G-20 Climate Talks Threatened by Clash Over Coal

G-20 Climate Talks Threatened by Clash Over Coal

This post was originally published on this siteLeaders from the Group of 20 major economies are split over phasing out coal and limiting global warming to 1.5 degrees Celsius, officials said, throwing into doubt whether ambitious climate change targets can be hit.

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US Economy Slows Sharply in Third Quarter Amid Supply Chain Crisis

US Economy Slows Sharply in Third Quarter Amid Supply Chain Crisis

This post was originally published on this site By Lucia Mutikani WASHINGTON — The U.S. economy grew at its slowest pace in more than a year in the third quarter as COVID-19 infections flared up, further straining global supply chains and causing shortages of goods like automobiles that almost stifled consumer spending. Gross domestic product increased at...

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Fed Leadership Uncertainty Muddies Rate-Policy Outlook

Fed Leadership Uncertainty Muddies Rate-Policy Outlook

This post was originally published on this siteHigher inflation has raised questions in markets over a possible pivot, putting a bigger spotlight on President Biden’s choices.

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Jobless Claims Likely Held Near Low Levels

Jobless Claims Likely Held Near Low Levels

This post was originally published on this siteEconomists expect a Labor Department report to show that filings for unemployment benefits remained near a pandemic low last week as employers contend with a tightening labor market.

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Economic Growth Likely Slowed During Third Quarter

Economic Growth Likely Slowed During Third Quarter

This post was originally published on this siteFactors that fueled spending faded, including an infusion of government stimulus, widespread business reopenings and rising vaccination rates.

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Global Chip Crisis Hits Auto Makers Hard

Global Chip Crisis Hits Auto Makers Hard

This post was originally published on this siteContinuing disruptions from the Covid-19 pandemic and a worsening global semiconductor shortage hammered the automotive industry in the third quarter as the world’s largest car makers reported steep falls in earnings and production and dealers struggled to source models.

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Republican leaders blame stimulus for rising US inflation

Republican leaders blame stimulus for rising US inflation

This post was originally published on this site Republican Senate leaders on Tuesday railed against rising US inflation rates, blaming the price increases on the flood of money from a pandemic stimulus package pushed by Democratic President Joe Biden earlier this year. Senate Minority Leader Mitch McConnell used the recent...

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U.S. Bans China Telecom Over National Security Concerns

U.S. Bans China Telecom Over National Security Concerns

This post was originally published on this siteThe FCC’s decision to revoke China Telecom’s license to do business in the U.S. is the latest in a series of blows against major Chinese businesses in the country.

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UN says climate plans fall short of Paris Agreement goals

UN says climate plans fall short of Paris Agreement goals

This post was originally published on this siteThe United Nations is saying that countries’ climate plans are expected to fall short of the goals of the Paris Agreement — which sought to limit the Earth’s warming.Under that agreement, countries said they would try to prevent more than 2 degrees…

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Home-Price Growth Holds at Record in August

Home-Price Growth Holds at Record in August

This post was originally published on this siteThe Case-Shiller index rose 19.8% as demand remains robust despite skyrocketing prices pushing some buyers out of the market.

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