WASHINGTON — In a fresh reversal of post-Paris financial policy, U.S. banking regulators have withdrawn landmark guidance on climate-related financial risks, erasing a federal framework that had directed the largest banks to account for climate exposure in governance and risk management. The Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and
LONDON — The global effort to put a price on maritime emissions has run aground once again. The International Maritime Organization (IMO) voted to delay by one year a decision on a carbon pricing mechanism for shipping, following sustained pressure from the United States and Saudi Arabia and support from
Developers rush to build solar, wind, and battery projects before federal incentives vanish WASHINGTON — Across the United States, a quiet race is unfolding in the deserts of Nevada, the plains of Texas, and the coastlines of New England. Solar panels are rising, wind turbines are spinning, and massive batteries
WASHINGTON — The Trump Administration has canceled a massive solar energy project in Nevada that was expected to power nearly two million homes, a move that underscores the White House’s escalating campaign to slow the expansion of renewable energy across the United States. The project, known as Esmeralda 7, was
A Prize for Courage and Conviction In Oslo, the announcement drew a murmur of both surprise and inevitability. María Corina Machado, the Venezuelan opposition leader who for decades has challenged one of Latin America’s most entrenched regimes, was named the 2025 Nobel Peace Prize laureate. For many, it was the
The Sahel stretches across the spine of Africa like a fragile thread, a vast semi-arid belt where the desert meets the savannah and where, today, the future of millions hangs in the balance. The UN warned on Friday that nearly four million people have been uprooted across the region, forced
PARIS — In a decision that blends symbolism with strategic urgency, the executive board of UNESCO has nominated Egyptian Egyptologist and former minister Khaled el-Enany to serve as its next Director-General. If confirmed by the organization’s full membership next month, he will become the first Arab leader to helm the
A Government in Crisis PARIS — France has entered a new phase of political turmoil following the resignation of Prime Minister Sébastien Lecornu after less than a month in office. His abrupt departure comes amid growing economic pressure, widespread political fragmentation, and a fragile public mood. The resignation was announced
BRUSSELS — The European Union is preparing to confront the United States over the future of global development finance. As ministers gather for the World Bank and International Monetary Fund meetings this month, a widening divide between Brussels and Washington is emerging over how multilateral banks should respond to the
Japan is entering a moment of political change as Sanae Takaichi prepares to assume the mantle of prime minister. Her rise marks a historic milestone: she is expected to become the country’s first woman in that role. Her ideological leanings, policy priorities, and leadership style suggest both opportunities and challenges
