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New Delhi: India slammed developed countries for causing the climate crisis during a landmark hearing at the International Court of Justice (ICJ) on Thursday, saying they exploited the global carbon budget, failed to honour climate-finance promises and are now demanding that developing countries restrict their resource use. The court is examining what legal obligations countries have to address climate change and the consequences if they fail. India also urged the ICJ to avoid creating new obligations that go beyond the existing climate-change framework. “The court may exercise due caution to avoid devising new or additional obligations beyond what is already agreed under the existing climate-change regime, which take into consideration historic emissions, climate justice and the principal principle of equity and CBDR-RC, as well as the equitable access to the global carbon budget,” the country said. China and the United States have also told the court that the existing UN framework is sufficient to determine States’ legal obligations to fight climate change. Making submissions on behalf of India, Luther M Rangreji, joint secretary in the Ministry of External Affairs (MEA), said, “If contribution to degradation is unequal, responsibility must also be unequal.” He said climate change is a global problem that requires a global solution, but the solutions must respect the principles of equity and common but differentiated responsibilities and respective capabilities (CBDR-RC), which is at the heart of the climate-change regime. “It is inequitable and unjust to expect countries with negligible historical emissions to bear an equal burden in mitigating climate change.... Developed nations must lead by example by achieving net zero well before 2050 and providing the means of implementation to developing nations,” India said. Rangreji said developing nations are the hardest hit by climate change, despite contributing the least to it. “The developed world, which historically contributed the most, is ironically the best equipped with the technological and economic means to address this challenge,” the official said. He criticised rich countries for enjoying the benefits of fossil fuels while discouraging developing nations from using their own energy resources. “Countries which have reaped development benefits from exploiting fossil fuels demand developing countries to not utilise the energy resources available to them,” India argued. It said the obligations of developing countries under the Paris Agreement are dependent on the fulfilment of two important factors — one, aspects of climate finance and two, climate justice. India also slammed the lack of action on climate-finance commitments. “The USD 100 billion pledged at the Copenhagen COP in 2009 by developed country parties and the doubling of the contribution to the Adaptation Fund have not yet been translated into any concrete actions,” it noted. India called the new climate-finance package for the Global South agreed at COP29 in Azerbaijan’s Baku “too little, too distant” to meet the urgent needs of developing countries. “Climate finance is a critical enabler for planning and implementing ambitious climate actions and an essential element for building trust in climate multilateralism. Any fair or meaningful assessment of obligations of States cannot be conducted without simultaneously assessing the climate-finance support provided,” the country said. India stressed the principle of fairness and equity, saying, “If contribution to global environmental degradation is unequal, the responsibility should also be unequal.” The fast-developing South Asian nation also reaffirmed its commitment to its climate targets under the Paris Agreement but warned against overburdening its citizens. “There is a limit on how much we burden our citizens, even when India is pursuing Sustainable Development Goals for one-sixth of humanity,” it said. India is home to about 17.8 per cent of the current global population. However, its contribution to climate change is less than 4 per cent historically. “Our per capita greenhouse gas emissions are less than half of the global average. Nevertheless, India has been undertaking ambitious national climate actions in good faith as a solutions provider. “Despite having overriding priorities for poverty eradication and achieving Sustainable Development Goals, India has contributed more than its fair share in the global climate actions,” Rangreji stressed. The country also said the science behind climate change is evolving and it may carry biases based on the choices made in interpreting evidence. Therefore, it said, decisions on who should do what cannot be guided by science alone. The hearing is the result of years of campaigning by Pacific island nations and Vanuatu, which led to a UN resolution asking the ICJ for an advisory opinion. Over the next two weeks, 98 countries, including small island nations and large emitters, will present their views. Though non-binding, the ICJ’s opinion could set a moral and legal benchmark in the global fight against climate change.1. "Procaffeinating":
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) witnessed a notable decline in short interest during December. As of mid-month, short interest reached 25.45 million shares, marking a 15.5% drop from late November’s figures. Short-sold shares now make up 0.5% of the total stock, and the days-to-cover ratio stands at 1.9, based on an average daily volume of 13.68 million shares. Institutional Moves Shine Spotlight on TSMC Several hedge funds and institutional investors have been actively adjusting their positions in TSMC. Pinnacle Associates Ltd. expanded its stake by 3.6% in the second quarter, while Rothschild Investment LLC became a new investor with a significant stake. Concurrent Investment Advisors LLC boosted its holdings by 11.4%, and Commonwealth Equity Services LLC increased its stake by 10.6%, now owning over 309,000 shares valued at approximately $53.8 million. Collectively, institutional investors and hedge funds now control 16.51% of TSMC’s stock. Analyst Opinions and Market Performance Research analysts have weighed in on TSMC, with Barclays raising its target price to $240, maintaining an “overweight” rating. Meanwhile, some firms like StockNews.com have shifted to a “hold” rating. Despite mixed reviews, the overall analyst rating averages to a “Moderate Buy” with a target price near $214. Financial Gains and Dividend Growth Recently, TSMC announced a quarterly dividend increase, with shareholders scheduled to receive $0.5484 per share, an annualized yield of 1.09%. The company’s latest earnings surpassed expectations, reinforcing its strong financial standing, with a remarkable net margin of 39.10%. Given these developments, TSMC continues to be a focal point for investors navigating the semiconductor market. The Rise and Prospects of TSMC in the Semiconductor Market Taiwan Semiconductor Manufacturing Company Limited (TSMC) has positioned itself as a leader in cutting-edge semiconductor technologies. With innovations in 3nm and 5nm process nodes, TSMC continues to push the boundaries of efficiency and power in chip manufacturing, appealing to tech giants for the latest computing and mobile applications. The semiconductor market as a whole is witnessing a surge in demand driven by advancements in artificial intelligence, 5G technology, and cloud computing. TSMC is at the forefront, investing heavily in sustainable manufacturing practices. The company aims to reduce its carbon footprint and improve energy efficiency across its fabrication plants, aligning with global sustainability trends. To mitigate risks and enhance its global presence, TSMC is expanding its geographical footprint, including new facilities in the United States and investments in Europe. These strategic moves are designed to bolster supply chain resilience and reduce dependency on any single region. Market analysts predict robust growth for TSMC, supported by its technological advancements and strategic investments. As semiconductor demands soar in various industries, TSMC is well-positioned to capture a significant market share. The focus on addressing chip shortages and geopolitical tensions further strengthens its leadership outlook. Compared to rivals like Intel and Samsung, TSMC maintains a competitive edge with its ability to innovate rapidly and meet the diverse needs of clientele ranging from consumer electronics to automotive sectors. This agility allows TSMC to remain attractive to investors seeking stability and growth potential. For more information about TSMC and its ventures, visit the official TSMC website .None
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Ontario Provincial Police say a man caught stunt driving on Highway 37 near Tweed, Ont. Thursday was 80 years old, and his licence was expired. "Yes, 80," OPP said in a post on X Thursday. A member of the OPP's Traffic Incident Management Enforcement (TIME) team spotted the driver, who was allegedly going 159 km/h in an 80 km/h zone. The stunt driving charge means an automatic roadside licence suspension of 30 days and a 14-day vehicle impound. Since the man's licence is expired, it means he cannot renew it for the next 30 days, OPP said. Conviction could also lead to a $2,000 fine, six demerit points and a one-year driving ban. Shopping Trends The Shopping Trends team is independent of the journalists at CTV News. We may earn a commission when you use our links to shop. Read about us. 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Northern Ontario Four transport truck drivers charged in northern Ont. collisions on Hwy. 11 Bad weather and bad driving contributed to multiple collisions on Highway 11 on Wednesday, leading to charges for several commercial motor vehicle drivers. More charges in investigation of North Bay man's murder The Almaguin Highlands Ontario Provincial Police has made another arrest about the recent murder of a man from North Bay. Northern Ont. police catch liquor store thief, getaway driver Two people from southern Ontario have been charged in connection with a liquor store robbery Wednesday in the Town of Thessalon. The suspects were caught after trying to flee on Highway 17 and hiding the booze in a snowbank. 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Winnipeg Manitoba bill would toughen penalties for some impaired-driving offences The Manitoba government is looking to bring in tougher penalties on people who are convicted of impaired driving offences that cause injury or death. Jordan’s Principle spending, Manitoba requests only increasing In the last five years, the number of approved Jordan’s Principle requests and the subsequent spending have nearly tripled. ‘I do it for the community’: Winnipeg veteran camps out at Higgins and Main for Christmas donations A Winnipeg veteran wants to bring back some holiday spirit to his community. To get it done, he is camping out at Higgins and Main for 10 days. Calgary Remembering a broadcast legend: Calgarians pay their respects to Darrel Janz Calgarians gathered Thursday to pay their respects to broadcast legend Darrel Janz, who inspired thousands of young journalists and continued sharing impactful local stories until his very last days. 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Heat, water issues close Canada Place, delay passport pickups for Edmontonians Canada Place in downtown Edmonton was closed to tenants and the public on Thursday and will remain closed on Friday as well. Regina Affordability, carbon tax bills pass as Sask. legislature continues short sitting The Saskatchewan Party's election promises of action on affordability and continued carbon tax exemptions have been fulfilled as the short sitting of the legislature carries on. Executive committee moves forward with motion to apply for federal funding to address homeless encampments Regina's Executive Committee unanimously approved a plan Wednesday to apply for federal funding related to addressing homeless encampments. Melville's first youth council sparks change in the city The City of Melville's first youth council are on the right track for embarking change in their home community. Saskatoon Saskatoon dog rescue operator ordered to pay $27K for defamatory Facebook posts A Saskatoon dog rescue operator has been ordered to pay over $27,000 in damages to five women after a judge ruled she defamed them in several Facebook posts. Saskatoon police chief supports regulating bear spray sales after spike in attacks Saskatoon is seeing a rise in attacks involving bear spray. Sask. school bus driver arrested for impaired driving after transporting 50 kids A Saskatchewan school bus driver, who was transporting 50 children shortly before his arrest, is facing impaired driving related charges. Vancouver Hiking apps prompt warnings after separate rescues from B.C. backcountry The search and rescue organization for Metro Vancouver's North Shore mountains is warning people to do their research after international visitors became stranded in two separate incidents while relying on hiking apps to plan their routes. Cyclist dead after East Vancouver crash Police are on scene after a fatal collision between a cyclist and a vehicle in East Vancouver Thursday afternoon. Emotional pre-Christmas reunions as HMCS Vancouver returns home after a 6-month deployment Just in time for Christmas, the HMCS Vancouver along with 240 crew members has retuned to Esquimalt Harbour after a six-month deployment. Vancouver Island Emotional pre-Christmas reunions as HMCS Vancouver returns home after a 6-month deployment Just in time for Christmas, the HMCS Vancouver along with 240 crew members has retuned to Esquimalt Harbour after a six-month deployment. B.C. minister stepping away from role following cancer diagnosis B.C.'s Minister of Children and Family Development, Grace Lore, is stepping away from her role after being diagnosed with cancer. Hiking apps prompt warnings after separate rescues from B.C. backcountry The search and rescue organization for Metro Vancouver's North Shore mountains is warning people to do their research after international visitors became stranded in two separate incidents while relying on hiking apps to plan their routes. Kelowna Study of 2023 Okanagan wildfires recommends limiting development in high-risk areas A study into the devastating wildfires that struck British Columbia's Okanagan region in 2023 has recommended that government and industry limit development in high-fire-risk areas. Kelowna, B.C., to host the Memorial Cup in the spring of 2026 The Western Hockey League's Kelowna Rockets will host the Memorial Cup in the spring of 2026, the Canadian Hockey League said Wednesday. 545 vehicles impounded in 332 days: BC Highway Patrol pleads for drivers to slow down Mounties with the BC Highway Patrol in Kelowna say they've impounded more than 545 vehicles for excessive speed and aggressive driving so far this year. That works out to more than 1.6 per day. Stay Connected
The bullish sentiment in the A-share market today can be attributed to a variety of factors. One of the key drivers is the positive economic data that has been coming out of China recently. The country's GDP growth has been stronger than expected, and many analysts believe that the Chinese economy is well positioned for further expansion in the coming months. This optimism has spilled over into the stock market, driving up prices across the board.
The integration of AI technology into film and television production not only streamlines the creative process but also opens up new possibilities for filmmakers to experiment with innovative storytelling techniques and visual effects. By harnessing the power of AI, directors can explore new narrative structures, create dynamic visual compositions, and enhance audience engagement in ways that were previously not possible.
In addition to her public outreach efforts, Dr. Chen is a strong advocate for enhancing science education in schools and colleges. She believes that instilling a passion for science at an early age is essential for nurturing the next generation of innovators and problem-solvers. "We need to make science education engaging, interactive, and relevant to students' lives," Dr. Chen said. "By incorporating hands-on experiments, real-world applications, and inspiring role models, we can ignite a spark of curiosity that fuels lifelong learning."The village team, aptly named as 'Rural Rovers', was founded in 1996 by a group of passionate football enthusiasts who dreamed of competing at a higher level despite the odds stacked against them. With limited resources and facilities, the team had to rely on sheer determination and teamwork to make their mark in the local football scene.