| Hello Insiders, đ Today's headlines feature the Russia-Africa summit, a dive into the number of homicides in Haiti, and Brazil's refusal of the U.S.'s extradition plea for a suspected Russian operative.
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| 1 | | Banks working to develop global standards on accounting for carbon emissions in bond or stock sale underwriting have voted to exclude most of them from their carbon footprint. Most banks in an industry working group decided to exclude two-thirds of the emissions linked to their capital markets businesses from their carbon accounting. More: - According to Sierra Club, from 2016 to 2022, nearly 50% of the financing the six largest U.S. banks provided for top fossil fuel companies came from capital markets, not direct lending.
- Banks' emission accounting will influence their goals for achieving carbon neutrality.
- Major banks aim to reduce their emissions to net zero by 2050, with interim goals set for this decade.
- Banks with significant capital markets operations believe they should be responsible for only 33% of emissions from activities financed through bonds and stock sales.
- The Partnership for Carbon Accounting Financials (PCAF) formed the working group, and its board will decide on adopting the 33% accounting share for capital markets.
Zoom Out: - To align with the Paris climate accord, the proportion of lending and equity underwriting for clean energy compared to fossil fuels must reach 4:1 by the decade's end, as stated by BloombergNEF.
- ShareAction, a campaign group, criticized the 33% weighting, suggesting it was arbitrarily chosen.
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What the numbers say: In 2021, Haiti witnessed 1,489 intentional homicide deaths. By 2022, this figure rose to 2,088, marking the most significant murder tally since at least 2010.
Relevance: Last October, the Haitian government and UN Secretary-General Antonio Guterres called on the global community to think about sending troops to Haiti due to escalating humanitarian and security challenges. Last summer, Port-au-Prince, the capital of Haiti, experienced intense gang conflicts. Entire communities were engulfed in flames, forcing thousands of families to relocate. In contrast, others remained confined to their homes, too fearful to venture out for necessities like food and water.
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| 3 | | African leaders concluded meetings with Russian President Vladimir Putin, gaining limited commitments on grain deals and peace in Ukraine. The Russia-Africa summit highlighted Russia's termination of a grain deal, causing grain price hikes benefiting Russian companies. More: - Fewer than 20 of Africa's 54 leaders attended the Russia summit, down from 43 in 2019.
- Concerns over Russia's invasion of Ukraine influenced the reduced attendance.
- Putin promised to ship 25,000 to 50,000 tons of free grain to six African nations in 3-4 months.
- The U.N. World Food Program previously shipped 725,000 tons under the grain deal.
- South African President Cyril Ramaphosa emphasized the need to resume the grain deal.
- Putin is considering the African leaders' peace proposal for Ukraine.
- Africa, with 1.3 billion people, is seen by Russia as a rising global power center.
Zoom Out: - Last year, the U.S. organized its own Africa summit, joining a rising list of nations like China, France, Turkey, Japan, and Britain that have held similar events.
- Putin recently withdrew from the Black Sea Grain Initiative, which permitted Ukraine, a major global grain producer, to export grains and oilseeds via three ports.
- U.N. Secretary-General AntÃŗnio Guterres proposed a compromise to Putin, suggesting the reintegration of Russia's state agricultural bank into the SWIFT payment network in response to a Kremlin request.
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| 4 | | Scientists discovered ancient nematodes worms in the Siberian Permafrost, reviving them after approximately 46,000 years. The research highlights the resilience and survival mechanisms of these organisms. More: - An international team identified a new nematode species, Panagrolaimus kolymaensis, from the Pleistocene era.
- The average life span of the 46,000-year-old nematode species is just one to two months.
- Organisms like nematodes can enter a dormant state called "cryptobiosis" to survive harsh conditions.
- Radiocarbon dating confirmed the nematodes remained in cryptobiosis since the late Pleistocene.
- Genome analysis revealed the permafrost nematode's similarity to Caenorhabditis elegans.
- The study emphasizes the potential of nematodes to preserve life over geological periods.
Zoom Out: -
In 2021, scientists revealed that they had revived ancient bdelloid rotifers, tiny multicellular creatures, from a 24,000-year stay in Siberian permafrost. | | | |
| 5 | | An American nurse, Alix Dorsainvil, and her young child were abducted in Haiti while conducting community ministry services. The incident occurred near Port au Prince, and the U.S. State Department is actively working towards their safe return. More: - Alix Dorsainvil and her child were taken from a Christian campus associated with El Roi Haiti.
- The specific circumstances of the kidnapping have not been detailed.
- The U.S. State Department confirmed the abduction of two U.S. citizens in Haiti and is in contact with Haitian authorities.
- Alix previously worked as a nurse in New Hampshire before relocating to Haiti to serve as El Roi Haiti's community nurse.
- She married Sandro Dorsainvil, El Roi Haiti's founder and director.
- The U.S. recently ordered non-emergency government personnel and their families to leave Haiti due to concerns about kidnapping, crime, and civil unrest.
- Kidnappings have become increasingly common in Haiti, with Americans frequently targeted.
Zoom Out: - Armed gangs have taken power in 90% of the Haitian capital since the assassination of President Jovenel Moïse in July 2021, a crime that remains unsolved.
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| 6 | | At least 40 people were killed and over 130 injured in a suicide bombing at a political rally in Pakistan's northwestern Khyber Pakhtunkhwa province. The attack targeted a gathering of the conservative Jamiat Ulema Islam-Fazl (JUI-F) party in Bajaur, near the Afghanistan border. More: - The blast occurred during a JUI-F worker's convention in the Khar town of Bajaur.
- The provincial police chief, Akhtar Hayat, confirmed a suicide bomb caused the explosion.
- An emergency was declared in hospitals in Bajaur and nearby areas, with critically injured individuals being airlifted to Peshawar.
- The JUI-F party is known for its links to hardline political Islam.
- Most recent attacks have targeted security forces and installations.
- The JUI-F is a significant ally of the coalition government led by Prime Minister Shehbaz Sharif, with national elections anticipated by November.
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- Russia's Defence Ministry reported it brought down three Ukrainian drones targeting Moscow on Sunday, resulting in minor damage to two office buildings but no injuries, according to Moscow Mayor Sergei Sobyanin.
- In Morocco's second Women's World Cup game against South Korea, Nouhaila Benzina became the first to wear a hijab in a major international tournament.
- France warns of retaliation after junta supporters target its embassy in Niger's capital, Niamey.
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