World News: 25 June 2023

PwC Australia to sell government business for $0.67, appoint new CEO
The scandal, which broke in January, revolves around a former PwC tax partner who had been advising the federal government on laws to prevent corporate tax avoidance and shared confidential information with colleagues who then used it to pitch to multinational companies for work.

Read more...


Fighting surges in Sudan's capital and Darfur as war enters 11th week
Khartoum, the capital, and El Geneina have been worst affected by the war that broke out on April 15 between Sudan's army and the paramilitary Rapid Support Forces (RSF), though last week tensions and clashes escalated in other parts of Darfur and in Kordofan, in the south.

Read more...


BIS warns world economy at critical juncture in inflation fight
Despite the relentless rise in rates over the last 18 months, inflation in many top economies remains stubbornly high, while the jump in borrowing costs triggered the most serious banking collapses since the financial crisis 15 years ago.

Read more...



German economy bids goodbye to years of plenty
The country is likewise held back by structural weaknesses that are stymying economic performance: slow bureaucracy, low levels of digitalisation and an ageing population that could lead to labour shortages.
With the economy heavily reliant on manufacturing, Germany looks to suffer from energy costs that have risen in the wake of the war in Ukraine, even though they have fallen from their early peaks.

Read more...


With record heat and drought-stricken woods, Spain’s Catalonia faces perfect wildfire conditions
Spain suffered the biggest losses from wildfires of any European Union country in 2022. The blazes consumed 306,000 hectares. And with Spain sweltering under a record-hot spring, it is again leading the continent in 2023 with 66,000 hectares turned to ashes.

Read more...


The Ocean Race: Teams helping track warming sea and plastic pollution
The teams have combined navigating what is considered one of the longest and toughest professional sporting events in the world with also doing their bit for climate impact research.
The boats are gathering information on plastic pollution, rising ocean temperatures and the amount of carbon dioxide and salt in the seas.

Read more...



Comments