The eastern Horn of Africa just saw an unprecedented fifth straight failed rainy season on record, making it the longest and most severe drought in 70 years of precipitation data.
The region is likely headed for a sixth poor rainy season this spring, a new forecast warns.
Why it matters: The drought has tipped the region, which encompasses much of Somalia, Ethiopia and Kenya, into widespread severe food insecurity. It has also driven Somalia to the brink of famine.
Elon Musk admitted in court on Monday that he wanted Tesla shareholders to rely on his infamous 2018 tweet that he had "funding secured" to take the automaker private, despite his repeated attempts to say that he only believed he could secure the money.
Why it matters: One of the questions the jury is tasked with deciding is whether the Tesla CEO's tweets were material — that is, significant information that could impact investor decisions.
Nearly a year after Russia's invasion, the Ukraine crisis has permanently reshaped the global energy system and brought severe economic pain.
Why it matters: The worst-case scenarios haven't come to pass, thanks to a mix of EU policies, Russian President Vladimir Putin's miscalculations and pure luck. But the impact is apparent on every facet of the market, from natural gas to oil to low-carbon energy.
