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Swiss glacier collapse renews focus on risks of climate change as glaciers retreat around the world

Swiss glacier collapse renews focus on risks of climate change as glaciers retreat around the world

Yahoo30-05-2025
The landslide that buried most of a Swiss village this week is focusing renewed attention on the role of global warming in glacier collapses around the world and the increasing dangers.
How glaciers collapse — from the Alps and Andes to the Himalayas and Antarctica — can differ, scientists say. But in almost every instance, climate change is playing a role.
In Switzerland, the mountainside gave way Wednesday near the village of Blatten, in the southern Lötschental valley, because the rock face above the Birch Glacier had become unstable when mountain permafrost melted, causing debris to fall and cover the glacier in recent years, said Martin Truffer, a physics professor at the University of Alaska Fairbanks who studies how glaciers move.
While the debris insulated the glacier and slowed melting, its weight caused the ice to begin moving — which accelerated dramatically a few weeks ago. Authorities ordered the evacuation of about 300 people, as well as all livestock, from the village in recent days, 'when it became clear that there's a whole mountainside that's about to collapse,' said Truffer, who is from Switzerland.
Glacial lakes pose threat
Lakes that form at the base of glaciers as they melt and retreat also sometimes burst, often with catastrophic results. Water can even lift an entire glacier, allowing it to drain, said Truffer, adding that Alaska's capital of Juneau has flooded in recent years because a lake forms every year on a rapidly retreating glacier and eventually bursts.
In 2022, an apartment building-sized chunk of the Marmolada glacier in Italy's Dolomite mountains detached during a summer heat wave, sending an avalanche of debris down the popular summer hiking destination, killing 11.
A glacier in Tibet's Aru mountain range suddenly collapsed in 2016, killing nine people and their livestock, followed a few months later by the collapse of another glacier.
There also have been collapses in Peru, including one in 2006 that caused a mini tsunami; most recently, a glacial lagoon overflowed in April, triggering a landslide that killed two.
'It's amazing sometimes how rapidly they can collapse,' said Lonnie Thompson, a glacier expert at the Ohio State University. 'The instability of these glaciers is a real and growing problem, and there are thousands and thousands of people that are at risk.'
Scientists say melting glaciers will raise sea levels for decades, but the loss of inland glaciers also acutely affects those living nearby who rely on them for water for drinking water and agriculture.
No way to stop the melting
Scientists say greenhouse gases from the burning of fossil fuels such as coal have already locked in enough global warming to doom many of the world's glaciers — which already have retreated significantly.
For example, glaciers in the Alps have lost 50% of their area since 1950, and the rate at which ice is being lost has been accelerating, with 'projections ... that all the glaciers in the Alps could be gone in this century,' Thompson said.
Switzerland, which has the most glaciers of any country in Europe, saw 4% of its total glacier volume disappear in 2023, the second-biggest decline in a single year after a 6% drop in 2022.
A 2023 study found that Peru has lost more than half of its glacier surface in the last six decades, and 175 glaciers disappeared due to climate change between 2016 and 2020, mostly due to the increase in the average global temperature.
A study published Thursday in Science said that even if global temperatures stabilized at their current level, 40% of the world's glaciers still would be lost. But if warming were limited to 1.5 degrees Celsius (2.7 degrees Fahrenheit ) — the long-term warming limit since the late 1800s called for by the 2015 Paris climate agreement — twice as much glacier ice could be preserved than would be otherwise.
Even so, many areas will become ice-free no matter what, Truffer, the University of Alaska expert.
'There's places in Alaska where we've shown that it doesn't take any more global warming,' for them to disappear, Truffer said. 'The reason some ... (still) exist is simply because it takes a certain amount of time for them to melt. But the climate is already such that they're screwed.'
___
The Associated Press' climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.
Tammy Webber, The Associated Press
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Beauty (ELF), Disney (DIS), DraftKings (DKNG), McDonald's (MCD), Novo Nordisk (NVO), Shopify (SHOP), Six Flags (FUN), Uber (UBER) Here are some of the biggest stories you may have missed overnight and early this morning: Disney announces ESPN deal as parks, streaming drive earnings beat McDonald's stock rises after company reverses US sales slump NFL to take 10% stake in ESPN in deal with Disney AI and GLP-1s were hot post-pandemic trades, but only one is thriving Novo reports Q2 earnings missing estimates on slower GLP-1 sales China pushes back on US chip tracking amid ongoing trade tensions Shopify jumps on Q3 revenue forecast, boosted by AI upgrades Trump says Japan to import Ford's huge F-150 pickup trucks Goldman trader says buoyant stocks are ignoring recession risks Economic data: MBA mortgage applications (week ending Aug. 1) Earnings: AppLovin (APP), e.l.f. Beauty (ELF), Disney (DIS), DraftKings (DKNG), McDonald's (MCD), Novo Nordisk (NVO), Shopify (SHOP), Six Flags (FUN), Uber (UBER) Here are some of the biggest stories you may have missed overnight and early this morning: Disney announces ESPN deal as parks, streaming drive earnings beat McDonald's stock rises after company reverses US sales slump NFL to take 10% stake in ESPN in deal with Disney AI and GLP-1s were hot post-pandemic trades, but only one is thriving Novo reports Q2 earnings missing estimates on slower GLP-1 sales China pushes back on US chip tracking amid ongoing trade tensions Shopify jumps on Q3 revenue forecast, boosted by AI upgrades Trump says Japan to import Ford's huge F-150 pickup trucks Goldman trader says buoyant stocks are ignoring recession risks McDonald's stock rises after company reverses US sales slump McDonald's (MCD) stock rose 3% in premarket trading after The fast-food chain reported a return to sales growth in the second quarter. Global comparable sales jumped 3.8%, above analysts' estimates for a 2.5% increase, while US same-store sales increased 2.5% in the company's fiscal second quarter, marking a turnaround from the 3.6% drop in the first quarter. McDonald's also beat Wall Street estimates for earnings and revenue, reporting profits of $3.19 per share on $6.84 billion in revenue. Analysts were expecting earnings per share of $2.97 on $6.70 billion in revenue. The company still expects same-store sales to grow 1.9% for the full fiscal year, and US same-store sales to rise 1.2%. Read more here. McDonald's (MCD) stock rose 3% in premarket trading after The fast-food chain reported a return to sales growth in the second quarter. Global comparable sales jumped 3.8%, above analysts' estimates for a 2.5% increase, while US same-store sales increased 2.5% in the company's fiscal second quarter, marking a turnaround from the 3.6% drop in the first quarter. McDonald's also beat Wall Street estimates for earnings and revenue, reporting profits of $3.19 per share on $6.84 billion in revenue. Analysts were expecting earnings per share of $2.97 on $6.70 billion in revenue. The company still expects same-store sales to grow 1.9% for the full fiscal year, and US same-store sales to rise 1.2%. Read more here. Disney beats on earnings but linear TV struggles weigh on stock Disney (DIS) reported fiscal third quarter earnings on Wednesday that beat expectations, driven by continued strength in its domestic parks business and a year-over-year swing to profitability in its streaming unit. Revenue came in roughly in line with forecasts. The direct-to-consumer segment posted a profit of $346 million, compared to a $19 million loss a year ago. The company continues to prioritize consistent profitability in streaming amid the ongoing shift away from traditional pay-TV. Disney is targeting approximately $875 million in streaming profits for fiscal 2025. The company raised its full-year profit forecast to $5.85 a share, up from its May forecast of $5.75 and ahead of Wall Street expectations of $5.77. Prior to its earnings update, Disney also confirmed previous reports that ESPN has reached a preliminary deal to acquire key NFL Media assets, including NFL Network, NFL RedZone, and NFL Fantasy, in exchange for a 10% equity stake in the network. The stock gave up earlier gains and slipped around 2% in pre-market trading, as steep declines in the linear TV business overshadowed strength in parks and streaming. Read more here. Disney (DIS) reported fiscal third quarter earnings on Wednesday that beat expectations, driven by continued strength in its domestic parks business and a year-over-year swing to profitability in its streaming unit. Revenue came in roughly in line with forecasts. The direct-to-consumer segment posted a profit of $346 million, compared to a $19 million loss a year ago. The company continues to prioritize consistent profitability in streaming amid the ongoing shift away from traditional pay-TV. Disney is targeting approximately $875 million in streaming profits for fiscal 2025. The company raised its full-year profit forecast to $5.85 a share, up from its May forecast of $5.75 and ahead of Wall Street expectations of $5.77. Prior to its earnings update, Disney also confirmed previous reports that ESPN has reached a preliminary deal to acquire key NFL Media assets, including NFL Network, NFL RedZone, and NFL Fantasy, in exchange for a 10% equity stake in the network. The stock gave up earlier gains and slipped around 2% in pre-market trading, as steep declines in the linear TV business overshadowed strength in parks and streaming. Read more here. How to think about Nvidia following AMD EPS sell-off Advanced Micro Devices (AMD) is off by 5% pre-market following EPS last night. Some squishy areas of the results such as margins falling and mixed third quarter guidance. Demand seemed OK to me. If there is one read through from the report to Nvidia's (NVDA) August 27 earnings day it's this: China chip risk will remain high in the near-term. That may suggest similarly mixed guidance from Nvidia when it reports. If there is a positive here, this risk is being priced into Nvidia shares today after the AMD results. Advanced Micro Devices (AMD) is off by 5% pre-market following EPS last night. Some squishy areas of the results such as margins falling and mixed third quarter guidance. Demand seemed OK to me. If there is one read through from the report to Nvidia's (NVDA) August 27 earnings day it's this: China chip risk will remain high in the near-term. That may suggest similarly mixed guidance from Nvidia when it reports. If there is a positive here, this risk is being priced into Nvidia shares today after the AMD results. And we are still watching Palantir! After a 7.85% post earnings pop on Tuesday, Palantir (PLTR) looks to be holding onto gains pre-market despite mixed results out of Advanced Micro Devices (AMD) last night. It's going to be hard to shake the Palantir bulls in the near-term. Palantir had the type of shocking quarter than ignited the Nvidia trade more than a year ago. Factor in the potential for a rate cut at the September Fed meeting that could fuel momentum stocks, and the setup on Palantir looks it doesn't. "We believe in the next few years Palantir has the potential to be a trillion dollar market cap as the AI Revolution takes hold," said Wedbush analyst Dan Ives. Palantir's current market cap: $411 billion. After a 7.85% post earnings pop on Tuesday, Palantir (PLTR) looks to be holding onto gains pre-market despite mixed results out of Advanced Micro Devices (AMD) last night. It's going to be hard to shake the Palantir bulls in the near-term. Palantir had the type of shocking quarter than ignited the Nvidia trade more than a year ago. Factor in the potential for a rate cut at the September Fed meeting that could fuel momentum stocks, and the setup on Palantir looks it doesn't. "We believe in the next few years Palantir has the potential to be a trillion dollar market cap as the AI Revolution takes hold," said Wedbush analyst Dan Ives. Palantir's current market cap: $411 billion. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Switzerland is in a uniquely difficult position when it comes to tariffs. Here's why
Switzerland is in a uniquely difficult position when it comes to tariffs. Here's why

CNBC

time6 hours ago

  • CNBC

Switzerland is in a uniquely difficult position when it comes to tariffs. Here's why

Switzerland is scrambling to make a trade deal with Washington as it looks to avoid a "triple blow" of economic problems after being hit with 39% tariffs on goods imported to the U.S. Swiss leaders this week travelled to Washington D.C. in an attempt to strike a deal with the U.S. administration in a bid to avoid the hefty duties which will come into effect Aug. 7. The 39% tariff rate, which is one of the highest in U.S. President Donald Trump's latest flurry of new duties, came as a surprise to the European country as a trade agreement had seemingly been imminent. Trump told CNBC on Tuesday that Swiss President Karin Keller-Sutter "didn't want to listen" to his concerns about the U.S. trade deficit with Switzerland. Following the announcement of the 39% tariff rate, the Swiss government said Switzerland had maintained a "very constructive stance from the outset" during "intensive" talks. The U.S. recorded a $38.3 billion trade deficit with Switzerland when accounting for goods, and a $29.7 billion surplus in the services realm last year, according to the Office of the United States Trade Representative. The looming tariffs are expected to not only hit Swiss companies, but concerns have also emerged about the wider impact on the country's economy. Quarterly economic growth has remained somewhat muted for some time, with gross domestic product expanding by 0.5% in the first quarter of 2025. Swiss inflation has also long been at low levels, even turning negative earlier this year. In July, the consumer price index came in at 0.2% compared with the same month a year earlier. As long as pharmaceutical products — which are key Swiss exports — are not affected by tariffs, their impact on economic growth may be limited, Adrian Prettejohn, Europe economist at Capital Economics, told CNBC. "We estimate that the current tariff rate of 39%, but with exemptions for pharmaceutical products, would reduce GDP by around 0.6% in the medium term. While this is significant, it is not catastrophic, indeed it is equivalent to around only three months of economic growth," he explained. However, Trump also told CNBC in Tuesday's interview that a sector-specific tariff on pharmaceuticals could go as high as 250% within the next 18 months. U.S. duties on pharma imports would be a major blow to Switzerland, a major hub for the global pharmaceutical industry. In 2023, the life sciences sector contributed 38.5% of Swiss exports. The sector-specific duties would "likely "take the aggregate impact of US tariffs on Switzerland's GDP to over 1% and potentially as much as 2%," Prettejohn said. "Pharma is by far the most important export for Switzerland," Torsten Sauter, head of Swiss equity research at Kepler Cheuvreux, said in a note on Monday. "Here, Switzerland has leverage via US pharma reliance, but it must tread carefully — one misstep could trigger a devastating 39% tariff on its most valuable sector." Beyond Trump's tariffs, demand for the Swiss franc is also adding to Switzerland's economic and diplomatic woes. Since the beginning of the year, the currency — typically seen as a safe haven asset in times of uncertainty or market turbulence — has gained around 11% against the U.S. dollar. Its surging value has been weighing on inflation, prompting the Swiss National Bank to reduce its key interest rate to 0% in June. Swiss exporters are now facing a "triple blow" of problems, said Kepler Cheuvreux's Sauter in his note on Monday. "Steep tariffs … [would] come on top of a weak USD/CHF currency pair, and a competitive disadvantage compared to neighbouring countries," he explained. The European Union recently secured a deal with the Trump administration that will see a blanket 15% tariff imposed on goods the bloc exports to the U.S. — a significantly lower rate than Switzerland faces. Kamal Sharma, G10 FX strategist at Bank of America, told CNBC on Wednesday that Trump's trade policies were putting the Swiss National Bank in "a very, very difficult situation." "I think the big issue is that from a rates perspective, the market is now starting to get a little bit more concerned, because negative [rates] is something that's always on the horizon," he said. "There is some concern that if the U.S.-Swiss trade deal stays as it is, it means it's going to press the SNB into further accommodative action." In the past negative rates have done little to increase inflation and weaken currencies, and are also unlikely to cushion a tariffs blow, Sharma said. "The more direct response that the SNB could take is to say, look, we need to offset this by engineering some currency depreciation, and what that does is that it brings intervention back into play. So intervention now is more likely than it was before," the strategist added. But that isn't an easy move for Swiss policymakers to make. SNB intervention in the foreign exchange market led to Switzerland being labeled a currency manipulator during Trump's first term, and earlier this year the country was added to a "Monitoring List" of trading partners "whose currency practices and macroeconomic policies merit close attention." Trump's tariff policy also takes into account any "currency manipulation and trade barriers." Swiss officials have denied accusations of deliberately devaluing the Swiss franc against the greenback. However, BoA's Sharma said that the SNB is likely to plow ahead with currency intervention, even if it "may further incur the wrath of the U.S. administration." "In some ways, [they've] got nothing more to lose … they have to start thinking about Swiss industry."

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