$1 trillion needed in climate cash for developing nations

The major battle in Baku is over how much rich nations will help poor countries to decarbonize their energy systems, cope with future harms of climate change and pay for damage from warming`s extreme weather. The old goal of 100 billion US dollar a year in aid is expiring and Baku`s main focus is coming up with a new, bigger figure.

World leaders gathered in Azerbaijan on Tuesday for the COP29 climate summit, though notable figures from major nations are absent, affecting the tone of the discussions. 

The 29th Conference of the Parties (COP29) to the UN Framework Convention on Climate Change (UNFCCC) commenced in Azerbaijan on Monday, bringing together world leaders, policymakers, and activists with a renewed commitment to address intensifying climate crises.

At least 51 people are known to have died after torrential rain caused flash floods in south-eastern Spain, authorities have said.

New centers of power, policy decision-making and economic growth are emerging in the world, BRICS countries said Wednesday in the Kazan Declaration issued at the 16th BRICS Summit.

Russia said the West was playing with fire by considering allowing Ukraine to strike deep into Russia with Western missiles and cautioned the United States on Tuesday that World War Three would not be confined to Europe.

Ukrainian Prime Minister Denys Shmyhal said on Monday that his country received $3.9 billion from the US via a project of the World Bank. 

The far-right National Rally (RN) party in France has achieved a significant victory in the initial round of the country`s snap parliamentary elections.

As the general election approaches, political debate is heating up in the UK. Prime Minister Rishi Sunak reiterated his pledge to start flights transporting asylum seekers to Rwanda in July, contingent on his re-election.

Spain, Ireland, and Norway are set to officially recognize a Palestinian state on Tuesday, despite facing strong opposition from Israel, which has become increasingly isolated following seven months of conflict in Gaza.

British Prime Minister Rishi Sunak declared on Wednesday that the United Kingdom (UK) will hold a general election on July 4.

Russian President Vladimir Putin expressed his support for China`s proposal for resolving the Ukraine crisis in an interview published on Wednesday. He emphasized that China comprehends the underlying causes of the conflict and lauded Beijing`s approach to addressing it.

Several member states of the European Union are considering to jointly recognize the state of Palestine on May 21, Irish media reported Wednesday.

At a recent World Economic Forum special meeting in Riyadh, Josep Borrell, the EU`s foreign policy chief, announced that several European member states are poised to officially recognize Palestinian statehood by the end of May. This move reflects a significant diplomatic development within the European Union.

Russia exercised its veto power at the United Nations on Wednesday, blocking a resolution put forth by the United States and Japan aimed at preventing a potentially hazardous nuclear weapons race in space. 

President Vladimir Putin won a record post-Soviet landslide in Russia`s election on Sunday, This landslide triumph underscores Putin`s enduring influence and his stance against Western powers, particularly highlighted by Moscow`s military involvement in Ukraine.