Connect with us

News

Time to invest in Russia despite sanctions threat?

Published

on

The 10 most important things you need to know on Caspian Sea Region for Thursday, June 11:

1Time to invest despite sanctions threat? “Despite this uncertainty, however, some market participants argued there were “bargains” in Russia.”There is significant opportunity here. The one thing with Russia is that it generally goes from being the worst (performing) stock market to the first stock market in a very rapid rate,” Simon Fentham-Fletcher, chief information officer of Freedom Asset Management, told CNBC Europe’s “Squawk Box” Wednesday. His company specializes in investment in emerging markets, such as Russia. Certain sectors – such as retail and real estate – were thriving, Fentham-Fletcher said, speaking from Moscow” writes Holly Ellyatt for the CNBC.

2Duqu 2.0: computer virus ‘linked to Israel’ found at Iran nuclear talks venue. “The security company Kaspersky discovered the virus, which it said was a new variant of the Duqu worm, itself a variant of the state-sponsored computer virus Stuxnet, used to attack Iran’s nuclear infrastructure in 2010. Known as Duqu 2.0, the new worm was, Kaspersky said, used to attack three European hotels where the P5+1 talks involving the US, UK, Germany, France, Russia, and China with the EU concerning Iranian nuclear capabilities were held over the last 18 months. Kaspersky did not identify the hotels or say who was behind the attack. However, Israel is thought to have deployed the original Duqu worm to carry out sensitive intelligence gathering” writes Samuel Gibbs for the guardian.

3In his opening speech at the Fifth Congress of Leaders of World and Traditional Religions Wednesday in Kazakh capital Astana, President Nazarbayev said the trust that has been built in the decades since World War II has been lost. Describing Islam as a “tolerant” religion, Nazarbayev said that it was “blasphemous” to use it as an excuse for extremism and terrorism.”The destruction of centuries-old cultural heritage sites in Iraq and Syria cannot be called anything else but anti-humane acts,” he said. Kazakhstan can be a model for religious freedom, added Nazarbayev, “The key foundation is tolerance and openness.” Attended by 80 delegations from 42 countries, the two day inter-religious meeting, which takes place once every three years, is aimed at shaping resolutions for global threats and challenges through communication among religious leaders.

4Azerbaijan blocks Amnesty visit ahead of European Games. Denis Krivosheev, Amnesty’s deputy director for Europe and Central Asia, said the crackdown by authorities “only highlighted their desperate attempts to create a criticism-free zone around the games”. He added that the legacy of the event would be to “further encourage repressive authorities around the world to view major international sporting events as a ticket to international prestige”. In its new report, the London-based group said the government’s campaign against activists had left Azerbaijan “without independent voices”.”Behind the image trumpeted by the government of a forward-looking, modern nation is a state where criticism of the authorities is routinely and increasingly met with repression,” said the report, which was released on Wednesday. [BBC]

5Kazakhstan has finished negotiating the terms of a deal to join the World Trade Organization (WTO), capping 20 years of efforts to take part in the world of mainstream commerce. The country’s WTO accession package will go for final approval before WTO members on June 22.”I congratulate WTO members and the government of the Republic of Kazakhstan on the historic step taken today,” WTO Director-General Roberto Azevedo said on June 10. “I look forward to welcoming Kazakhstan to the WTO.”Ambassador Vesa Himanen of Finland, who chaired the WTO working party that negotiated the deal with Kazakhstan, said it was “one of the most challenging negotiations in the 20-year history of the organization.” [TASS]

6Russia has no contract with Iran to import its oil, but may help resell it on the world market, according to Russian Energy Minister Alexander Novak. Already the two countries cooperate in a variety of commercial sectors. One key aspect is Russia supplying fuel for Iran’s nuclear power reactor at Bushehr in central Iran on the Persian Gulf coast. Last August’ deal could be essential for Iran, whose crude exports have plunged by more than half – from 2.5 million barrels per day to about 1 million barrels per day – since 2011, when the international community tightened sanctions. Any company trading with Iran is forbidden under the sanctions from doing business with the U.S. and Europe. Iran recently has expressed hope and even confidence that the sanctions imposed on it may be lifted soon” writes Andy Tully for the Oilprice.

7BRICS Bank Could Change the Game. “There are challenges to overcome. Researcher Wood thinks that “the bank’s short term challenges will be logistical, completing basic things like hiring staff, building internal operational procedures, and so on. Once this is completed, two larger challenges will present themselves. First, making a decision on what projects to fund, which will involve answering difficult questions on what type of projects the bank prioritizes, where it most wants to operate, and what role political priorities might play. Second, would be in building relationships with existing funders, like the World Bank and AIIB, to assure the BRICS bank doesn’t have to bear all the risk of the projects it gets involved in” writes Kester Kenn Klomegah for the Modern Diplomacy.

8Why Almaty should get the 2022 Winter Olympics. “In contrast with the grassroots opposition that scuttled Norway’s bid, Kazakhstan’s bid has overwhelming public support. Two polls were conducted to gauge national opinion on the Games. A poll that the International Olympic Committee commissioned showed 87 percent support. A poll that the Almaty 2022 organization conducted showed 79 percent support. One reason Almaty’s cost proposal is so reasonable is because it’s already built or renovated most of the facilities needed for the Olympics. A lot of the work was done for the 2011 Asian Winter Games – the building of a ski jump and the renovation of the Medeu skating rink, for example. Almaty will build additional facilities for the 2017 Winter Universiade, an Olympic-caliber event for student athletes 17 to 28” writes Hal Foster for the Tegri News.

9Iran and Azerbaijan are two neighbor countries and friends with lots of cooperation in various sectors which has grown in recent years and can go further, Jalil Eslami, deputy director of ports and special zones affairs of Iran’s Ports and Sailing Organization told Trend June 10. The official stressed that maritime cooperation can help Iran-Azerbaijan relations. There are agreements on cooperation in the maritime sector and there are sisterhood pacts between Iranian and Azerbaijani ports, he said. Eslami in particular pointed to maritime transit and tourism as one of the sectors with great development opportunities. Having in mind the growing tourism attractions, it is necessary to provide the infrastructure for transporting over 25 million passengers by 2025, and improving the quality and quantity of maritime transportation services, he noted.

10Russia’s Unending Balkan Intrigues. “Russia’s Leninst-style foreign policy egoism as well as its historical efforts to oust the West from the Balkans and create a sphere of influence there go hand in hand; together, they represent Moscow’s unending efforts to control the Balkan region. One of the most practical regional issues for Moscow is the transmission of Russian energy through the Balkans to Central Europe. Russia aims to cement a monopoly on providing this energy; yet, it neglects to do the practical things necessary to build pipelines or win local governments’ willing assent to its plans. In seeking to eliminate rivals to its regional energy strategies, Russia is obstructing Azerbaijan’s efforts to buy a 66-percent stake in the Greek gas grid operator DESFA. Moscow has long coveted not only the Greek grid but also other distribution networks throughout Europe” writes Stephen Blank for the Jamestown.

Journalist, specialized in Middle East, Russia & FSU, Terrorism and Security issues. Founder and Editor-in-chief of the Modern Diplomacy magazine.

Continue Reading
Comments

Tech News

Online game showcases plight of our planet’s disappearing coral reefs

Published

on

One of the world’s leading producers of online word games joined a global effort to help protect the planet’s coral reefs, which a new report finds are disappearing at an alarming rate.

Sweden’s MAG Interactive has unveiled six ocean-themed games to educate people about the ocean, coral reefs and climate change risks. The games will be launched in Wordzee, Ruzzle, Word Domination, WordBrain, WordBrain 2 and New QuizDuel.

Players are encouraged to either add their name to the petition for greater ocean and climate action and/or donate to projects associated with the Global Fund for Coral Reefs that are working to protect ocean health.

MAG Interactive is part of United Nations Environment Programmes’s (UNEP’s) Playing for the Planet Alliance that brings together gaming companies worldwide with a monthly active player base of more than 1.5 billion and a common goal of improving the environment through play.

The initiative has seen developers, including the popular Rovio Angry Birds, integrate environmental messages into their games to support the global environmental agenda, ranging from planting millions of trees to reducing plastic in their products.

Gaming companies are also supporting the Playing4Forests pledge, asking world leaders to protect forests as a line of defence against climate change.

“We couldn’t be more excited to join hands with MAG Interactive and Playing for the Planet partners, to raise awareness and resources for our planet’s precious coral reefs on the front line of climate change,” said Leticia Carvalho, Head of Marine and Freshwater at UNEP.

“Many people have no idea of the value of coral reefs to the well being of species and humans alike. Gaming can be transformational in inspiring this learning and action journey,” she added.

While they may look like plants or hard rocks, most corals are made up of thousands of small, soft-bodied animals, called polyps, surrounded by stony exoskeletons. Coral reefs support a quarter of all marine life. They also provide at least half a billion people with jobs and food while protecting coastlines from storms and flooding.

Coral reefs are also extremely sensitive to climate change. Corals have shown the most rapid increase in extinction risk of all the species assessed by the Global Biodiversity Outlook.

When waters get too warm, corals release the symbiotic algae turning white, a process known as bleaching. While corals can recover from bleaching if conditions improve, prolonged coral bleaching can be fatal.

The Status of Coral Reefs of the World: 2020, released last week by the Global Coral Reef Monitoring Network in partnership with UNEP, found that 14 per cent of the world’s coral has been lost since 2009, and climate change is threatening what remains of these fragile ecosystems, often call the “rainforests of the sea.”

In the last 12 years, around 11,700 square kilometres of coral has disappeared. That is more than all the living coral in Australia.

But there is still hope for corals. Across the globe, scientists are identifying pockets of coral habitats that have greater resilience to climate change and may provide the key to their survival. The research shows that incorporating coral safe havens, known as climate refugia, into conservation plans is vital for ensuring their future survival as we work to halt and reverse current threats.

“Our goal is to create engaging content for our players while spreading an important message, that they have the power to help preserve marine ecosystems,” said Daniel Hasselberg, CEO of MAG Interactive.

MAG Interactive, whose ten game titles have been downloaded over 350 million times, developed the ocean-themes games based on the UNEP-led campaign Glowing Glowing Gone.

The creative campaign works to curb the threats to coral reefs, which along with climate change are under siege from overfishing, coastal development, pollution and ocean acidification.

The debut of the ocean-themed games preceded the recent announcement of US$125 million earmarked for the Global Fund for Coral Reefs to address critical financing and private investment barriers centered around the blue economy and to protect coral reefs. As the Global Climate Fund’s first at-scale private sector programme in climate adaptation, this investment signifies a major achievement for coral and climate resilience.

UN Environment

Continue Reading

Environment

Act Urgently to Preserve Biodiversity for Sustainable Future — ADB President

Published

on

The world must act urgently to preserve ecosystems and biodiversity for the sake of a sustainable future and prosperity, Asian Development Bank (ADB) President Masatsugu Asakawa said at the opening of a global event on biodiversity here today.

“The world is at a critical turning point. If we are to reverse the alarming decline in nature, we must respond with urgency and coordinated action,” Mr. Asakawa said. “These efforts are needed to ensure the survival of our ecosystems, and for the sake of our shared future and prosperity.”  

Asia and the Pacific is one of the most biodiverse regions in the world—home to 17 of the 36 global biodiversity hotspots, 7 of the 17 megadiverse countries, and the greatest marine diversity. “If restored and well-managed, these natural capital assets can help to mitigate global climate change and biodiversity loss in a cost-effective and impactful manner,” Mr. Asakawa said in his opening remarks at the Ecological Civilization Forum at the 15th Conference of Parties to the Convention on Biological Diversity (COP15) in Kunming, the People’s Republic of China (PRC).  

The event is cohosted by the PRC’s Ministry of Ecology and Environment, Yunnan provincial government, and the Secretariat of the Convention on Biological Diversity. Participants include high-level representatives from governments, the private sector, development agencies including ADB, and civil society. 

ADB is committed to helping accelerate and increase nature-positive investments in Asia and the Pacific. “Through our ADB Nature-Positive Investment Roadmap, we are working with partners to scale up finance, develop knowledge of natural capital, and generate financially sustainable projects that deliver on biodiversity and healthy ecosystems,” Mr. Asakawa said.

At COP15, ADB is launching a new publication, Greening Development in the People’s Republic of China, which outlines how ADB and the PRC have successfully partnered to promote green development and ecological restoration in a way that complements economic and social priorities. 

In partnership with the Chinese Academy of Science and Stanford University, ADB is sharing progress on its new Natural Capital Lab due for launch in 2022. This will be a digital platform for sharing methods for valuing biodiversity and ecosystems, and for building knowledge, capacities, and alliances across the region.  

In addition, ADB with partners will be launching the Regional Flyway Initiative that will conserve ecosystem services that support people and critical habitats for more than 50 million migratory waterbirds.

Continue Reading

Health & Wellness

Stockholm+50: Accelerate action towards a healthy and prosperous planet for all

Published

on

The United Nations General Assembly agreed on the way forward for plans to host an international meeting at the highest possible level in Stockholm next June, during the week of World Environment Day. The event will commemorate the 50 years since the United Nations Conference on the Human Environment and serve as a contribution to accelerate action towards a more sustainable society.

The Declaration of the United Nations Conference on the Human Environment was made in 1972 in Stockholm, Sweden, resulting in what is often seen as the the first step toward the development of international environmental law, recognizing the importance of a healthy environment for people, and creating the UN Environment Programme (UNEP).

Five decades after the 1972 Stockholm Conference, the Government of Sweden, with support from the Government of Kenya, will host Stockholm+50, an international meeting in 2022 to commemorate the 50 years since the United Nations Conference on the Human Environment and its outcome documents, as a contribution to the environmental dimension of sustainable development to accelerate the implementation of commitments in the context of the decade of action and delivery for sustainable development, including a sustainable recovery from the coronavirus disease (COVID-19) pandemic.

The international meeting, “Stockholm+50: a healthy planet for the prosperity of all – our responsibility, our opportunity”, will take place in Stockholm on 2 and 3 June 2022, following a UN General Assembly resolution. In three leadership dialogues, the meeting will reflect on the urgent need for actions towards a healthy planet and prosperity of all, achieving a sustainable and inclusive recovery from the COVID-19 pandemic, and accelerating the implementation of the environmental dimension of Sustainable Development in the context of the Decade of Action. The meeting will also reinforce the messages and the outcomes of the event to commemorate UNEP’s 50th anniversary (UNEP@50), which will have taken place in March 2022, in Nairobi.

Per Bolund, Sweden’s Minister for the Environment and Climate, and Deputy Prime Minister, said “Our aim is clear, we want Stockholm+50 to make a concrete contribution to accelerating the transformation to a sustainable future. We call this meeting to commemorate the fiftieth anniversary of the 1972 conference. We are running out of time and urgent action is needed. These challenges are global, and we must meet them with a global response that drives action on the ground.”

Inger Andersen, Executive Director of UNEP, who was on 11 October appointed by UN Secretary-General António Guterres as the Secretary-General of the Stockholm+50 international meeting, said: “We need to urgently work to transform our economies and societies, but our branches will spread only as far as our roots are deep. By remembering Stockholm at 50, we also remember how the world came together to heal the ozone layer in 2013, phase out leaded fuel this year and stop endangered species from going extinct. By convening in Stockholm, we also recommit to human and planetary health, responsibility, prosperity, equality and peace – as we have seen only too clearly in COVID-19.”

Continue Reading

Publications

Latest

Africa2 hours ago

Shaping the Future Relations between Russia and Guinea-Bissau

Russian Foreign Minister Sergey Lavrov and Guinea- Bissau Suzi Carla Barbosa have signed a memorandum on political consultations. This aims...

Tech News4 hours ago

Online game showcases plight of our planet’s disappearing coral reefs

One of the world’s leading producers of online word games joined a global effort to help protect the planet’s coral...

South Asia6 hours ago

A Peep into Tehreek-e-Taliban Pakistan’s Tricky Relations with Afghan Taliban

To understand the interesting relationship between the Tehreek-e-Taliban Pakistan (TTP), also known as Pakistani Taliban, and the Afghan Taliban, one...

Environment10 hours ago

Act Urgently to Preserve Biodiversity for Sustainable Future — ADB President

The world must act urgently to preserve ecosystems and biodiversity for the sake of a sustainable future and prosperity, Asian...

Health & Wellness12 hours ago

Stockholm+50: Accelerate action towards a healthy and prosperous planet for all

The United Nations General Assembly agreed on the way forward for plans to host an international meeting at the highest...

Economy14 hours ago

Is Myanmar an ethical minefield for multinational corporations?

Business at a crossroads Political reforms in Myanmar started in November 2010 followed by the release of the opposition leader,...

Finance14 hours ago

Logistics giant commits to Gothenburg Green City Zone

DB Schenker is collaborating with Business Region Göteborg to scale up electric freight transport as part of the Gothenburg Green...

Trending