Latest in Climate breakdown will hit global growth by a third, say central banks
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Climate breakdown will hit global growth by a third, say central banks
New modelling finds risk to global economies much worse than previously thought, but group of central banks says even this may be an underestimate. The physical shocks caused by climate breakdown ...World - The Guardian - November 8 -
US central bank boss says Trump can't fire him
The US central bank cuts interest rates, as its chairman vows to stay on the job.Top stories - BBC News - November 7 -
Bangladesh tycoon says Singapore citizenship is a shield against central bank ‘intimidation’
Mohammed Saiful Alam considers international arbitration over accusations he siphoned money out of banking sectorWorld - Financial Times - 2 days ago -
European Central Bank policymakers split on the need for jumbo rate cuts as growth concerns take over
Policymakers at the European Central Bank are split on the need to consider a jumbo half-point interest rate cut in December.Business - CNBC - October 23 -
‘When the hurricane hit, I saw my neighbour’s boat lift into the sky’ – This is climate breakdown
All of a sudden I heard this loud noise at the back of my house. The window was smashed in what was supposed to be our secure room. This is Roseman’s story. Location Union Island, the Caribbean. ...World - The Guardian - 5 hours ago -
Cop29 live updates: Carbon credit trade rules approved, breaking lengthy deadlock
Draft decision on article 6 approved with no objections. UN climate chief Simon Stiell gave a moving speech at the Cop29 opening plenary on Monday, writes Dharna Noor, fossil fuels and climate ...World - The Guardian - November 11 -
Japan's central bank to remain undeterred on rate hikes despite LDP's electoral shock, analysts say
Roughly 86% of economists polled by Reuters expect the central bank to leave its rates unchanged when it announces its decision Thursday.Business - CNBC - October 28 -
Global public debt will hit $100 trillion by year-end, says IMF
The IMF warned of the risks posed by unsustainable public debt levels.Business - CNBC - October 23 -
I lost my six year old son when flash floods inundated Nova Scotia - This is climate breakdown
Before the floods, I was always with my boys. Always. This is Tera’s story. Location Martock, Canada. Disaster Nova Scotia floods, 2023. Tera works with people who have physical and mental ...World - The Guardian - November 11 -
Growth hit by freeze on tax thresholds, says BoE official
‘Tax-bracket creep’ has hit middle earners hardest, warns Catherine Mann ahead of a likely Budget extensionBusiness - Financial Times - October 24 -
Sovereign debt is the biggest risk to global growth in 2025, Saudi finance minister says
Global public debt hit a record $97 trillion in 2023, prompting the UN to call for urgent reforms for governments and financial systems around the world.Business - CNBC - October 31 -
UK Treasury chief says she's not satisfied by paltry third-quarter economic growth
The British economy’s rebound from recession slowed down sharply in the third quarter of the year with most sectors stagnatingWorld - ABC News - 6 days ago -
Trump’s victory sets up traps for central banks
The incoming president is likely to attack the Fed if it seeks to counteract his policies or if inflation takes off againWorld - Financial Times - November 7 -
The Breakdown | Rugby is crying out for fresh global vision in crucial leadership vote
Whoever succeeds Bill Beaumont at World Rugby will have bulging in-tray with 20-minute red card fallout on agenda. There are plenty of major rugby union contests happening this month but perhaps ...World - The Guardian - November 12 -
The Breakdown | Global rugby revolution? More like Mickey Mouse leagues for the gullible
Numerous innovative goldrush proposals have fallen away over the years after coming into contact with reality. The breathless headlines looked exciting. “Global rebel league” and “Rugby revolution” ...World - The Guardian - 2 days ago -
Asia needs to spend much more to adapt to climate change and limit its damage, bank study says
A study by the Asian Development Bank shows that countries in Asia will suffer worse damage from the climate crisis than other regions and they are not spending enough to limit the damage and adapt ...World - ABC News - October 30 -
UK must raise its climate ambition to restore global reputation, says adviser
Businesses urge Labour to adopt CCC recommendations and set out ‘ambitious and investable’ goalsBusiness - Financial Times - October 25 -
Exxon CEO says Trump should keep U.S. involved in global effort to address climate change
Trump has slammed the Paris climate agreement as "horribly unfair to the U.S."Business - CNBC - November 12 -
‘Essential to act now’ to prevent chaotic climate breakdown, warns UN chief
On the eve of Cop29 in Baku, António Guterres says dangers are underestimated as irreversible tipping points near. The world is still underestimating the risk of catastrophic climate breakdown and ...World - The Guardian - November 8 -
‘When the water subsided, I saw our house was gone’ – This is climate breakdown
We were shocked by how quickly the water rose. My children panicked and I didn’t know what to save first. This is Leoncia’s story. Location Sitio Gipit, Philippines. Disaster Typhoon Carina, ...World - The Guardian - 3 days ago -
‘My legs were getting smashed in. My face was burning’ – This is climate breakdown
You had to drive through the fire to leave. I remember my heart racing. This is Olivia’s story. Location Fort Smith, Canada. Disaster Wood Buffalo Complex fire, 2023. Olivia is Dene , a ...World - The Guardian - Yesterday -
Druckenmiller poured into regional banks in the third quarter
Stanley Druckenmiller made a big bet on regional banks in the third quarter, that’s likely paid off after a Republican sweep in the elections.Business - MarketWatch - 6 days ago -
Airstrikes Hit Central Beirut for First Time in Weeks
The attacks came as Israel’s military has been pounding an area just outside the Lebanese capital with some of the heaviest waves of bombardment in months.World - The New York Times - 3 days ago -
Biden to skip global climate summit again
{beacon} Energy & Environment Energy & Environment The Big Story Biden won't attend this year's climate summit President Biden won't attend this year's COP29 climate summit, according to a White ...Politics - The Hill - November 1 -
Global climate community braces for Trump 2.0
Welcome to The Hill's Sustainability newsletter {beacon} Sustainability Sustainability The Big Story Global climate community braces for Trump 2.0 The reelection of former President Trump is ...Politics - The Hill - November 6 -
Trump may cede global climate leadership to China
As Republicans eye a red sweep, the U.S. could announce its withdrawal from the Paris Agreement as soon as early 2025 and complete it by beginning of 2026.Business - CNBC - 6 days ago -
Russia's central bank raises key rate to 21% to rein in higher-than-forecast inflation
Russia's central bank on Friday raised its key interest rate by 200 basis points to 21%, citing higher-than-forecast consumer price increases.Business - CNBC - October 25 -
Switzerland is now flirting with deflation, causing a dilemma for its central bank
Switzerland could be at risk of slipping into deflationary territory next year as a stronger Swiss franc dogs policymakers' efforts to get a handle on prices.Business - CNBC - October 31 -
Lebanon's detained former central bank governor faces new corruption charge
A Lebanese judge has charged the country’s detained former central bank governor with illicit enrichment and issued an arrest warrantWorld - ABC News - October 31 -
Central banks need escape route from cycle of boom and bust
We should debate excessive policy easing and the neglect of credit and debt developmentsWorld - Financial Times - November 1 -
Financing the Fight Against Global Warming Falls to Multilateral Banks
These financial institutions are complex, and vital to funding efforts to slow climate change. Here’s how they work.Business - Inc. - November 11 -
Deutsche Bank shares shed 3% as lender's swing back to profit fails to impress
The partial release of 440 million euros of litigation provisions in the third quarter helped boost profit, Deutsche Bank said.Business - CNBC - October 23 -
Deutsche Bank warns of rising bad loan provisions
German lender posts record third-quarter profits but tells investors to brace again for credit risksBusiness - Financial Times - October 23 -
Swiss bank UBS smashes third-quarter expectations with $1.4 billion in profit
Swiss banking titan UBS on Wednesday posted a large profit beat, after completing its first wave of client migrations following its integration of collapsed domestic rival Credit Suisse.Business - CNBC - October 30 -
Bank of Canada resorts to jumbo rate cut as growth falters
Slowdown prompts shift to 50bp reduction, with rate-setters saying borrowing costs are likely to fall furtherWorld - Financial Times - October 23 -
BNP Paribas Investment Bank Growth Offsets Retail Weakness
BNP Paribas reported a rise in third-quarter earnings that was in line with market expectations, as growth in its investment bank offset softness in its domestic retail business.Business - The Wall Street Journal - October 31 -
U.S. Remains Engine of Global Growth in New IMF Forecasts
The International Monetary Fund issued its latest World Economic Outlook report, saying American economic resilience should buoy worldwide growth.Business - Inc. - October 23 -
Third plane hit by gunfire in Haiti; FBI investigating
A third plane was hit by gunfire in Haiti amid a surge in gang violence. The FAA banned flights to the country for a month following the incidents, which are being investigated by the FBI. CBS News ...Top stories - CBS News - November 12