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U.S.-China relations extremely worrisome for climate progress

Chinese President Xi Jinping is not scheduled to attend COP27, although the country has reportedly sent a delegation of more than 50 people to Egypt. Xinhua News Agency | Xinhua News Agency | Getty Images SHARM EL-SHEIKH, Egypt — Fraying diplomatic tensions between the U.S. and China are a big …

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Trump candidates disappoint on Election Day

Former President Donald Trump hosted an election night party Tuesday at Mar-a-Lago, his Florida resort, and invited a full pool of reporters to document what he hoped would be a Republican landslide. Earlier in the day, Trump had released a four-page press advisory detailing how much he had done to …

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Pakistan says apocalyptic flooding reinforces the need for reparations

SHARM EL-SHEIKH, Egypt — Pakistan’s foreign minister says catastrophic flooding that submerged one-third of the country earlier this year reaffirms the need for wealthy countries to deliver on reparations, a highly contentious issue that has taken center stage at the U.N.’s flagship climate conference. Reparations, or “loss and damage” funding, …

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Wall Street layoffs pick up steam as Citigroup and Barclays cut hundreds of workers

A trader, center, wears a Citigroup jacket while working on the floor of the New York Stock Exchange (NYSE) in New York. Michael Nagle | Bloomberg | Getty Images Global investment banks Citigroup and Barclays cut advisory and trading personnel this week as Wall Street grapples with sharp declines in …

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Tesla sinks on Elon Musk stock sales, Twitter distraction

Tesla CEO Elon Musk speaks at an event in Hawthorne, California April 30, 2015. Patrick T. Fallon | Reuters Tesla shares dropped more than 7% on Wednesday to close at $177.59, their lowest since November 2020, after CEO Elon Musk disclosed the sale of close to $4 billion worth of …

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Elon Musk took over a struggling Twitter and has quickly made it worse

The Twitter profile page belonging to Elon Musk is seen on an Apple iPhone mobile phone. Nurphoto | Nurphoto | Getty Images When Elon Musk said last week that Twitter has experienced a “massive drop in revenue” under his recent tutelage, he blamed the decline on “activist groups pressuring advertisers.” …

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World leaders insist Ukraine war must not derail climate action

“We will not sacrifice our climate commitments under the energy threat from Russia and therefore all of the commitments made by nations must be held,” French President Emmanuel Macron said from Sharm el-Sheikh on Monday. Ludovic Marin | Afp | Getty Images SHARM EL-SHEIKH, Egypt — World leaders took to …

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Indonesia economy grew 5.7% in Q3, but it may be ‘as good as it gets’

The Indonesian economy grew at the fastest clip in more than a year for the third quarter, but this “might be as good as it gets” for the Southeast Asian nation as global headwinds await, economists said.   On Monday, Indonesia posted year-on-year GDP growth of 5.72% for the July to …

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One of China’s inflation gauges drops for the first time since 2020

China’s producer price index fell year-on-year in October 2022 for the first time since December 2020. Pictured here is a furnace at a steel plant in August 2022 in Jiangxi province. Zhang Yu | Visual China Group | Getty Images BEIJING — China’s producer price index fell in October for …

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Levi Strauss CEO says company’s search for new leader got help from unlikely source

As Levi Strauss & Co. searched for its next leader, it got help from a surprising source. Levi CEO Chip Bergh said pressure from activist investors prompted Kohl’s CEO Michelle Gass to consider the job. On Tuesday, Levi announced that Gass will join the company in January as president and …

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