Bloomberg

Scientists Warn on Climate as Australia Unlocks Giant Gas Region

Australia's Northern Territory will allow onshore gas projects and aims to exploit a sub-basin estimated to hold about 100 times Australia’s existing natural gas production, despite warnings from scientists about the potential climate impact.

Australia’s Northern Territory will allow developers to seek approval for onshore gas projects, despite warnings from scientists about the potential climate impact.
The territory aims to exploit a sub-basin estimated to hold about 100 times Australia’s existing natural gas production.
Development of Beetaloo would generate as much as an additional 89 million tons of greenhouse gas emissions annually.
Opponents say the projects would add massively to global emissions and are at odds with the government’s plan for net-zero by 2050.
Gas producer Santos Ltd. is continuing to progress potential developments in the McArthur Basin.

Charting the Global Economy: Central Banks Hold as Prices Cool

Central banks around the world are pausing tightening campaigns as inflation eases and economies slow. Inflation-targeting regimes are keeping their own houses in order, while the US Fed's key inflation gauges fell to the slowest annual paces since late 2021.

Factbox: Turkey earthquake and some of the worst natural disasters of this century

Two massive earthquakes on Monday have devastated cities and towns across Turkey and Syria, with death toll of over 16,000. This is one of the worst natural disasters this century, alongside the 2004 Sumatran Tsunami, 2010 Haiti earthquake and 2008 Cyclone Nargis.

Take Five: Strap in for no landing

A raft of U.S. data and European inflation numbers will give guidance on how the world's top central banks will navigate the way ahead, including the hotly debated "no landing" scenario. Reports on U.S. durable goods orders, home prices, manufacturing and consumer confidence threaten to cement expec

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