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Global warming threat for Asia financial hubs
A report produced by WWF, the environmental pressure group, puts two financial hubs, Hong Kong and Singapore, in the top 10 cities threatened by climate change in Asia, the region widely believed to be most vulnerable to rising global temperatures
Summit draft removes date to end hunger
Rich countries have watered down a declaration to be made at next week’s World Food Summit, removing from the final draft both a new hunger reduction target and a commitment to boost agricultural aid to the high levels of 1980
Plea to reduce demand for dollar reserves
The world should try to mitigate flaws in the dollar-based global monetary system by reducing demand for dollar reserves and exploring alternative reserve assets, a group of economists from the International Monetary Fund said
Zoellick sounds caution over Asia rebound
World Bank president said on the margins of the Asia-Pacific Economic Co-operation summit in Singapore that the region’s central banks should be planning how to choke off asset bubbles
Travel slump ‘worse than expected’
A report from a prominent research group indicates that global travel and tourism are facing a gloomy outlook for 2010, with spending in the sector forecast to fall by 5.5% this year
IEA warns carbon price must double
The International Energy Agency says high-tech solutions to climate change need to become economically attractive and a high price for carbon would penalise those extracting and using dirtier energy sources
Norway wealth fund recovers stock losses
An equity buying spree has paid off this year as global markets have rebounded strongly, but the fund said it stopped adding equities to its portfolio after reaching the 60 per cent target in June
Tobin tax appears rank outsider
A financial transactions tax was merely one of four options laid out by UK prime minister Gordon Brown. Bankers and their representatives have declared themselves to be more open to discussing the others
Martin Wolf: Victory in the cold war was a start as well as an ending
Has capitalism failed, as communism did? No. Some transition countries are in crisis; but transition itself is not. Liberal democracies and market economies can reform and adapt. They have shown these qualities before. They must do so again, writes Martin Wolf
Glaxo study backs simultaneous flu jabs
Simultaneous vaccination against seasonal and pandemic flu provides protection against the virus without provoking significant side effects, according to a clinical study released by GlaxoSmithKline
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