Author: wellingtontribune.com

India and Russia are advancing on a $100 billion trade target, with progress in currency settlements, banking, and balanced trade amid sector diversification and longstanding economic ties.

Severe turbulence injured eleven aboard Lufthansa’s Buenos Aires-Frankfurt flight. Despite the incident, the flight landed safely in Frankfurt, where the injured received immediate medical attention.

Austria faces a sharp decrease in fruit tree numbers, primarily apples, pears, and cherries, due to climate shifts impacting agricultural productivity and pushing for climate adaptation.

The U.S. government has directed TSMC to halt exports of advanced AI processors to China, imposing new restrictions on shipments due to national security concerns and compliance with trade regulations.

Russia’s gold holdings hit a record $207.7 billion in October, with gold now making up 32.9% of international reserves, reflecting a shift in strategy by the Bank of Russia.

The EU reaffirms climate commitment at COP29 in Azerbaijan, focusing on finance alignment with Paris goals, carbon market rules, and a 90% emissions reduction target by 2040.

Global energy efficiency investment reached a record USD 660 billion in 2024, growing by 4%, but the IEA warns more policies are needed to meet the international climate goals by 2030.

UN’s Rosemary DiCarlo praised South Korea’s peacebuilding role, highlighting discussions with Korean officials on security concerns, regional stability, and broader peace initiatives, including efforts on the Korean Peninsula.

WGEO unveils its COP29 agenda focused on global green economy goals, including high-level panels, capacity-building, and stakeholder engagement in Baku, Azerbaijan.

Germany’s Chancellor Scholz has removed Finance Minister Lindner amid budget policy tensions, calling for a Bundestag confidence vote on January 15 to secure his coalition’s mandate and stability.