A global promise to shift from fossil fuels faces significant hurdles. Economic ties to oil and powerful industry lobbying impede progress. Political will is also a key factor. Despite these challenges, renewable energy sources are expanding rapidly worldwide, offering a glimpse of future change.
HSBC is reportedly reducing its involvement in riskier private credit deals, according to the Financial Times. This move follows high-profile bankruptcies that have raised concerns about underwriting standards in the sector.
A severe heatwave across the US during its 250th Independence Day celebrations has resulted in over two dozen deaths, with New Jersey reporting at least 29 fatalities. Record temperatures were observed in numerous states, leading to health emergencies and the cancellation of public events.
Croatia has formally complained to FIFA, questioning the use of VAR and ball technology in their World Cup elimination by Portugal. The HNS argues that relying on imperceptible technological contact for offside calls undermines the spirit of football and the 'clear and obvious' error principle.
Fitness platform Cultfit has filed its draft red herring prospectus with India's SEBI for an IPO expected to raise Rs 3,500-4,000 crore. The offering includes a fresh issue of Rs 950 crore and an offer for sale by existing investors.
Prime Minister Narendra Modi received a Guard of Honour in Jakarta, Indonesia, on Tuesday. He held comprehensive bilateral discussions with Indonesian President Prabowo Subianto to strengthen their Comprehensive Strategic Partnership, focusing on defence, maritime coordination, and critical minerals.
China's test of a long-range ballistic missile from a submarine in the Pacific drew sharp criticism from the US and Indo-Pacific nations, who called it destabilizing and provocative amid escalating strategic competition.
