The big picture: The findings suggest the world's timekeepers have longer to manage a first-of-its-kind time adjustment that could wreak havoc on computer networks.
Global losses from natural catastrophes in 2023 amounted to about $280 billion, according to new data from the Swiss Re Institute.
Why it matters: The reinsurance giant's report warns that global insured disaster losses are sharply increasing, and climate change is a small but growing driver.
Crude prices are increasingly at risk from geopolitical factors that are getting harder to control.
Driving the news: Continued conflict in the Red Sea is hampering global supply chains, which leads to higher prices. Meanwhile, waylaid shipments — which include barrels of crude supplies — are being forced to find alternate routes to their final destinations.
The Biden administration's environmental crowd-pleasing crusade against carbon emissions is obscuring a very inconvenient truth about U.S. energy policy: oil and gas production are way up.
Why it matters: President Biden's assertive environmental policy is helping to fortify his (vulnerable) left flank with restive environmental activists, and drawing pushback from critics.
