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The five biggest challenges facing new HSBC CEO Georges Elhedery

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The five biggest challenges facing new HSBC CEO Georges Elhedery
Delivering growth amid falling interest rates, navigating tensions between China and the West, and managing HSBC’s exposure to China’s lingering bad loans crisis will be among the top challenges facing the bank’s new CEO Georges Elhedery.
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World population to reach 10.3 billion peak in 2080s: UN report

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World population to reach 10.3 billion peak in 2080s: UN report

The world’s population is expected to grow by more than 2 billion people in the next decades and peak in the 2080s at around 10.3 billion, a new report by the United Nations said Thursday.

The report — released on World Population Day — says the global population is then expected to decline to around 10.2 billion by the end of the century.

According to the World Population Prospects 2024 report, the earlier-than-anticipated population peak is due to several factors, including lower fertility levels in some of the world’s largest countries, especially China, whose population is projected to drop dramatically from 1.4 billion in 2024 to 633 million in 2100.

CALIFORNIA’S POPULATION EXPECTED TO DECLINE AS FLORIDA AND THE CAROLINAS’ SOAR IN 2024: SURVEY

Globally, women are having an average of one fewer child than they did in 1990, the report said, and in more than half of all countries and territories, the average number of live births per woman is below 2.1. That’s the level needed for a country’s population to maintain its size without migration.

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Nearly 20% of the world — including China, Italy, South Korea and Spain — have “ultra-low” fertility, with women having fewer than 1.4 live births, said the report by the U.N. Population Division.

FILE – People take smartphone photos of the crowd on a street near Tiananmen Square as visitors gather to watch a flag-raising ceremony on the National Day in Beijing, Sunday, Oct. 1, 2023. The world’s population is expected to grow by more than 2 billion people in the next decades and peak in the 2080s at around 10.3 billion, a new report by the United Nations said Thursday July 11, 2024. (AP Photo/Andy Wong, File)

“The earlier and lower peak is a hopeful sign,” U.N. Undersecretary-General for Economic and Social Affairs Li Junhua said. “This could mean reduced environmental pressures from human impacts due to lower aggregate consumption.”

Li stressed, however, that even with slower population growth, people will still need to individually reduce the impact of their activities to preserve the environment.

According to the report, in 2024 population has already peaked in 63 countries and territories, including China, Germany, Japan and Russia. In this group, the total population is projected to decline by 14% over then next 30 years.

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In another 48 countries and territories — including Brazil, Iran, Turkey and Vietnam — the population is projected to peak between 2025 and 2054, the report said.

For the remaining 126 countries and territories, including the United States, India, Indonesia, Nigeria and Pakistan, the population is expected to increase through 2054, “and, potentially, to peak in the second half of the century or later.”

For nine of those countries — including Angola, Central African Republic, Congo, Nigeria and Somalia — the U.N. is projecting very rapid growth, with their populations doubling between 2024 and 2054.

The world’s population has grown dramatically in the last 75 years, from an estimated 2.6 billion in 1950 to 8 billion in November 2022. Since then, it has increased by roughly 2.5% to 8.2 billion.

Kathleen Mogelgaard, president and CEO of the Washington-based Population Institute, said Thursday’s new estimates underscore “an increasing demographic divide around the world.”

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While it identified more than 100 countries and territories whose populations have already peaked or will do so in the next 30 years, she said, it shows even more where population will keep growing, many of them among the world’s poorest nations.

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Russia's ever-escalating hybrid war has the EU in its crosshairs

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Russia's ever-escalating hybrid war has the EU in its crosshairs

The opinions expressed in this article are those of the author and do not represent in any way the editorial position of Euronews.

When looking at these hostile actions individually, they might not constitute more than a nuisance on their own. Yet, collectively, these actions form a comprehensive hybrid warfare package where the boundaries are repeatedly pushed, Alexander Borum writes.

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Despite an unfolding war and a continued cost-of-living crisis, life for the average European citizen is both peaceful and comfortable.

This is attested by the recently published Global Peace Index 2024, which shows that the list of the top 10 most peaceful countries remains dominated by European entries.

But scratch beneath the surface and a more sinister reality appears: a Europe engaged in a protracted and fierce hybrid war that demands our attention.

Since Russia’s full-scale invasion of Ukraine, the Western world has committed an unprecedented level of military and economic support to stem the tide of unbarred violence against the country.

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While this support has been a crucial part of ensuring Ukrainian independence, it has also escalated Russia’s ongoing hybrid war against the West to new heights, notably targeting the European Union.

The Kremlin is not letting up

While Russia is the most prominent assailant, it does not stand alone in its anti-western efforts. It has diligently balanced its interests against those of the West, enlisting partners such as Belarus, Iran and North Korea.

By housing Russian nuclear weapons and troops and by arming and resupplying the Russian armed forces, these countries exacerbate Russian aggression. However, China remains a crucial part of the puzzle.

Its role was emphasised during the recent NATO Summit in Washington as a decisive enabler of Russian aggression in Ukraine and an active participant in the hybrid war against the transatlantic partners.

While not standing alone, Russia remains a uniquely aggressive actor, engaging in a multifaceted war against the West from the relative safety of the shadows.

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After the conclusion of the recent European Parliament elections, consultancy firms identified tens of thousands of accounts spreading disinformation even as EU citizens sought to cast their ballots in an election that saw the steep rise of populist parties with pro-Vladimir Putin positions.

Beyond the elections, fake narratives such as Bugatti-gate have emerged. This one spins the story of Olena Zelenska, First Lady of Ukraine, purchasing a luxury car for €4.5m during a time of particular duress for Ukraine.

Naturally, the false story, created using deep fake techniques, fake media outlets and falsified information, was quickly debunked — but not before knee-jerk reactions shaped political discourse across Europe, at least momentarily.

Subversions go up in scale

However, where disinformation might cause disruption and instability, more sinister efforts are at play, and webs of infiltrators and intelligence operators are increasingly unravelling within the European Union.

From prominent academics in the Baltics to expat florists in Slovenia with direct links to Russian intelligence services, the situation is looking increasingly grim.

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Financial entities such as Pravfond enable Russian intelligence services to fund disruptive and destabilising efforts within Europe.

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Pravfond expands the scope and scale of Russia’s political warfare against Europe, with funding benefiting anti-democratic movements, political entities with pro-Russia, isolationist or protest-oriented stances, the recruitment of European assets, as well as large-scale intelligence and influence operations across continental Europe.

Alongside disruption from within, Russia and its close ally Belarus also seek to apply pressure on Europe’s external borders.

By instrumentalising migration and providing guidance, routes and supplies to migrants, Russia and Belarus have adopted a ruthless method of hybrid warfare.

By exploiting desperate people and hurling them against European borders, they fan not only the need for robust border management responses but also the flames of anti-migratory rhetoric, often stemming from political parties with attitudes conducive to Russian interests.

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From assassination to sabotage, anything goes

When looking at these hostile actions individually, they might not constitute more than a nuisance on their own.

Yet, collectively, these actions form a comprehensive hybrid warfare package where the boundaries are repeatedly pushed. In recent months, Russia has made the Baltic Sea a frontline for escalating its hybrid war against the West, targeting EU member states in the region with calculated manoeuvres to provoke them.

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A key tool here has been reigniting border disputes in the Gulf of Finland, along the Narva River with Estonia, and in the sea surrounding the Russian enclave of Kaliningrad by unilaterally redrawing borders that directly violate international law.

At the forefront of Russia’s escalating hybrid war against Europe has been a string of special operations conducted within the Schengen borders.

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Several assassinations of political dissidents inside of Europe have occurred over the last decades of Putin’s rule in Russia, but the recent attempt on the life of Armin Papperger, CEO of Rheinmetall, has opened a new frontier in attempts to subdue support for Ukraine.

Acts of sabotage have shaken Europe in recent years. As European intelligence services continue to outline an increase in Russia’s probing efforts into defence industries, sea cables and crucial infrastructure, the future will likely bring further attempts to disrupt supply lines to Ukraine through sabotage.

Above us and at sea, European air traffic and shipping are increasingly targeted by attempts to jam the GPS systems relied on for safe navigation.

An ultimate consequence of such disruption might be catastrophic incidents causing irreparable damage to the environment or significant losses of civilian lives — a stark reminder of the gravity of the situation.

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Keep an eye on Ukraine

With such significant pressure on Europe, it was perhaps no surprise when the Danish Defence Minister Troels Lund Poulsen noted in February that Russia would likely be in a position to test Article 5 and NATO solidarity within a three- to five-year time span.

This statement echoed the one by Germany’s Defence Minister Boris Pistorius, who in January remarked that NATO should expect an attack on a member state within five to eight years, emphasising the need for unity and solidarity between partners.

With further escalations looming, one might be tempted to look towards NATO for solace.

Yet, with the recent assassination attempt on former US President Donald Trump and the poor performance of President Joe Biden in his bid for re-election, NATO will likely face a stark new reality if Trump takes office in November.

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With the US pursuing an increasingly isolationist policy under Trump, a pivot to the east and a track record of statements sowing distrust in the alliance’s unity, there is an increasing sense of urgency for Europe to take ownership of its security needs.

It’s crucial for Europe to do what it takes to keep Ukraine in fighting shape should the US falter, as any other path would invite disaster.

Alexander Borum is Policy Leader Fellow at the European University Institute in Florence, focusing on the European Union Common Security and Defence Policy.

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Video: Israeli Strikes Kill Several People in Central and Southern Gaza

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Video: Israeli Strikes Kill Several People in Central and Southern Gaza

The strikes hit a United Nations school-turned-shelter in Nuseirat, central Gaza, and a site in the Mawasi area in Khan Younis, further south. Gaza’s health ministry said both strikes resulted in casualties. The Israeli military said it was targeting militants.

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