The recent climate finance deal reached in Baku has been criticized for failing to address the urgent needs of developing nations, lacking ambitious goals to limit global warming, and excluding major polluters like the US and China from mandatory contributions. Critics argue that the agreement perpetuates a cycle of debt for vulnerable countries while rich nations evade their financial responsibilities, leading to a significant setback in global climate action. The influence of fossil fuel lobbyists at the summit further diluted commitments, leaving many delegates feeling betrayed.
The U.S. and EU are implementing trade measures, including tariffs on Chinese electric vehicles, to counter China's dominance in clean energy while seeking to build domestic support for green transitions. However, these actions have strengthened ties between China and emerging economies like Brazil, South Africa, and India, which argue that protectionism hinders green technology deployment. Despite calls for China to enhance its climate commitments, the country maintains its stance as a developing nation, complicating international climate finance discussions.
On October 31, 2024, a survey revealed that 94% of women in the Swiss Armed Forces have faced sexualized violence, prompting army leadership to implement 16 protective measures. Meanwhile, the Swiss National Bank reported a profit of CHF 62.5 billion for the first three quarters of the year, driven by strong stock market performance and rising gold prices. In other news, Spain faces further severe weather following deadly floods, while Germany has closed Iranian consulates in response to the execution of a dual national.
Serbia's President Aleksandar Vucic adeptly navigates the nation's foreign policy, balancing ties with both the EU and Russia. While benefiting economically from EU investments, Serbia continues to supply Ukraine with weapons indirectly and maintains close cooperation with Moscow, including a recent gas supply contract. Despite EU pressures for democratic reforms, Vucic's administration seeks to leverage its strategic position between East and West.
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