President Donald Trump announced he will buy a new Tesla in support of CEO Elon Musk, following a drop in share prices and backlash over Musk’s actions. Trump praised Musk for his contributions to the nation and criticized those boycotting Tesla. Despite Trump’s endorsement, Musk faces unpopularity and declining sales, with Tesla’s market value decreasing by one-third since December.
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Long way to go to stop lending for deforestation
Australian banks have been slow to reduce their involvement in deforestation, with major lenders like ANZ, Westpac, and Commonwealth Bank still financing agribusinesses linked to land clearing, which contributes to climate change and threatens biodiversity. A report by the Australian Conservation Foundation highlights the risks associated with deforestation, urging banks to eliminate such practices from their portfolios and calling for a national strategy to end deforestation by 2030. Need More Context? 🔎
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