‘We must change’: how drought and overextraction of water has run Iran dry

The insurance industry is facing increasing challenges as it grapples with the rising costs associated with natural disasters linked to climate change. This situation is significant because it highlights the unsustainable economic model of insuring against climate-related damages, which could lead to higher premiums and reduced coverage for consumers. As climate events become more frequent and severe, the industry's ability to manage risk is being tested, raising concerns about the future of insurance in a changing climate.

The insurance industry is facing increasing challenges as it grapples with the rising costs associated with natural disasters linked to climate change. This situation is significant because it highlights the unsustainable economic model of insuring against climate-related damages, which could lead to higher premiums and reduced coverage for consumers. As climate events become more frequent and severe, the industry's ability to manage risk is being tested, raising concerns about the future of insurance in a changing climate.

Oil prices are on the rise as the European Union considers implementing new sanctions against Russia. This development is significant because it reflects the ongoing geopolitical tensions and their impact on global markets. Higher oil prices can affect economies worldwide, influencing everything from fuel costs to inflation rates.

Oil prices are on the rise as the European Union considers implementing new sanctions against Russia. This development is significant because it reflects the ongoing geopolitical tensions and their impact on global markets. Higher oil prices can affect economies worldwide, influencing everything from fuel costs to inflation rates.

Russia's ongoing efforts to evade sanctions are creating significant challenges for the global oil market. The restrictions have not only made it costly for Moscow to ship oil by sea but have also led to the growth of an illicit shipping economy. This situation is concerning as it could have lasting impacts on international trade and energy prices, highlighting the complexities of enforcing sanctions in a globalized economy.

Russia's ongoing efforts to evade sanctions are creating significant challenges for the global oil market. The restrictions have not only made it costly for Moscow to ship oil by sea but have also led to the growth of an illicit shipping economy. This situation is concerning as it could have lasting impacts on international trade and energy prices, highlighting the complexities of enforcing sanctions in a globalized economy.

Russia is facing significant economic challenges as international sanctions and the ongoing war in Ukraine take their toll. Officials are now warning that the country is on the brink of recession, highlighting the severe impact of these external pressures on its economy. This situation is crucial as it not only affects Russia's financial stability but also has broader implications for global markets and geopolitical dynamics.

Russia is facing significant economic challenges as international sanctions and the ongoing war in Ukraine take their toll. Officials are now warning that the country is on the brink of recession, highlighting the severe impact of these external pressures on its economy. This situation is crucial as it not only affects Russia's financial stability but also has broader implications for global markets and geopolitical dynamics.

The European Union has proposed a 19th sanctions package against Russia, which includes a complete ban on liquefied natural gas (LNG). This move is significant as it aims to further pressure Russia amid ongoing geopolitical tensions, particularly in light of its actions in Ukraine. By targeting energy resources, the EU seeks to reduce its dependency on Russian energy and promote energy security within its member states.

The European Union has proposed a 19th sanctions package against Russia, which includes a complete ban on liquefied natural gas (LNG). This move is significant as it aims to further pressure Russia amid ongoing geopolitical tensions, particularly in light of its actions in Ukraine. By targeting energy resources, the EU seeks to reduce its dependency on Russian energy and promote energy security within its member states.

Iraq's attempt to secure U.S. approval for importing Turkmen gas through Iran has fallen short, highlighting ongoing challenges in the region's energy strategy. This setback is significant as it underscores Iraq's reliance on external energy sources and the complexities of geopolitical relations in the Middle East. Without U.S. backing, Iraq may struggle to diversify its energy imports, which could impact its energy security and economic stability.

Iraq's attempt to secure U.S. approval for importing Turkmen gas through Iran has fallen short, highlighting ongoing challenges in the region's energy strategy. This setback is significant as it underscores Iraq's reliance on external energy sources and the complexities of geopolitical relations in the Middle East. Without U.S. backing, Iraq may struggle to diversify its energy imports, which could impact its energy security and economic stability.

Chinese household savings have soared to an impressive $23 trillion, creating a significant opportunity for investors in the stock market. With limited alternatives for this vast liquidity, fund managers are optimistic about the potential for growth in Chinese stocks. This trend highlights the resilience of the Chinese economy and the increasing confidence among savers, making it a crucial topic for anyone interested in global financial markets.

Pfizer is reportedly nearing a $7.3 billion acquisition of Metsera, a company specializing in anti-obesity drugs. This move is significant as it highlights Pfizer's commitment to expanding its portfolio in the growing market for obesity treatments, which is increasingly important given the rising global obesity rates. The acquisition could enhance Pfizer's position in the pharmaceutical industry and provide new solutions for patients struggling with weight management.

As Japan prepares for its upcoming leadership election, several candidates are emerging as potential successors. This election is crucial as it will shape the future direction of Japan's policies and governance. With various political backgrounds and agendas, the candidates are vying for public support, making it an important moment for the nation's democratic process.

The recent clarification regarding the US H-1B visa has brought relief to India's IT industry, which has been facing uncertainty over visa regulations. This development is significant as it reassures tech companies and professionals who rely on these visas to work in the US, fostering stronger ties between the two countries and supporting the growth of the tech sector.

Warren Buffett's Berkshire Hathaway has decided to exit its investment in China's BYD, a major player in the electric vehicle market. This move is significant as it reflects changing dynamics in the global investment landscape, particularly in the tech and automotive sectors. Buffett's decision may raise concerns about the future of electric vehicle investments in China, a market that has been pivotal for growth in recent years.

President Trump recently announced that he and Chinese President Xi Jinping reached an agreement regarding TikTok during a phone call. However, experts like Zongyuan Zoe Liu from the Council on Foreign Relations highlight that TikTok's status as a bargaining chip in US-China relations raises significant uncertainties about the deal's future. This situation is crucial as it reflects the ongoing tensions between the two nations and the implications for global tech companies.