French firm Valneva wins EU approval to supply Covid-19 vaccines

French biotech company Valneva has reportedly announced that it has won an approval from European Commission for an Advance Purchase Agreement to supply approximately 60 million jabs of its potential COVID-19 vaccine, dubbed VLA2001, as the region ramps up its fight against growing cases. Chief Exe

South Africa to receive $8.5Bn funding to end reliance on coal

As a part of the deal announced at the COP26 climate summit, South Africa, a major greenhouse gas emitter, is expected to receive USD 8.5 billion to end its dependence on coal.   According to the Global Carbon Atlas, large-scale coal operation run by South Africa’s public utility company

World leaders pledge to eliminate deforestation by the year 2030

Leaders from across the globe have pledged to end deforestation by 2030. Reportedly, countries who have signed this pledge including Canada, the Democratic Republic of the Congo, China, Indonesia, the US, Russia, Brazil, and the UK which altogether cover around 85% of the world's forests. Brazi

Maldives Government issues grim warning in the lead up to COP26

Maldives’ environment minister has reportedly issue a grim warning that states that the failure to control global warming and climate change could spell out as a ‘death sentence’ to small island countries such as the Maldives, endangering cultures and livelihoods. According to sci

IMF more upbeat on growth opportunities in Middle East & North Africa

The International Monetary Fund (IMF) has become more optimistic on the Middle East and North Africa’s economic growth prospects this year and the following as different parts of the region observe varying degrees of recovery. It is to be noted that IMF recently stated that the worldwide econ

China’s economic growth slumps amid construction, power, property woes

China’s economy reportedly witnessed a dip in the last quarter due to construction slowdown and power crunch. The nation’s economy increased by 4.9% in July-September as compared to a year earlier, however, is a steep decrease from the previous quarter’s 7.9%. Retail sales, factor

Brexit: EU to lower Northern Ireland border checks on British goods

The European Union (EU) has reportedly revealed plans for setting out proposals in response to the trade row in Northern Ireland. The ‘far-reaching’ proposals are expected to decrease the checks on medicines and goods. For the unversed, the UK government is seeking to alter the deal tha

Tobacco maker KT&G to build forest to help battle global climate crisis

South Korea’s leading tobacco maker Korea Tobacco & Ginseng Corporation (KT&G) plans to build a forest as part of its efforts to tackle the global climate crisis. The inaugural ceremony for the project witnessed the presence of officials from KT&G, social enterprise Tree Planet, a

Fossil fuels must stay underground to tackle climate change: Scientists

Researchers have recently advised that about 90% of coal reserves and 60% of oil and gas reserves must be kept underground to keep global warming below 1.5 degrees Celsius. The prediction is based on a thorough examination of global energy supply and demand. Researchers describe it as a harsh but a