Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
US-India Trade Bombshell: Tariffs Slashed to 18% — Rupee Soars, Sensex Explodes 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
India Services Sector Rebounds in January as New Business Gains Momentum: HSBC PMI Shows Growth 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Asian Currencies Trade Sideways as Dollar Stabilizes, Yen Weakens Ahead of Japan Election 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
2024 Expected to be the Hottest Year on Record
According to the European Union's Copernicus Climate Change Service (C3S), 2024 is "virtually certain" to surpass 2023 as the hottest year since global records began. This announcement comes just ahead of the COP29 climate summit in Azerbaijan, where countries are expected to discuss increasing funding to combat climate change.
Record Temperatures Driven by Climate Change
From January to October, global temperatures were significantly above average, and only an unprecedented drop in temperatures would prevent 2024 from becoming the hottest year recorded. C3S Director Carlo Buontempo emphasized that the main cause of this record is climate change, which is impacting all continents and ocean basins.
2024 will also mark the first time the planet exceeds a 1.5°C increase in global temperature compared to the 1850-1900 pre-industrial period. This milestone highlights the urgency of addressing climate change, as carbon emissions from fossil fuels remain the primary driver.
Urgent Action Needed at COP29
ETH Zurich climate scientist Sonia Seneviratne expressed concern over the slow pace of global climate action and urged governments at COP29 to accelerate efforts to reduce fossil fuel dependence. The 2015 Paris Agreement aims to limit global warming to 1.5°C, but C3S now predicts the world will exceed this limit around 2030.
Extreme Weather Events Intensified by Climate Change
The impact of rising temperatures is already evident. In October, catastrophic flooding in Spain, severe wildfires in Peru, and devastating floods in Bangladesh underscored the increasing frequency of extreme weather events driven by climate change.
