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Droughts, floods, storms and hurricanes were among the most costly climate change-related disasters during 2022, according to a new report.

The report by Christian Aid found that the 10 most expensive events in terms of insured losses ranged in cost from $3bn to $100bn, although the figures are only estimates, so the true expense could be much higher.

Here are the 10 most costly disasters of the year:

Debris hang on the street in the aftermath of Hurricane Ian's passage through Pinar del Rio, Cuba, September 27, 2022. REUTERS/Alexandre Meneghini
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Hurricane Ian in Cuba

Hurricane Ian – $100bn

Ian was a Category 4 hurricane that caused widespread damage across western Cuba and the southeast of the US. Over seven days in late September, it killed at least 150 people and made 40,000 homeless.

An aerial view shows a branch of the Loire River as historical drought hits France, in Loireauxence, France, August 16, 2022. REUTERS/Stephane Mahe     TPX IMAGES OF THE DAY
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A dried up branch of the Loire River in France

European drought – $20bn

The drought in the summer of 2022 was widely acknowledged to be the continent’s worst in 500 years, affecting food and energy production, water availability and wildlife. It also fuelled wildfires, crop losses and caused more than 20,000 excess deaths.

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Flood waters sweep through the ancient town of Feng Huang in central China's Hunan province, Saturday, June 4, 2022. State media reported some deaths and missing in flooding in the province. (AP Photo)
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Flooding in Hunan province, China

Flooding in China – $12.3bn

In June, southern China saw its heaviest rainfall since 1961, bringing floods and landslides and forcing the evacuation of hundreds of thousands of people.

Cracks run through the partially dried-up river bed of the Gan River, a tributary to Poyang Lake during a regional drought in Nanchang, Jiangxi province, China, August 28, 2022
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The Gan River in China

Drought in China – $8.4bn

Late in August, China experienced its hottest and driest summer since records began in 1961, with more than 70 days of extreme temperatures and low rainfall badly affecting the basin of the Yangtze river, which supports more than 450 million people and a third of the country’s crops.

New South Wales still facing flooding after two weeks
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Flooding in New South Wales in Australia

Flooding in eastern Australia – $7.5bn

From late February through March, eastern Australian states experienced flooding that killed 27 people and displaced 60,000. Several towns in northern New South Wales, for example, had a month’s worth of rain in just six hours – and this happened while they were still struggling to recover from record flooding the month before.

A man wading through floodwater in Sindh province, Pakistan. Pic: AP
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Sindh province, Pakistan. Pic: AP

Pakistan floods – $5.6bn

From mid-June into September, flooding killed more than 1,700 people and displaced seven million in Pakistan. The flooding was worse because it came after a summer of record-breaking heat – meaning the ground was to dry to absorb the water.

People work to clear up damage after a tree fell on cars in Godalming, Surrey. Pic: AP
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Storm Eunice in Godalming, England. Pic: AP

Storm Eunice – $4.3bn

Over five days in February, Storm Eunice caused devastation across Belgium, Germany, Ireland, Netherlands, Poland and the UK. Seven people were killed.

In the UK gusts of 122mph were recorded – the strongest winds in more than 30 years.

A boat is stranded by drought in Lagoa da Francesa, near the Amazonas River in Parintins, Brazil October 21, 2022
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Lagoa da Francesa in Brazil

Drought in Brazil – $4bn

Brazil has been in drought for most of the year – a drought that is thought to be the worst in decades. The low level of the Amazon River is a particular concern.

A person carrying a teddy bear walks along the shore line in the aftermath of Hurricane Fiona in Port Aux Basques, Newfoundland, Canada September 26, 2022. REUTERS/John Morris
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Hurricane Fiona in Newfoundland, Canada

Hurricane Fiona – $3bn

Hurricane Fiona hit the Caribbean and Canada in the later part of September, killing more than 25 people and making 13,000 homeless.

At least four international airports were shut down, roads were closed and a number of communities were cut off.

A man walks around a damaged bridge caused by flooding in Umlazi near Durban, South Africa, April 16, 2022. REUTERS/Rogan Ward
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Flooding in Umlazi near Durban, South Africa

KwaZulu Natal and Eastern Cape floods, South Africa – $3.0bn

Over a week in April, 459 people were killed and more than 40,000 had to leave their homes. Water services were shut down and Durban, one of South Africa’s busiest ports, was disrupted.

The report will reignite the debate about who should pay for a ‘climate catastrophe’, with many of the disasters happening in parts of the world that are the least to blame for climate change.

There was some progress on this issue at global climate negotiations at COP27 in Egypt in November, where countries landed a historic pact to set up a fund for climate damages.

But the details of where the money comes from and who gets it are still to be agreed.

Christian Aid’s chief executive Patrick Watt said the figures in the report point to “the financial cost of inaction on the climate crisis”.

The human cost of the spiralling crisis “is seen in the homes washed away by floods, loved ones killed by storms and livelihoods destroyed by drought”, he added.

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Donald Trump announces sweeping global trade tariffs – including 10% on UK imports

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Donald Trump announces sweeping global trade tariffs - including 10% on UK imports

Donald Trump has announced a 10% trade tariff on all imports from the UK – as he unleashed sweeping tariffs across the globe.

Speaking at a White House event entitled “Make America Wealthy Again”, the president held up a chart detailing the worst offenders – which also showed the new tariffs the US would be imposing.

“This is Liberation Day,” he told a cheering audience of supporters, while hitting out at foreign “cheaters”.

Follow live: Trump tariffs latest

He claimed “trillions” of dollars from the “reciprocal” levies he was imposing on others’ trade barriers would provide relief for the US taxpayer and restore US jobs and factories.

Mr Trump said the US has been “looted, pillaged, raped, plundered” by other nations.

President Donald Trump holds a signed executive order during an event to announce new tariffs in the Rose Garden of the White House, Wednesday, April 2, 2025, in Washington. (AP Photo/Evan Vucci)
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Pic: AP

His first tariff announcement was a 25% duty on all car imports from midnight – 5am on Thursday, UK time.

Mr Trump confirmed the European Union would face a 20% reciprocal tariff on all other imports. China’s rate was set at 34%.

The UK’s rate of 10% was perhaps a shot across the bows over the country’s 20% VAT rate, though the president’s board suggested a 10% tariff imbalance between the two nations.

It was also confirmed that further US tariffs were planned on some individual sectors including semiconductors, pharmaceuticals and critical mineral imports.

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Trump’s tariffs explained

The ramping up of duties promises to be painful for the global economy. Tariffs on steel and aluminium are already in effect.

The UK government signalled there would be no immediate retaliation.

Business and Trade Secretary Jonathan Reynolds said: “We will always act in the best interests of UK businesses and consumers. That’s why, throughout the last few weeks, the government has been fully focused on negotiating an economic deal with the United States that strengthens our existing fair and balanced trading relationship.

“The US is our closest ally, so our approach is to remain calm and committed to doing this deal, which we hope will mitigate the impact of what has been announced today.

“We have a range of tools at our disposal and we will not hesitate to act. We will continue to engage with UK businesses including on their assessment of the impact of any further steps we take.

“Nobody wants a trade war and our intention remains to secure a deal. But nothing is off the table and the government will do everything necessary to defend the UK’s national interest.”

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Who showed up for Trump’s tariff address?

The EU has pledged to retaliate, which is a problem for Northern Ireland.

Should that scenario play out, the region faces the prospect of rising prices because all its imports are tied to EU rules under post-Brexit trading arrangements.

It means US goods shipped to Northern Ireland would be subject to the EU’s reprisals.

The impact of a trade war would be expected to be widely negative, with tit-for-tat tariffs risking job losses, a ramping up of prices and cooling of global trade.

Research for the Institute for Public Policy Research has suggested more than 25,000 direct jobs in the UK car manufacturing industry alone could be at risk from the tariffs on car exports to the US.

The Society of Motor Manufacturers and Traders (SMMT) had said the tariff costs could not be absorbed by manufacturers and may lead to a review of output.

The tariffs now on UK exports pose a big risk to growth and the so-called headroom Chancellor Rachel Reeves was forced to restore to the public finances at the spring statement, risking further spending cuts or tax rises ahead to meet her fiscal rules.

Read more:
What do Trump’s tariffs mean for the UK?
The rewards and risks for US as trade war intensifies

A member of the Office for Budget Responsibility (OBR), David Miles, told MPs on Tuesday that US tariffs at 20% or 25% maintained on the UK for five years would “knock out all the headroom the government currently has”.

But he added that a “very limited tariff war” that the UK stays out of could be “mildly positive”.

He said: “There’s a bit of trade that will get diverted to the UK, and some of the exports from China, for example, that would have gone to the US, they’ll be looking for a home for them in the rest of the world.

“And stuff would be available in the UK a bit cheaper than otherwise would have been. So there is one, not central scenario at all, which is very, very mildly potentially positive to the UK. All the other ones which involve the UK facing tariffs are negative, and they’re negative to very different extents.”

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Israel announces military operation expanding in Gaza to seize ‘large areas’

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Israel announces military operation expanding in Gaza to seize 'large areas'

Israel is beginning a major expansion of its military operation in Gaza and will seize large areas of the territory, the country’s defence minister said.

Israel Katz said in a statement that there would be a large scale evacuation of the Palestinian population from fighting areas.

In a post on X, he wrote: “I call on the residents of Gaza to act now to remove Hamas and return all the hostages. This is the only way to end the war.”

He said the offensive was “expanding to crush and clean the area of terrorists and terrorist infrastructure and capture large areas that will be added to the security zones of the State of Israel”.

The expansion of Israel’s military operation in Gaza deepens its renewed offensive.

The ceasefire between Israel and Hamas that had begun in January ended in March as Israel launched various air strikes on targets across Gaza.

The deal had seen the release of dozens of hostages and hundreds of Palestinian prisoners, but collapsed before it could move to phase two, which would have involved the release of all hostages and the withdrawal of Israeli forces from Gaza.

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26 March: Anti-Hamas chants heard at protest in Gaza

The Israel Defense Forces (IDF) had already issued evacuation warnings to Gazans living around the southern city of Rafah and towards the city of Khan Yunis, telling them to move to the al Mawasi area on the shore, which was previously designated a humanitarian zone.

Israeli forces have already set up a significant buffer zone within Gaza, having expanded an area around the edge of the territory that had existed before the war, as well as a large security area in the so-called Netzarim corridor through the middle of Gaza.

This latest conflict began when Hamas launched an attack on Israel on 7 October 2023, killing around 1,200 people and taking around 250 hostages.

The ensuing Israeli offensive has killed more than 50,000 Palestinians, according to Gaza’s Hamas-run health ministry.

Read more:
Father demands protection after Gaza aid workers’ deaths
Anti-Hamas chants heard at rare protest in Gaza

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Bodies of aid workers found in Gaza

Aid group Doctors Without Borders warned on Wednesday that Israel’s month-long siege of Gaza means some critical medications are now short in supply and are running out, leaving Palestinians at risk of losing vital healthcare.

“The Israeli authorities’ have condemned the people of Gaza to unbearable suffering with their deadly siege,” said Myriam Laaroussi, the group’s emergency coordinator in Gaza.

“This deliberate infliction of harm on people is like a slow death; it must end immediately.”

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‘Liberation day is here’: But what will it mean for global trade?

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'Liberation day is here': But what will it mean for global trade?

“Liberation day” was due to be on 1 April. But Donald Trump decided to shift it by a day because he didn’t want anyone to think it was an April fool.

It is no joke for him and it is no joke for governments globally as they brace for his tariff announcements.

It is stunning how little we know about the plans to be announced in the Rose Garden of the White House later today.

It was telling that we didn’t see the President at all on Tuesday. He and all his advisers were huddled in the West Wing, away from the cameras, finalising the tariff plans.

Follow the events of Liberation Day live as they unfold

Three key figures are central to it all.

Treasury Secretary Scott Bessent is the so-called ‘measured voice’. A former hedge fund manager, he has argued for targeted not blanket tariffs.

Peter Navarro is Trump’s senior counsellor for trade and manufacturing. A long-time aide and confidante of the president, he is a true loyalist and a firm believer in the merits of tariffs.

More on Donald Trump

His economic views are well beyond mainstream economic thought – precisely why he appeals to Trump.

‘Stop that crap’: Trump adviser Peter Navarro reacts to Sky News correspondent’s question over tariffs

The third key character is Howard Lutnick, the commerce secretary and the biggest proponent of the full-throttle liberation day tariff juggernaut.

The businessman, philanthropist, Trump fundraiser and billionaire (net worth ranging between $1bn and $2bn) has been among the closest to Trump over the past 73 days of this presidency – frequently in and out of the West Wing.

If anything goes wrong, observers here in Washington suspect Trump will make Lutnick the fall guy.

What are Donald Trump’s tariffs, what is ‘liberation day’ and how does it all affect the UK?

And what if it does all go wrong? What if Trump is actually the April fool?

“It’s going to work…” his press secretary said when asked if it could all be a disaster, driving up the cost of living for Americans and creating global economic chaos.

“The president has a brilliant team who have been studying these issues for decades and we are focussed on restoring the global age of America…” Karoline Leavitt said.

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‘Days of US being ripped off are over’

Dancing to the president’s tune

My sense is that we should see “liberation day” not as the moment it’s all over in terms of negotiations for countries globally as they try to carve out deals with the White House. Rather it should be seen as the start.

Trump, as always, wants to be seen as the one calling the shots, taking control, seizing the limelight. He wants the world to dance to his tune. Today is his moment.

But beyond today, alongside the inevitable tit-for-tat retaliation, expect to see efforts by nations to seek carve-outs and to throw bones to Trump; to identify areas where trade policies can be tweaked to placate the president.

Even small offerings which change little in a material sense could give Trump the chance to spin and present himself as the winning deal maker he craves to be.

One significant challenge for foreign governments and their diplomats in Washington has been engaging the president himself with proposals he might like.

Negotiations take place with a White House team who are themselves unsure where the president will ultimately land. It’s resulted in unsatisfactory speculative negotiations.

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Treasury minister: ‘We’ll do everything to secure a deal’

Too much faith placed in the ‘special relationship’?

The UK believes it’s in a better position than most other countries globally. It sits outside the EU giving it autonomy in its trade policy, its deficit with the US is small, and Trump loves Britain.

It’s true too that the UK government has managed to accelerate trade conversations with the White House on a tariff-free trade partnership. Trump’s threats have forced conversations that would normally sit in the long grass for months.

Yet, for now, the conversations have yielded nothing firm. That’s a worry for sure. Did Keir Starmer have too much faith in the ‘special relationship’?

Downing Street will have identified areas where they can tweak trade policy to placate Trump. Cars maybe? Currently US cars into the UK carry a 10% tariff. Digital services perhaps?

US food? Unlikely – there are non-tariff barriers on US food because the consensus seems to be that chlorinated chicken and the like isn’t something UK consumers want.

Easier access to UK financial services maybe? More visas for Americans?

For now though, everyone is waiting to see what Trump does before they either retaliate or relent and lower their own market barriers.

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