Carbon removal must quadruple by 2050 to meet 1.5 °c target

A global scientific assessment warns that carbon dioxide removal must expand at an unprecedented scale to keep the 1.5 °C climate goal within reach. The analysis finds that current national and corporate commitments fall far short of what is required by mid-century, creating a widening gap between ambition and climate necessity. The report......

Greek Shipping Magnate proposes Iranian transit fee for Hormuz

Evangelos Marinakis told shipping executives that paying Iran a transit fee of 100,000 to 200,000 dollars per vessel would be preferable to a prolonged closure of the Strait of Hormuz. He delivered the remarks at an industry forum in Athens held during a major maritime gathering. He argued that a predictable fee system would reduce disruption......

Alibaba shares surge after launch of Qwen3.7-Plus AI model

Alibaba launched Qwen3.7-Plus on Tuesday, introducing a multimodal large language model designed to unify visual and language capabilities into a single interactive system. The model is available through an API on Alibaba Cloud’s Model Studio platform and supports integration with OpenAI and Anthropic compatible endpoints. The system......

Morocco automotive sales surpass 104,000 vehicles in five months

The Moroccan automotive market continued its upward trajectory in May 2026, confirming sustained demand across both private and commercial segments. A total of 23,037 new vehicles were sold during the month, marking a 2.8 percent increase compared with the same period in 2025. Over the first five months of the year, cumulative sales reached......

Russia claims gold production reaching 500 tonnes, surpassing China

Russia plans to produce between 480 and 500 tonnes of gold in 2026, according to official projections from the country’s natural resources authorities. Estimates for 2025 place output at 480 to 485 tonnes. If confirmed, these figures would position Russia as the world’s largest gold producer, ahead of China. The projections mark......

DeepSeek targets $7.4 billion first external funding round

DeepSeek is preparing to raise about $7.4 billion in its first external financing round, marking one of the largest early-stage fundraising efforts in the global artificial intelligence sector. The Chinese AI developer is targeting a valuation between $52 billion and $59 billion, reflecting a rapid re-rating of its market position within months. The......

Gold overtakes US Treasuries as top global reserve asset

Gold has surpassed U.S. Treasury securities to become the world's largest reserve asset, marking a major shift in global reserve management as central banks respond to geopolitical uncertainty and a prolonged surge in bullion prices. The European Central Bank reported that gold accounted for 27% of total official foreign exchange reserves......

South Korea overtakes India to become sixth-largest stock market

South Korea has overtaken India to become the world’s sixth-largest equity market by total market capitalization, marking a rapid shift in global financial rankings driven by the artificial intelligence boom and surging demand for semiconductor technologies. The combined market value of listed South Korean companies has risen sharply......

OECD data shows China state subsidies far exceed rivals

China’s industrial firms receive significantly higher state support than their global competitors, according to a new OECD database covering 15 key manufacturing sectors over the period from 2005 to 2024. The analysis tracks 525 of the world’s largest manufacturing groups and finds that Chinese companies benefited from three to......

Temu under pressure as Europe imposes major fine

Temu, the Chinese online shopping platform that has rapidly gained millions of users through aggressive discounts and viral marketing campaigns, is facing growing scrutiny in Europe after receiving a €200 million penalty from the European Commission. The sanction reflects increasing concern among regulators over product safety, consumer......

BYD ends eight-month sales slump on record international exports

BYD ended its longest sales decline streak in May, with global vehicle deliveries rising 0.3% year-on-year to 383,453 units, according to a stock exchange filing. The modest gain, driven almost entirely by surging international demand, marks the first year-on-year growth posted by the world's largest electric vehicle manufacturer since......

Massive Chinese industrial subsidies highlighted by the OECD

The Organisation for Economic Co-operation and Development (OECD) has revealed the significant scale of state support granted to certain industrial sectors in China, raising concerns about global market distortions and unfair competition. According to an OECD report based on data collected between 2005 and 2024, Chinese companies received......

Akeso lung cancer drug cuts death risk by 34 percent in major clinical trial

A experimental lung cancer drug developed by Chinese biopharmaceutical company Akeso reduced the risk of death by 34 percent compared to an established immunotherapy, according to results presented Saturday at the annual meeting of the American Society of Clinical Oncology. The findings mark a significant milestone for a treatment that has......

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