KINGSTON, JAMAICA — Walls of wind and rain now engulf Jamaica as Hurricane Melissa — a Category 5 superstorm and the most powerful of 2025 — tears across the island’s southern coast with sustained winds of up to 185 mph (295 km/h), making it the strongest storm ever to approach
In a move likely to stir debate ahead of the UN climate conference in Brazil, Bill Gates has urged world leaders to rethink their climate priorities — away from an exclusive focus on reducing carbon emissions and toward alleviating suffering in the world’s poorest regions. In a 17-page memo titled
New findings reveal that the world’s current climate commitments would slash emissions by only a fraction of what is needed to avoid catastrophic warming. A sweeping new United Nations analysis has found that the world’s collective climate pledges are nowhere near sufficient to keep global warming below 1.5°C, the critical
BRUSSELS — The European Commission has postponed full enforcement of its flagship deforestation law, giving companies more time to comply with one of the world’s most ambitious environmental trade regulations. The phased rollout, announced this week, reflects concerns that the EU’s digital infrastructure for processing due-diligence submissions is not yet
RABAT — Morocco has set a target to phase out coal-fired power generation by 2040, contingent on the availability of international climate finance to help fund its transition, the government announced this week. The plan marks a significant step for an emerging economy that remains heavily reliant on coal but
UNITED NATIONS — With COP30 set to convene in Belém, Brazil, global attention is turning to one of the world’s most underfunded yet essential climate priorities: forests. According to the new State of Finance for Forests report by the UN Environment Programme (UNEP), annual investments in forests must more than
Investor bloc moves ahead of COP in Brazil A coalition of institutional investors managing more than 3 trillion dollars in assets is calling on governments to adopt enforceable measures to stop and reverse deforestation by 2030. The group warns that continued forest loss poses material financial risks to global markets
A Global Convergence on Purpose-Driven Finance The Global Sukuk Summit 2025 convened leaders from finance, government, and development institutions in London this week to explore how Islamic capital markets can accelerate sustainable finance worldwide. Hosted by the Islamic Development Bank Group (IsDB) in partnership with the Financial Times Group, the
The 2025 IMF Annual Meetings in Washington ended with a stark message: the global economy’s resilience is wearing thin. Behind the handshakes and optimism of finance ministers and central bankers, the International Monetary Fund’s latest World Economic Outlook delivered a sobering verdict—growth is slowing, debt is mounting, and the fragile
La Paz, October 21, 2025 – Bolivia has elected Senator Rodrigo Paz as president, marking the end of nearly two decades of uninterrupted rule by the left-wing Movimiento al Socialismo (MAS). With 54.5 percent of the vote against former President Jorge Quiroga’s 45.5 percent, the result signals a decisive shift
