cooperation Council goals. Intense competition between Gulf Cooperation Council members and geographical neighbors Saudi Arabia and the United Arab Emirates to attract foreign investments and foreign billionaires has...
Wagner’s businesses in Africa isolate and create dependent economies, not funding for private armies. The US Treasury Department on Tuesday sanctioned gold and diamond mining concerns connected to the Wagner group in Mali and the Central African Republic after Yevgeny Prigozhin, the mercenary group’s founder, attempted to stage a mutiny in Russia last weekend. The gold and diamond mining enterprises, as...
Marking a decade since the United Arab Emirates (UAE) authorities sentenced 60 members of Emirati civil society to lengthy prison terms in a mass trial, Heba Morayef, Amnesty International’s Regional Director for the Middle East and North Africa, said: “Although we are halfway through the year in which the UAE is in the international spotlight...
It was a smell that invoked a memory. Both for Emily Kuchlbauer in North Carolina and Ryan Bomba in Chicago. It was smoke from wildfires, the odor of an increasingly hot and occasionally on-fire world. Kuchlbauer had flashbacks to the surprise of soot coating her car three years ago when she was a recent college...
Wildfires are hurting many industries and could strain households across Canada, one of many countries reckoning with the impact of extreme weather. Canada’s wildfires have burned 20 million acres, blanketed Canadian and U.S. cities with smoke and raised health concerns on both sides of the border, with no end in sight. The toll on the Canadian economy is...