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Greenhouse gases thrust into the atmosphere by burning fossil fuels are warming Earth's surface more quickly than previously understood, according to new climate models set to replace those used in current UN projections, scientists said Tuesday. The new calculations also suggest the Paris Agreement goals of capping global warming at "well below" two degrees, and 1.5C if possible, will be harder to reach, the scientists said. "With our two models, we see that the scenario known as SSP1 2.6 -- which normally allows us to stay under 2C -- doesn't quite get us there," Olivier Boucher, head of the Institute Pierre Simon Laplace Climate Modelling Centre in Paris, told AFP.

17 Sep 2019 7:46am GMT

(Bloomberg) -- Terry Gou, the billionaire founder of Foxconn Technology Group, pulled out of next year's presidential election in Taiwan, a move that may help unite the opposition Kuomintang party.Gou apologized to his supporters in a statement on Facebook Tuesday outlining his decision to withdraw from the race as an independent. After he quit the KMT last week, he had come under pressure from opposition leaders, including former President Ma Ying-jeou, to drop out of the race and support their nominee to help return the China-friendly party to power."With this poor election climate and prevailing populism, I'm not willing to participate in this political farce, not only for my own personal and factional interests, but also because class struggle is tearing Taiwan apart," Gou said in a video released Tuesday.Gou could still run as a candidate for one of Taiwan's established political parties.Shares in companies controlled by Gou slumped Tuesday. FIH Mobile Ltd. was the worst performer on Hong Kong's Hang Seng Composite Index, tumbling as much as 23.2%. His flagship Hon Hai Precision Industry Co. fell 2% in Taipei.Gou had been widely expected to run for the presidency after publicly flirting with the idea since losing the KMT primary to Kaohsiung Mayor Han Kuo-yu in July. Gou's candidacy threatened to sap support for Han who will challenge President Tsai Ing-wen in the Jan. 11 election.Gou trailed the two candidates from the main parties by at least seven percentage points, according to a survey released by TVBS last week. In a two-way race, Tsai leads with 49% of support, compared with 42% for Han.What had been shaping up as Taiwan's most competitive presidential election in decades could end up being essentially a straight fight between Tsai and Han. Another prospective independent candidate, Taipei City Mayor Ko Wen-je, said he had no intention of running for president, according to a report by TV news channel TVBS on Tuesday. Still, Tsai could face increased competition for voters who favor a stronger push for the island's formal independence. Former Vice President Annette Lu announced her intention to run as an independent. Lu served as vice president under Chen Shui-bian between 2000 and 2008.(An earlier version of this story was corrected to fix spelling of Hon Hai Precision Industry Co. in fifth paragraph)\--With assistance from Tony Jordan.To contact the reporter on this story: Debby Wu in Taipei at dwu278@bloomberg.netTo contact the editors responsible for this story: Daniel Ten Kate at dtenkate@bloomberg.net, Samson Ellis, Karen LeighFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

17 Sep 2019 4:34am GMT

(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Vladimir Putin takes great pride in his sky-high approval rating. But with Muscovites rising up and a new government instilling hope in Ukraine, he's being outshone by the president next door, Volodymyr Zelenskiy.It's still early days for the administration in Kyiv. While pushing a raft of popular reforms, Zelenskiy, 41, remains in his honeymoon period, while cries he's too close to a local billionaire grow louder.The 66-year-old Putin, meanwhile, is approaching two decades as Russia's leader. Economic expansion has fizzled out, and along with it the spending largess that kept the masses happy.The last time his popularity sagged meaningfully, Putin famously got a boost after annexing Crimea from Ukraine and fomenting a war between the two former allies.Zelenskiy has a long way to go to match the 89% rating Putin reached back then.To contact the reporter on this story: Andrew Langley in London at alangley1@bloomberg.netTo contact the editors responsible for this story: Andrea Dudik at adudik@bloomberg.net, Gregory L. WhiteFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

17 Sep 2019 4:00am GMT