New Zealand introduces climate change law for financial firms in world first
India Today
New Zealand becomes the first country to introduce a law that will require financial firms to explain how they would manage climate-related risks and opportunities.
New Zealand has become the first country to introduce a law that will require banks, insurers and investment managers to report the impacts of climate change on their business, minister for climate change James Shaw said on Tuesday. All banks with total assets of more than NZ$1 billion ($703 million), insurers with more than NZ$1 billion in total assets under management, and all equity and debt issuers listed on the country’s stock exchange will have to make disclosures. “We simply cannot get to net-zero carbon emissions by 2050 unless the financial sector knows what impact their investments are having on the climate,” Shaw said in a statement.
As reports suggest Saudi Arabia is pushing for a tougher stance on Iran, Trump's public praise of Gulf allies reveals shifting dynamics, and raises questions over how far the conflict could escalate.
Yogesh Yadav, climbed nearly 40 feet up the tower on Tuesday morning and refused to come down for several hours. He was later taken into custody.
Snubs, sarcasm and shifting power play - Iran's choice of JD Vance over Trump's trusted aides reveals a deeper mistrust, raising questions over who really controls the path to ending the war.
The video, originally shared on Rakesh Kumar's Facebook profile, shows him dragging a snake-like object tied to a rope across a platform that triggered fear and confusion among passengers present at the station.
From shutting US bases to controlling a key global oil route, Iran's demands in response to Trump's proposal set a steep stage for talks, but hints of flexibility quietly emerge behind the scenes.
Shantanu Deshpande recorded the moment from inside the workplace, spotlighting Akash Sharma, a supply chain intern, who casually broke into a set of pull-ups in the middle of a regular workday.
Oil and gas refineries and hubs are up in flames not just in the Middle East, but also in Russia and the US. Crude oil prices have surged over $100 a barrel. With the energy infrastructure in the Middle East likely to take years to be rebuilt, the world could be set for the biggest oil disruption in history.
The US has sent a 15-point proposal to Iran aimed at ending the Middle East conflict, including strict restrictions on its nuclear programme, halting support for proxy groups and reopening the Strait of Hormuz.
Trump says the war is already "won", but then points to his own defence chief as the man who did not want peace. Behind the victory claim lies a growing split inside Washington's war room.
Speaking at the White House, Trump said the United States was in contact with "the right people" in Iran and suggested that Tehran was eager to reach an agreement to halt hostilities. "We're in negotiations right now," he told reporters, without offering further details on the scope or format of the talks.
Casting doubt on the prospects of any immediate resolution, Jeffrey Sachs dismissed the idea of a near-term endgame.
Iran has issued a blunt warning to the US, threatening to sink US ships and paralyse the country if attacked. A senior official said any strike would trigger a "head for an eye" response, if US strikes on Iranian infrastructure.