Author: HeraldStar

11 November, 2024, Baku: Today, Parties assembled for the first day of the UN Climate Change Conference achieved a critical early success by reaching consensus on standards for the creation of carbon credits under Article 6.4 of the Paris Agreement. This will enable climate action by increasing demand for carbon credits and ensure that the international carbon market operates with integrity under the supervision of the United Nations. Commenting on the outcome, COP29 President Mukhtar Babayev said, “This will be a game-changing tool to direct resources to the developing world. Following years of stalemate, the breakthroughs in Baku have now begun. But…

By Wang Kai Five days after the European Union Commission announced a tiered anti-subsidy tariffs ranging between 17% and 35.3% on electric vehicles imported from China, China’s Ministry of Commerce filed lawsuit with WTO on Monday, calling EU’s decision “unacceptable and a serious violation of WTO rules.” Bilateral talks are still going on after Brussels dispatched a technical team to Beijing for a new phase of talks on price commitment. Italian President Sergio Mattarella is visiting China from Thursday on the heels of French Minister Delegate Sophie Primas, which are considered as moves to avoid further escalation. Still room for…

By Qaiser Nawab The 2024 U.S. presidential election has culminated in one of the most tumultuous and divisive outcomes in recent American history. Donald Trump has secured a landslide victory, winning 270 electoral votes against Kamala Harris’s 224, thus becoming only the second Republican president in two decades to clinch a second term—the first being George W. Bush from 2001 to 2009. This election was not merely a domestic affair; it served as a global barometer, reflecting and influencing socio-political dynamics across the world. Trump’s triumph is emblematic of the enduring strength of populist rhetoric and the persistent appeal of…

Aston Villa’s perfect start to the 2024 Champions League campaign was brought to an unexpected end on Wednesday, as they suffered a 1-0 defeat to Belgian side Club Brugge. The match, which marked Villa’s return to Europe’s top competition for the first time in 41 years, turned into a frustrating spectacle for the visitors, with Tyrone Mings at the center of a bizarre moment that led to the only goal of the game. The bizarre incident occurred early in the second half when Villa’s Mings, in a moment of confusion, picked up the ball after goalkeeper Emi Martinez had passed…

Shakhtar Donetsk secured a vital 2-1 victory over Swiss side Young Boys in their Champions League group match on Wednesday, with a quick-fire double that turned the game around. Young Boys took the lead in the 27th minute when Kastriot Imeri found the back of the net from close range, but Shakhtar Donetsk responded swiftly. Just four minutes later, Oleksandr Zubkov leveled the score, tapping in to make it 1-1. The hosts, playing in Gelsenkirchen, Germany, continued to build momentum, and Georgiy Sudakov delivered the crucial blow just before the break, putting Shakhtar ahead 2-1 in the 41st minute. Despite…

A recent scientific study revealed that human-driven climate change played a crucial role in supercharging Hurricane Helene, which devastated parts of the U.S. in September. The analysis found that the exceptionally warm waters Helene traversed before making landfall were up to 500 times more likely due to climate change, significantly amplifying the storm’s strength and rainfall. Helene’s winds and rains were 11% and 10% more intense, respectively, with the storm causing catastrophic flooding across six states and claiming over 230 lives. Researchers from the World Weather Attribution network discovered that the warm waters fueling the storm were approximately 3.6 degrees…

U.S. stocks surged to unprecedented heights on Wednesday following Donald Trump’s dramatic comeback in the 2024 presidential election. After four years out of the White House, Trump’s victory sparked optimism in financial markets, with the Dow Industrials, S&P 500, and Nasdaq Composite all reaching record levels. Investors are expecting the return of lower taxes, deregulation, and policies aimed at boosting business growth. The rally, often referred to as “Trump trades,” led to significant gains across major sectors, notably financial stocks, with the S&P 500 bank index rising nearly 10%. The market’s optimism was evident as the Dow jumped 1,450 points…

Billionaire Elon Musk is set to benefit significantly from his close ties with U.S. President-elect Donald Trump, following Musk’s strong support during the 2024 campaign. Tesla shares surged by 14% after Trump’s victory over Vice President Kamala Harris, with Musk donating millions to the campaign and gaining influence as a potential head of a government efficiency commission designed to cut federal spending. Musk’s influence will be bolstered by his already significant role in U.S. defense through Starlink, as well as his leadership at Tesla. While Musk benefited from policies Trump disliked, such as solar and electric vehicle incentives, the shift…

Oil prices ended lower on Wednesday as the market balanced the impact of a stronger U.S. dollar and the potential for U.S. President-elect Donald Trump’s foreign policy to disrupt global oil supply. Brent crude futures dropped by 61 cents, or 0.81%, settling at $74.92 per barrel. U.S. West Texas Intermediate (WTI) crude saw a smaller dip, falling 30 cents or 0.42%, to $71.69. The initial sell-off following Trump’s election caused oil prices to fall by over $2 per barrel early in the day, as the dollar surged to its highest level since September 2022. A stronger dollar typically makes oil,…

As Donald Trump gears up to return to the White House, attention is turning to what his energy policies will mean for the future of the U.S. energy landscape. Trump’s presidency was marked by a strong focus on boosting fossil fuel production, and his second term is expected to shift the nation’s energy policy back toward oil and gas, placing less emphasis on tackling climate change. However, despite concerns about potential rollbacks, experts argue that the rapid growth of renewable energy in the U.S. is unlikely to be significantly impacted, at least in the short term. In the aftermath of…