Just 125 wealthy individuals cause 393 million tons of CO2 emissions each year, a study concludes The world’s richest people cause huge and unsustainable amounts of carbon emissions, and unlike ordinary people, 50% to 70% of their pollution results from their investments, anti-poverty charity Oxfam has revealed.

India will become the world’s third largest economy by 2027, with its GDP more than doubling from the current $3.4 trillion to $8.5 trillion over the next 10 years, the chief Asia economist at Morgan Stanley wrote in a column for the Financial Times on Tuesday.

Washington insists that Australia will ruin its “deterrence relationship” with the US if it signs a landmark treaty The US has urged Australia not to sign a treaty seeking to ban all nuclear weapons, claiming the agreement will reinforce “divisions” between world powers, while failing to address “prevailing security threats” around the globe.