The Federal Reserve must go big with a supersized 50 basis point interest rate cut in September to get ahead of a looming economic storm, warns the CEO of a leading independent financial advisory and fintech. The warning from deVere Group’s Nigel Green comes as consumer prices in the US inched up modestly last month, adding fuel … Read more
A group of small island states, including Antigua and Barbuda and the Bahamas, secured a win on climate change in an international court. The International Tribunal for the Law of the Sea (ITLOS) stated that greenhouse gas emissions absorbed by the ocean are considered marine pollution, and countries are obligated to protect marine environments beyond the requirements of the Paris climate agreement. The opinion is not legally binding but can guide countries in their climate policy and serve as legal precedent in other cases.
Fact: Disy MP Averof Neophytou criticized the Christodoulides government for inaction, stating that the state leadership has confined itself to the role of observer and commentator.