The world economy will take a bigger hit than previously forecast next year due to the effects of Russia’s war in Ukraine, the OECD said Monday. In a bleak report titled “paying the price of war”, the Paris-based organisation noted that the conflict aggravated inflationary pressure when the cost of living was already rising quickly. “The world is paying a very heavy price for Russia’s aggression against Ukraine,” OECD Secretary-General Mathias Cormann said in a news conference. “Households and firms are suffering as costs rise and purchasing power is taking a hit,” Cormann said. Covid outbreaks are still having an impact on the global economy while growth has also been affected by rising interest rates as central banks scramble to cool red-hot prices, the OECD said. “A number of indicators have taken a turn for the worse, and the global growth outlook has darkened,” the Organisation for Economic Co-operation and Development said in the report. Global growth stalled in the … [Read more...] about Paris-Based OECD Warns of Global Economic Slowdown Due to Covid, War in Ukraine
Andhra Pradesh Assembly Speaker Thammineni Seetharam on Sunday urged the people to take part in the run being organised by the Grace Cancer Foundation in the city on October 9 to spread awareness on cancer. It is the fifth edition of the event. Mr. Seetharam, along with Andhra Pradesh Fibernet Chairman P. Gautham Reddy, released the poster for the 'Global Grace Cancer Run'. Speaking on the occasion, Mr. Seetharam said the event would be organised on the BRTS Road. Similar cancer awareness programmes would be organised at 450 locations in over 130 countries on October 9. He appreciated the contribution of Grace Cancer Foundation towards cancer awareness through various activities across the globe. He said the foundation had donated over 20 lakh masks and 500 oxygen concentrators to the State during the coronavirus pandemic. … [Read more...] about ‘Global Grace Cancer Run’ in Vijayawada on October 9
SIGN UP Want this in your inbox each morning? Get it sent to your inbox. European politics spark global markets volatility U.S. stock futures are edging lower this morning, following declines in Europe and Asia. Investors started the week with a bang by fleeing risky assets for safer ones — read: the U.S. dollar. They appear to be especially wary of the British pound and U.K. government debt, as Britain’s new government commits to risky growth-focused tax cuts . Kwasi Kwarteng, Britain’s chancellor of the Exchequer, doubled down this weekend on the government’s plan to cut taxes even as the country borrows billions to fund an energy relief package for homes and businesses. “There’s more to come,” he told the BBC . The pound briefly hit a decades-long low against the dollar , at $1.03, before recouping some of its losses. But that recovery appears largely tied to expectations that the Bank of England will make a rare extra hike in interest … [Read more...] about European Political Turmoil Roils Global Markets
Brand new lakes spewing out clouds of methane are appearing in Alaska. These so-called "thermokarst" lakes are formed when the permafrost ground layer , which usually stays frozen all year round, melts, releasing vast volumes of frozen water inside the soil. One such lake is Big Trail Lake in Alaska. "This lake wasn't here 50 years ago," said Katey Walter Anthony, an ecologist at the University of Alaska-Fairbanks in a NASA statement. "Years ago, the ground was about 3 meters taller and it was a spruce forest." These thermokarst lakes are found across the Arctic in North America and North Europe and Asia. Thermokarst lakes form after the frozen water in the ground layer melts, causing the ground surface to collapse and fill with water, creating a lake. The temperature of the water in the depression continues to warm the surrounding permafrost, leading to increased melting. They may eventually drain away again in time. "Lakes like Big Trail are new, they're young, and … [Read more...] about NASA warns methane is being belched from newly formed lakes
A hole in the ozone layer seven times bigger than the one over the Antarctic continent has been discovered sitting over the tropics - and has been there for over 30 years. A scientist found the huge hole by examining climate and temperature data in the ozone above tropical regions - to the shock of the rest of the scientific community. It was found that the hole was present year-round and has been there since the 1980s, sitting over areas that make up half the world's surface area and house half the population of the globe. The worrying gap was revealed in the lower stratosphere over the tropics, similar in depth to that of the well-known Antarctic ozone hole that emerges during the spring, but its area is much larger - roughly seven times bigger, researchers said. Qing-Bin Lu, a scientist from the University of Waterloo in Ontario, Canada, revealed the hole to the surprise of other scientists as it was not showing on the modeling most researchers use. An all-season ozone … [Read more...] about Scientists find ozone hole in tropics much bigger than in Antarctica
The GMC HUMMER EV isn't content to conquer real-world terrain. It's also out to conquer it in the gaming world as well. The pickup will soon make is debut in Activision's Call of Duty video game franchise - the first as the first all-electric supertruck to do so. It certainly has the numbers to evoke confidence in the gaming universe. We're talking up to a GM-estimated 1,000 horsepower, along with 11,500 lb.-ft. of torque, and a 0-60 mph time of approximately 3-seconds. Plus 13 inches of suspension travel make it more than off-road capable. Combine all that and GMC says HUMMER EV Pickup is the perfect truck for players to transport their team across any map, featuring a variety of terrains and conditions. "The GMC HUMMER EV Pickup is truly the world's first all-electric supertruck. Now, it is entering the gaming world where it will define a new chapter of capability and bring players together across the globe," said Duncan Aldred, vice president of Global Buick and GMC. … [Read more...] about Electric Hummer Joins Call Of Duty Video Game
Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email A Labour government would pass a law to require the UK’s overseas aid spending to prioritise action to tackle the climate crisis, The Independent can reveal. In a speech to Labour’s annual conference in Liverpool later today, shadow international aid secretary Preet Gill will confirm the party’s commitment to restore the requirement for 0.7 per cent of national income to go to aid, after it was slashed to 0.5 per cent by Boris Johnson. And she will say that a Labour government will introduce a new focus on using UK assistance to developing countries to address “this century’s biggest threat to humanity”. Labour leader Sir Keir Starmer has put climate centre-stage at this year’s gathering, taking place under the slogan “A Fairer, Greener Future”. The focus on the environment reflects leadership concern that younger … [Read more...] about Labour to promise law to ensure international aid tackles climate crisis
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails S uch is the extent of our dominion on Earth that the answers to questions around whether we are still part of nature – and whether we even need some of it – rely on an understanding of what we want as Homo sapiens. And to know what we want, we need to grasp what we are. It is a huge question – but they are the best. And as a biologist, here is my humble suggestion to address it, and a personal conclusion. You may have a different one, but what matters is that we reflect on it. Perhaps the best place to start is to consider what makes us human in the first place, which is not as obvious as it may seem. Many years ago, a novel written by Vercors called Les Animaux Dénaturés (“Denatured Animals”) told the story of a group of primitive hominids, the Tropis, found in an unexplored jungle in New Guinea, who … [Read more...] about Have humans evolved beyond nature?
Vecna. Hopper. Eleven. Eggo Waffles. With a record-breaking 286.7 million hours streamed , most people understand the meaning of those seemingly random words from Stranger Things , a popular Netflix series and '80s-era blast from the past. But what struck me most about this show's success was how younger viewers connected with it. Nostalgic brands from the '80s are making a comeback with the help of an unexpected group of supporters: millennials from the tail end of the decade and Generation Z who never experienced that era at all. The trend goes beyond TV shows like Stranger Things or Riverdale . Retro video games from the era are still popular and arcades are even blending them with NFT culture. Fashionistas are pairing neon with denim and wild '80s hair, including mullets , perms and banana hair clips . These younger generations' priorities are changing and businesses need to take note. Amidst pandemics and resignation, war and recession, nostalgia has the … [Read more...] about Why Do Younger Generations Feel Nostalgic for a Past They Never Experienced?
T he history of the former princely State of Hyderabad’s liberation/annexation/integration into the Indian union was fervently discussed and debated as September 17, Hyderabad Liberation Day, drew close. It was no surprise that these debates were deeply political. Around the same time, the Telangana State Archives and Research Institute (TSARI) signed an MoU with the Noor International Microfilm Center (NIMC). The Delhi-based, Iranian government-backed NIMC will repair, conserve, digitise and catalogue Urdu and Persian historical manuscripts and documents. This could provide greater access to primary sources of history and encourage a more nuanced understanding and writing of the events that unfolded in the erstwhile State of Hyderabad and its merger into independent India. But the TSARI is home to much more than just records from the Asaf Jahi period. It also contains documents from the Vijayanagara empire, the Bahmani Sultanate, the Deccan Sultanates, and the Mughal period. … [Read more...] about The sorry state of the Telangana archives