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Banks Still Play a Major Role in Oil and Gas Funding

Major banks provided $6.8 trillion to fossil fuels since the 2015 Paris Agreement. Banks argue their financing supports energy transition, but critics say it’s not enough. Greater transparency is needed to understand how bank funds are actually used. Despite increasing pressure to defund oil and gas firms in support of international decarbonisation efforts, many major…

Azerbaijan Envisions Turkic States as ‘Prominent International Force’

At a recent summit, Azerbaijani President Ilham Aliyev called for the Organization of Turkic States (OTS) to become a major global force, balancing economic cooperation with the West and the preservation of traditional values. Leaders from other Turkic states, including Kazakhstan and Hungary, echoed Aliyev’s sentiments, emphasizing increased trade and transportation links. Aliyev’s push for…

Carmanufacturers Hit the Brakes on Electric Vehicle Investments

Automakers are reevaluating their electric vehicle investment plans due to slowing market growth and supply chain disruptions. China’s export restrictions on rare earths, crucial for semiconductor manufacturing, pose additional challenges to the auto industry. Alternative sourcing strategies and technological advancements offer potential solutions to mitigate the impact of supply chain issues and promote sustainability. Via…