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The Guardian (January 11)

2024/ 01/ 13 by jd in Global News

“Global renewable energy capacity grew by the fastest pace recorded in the last 20 years in 2023,” rising 50% to 510 GW and marking “the 22nd year in a row that renewable capacity additions set a new record.” The tremendous growth in 2023 “could put the world within reach of meeting a key climate target,” set at Cop28, “to triple renewable energy capacity by 2030.”

 

Reuters (October 2)

2023/ 10/ 03 by jd in Global News

“Tensions between the West and China are rising, from tit-for-tat trade tariffs to tech rivalry and spying allegations. The ramifications for global markets are significant, with Washington and Beijing’s determination to loosen dependence on each other fraying long-established supply chains. That could help keep inflation and interest rates elevated. Still, there are gains for emerging nations and tech giants on the right side of the power battle.”

 

San Francisco Chronical (May 27)

2023/ 05/ 28 by jd in Global News

“State Farm, California’s largest property and casualty insurer as of 2021, stopped issuing home, business and casualty insurance policies in the state Saturday, citing wildfire risks and rising construction costs…. The state has suffered increasingly massive and destructive wildfires in recent years, leading to scarcer and more expensive insurance policies in wildfire-prone zones.”

 

Wall Street Journal (February 16)

2023/ 02/ 18 by jd in Global News

“Fresh figures on jobs and prices drove the economy’s surprising vigor this year, joining rising household incomes, consumer resilience and other data that have persuaded investors the Federal Reserve’s battle against inflation is likely to be a longer one than they hoped.” In January, U.S. hiring rose while “unemployment fell to a 53-year low.”

 

Reuters (December 16)

2022/ 12/ 18 by jd in Global News

“The euro zone will soon have to pay for a decade of European Central Bank largesse. Rising interest rates are turning the ECB’s portfolio of bonds acquired since 2014 into a money-losing machine. The question of how those losses are shared could become a major source of tension between member states.”

 

Forbes (October 18)

2022/ 10/ 19 by jd in Global News

“Home builder confidence plunged for a tenth straight month in October as rising interest rates continued to weaken housing demand—prompting economists to warn an unexpected rise in new home sales last month may be short-lived and prices may be on the brink of collapse.”

 

The Guardian (March 30)

2022/ 04/ 01 by jd in Global News

“The pandemic has changed, but the idea that it is over is false.” Last week, the UK had an estimated 4.26 million cases and hospital “admissions with Covid are only 2% below the first Omicron peak two months ago and still rising.” Nor is Covid endemic. Eventually, it probably will be, but endemic “does not necessarily mean mild,” as TB, Malaria and other endemic diseases illustrate. “Trying to ignore a disease that is still so unpredictable feels a bit like turning your back on a hungry tiger in the undergrowth.”

 

Washington Post (January 12)

2022/ 01/ 13 by jd in Global News

“Given the number of daily positive tests rising to record levels,” most of us will get COVID. “On Monday, the seven-day average reached more than 760,000, meaning about 1 in every 60 Americans has tested positive in the last week alone.”

 

WARC (January Issue)

2022/ 01/ 03 by jd in Global News

“E-commerce is expected to account for one-third (33%) of sales among chain retailers worldwide this year, rising from 23% in the pre-pandemic year of 2019.” The growth is forecast to continue, “with e-commerce to take an almost two-fifths (39%) share of sales in 2026. This comes amid strong online growth and stable or declining physical store sales worldwide.”

 

The Guardian (November 26)

2021/ 11/ 27 by jd in Global News

“The world’s major central banks are scratching their heads over how to deal with the rising cost of living. Raising interest rates now could deal a blow to the post-pandemic recovery. Wait too long, and inflation may spiral out of control.”

 

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