Antonio Guterres singled out the United States and China as two nations with a “particular responsibility” to combat climate change
World is on ‘highway to hell’ – UN chief
Antonio Guterres © EuropaNewswire / Gado / Getty Images
The world must choose whether to cut emissions or condemn future generations to a climate catastrophe, United Nations Secretary-General Antonio Guterres warned while speaking at the COP27 summit in Egypt on Monday.
“Humanity has a choice: cooperate or perish,” Guterres told delegates gathered to discuss how to combat change amid an ongoing military conflict between Russia and Ukraine and rising global inflation and energy shortages.
Guterres insisted that the world’s richest and poorest counties must form a pact to accelerate the transition from fossil fuels, singling out China and the United States as two countries that have a “particular responsibility to join efforts to make this pact a reality.”.....More Below
China has suspended several 2025 export controls on strategic materials — including rare earths, superhard materials, and lithium batteries – for a year. Is this a concession to the US, or a move in a far more complex game?
"The first aim of China’s export controls was to consolidate its leverage in negotiations. The second was to establish a long-term framework for managing such controls," says Yana Leksyutina, deputy director at the Institute of China and Contemporary Asia, Russian Academy of Sciences (RAS).
Сhina could activate this mechanism at any moment, and now everyone knows it’s a lever it holds, she explains to Sputnik.
Balancing the Mineral Market
"The moratorium on export bans to the US essentially resets the rare earth market to where it was previously," Jeff J. Brown, author of 'The China Trilogy' and founder of Seek Truth From Facts Foundation, tells Sputnik.
In the meantime, there will be a global rush by the US and its NATO allies to acquire as many rare earth ...
WASHINGTON (Sputnik) – The impact of the ongoing federal shutdown on the US economy is far worse than expected because it is lasting much longer than anticipated, White House National Economic Council Director Kevin Hassett said on Friday.
"The impact on the economy is far worse than we expected, because it's gone on for so long," Hassett told Fox Business. "I think we were thinking that we could have at least 3% [GDP] growth in the fourth quarter. I think now we're expecting something like half that because of the harm [caused] by the Democrats' policy.".......more here
https://sputnikglobe.com/20251107/federal-shutdown-hitting-us-economy-harder-than-expected--white-house-1123074810.html
