The super-rich’s safe haven that is defying the global downturn UAE was the strongest growing market for private wealth in 2022. Signature Cocktails Collection Dubai has defied a global downturn in the fortunes of the super rich after becoming a haven for Russian money. The United Arab Emirates was the strongest growing market for private...
An area of tropical forest the size of Switzerland was lost last year as tree losses surged, according to new research. It means that a political pledge to end deforestation made at COP26 by world leaders is well off track. Some 11 football pitches of forest were lost every minute in 2022, with Brazil dominating the...
NOAA precipitation estimates that engineers and planners use to design bridges, roads and other infrastructure are decades out of date because of climate change CLIMATEWIRE | At a tiny airport in the northwestern corner of Massachusetts, a weather station feeds precipitation data to a NOAA program that publishes the official precipitation estimates for most of the...
SINGAPORE, June 26 (Reuters) – More than 90% of the world’s marine food supplies are at risk from environmental changes such as rising temperatures and pollution, with top producers like China, Norway and the United States facing the biggest threat, new research showed on Monday. “Blue food” includes more than 2,190 species of fish, shellfish,...
Countries that import the most oil will have to make the biggest contribution to the fund The biggest achievement at the annual United Nations climate summit last year was committing to create a fund that would compensate the poorest for destruction wrought by global warming. One of the questions at the upcoming COP28 summit will...
Ecosystems threatened by climate change can collapse faster than those faced with additional stresses such as bad agricultural practices, new research suggests. The findings shed light on what could happen in the coming decades if global warming continues to put the natural environment under strain. Researchers have said that while ecosystems can collapse rapidly, they also have the ability to recover...
Amidst the world’s scrutiny, it is surprising that no envoy has yet been sent to Dubai, where the global future of the Kremlin’s mercenary army can be understood. For years, the United Arab Emirates has served as a de facto “current and savings account” for Prigozhin, facilitating his operations in the extended Middle East and...
Russia’s Wagner Group precipitated Sudan’s destructive civil war by assisting both the Rapid Support Forces (RSF) of Sudanese General Mohammed Dagalo aka “Hemeti” and General Abdel Fattah al-Burhan, the military commander of Sudan’s Armed Forces (SAF). Both did business with Yevgeny Prigozhin, Wagner’s head and confidant of Vladimir Putin, who expanded his wealth and power by...
Climate change is one of the most daunting challenges of our times. It is undoubtedly an existential threat to human survival on the planet. Despite large-scale efforts over the past few decades, awareness on the subject is still limited, and hampered by political, economic, social and cultural considerations.Former US Vice President Al Gore’s documentary film...
Climate change is an unfortunate reality that is going to reshape many parts of our world — and investing is likely no exception. According to a recent study by the International Finance Corporation (IFC), “effects on returns from climate change are inevitable,” with — perhaps unsurprisingly — “the energy sector most significantly impacted.” As a citizen of a...