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Global Events Unfold as Nuclear Treaty Expires, Storms Batter Iberia, and China Invests in Green Energy
The expiration of the New START treaty between the United States and Russia on Thursday marked the end of legally binding limits on their strategic nuclear arsenals for the first time in over half a century, raising concerns about a potential nuclear arms race. Meanwhile, Storm Leonardo swept through Portugal and Spain on Wednesday, causing at least one fatality and widespread disruption. In other news, China's green energy sector fueled over 90% of the country's investment growth last year, and President Xi Jinping engaged in video calls with both Russian President Vladimir Putin and U.S. President Donald Trump.
The New START treaty, signed in 2010 by then-Presidents Barack Obama and Dmitry Medvedev, committed both the U.S. and Russia to limiting their strategic nuclear arms. With its expiration, "the two countries [are left] with no control over their nuclear arsenals," according to Euronews. The absence of this treaty raises questions about the future of nuclear arms control and the potential for increased global tensions.
On the Iberian Peninsula, Storm Leonardo brought severe weather, forcing thousands to evacuate and causing widespread closures. "A vehicle was found with one occupant, so there is one death," a spokesman for the national civil protection authority reported, confirming the death of a man in his 60s in Portugal who was swept away by floodwaters, according to Euronews. The storm is the latest in a series of severe weather events to hit the region this year.
In economic news, China's clean energy industries experienced significant growth. According to The Guardian, these sectors "drove more than 90% of China's investment growth last year," making them larger than all but seven world economies. The sector contributed to a record 15.4tn yuan (2.1tn) of business last year.
Adding to the diplomatic landscape, President Xi Jinping held a video call with President Putin to discuss economic cooperation, bilateral ties, and geopolitical tensions, Euronews reported. This call preceded a phone conversation between Xi and President Trump, as Western leaders seek to maintain ties with China despite existing differences.
Meanwhile, Snap's Q4 earnings report revealed revenue growth and an increase in subscribers to its paid subscription service, Snap. Revenue was up 10% year-over-year, reaching $1.7 billion, according to TechCrunch. The company's net income also rose, reaching $45 million, up from $9 million the previous year. Snap's subscribers grew 71% year-over-year, reaching 24 million.
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