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- Indexed articles, last 90 days
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- Aug 11, 2026
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Economic loss from extreme weather fell in 1H: Swiss Re | Latest Market News (opens the original)
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Global economic losses from extreme weather events in the first half of the year were 10pc lower than the 10-year average, but this "masks rising natural catastrophe risk", Swiss reinsurance firm Swiss Re said today. Economic losses globally from natural catastrophes, such as storms and wildfires, stood at $100bn in the first half, down by 34pc on the year, and 16pc lower than the 10-year average, Swiss Re data show. Global insured losses from natural catastrophes were $42bn, the lowest for the
Oman eyes potential 33pc emissions cut over 2024-35 | Latest Market News (opens the original)
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Oman has released a new climate plan, with an absolute emissions reduction target of up to 33pc over 2024-35, depending on the level of international support received. The country's government committed to an unconditional reduction of 7pc in emissions by 2035, from a 2024 baseline, and an additional 26pc reduction over the same timeframe on a conditional basis. National climate plans submitted by developing countries to UN climate body the UNFCCC are often split into unconditional and condition
Burnham confirmed as new UK prime minister from 20 July | Latest Market News (opens the original)
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Andy Burnham is set to become the UK's next prime minister on 20 July after being confirmed today as leader of the governing Labour Party. Burnham will take office at a time of continued focus on clean energy investment, restrictions on new North Sea oil and gas licensing, and the role of public ownership in UK energy and infrastructure. He will become the sixth UK prime minister since David Cameron stepped down in July 2016 following the Brexit referendum. Ministerial turnover has also been hig
Climate finance from MDBs hit $162.5bn in 2025 | Latest Market News (opens the original)
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Multilateral development banks (MDBs) lifted their climate finance to a record high of $162.5bn in 2025, up by 19pc on the year, a group of 10 major MDBs said today. The banks increased climate finance both to low and middle-income and high-income countries in 2025, the data show. Climate finance for low and middle-income countries reached $102.6bn in 2025, up by 21pc on the year. The majority of the finance was for mitigation — cutting emissions — at $68bn, up by 16pc on the year, according to
Last month second-hottest June recorded: EU Copernicus | Latest Market News (opens the original)
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Last month was the second-warmest June on record globally, and the hottest June recorded in western Europe, EU earth-monitoring programme Copernicus said today. The global average surface air temperature in June was 16.54°C, 0.56°C higher than the 1991-2020 average and 1.39°C above the pre-industrial average, Copernicus data show. Much of western and central Europe was affected by a severe heatwave in June. "Many June and some all-time records for daily maximum temperature" were broken in severa
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