EBRD announces profit of €2.1bn in 2023

bne IntelliNews April 11, 2024

The European Bank for Reconstruction and Development (EBRD) has announced a significant rebound in its financial performance, recording a robust profit of €2.1bn for the year 2023, up from losses of €1.1bn in 2022.

Where water stress will be highest by 2050

Martin Armstrong for Statista March 24, 2024

Water is not only the basis of life for animals and plants but is also likely to become a contested resource in parts of the world in the coming decades, reports Statista.

Italy's PM Meloni unveils "Mattei Plan" for African development ahead of Italy-Africa summit

Marco Cacciati January 26, 2024

Italian Prime Minister Giorgia Meloni unveiled her long-anticipated development strategy for Africa over the weekend, floating a "non-predatory" approach aimed at fostering cooperation.

Climate change made Libyan deluge up to 50 times more likely, say weather researchers

by Roberta Harrington in Los Angeles September 20, 2023

An “interplay” of climate change exacerbated heavy rainfall during the first two weeks of September 2023 in several countries across the Mediterranean, caused by low-pressure systems forming around a blocking high centred over the Netherlands.

Flood deaths in Libyan city may be as high as 11,300

by Roberta Harrington in Los Angeles September 16, 2023

Libya’s death toll is climbing, with the Libyan Red Crescent aid group on Friday putting the carnage at 11,300 in the coastal city of Derna alone.