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Lithuanian National Crisis Management Center: The alert regarding drones has ended.On September 13, Iranian Foreign Minister Araqchi stated in an interview that the meeting to be held in Oman on the 14th will focus on a new maritime passage through the Strait of Hormuz. Iran will present details of the agreement reached between Iran and Oman, as well as a map of the new passage, to the participating countries. Araqchi emphasized that the agreement reached between Iran and Oman does not mean the Strait of Hormuz will be reopened. The prerequisite for Iran to reopen the strait is that the United States fulfills its commitments made in the Islamabad Memorandum of Understanding.Iranian Foreign Ministry: Iranian Foreign Minister meets with Cuban Foreign Minister.Lithuanias National Crisis Management Center: Lithuania closes Vilnius Airport; NATO scrambles fighter jets after suspected drones were spotted in Lithuanian airspace.On September 13th, according to an announcement from the Hong Kong Stock Exchange, Zhipu (02513.HK) announced the completion of a financing round of approximately US$5 billion, including a share placement of approximately US$2 billion and a convertible bond issuance of approximately US$3 billion. This financing will primarily be used for next-generation GLM models, a fully self-training system, and related computing infrastructure. According to the announcement, the share placement price was HK$714 per share, representing a discount of approximately 9.96% to the closing price before the announcement. The placed shares represent approximately 4.50% of the enlarged issued share capital. The convertible bonds have a zero-coupon structure, with an issue price of 100.5% of the principal and redemption at maturity. The initial conversion price is HK$892.50 per share, a premium of 25% over the placement price and approximately 12.55% over the closing price before the announcement. The combination of zero-coupon issuance and a premium issuance is a significant signal of this round of financing. With a clearer R&D budget and funding arrangements, Zhipus capital base for continuing training experiments, advancing model iteration, and improving its computing system has been strengthened, increasing its competitiveness in the next stage of global cutting-edge model competition.

Plastic Consumption Is Projected to Nearly Double by 2050, According to Studies

Haiden Holmes

Feb 27, 2023 14:08

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According to research published on Monday, plastic consumption in G20 nations is on track to nearly double by the middle of the 21st century unless a comprehensive and legally binding global treaty to reduce consumption is drafted.


According to Back to Blue, a research group operated by the Economist Impact think-tank and the Nippon Foundation, existing initiatives to increase recycling or reduce single-use plastic consumption have "barely scratched the surface" and a more comprehensive global plan is required.


In Uruguay, the United Nations began negotiations on an agreement to combat plastic pollution in November, with the goal of drafting a legally binding treaty by the end of the following year. 175 countries have joined up for the negotiations.


Nonetheless, if negotiations fail, annual plastic production in G20 nations could reach 451 million tonnes by 2050 based on current development rates, according to Back to Blue - an increase of nearly 75 percent from 2019.


The research group stated, "There should be no illusions that the treaty negotiations will be anything but difficult and treacherous." "The likelihood of failure is high, both in terms of no treaty emerging and a treaty that is insufficient to reverse the plastic tide."


It called for a stricter ban on single-use plastic, as well as increased production taxes and mandatory programs to hold companies accountable for the entire lifecycle of their products, including recycling and disposal.


Back to Blue stated that the combined measures could limit annual consumption to 325 million tonnes by 2050, but that would still be a 25 percent increase from 2019 and the equivalent of 238 million garbage vehicles.


Brazil, the United States, Indonesia, and Turkey are among the G20 countries that have yet to introduce national prohibitions on single-use plastic products, according to the report.