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World must triple investment in renewable energy: UN report

Geneva, Switzerland | Xinhua | Global investments in renewable energy should be tripled by 2050, in order to put the world on the trajectory towards net zero emissions, according to the latest report released by the World Meteorological Organization (WMO) on Tuesday. The supply of electricity from clean energy sources must …

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IMF downgrades 2023 global growth forecast to 2.7 pct

Washington, U.S. | Xinhua | The International Monetary Fund (IMF) on Tuesday projected the global economy to grow by 3.2 percent this year and 2.7 percent in 2023, with a downward 0.2-percentage-point revision for 2023 from the July forecast, according to the latest World Economic Outlook (WEO) report. The global economy …

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Putin denounces Crimean Bridge explosion as terrorist act

Moscow, Russia |  Xinhua | The explosion on the Crimean Bridge was no doubt a terrorist act aimed at destroying Russia’s critical civilian infrastructure, Russian President Vladimir Putin said Sunday. “Ukraine’s special services were the initiators, performers and masterminds,” Putin said when meeting with Chairman of the Russian Investigative Committee …

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Strikes in France’s TotalEnergies, ExxonMobil refineries fuel panics

Paris, France  | Xinhua | The strike continued in TotalEnergies and ExxonMobil refineries, the General Confederation of Labour (CGT) said on Saturday, leading to fuel-related panics in the country. According to the Ministry for Energy Transition, 20.7 percent of service stations were experiencing difficulties with at least one product on Saturday, compared to …

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Putin orders intensified measures to protect Crimea-related facilities

Moscow, Russia | Xinhua | Russian President Vladimir Putin signed a decree on Saturday to strengthen measures for protecting transport crossing through the Kerch Strait, the power grid connecting Crimea and the main gas pipeline to the peninsula. Putin authorized the Russian Federal Security Service to organize and coordinate measures to …

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Global food prices decline but remain near all-time highs

Rome, Italy | Xinhua | Global food prices slipped for the sixth consecutive month in September, as lower demand and strong production levels helped balance the impacts of higher energy and transportation costs, the United Nations Food and Agriculture Organization (FAO) reported Friday. The monthly FAO Food Price Index, averaging 136.3 …

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41st ICAO reaches agreement on net-zero carbon emissions by 2050

Montreal, Canada | Xinhua | The International Civil Aviation Organization (ICAO) announced Friday it has reached historic agreement on a goal of net-zero carbon emissions for international flights by 2050. Member states meeting at the ICAO assembly in the Canadian city of Montreal have adopted a collective long-term aspirational goal (LTAG) …

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French politicians call for dialogues between TotalEnergies and strikers

Paris, France | Xinhua | Several French politicians, including President Emmanuel Macron, called on Friday for dialogues and responsibility between TotalEnergies strikers and the company as strikes led to fuel-related panics. Several Total service stations have been closed in the country, provoking fear among the French of fuel shortage. The strikers’ …

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IMF chief highlights “fundamental shift” in global economy

Washington, U.S. | Xinhua | The International Monetary Fund (IMF) chief said Thursday there is a “fundamental shift” in the global economy, urging countries to bring down inflation, put in place responsible fiscal policy, and jointly support emerging market and developing economies. The global economy is moving “from a world of …

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