Economies.
Wellcome Survey Details Heat Risks to Maternal Health; Adaptation Funding Falls Short
A global survey by Wellcome found nearly all maternity workers treated patients affected by extreme heat, as UN climate chief Simon Stiell noted a significant gap in climate adaptation finance for developing nations.
US Job Growth Misses Forecasts at 29,000, Unemployment Rises to 4.2%
September's nonfarm payrolls fell short of consensus economist estimates, with annual wage increases slowing to 3%, the lowest since 2021, easing inflation concerns.
USAID Cuts Create US$1 Billion Green Funding Gap, Report Says
A new analysis from One Earth Partners details how the 2025 termination of USAID's environmental funding has impacted projects and economies in Vietnam, Bangladesh, and other nations.
US Fisheries Agency Plans Looser Domestic Fishing Rules
The US National Oceanic and Atmospheric Administration (NOAA) Fisheries released 34 priorities on 2 September, intending to reduce restrictions on where, when and how fishers operate.
Climate adaptation: Asia-Pacific faces US$27bn annual flood losses
A new survey of 18,000 people shows deep concern over global warming's effects on jobs and living costs, with businesses expected to deliver solutions.
US, China agree 10m tonnes coal imports, pursue tariff cuts
Beijing will import 10 million metric tons of US coal annually in 2027 and 2028, with both nations pursuing tariff reductions on US$30 billion in goods.
US Mortgage Rates Exceed 7% to Two-Year High
The contract rate on a 30-year fixed mortgage reached 7.12% last week, marking the highest point since May 2024 and dampening home financing applications.
John Lee unveils Hong Kong's first five-year financial hub strategy
Hong Kong's Chief Executive John Lee presented the city's first five-year blueprint this week, aiming to fortify its financial sector as a core economic strength.
Hong Kong Luxury Spending Fuels Uneven H1 Economic Recovery
Hong Kong's economy recorded its strongest half-yearly growth in nearly five years. High-end consumption and a polarised property market drive this recovery, with residential assets outperforming commercial spaces.
Experts Advise: Integrate AI Risks into Existing Corporate Governance, Not New Policies
Businesses should integrate artificial intelligence risks into their current corporate governance and disclosure systems, rather than developing separate policies. This approach demonstrates operational maturity and addresses immediate concerns.
AIIB Warns 34% of Sovereign Borrowers Face 2050 Downgrades
The Asian Infrastructure Investment Bank projects climate inaction could cut credit ratings for over one-third of its government clients by 2050.