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Earth Nears Critical Warming Threshold As 2024 Sets New Heat Record

by THEFUTURE.TEAM

March 19, 2025

The planet is edging closer to a critical climate tipping point, with record-high greenhouse gas emissions driving temperatures to unprecedented levels in 2024. The latest report from the United Nations’ World Meteorological Organization (WMO) paints a stark picture: accelerating glacier melt, rising sea levels, and an alarming proximity to the 1.5-degree Celsius warming limit set by the Paris Agreement.

Key Facts

Global temperatures in 2024 were 1.55 degrees Celsius above pre-industrial levels, exceeding the previous record set in 2023 by 0.1 degrees, according to WMO’s annual climate report.
The Paris Agreement aims to cap global warming at 1.5 degrees above the 1850-1900 average to prevent catastrophic climate consequences.
Current estimates place the long-term warming trend between 1.34 and 1.41 degrees Celsius—dangerously close to the Paris target but not yet surpassing it.

Read Ocean Warming Speeds Up Over Four Times Faster Than In the 1980s, Study Reveals

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What Experts Are Saying

“A single year above 1.5 degrees does not mean we have officially exceeded the Paris Agreement threshold,” said John Kennedy, WMO’s scientific coordinator and lead author of the report. However, he cautioned that given uncertainties in climate data, breaching this limit cannot be ruled out.

What To Watch

While human-driven emissions remain the dominant factor in global warming, WMO notes that other elements—such as shifts in the solar cycle, volcanic activity, and reductions in cooling aerosols—may have contributed to 2024’s extreme temperatures.

Despite localized cooling in some regions, extreme weather disasters intensified worldwide. Droughts have deepened food shortages, while floods and wildfires displaced 800,000 people—the highest number recorded since 2008. Meanwhile, ocean heat has hit record highs, accelerating acidification and further destabilizing marine ecosystems.

The data on sea levels is equally concerning. Between 2015 and 2024, global sea levels rose at an average rate of 4.7 millimeters per year—more than double the rate observed between 1993 and 2002. The relentless loss of glaciers and sea ice continues to push ocean levels to new heights, underscoring the urgency of global climate action.

As world leaders grapple with policy decisions and climate commitments, 2024 serves as a stark reminder that the window for meaningful intervention is rapidly closing.

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Foreign Firms Contribute €3.5 Billion To Cyprus Economy In 2023

by THEFUTURE.TEAM

November 12, 2025

Recent Eurostat data reveals that Cyprus remains an outlier within the European Union, where foreign-controlled companies contribute minimally to the nation’s employment figures and economic output. While these enterprises have a substantial impact in other member states, in Cyprus they account for only 10 percent of all jobs, a figure comparable only to Italy and marginally higher than Greece’s 8 percent.

Employment Impact

The report highlights that foreign-controlled companies in Cyprus employ 32,119 individuals out of a total workforce that, across the EU, reaches 24,145,727. In contrast, countries such as Luxembourg boast a 45 percent job share in foreign-controlled firms, with Slovakia and the Czech Republic following closely at 28 percent.

Economic Output Analysis

In terms of economic contribution, these enterprises generated a total value added of €3.5 billion in Cyprus, a small fraction compared to the overall EU total of €2.39 trillion. Notably, Ireland leads with 71 percent of its value added stemming from foreign-controlled firms, followed by Luxembourg at 61 percent and Slovakia at 50 percent. On the lower end, France, Italy, Greece, and Germany exhibit values below 20 percent.

Domestic Versus Foreign Ownership

The data underscores Cyprus’s heavy reliance on domestically controlled enterprises for both employment and economic output. However, it is important to note that certain businesses might be owned by foreign nationals who have established companies under Cypriot jurisdiction. As a result, these firms are classified as domestically controlled despite having foreign ownership or management components.

Conclusion

This analysis emphasizes the unique role that foreign-controlled enterprises play within the Cypriot economy. While their overall impact is limited compared to some EU counterparts, the presence of these companies continues to contribute significantly to the island’s economic landscape.