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Subscribe to enjoy similar stories. Two decades of climate policy have delivered shockingly little impact—a negligible reduction in global emissions. A new study paints a bleaker picture: only 4% of policies—63 out of 1,500—made any substantial difference.

Modi on Thursday greeted his predecessor and Congress leader Manmohan Singh on his 92nd birthday. In a post on X (formerly Twitter), «Birthday greetings to former PM Dr. Manmohan Singh Ji. I pray that he is blessed with a long and healthy life.» Singh was India's Prime Minister between 2004 and 2014, and was the country's finance minister in the government headed by P V Narasimha Rao during 1991-96.

Trump argued Ukraine should have made concessions to Russian President Vladimir Putin in the months before Russia's February 2022 attack, declaring that even «the worst deal would've been better than what we have now.» Trump, who has long been critical of U.S. aid to Ukraine, frequently claims that Russia never would have invaded if he was president and that he would put an end to the war if he returned to the White House. But rarely has he discussed the conflict in such detail.

Azerbaijan, the UAE, and Brazil — the past, current, and next hosts of the UN climate conference — are set to increase their combined oil and gas production by 33 per cent by 2035, contradicting their commitments to lead global efforts for stronger climate action, according to a new analysis. The analysis, compiled by the US-based research and advocacy group Oil Change International using industry data, shows that the UAE and Brazil are on track to increase production by 37 per cent and 38 per cent, respectively, by 2035. Azerbaijan, which will host COP29 in Baku in November, is projected to see a four per cent rise in production. At the last UN climate summit in Dubai in November-December 2023, leaders made a historic commitment to transition away from fossil fuels, triple renewable energy capacity and double energy efficiency by 2030. Oil Change International said that the ongoing expansion of oil and gas investments undermines these commitments.

Pakistani officials say the executive board of the International Fund has approved a new $7 billion loan for the country

Russia-Ukraine conflict, the Russian Foreign Minister Sergey Lavrov met with his Chinese counterpart Wang Yi on the sidelines of the 79th United Nations General Assembly on Wednesday and discussed the ongoing Ukraine conflict. During their discussion, both leaders reiterated the sanctions imposed by the Western countries' violated UN Security Council resolutions and undermined global economic stability. «Sergey Lavrov and Wang Yi mentioned that Western countries' illegitimate sanctions imposed in circumvention of UN Security Council resolutions are unacceptable as they undermine the stability of the global economy and universal forms of trade and economic cooperation,» the Russian Ministry of Foreign Affairs said in a statement.

food catering firm Sodexo is exploring a potential acquisition of its U.S. rival Aramark, Bloomberg News reported on Wednesday. Sodexo has been periodically discussing the deal with food and facilities management provider Aramark in recent months, the report said, citing people familiar with the matter. However, there is no guarantee that the talks will lead to a deal and, in any case, a potential deal could face antitrust scrutiny. Sodexo would also need to secure the funds for such a sizeable acquisition, the report added.

AI research, development, and deployment can flourish, Vishal Dhupar, managing director, Asia South, Nvidia, tells Surabhi Agarwal. Dhupar believes India is witnessing a growing adoption of accelerated computing infrastructure but needs more investments. To compete effectively in the AI race and become an AI powerhouse, India must invest heavily in building its own computing capabilities, including servers, storage, and networking, he says. Edited Excerpts

Vice President Kamala Harris is pledging to build an economy that is both pro-business and helps the middle class as she pushes back against Republican nominee Donald Trump’s claims that she’s advancing “communist” ideas

A zoo in Finland has agreed with Chinese authorities to return two loaned giant pandas to China eight years ahead of schedule because they have become too expensive for the facility to maintain amid declining visitors

Sri Lanka’s new President Anura Kumara Dissanayake says that he will soon resume discussions with the International Monetary Fund and foreign creditors to plot a way out of the worst economic crisis in the country’s history

Cambodia has broken ground to build a $1.7 billion, China-funded canal to eventually link its capital Phnom Penh to the Gulf of Thailand

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

Housing demand, based on online searches, reported a 12.3% sequential rise in the September quarter amid an 8.3% increase in residential prices, according to the latest PropIndex Report by Magicbricks. Drawing on preferences from more than 20 million customers on the Magicbricks platform, the report detailed that cities such as Noida with 16.9% sequential rise, Gurugram with 15.5%, and Greater Noida with 15.1% growth saw the highest increases in residential prices in the country during this period. The report also indicated that demand for 3BHK units continues to dominate, comprising half or more of total demand in most cities, except for Chennai, Navi Mumbai, and Thane, where 2BHK units remain the preferred choice.

Chinese economy is already on the brink of a major crisis, with major recession fears building up towards the end of the year. Moreover, it was real estate till now, that was a major recession indicator, with housing or property loan drastically dropping down from the bank's assets, but this time the nation's baking sector is also in a big fix, and needs a resolve at the earliest or else there is no saying how badly it could impact the country's economy.

National Daughters Day 2024 falls on September 25. Some countries also observe National Daughters Day on the fourth Sunday.

G20 countries and its expansion will propel the global economy, OECD chief economist Álvaro Pereira said. He remained optimistic about domestic demand maintaining its upward trajectory. Pereira also flagged the need for continued emphasis on improvement in the country’s business climate and skill sets. “India is the champion of growth in G20 and continues to show a very strong and broad-based performance,” Pereira told ET in an interview. The Organisation for Economic Cooperation and Development (OECD) raised the country’s growth forecast to 6.7% for FY25 and 6.8% for FY26, a revision of 1 and 2 basis points, respectively, with an upside risk. 'Significant Reforms’

core inflation headed further south points to likely excess capacity in various pockets of the economy, buttressing the case for an immediate cut in policy rates, although geopolitics could have a disproportionate say on the cost of debt globally, said Jahangir Aziz, head, emerging markets economics at JP Morgan Chase. India's June core consumer inflation, which strips out the impact of transitory fuel and food prices, was at 3.14% — the lowest since the inception of the gauge in 2012. Core inflation has been declining since the beginning of the year. «In any economy, when you have sustained declines in core inflation, it not only means that the country has excess capacity, but also that the excess capacity is widening and not narrowing,» Aziz told ET. «So, if you have a country in which the excess capacity is widening, then your interest rates are far too restrictive and, therefore, interest rate needs to be recalibrated lower.»

debt-to-GDP ratio at 18.7%, its debt service ratio at 6.7% and foreign exchange reserves-to-external debt ratio at 97.4% are «within the comfort zone» and way better than many middle-income countries, finance minister Nirmala Sitharaman said. In a foreword to a status report released by the finance ministry, Sitharaman underscored that India's external debt «remains sustainable and prudently managed». The country's external debt rose 6.4% from a year before to touch $663.8 billion as of March 2024, according to the status report, firmed up by the department of economic affairs.

National Association of Wholesaler-Distributors CEO Eric Hoplin discusses potential port strikes on Mornings with Maria.

Putin says that a nuclear power supporting another country's attack on Russia will be considered a participant in aggression. Speaking during Wednesday's meeting of Russia's Security Council that considered changes in Russia's nuclear doctrine, Putin announced that a revised version of the document says that an attack against Russia by a non-nuclear power with support of a nuclear power will be seen as their "joint attack on the Russian Federation." Putin didn't specify whether Russia could respond to such an attack with nuclear weapons. The change in the doctrine follows Putin's warning to the U.S.