New York Times (December 4)
The temperature is rising at COP28 as “climate concerns boil over.” Sultan Ahmed al Jaber lit the fuse with “contentious comments” that expressed “skepticism about the world’s ability to halt a rise in global temperatures by reducing the use of hydrocarbons.” Since the oil executive and Emirati politician is “presiding over the COP28 climate summit,” the remarks are “casting fresh doubts over the U.A.E.’s commitment to addressing the climate crisis.”
Tags: Al Jaber, Climate summit, Concerns, Contentious, COP28, Crisis, Doubts, Hydrocarbons, Oil, Politician, Rise, Skepticism, Sultan, Temperatures, U.A.E
Investment Week (September 12)
“Annual growth in employees’ average total pay, including bonuses, was 8.5%; which was boosted by the NHS and Civil Service one-off payments made in June and July. Due to the strong momentum in wage growth, the Bank of England is expected to push ahead with a 25 basis point interest rate rise at its Monetary Policy Committee meeting later this month.”
Tags: Annual growth, BOE, Bonuses, Civil Service, Employees, Interest rate, Momentum, MPC, NHS, Rise, Strong, Total pay, Wage growth
Investments & Pensions Europe (January Issue)
“The scientific evidence is unequivocal that if humanity continues along its current path, it is likely that, by 2100, global average temperatures will rise by between 2.7°C and 3.6°C. A rise of 4°C could lead to a cost of as much as $31trn (€29trn) per year in 2100… apart from the costs of loss of life and destruction of habitats.”
Tags: $31trn (€29trn), 2100, 4°C, Destruction, Evidence, Habitats, Humanity, Loss of life, Rise, Scientific, Temperatures, Unequivocal
The Economist (August 20)
The Bank of Japan expects “prices will rise by 2.3% in the current fiscal year. That would be the first time prices outstrip the bank’s 2% target since it was introduced in 2013, excluding the impact of sales-tax hikes. The covid-19 pandemic and commodity shocks from the war in Ukraine seem to have done what years of loose monetary policy could not.”
Tags: 2.3%, 2013, BOJ, Commodity, COVID-19, Pandemic, Prices, Rise, Sales-tax hikes, Shocks, Target, Ukraine, War
Investment Week (June 16)
“The industry has labelled the Bank of England a ‘timid cat’ following its interest rate rise of 0.25% in its bid to tackle inflation on Thursday (16 May), with many stating it was simply prolonging the time till they take the necessary action.” Following the 25-basis-point hike, UK interest rates stand at 1.25%, with the BoE expecting inflation “to peak at 11% in October.”
Tags: 0.25%, 1.25%, Action, BOE, Inflation, Interest rate, Necessary, October, Peak, Prolonging, Rise, Timid cat, UK
The Guardian (December 28)
The UK has seen another record rise of daily Covid cases, with 138,831 reported in England, Scotland and Wales alone.” Still, there may be cause for hope. “Although hospital admissions had increased in recent weeks as Omicron spreads through the population, fewer patients were needing high-flow oxygen and the average length of stay was down to three days.”
Tags: Admissions, Cases, Covid, England, Hospital, Omicron, Oxygen, Patients, Record, Rise, Scotland, UK, Wales
World Economic Forum (December 10)
“Greenhouse gas emissions reached a new high last year, putting the world on track for an average temperature rise of 3 degrees Celsius.” The UNEP report is only “the latest to suggest the world is hurtling toward extreme climate change” and comes on the heels “of sobering weather extremes, including rapid ice loss in the Arctic as well as record heat waves and wildfires in Siberia and the U.S. West.”
Tags: 3°C, Arctic, Climate change, Emissions, GHG, Heat waves, Hurtling, Ice loss, Record, Rise, Siberia, Sobering, Temperature, UNEP, Weather extremes, Wildfires
Chicago Tribune (December 24)
“We missed it. Readers and I, along with almost everyone else, failed to foresee the rise and confounding political buoyancy of GOP presidential hopeful Donald Trump, whose ride atop the polls was the nation’s biggest story in 2015.”
Tags: 2015, Buoyancy, Confounding, Donald Trump, Foresee, GOP, Polls, Rise
