13 h. ago Average person will be 40% poorer if world warms by 4C, new research shows

Experts say previous economic models underestimated impact of global heating – as well as likely ‘cascading supply chain disruptions’Economic models have systematically underestimated how global heating will affect people’s wealth, according to a new study that finds 4C warming will make the average person 40% poorer – an almost four-fold increase on some estimates.The study, by Australian scientists, says average global GDP per person will be reduced by 16% even if warming is kept to 2C higher, , much higher than previous estimates of a drop of about 1.4%. Continue reading...

Events

1 week ago New analysis says Trump budget plan will take from poorest 40 percent to give to wealthy

Both Medicaid and SNAP would suffer hundreds of billions in cuts, according to the analysis

Politics

1 week ago Nvidia to spend hundreds of billions on US supply chain over next 4 years, says chief

Jensen Huang’s chip pledge follows onshoring plans by other tech companies as Donald Trump’s trade policies ripple through industry

Economics

1 week ago Nvidia to spend hundreds of billions on US supply chain, says chief

Jensen Huang’s pledge follows onshoring plans by other tech companies as Trump trade policies ripple through industry

Economics

2 w. ago German MPs approve €500bn spending boost to counter ‘Putin’s war of aggression’

Historic levels of spending on military and infrastructure secured in Bundestag with last-minute backing of GreensGermany’s parliament has voted in favour of unleashing historic levels of spending to boost the military of Europe’s biggest economy and inject its infrastructure with investments worth hundreds of billions of euros.The conservatives of Friedrich Merz and the Social Democrats (SPD), who are likely to form a new coalition following last month’s election, led the drive for the creation of a €500bn fund and relaxation of its constitutionally protected debt rules. They secured the last-minute backing of the Greens, which was needed to push the plans through the outgoing parliament. Continue reading...

Politics

2 w. ago Donald Trump's claims he personally raised 'hundreds of billions' for NATO in unhinged rant

The US President boasted about pressuring European countries to boost military spending during his first presidential term in 2017 - claiming he raised 'hundreds of billions of dollars' for NATO

Politics

2 w. ago Indonesian fishermen sue Bumble Bee and say the canned tuna giant knew of abuse in its supply chain

Lawyers representing four Indonesian fishermen say they were beaten and trapped on vessels that were part of the global supply chain that provided tuna to Bumble Bee Seafoods

Events

2 w. ago The state of procurement: tackling inflation, supply chain disruptions, and cybersecurity risks

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Events

3 w. ago Trump vows to take ‘hundreds of billions’ in tariffs as Australia’s hopes of getting exemption fades

Australia unlikely to escape US president’s global steel and aluminium tariffs despite intense lobbying to be carved outFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastAustralia’s chances of escaping America’s global steel and aluminium tariffs appear all but extinguished, with the US president reconfirming his commitment to a comprehensive tariff regime he argues will be “the greatest thing we’ve ever done as a country”.“We’re going to take in hundreds of billions of dollars in tariffs, and we’re going to become so rich, you’re not going to know where to spend all that money,” Donald Trump told reporters on board Air Force One flying from Florida to Washington DC.Sign up for Guardian Australia’s breaking news email Continue reading...

Politics

3 w. ago Furious Russia condemns European 'threat' and compares Macron to Hitler and Napoleon after EU agrees massive war chest to rearm and France offers to protect continent with nuclear shield

The Kremlin's fury came hours after Macron, EU leaders and Volodymyr Zelensky met in Brussels for a landmark summit and agreed to free up hundreds of billions of euros for defence

Events

3 w. ago Furious Russia condemns European 'threat' and compares Macron to Hitler after EU agrees massive war chest to rearm and France offers to protect continent with nuclear shield

The Kremlin's fury came hours after Macron, EU leaders and Volodymyr Zelensky met in Brussels for a landmark summit and agreed to free up hundreds of billions of euros for defence

Events