In remarks to the World Bank’s “Financing Climate Action” event on April 21, Baron Nicholas Stern, one of the world’s most influential climate economists, spoke about what he sees as necessary global actions on climate change, including on the sale of conventional internal combustion engine (ICE) vehicles. “The right kind of policies have to be…
At World Bank Climate Talk, Speaker Floats End of Conventional Vehicle Sales
April 21, 2022
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Business & Economyclimate changecoaleconomic policieseconomyEnvironmentEuropeInternationalLondon School of EconomicsPolicies & ImpactsScienceThe Epoch Times Featured ArticlesUKUSWorldWorld Bank
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Apple Retail Employees in Atlanta Attempt to Organize First Union in the US
April 21, 2022
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Apple IncBusiness & EconomyCompanieslabor unionsLocal NewsRegional-Local NewsSocial IssuesunionizationUS
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Apple store employees at the Cumberland Mall in Atlanta filed a petition with the National Labor Relations Board (NLRB) on April 20 to hold a union election amid a wave of unionization attempts at retail stores across the country. If the vote is successful, the workers would be the first Apple retail store to unionize…
Risk Non-Parity
Commentary “Risk management is the bedrock of our firm” is often a line you hear when managers or advisers talk about their strategy and approach to the markets. What you rarely hear is an in depth explanation of what that supposed bedrock is actually made up of. What is the actual process a manager goes…
Number of Americans Collecting Jobless Aid Lowest in 50 Years: Labor Department
Applications for jobless claims edged down in the week ending April 9 to their lowest level since 1970, according to the U.S. Department of Labor. “The advance number for seasonally adjusted insured unemployment during the week ending April 9 was 1,417,000, a decrease of 58,000 from the previous week’s unrevised level of 1,475,000. This is…
Netflix Shares Loses $50 Billion After First Subscriber Loss in Over 10 Years
April 21, 2022
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Business & EconomyCompaniesDisney PlusEntertainmentFilm & TVMedia & Big TechNetflixsubscribersUSUS News
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Shares of video streaming platform Netflix plunged on April 20 after it announced it lost subscribers for the first time in over a decade, attracting downgrades from multiple investment firms. Netflix announced on Tuesday that it had lost 200,000 members internationally in the first quarter of the year, the first time there has been a…
Fed’s Powell Aims for ‘Soft Landing,’ Confirms 50-Basis-Point Hike on the Table in May
Federal Reserve Chair Jerome Powell says it is “absolutely essential” to trim inflation while also accomplishing a “soft landing.” Powell participated in an event as part of the International Monetary Fund’s (IMF) Debate on the Global Economy, which also featured IMF managing director Kristalina Georgieva and European Central Bank (ECB) president Christine Lagarde. Speaking during…
Germany Averse to Immediately Cutting Off Russian Energy Imports, Finance Minister Urges Patience
April 21, 2022
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Business & EconomyEuropeeuropean sanctions on russiaGermany's economyMarketsRussia gasRussian Oil TradeWorld
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Though Germany is moving “as fast as possible” to end its dependence on Russian energy supplies, such a move cannot be implemented soon, according to Christian Lindner, the country’s finance minister. “We have to be patient,” Lindner said in an interview with the BBC. “We are willing to stop all energy imports from Russia, it’s just…
Major US Airlines to Allow Passengers Barred Over Mask Violations to Fly Again
Several major U.S. airlines announced plans this week to restore flight privileges to thousands of customers previously barred from flying commercial planes for breaking mask rules earlier in the COVID-19 pandemic. The flurry of activity comes just days after federal judge Kathryn Kimball Mizelle struck down the Centers for Disease Control and Prevention’s (CDC) rule…
Inflation Making It Harder for Many Floridians to Afford Basic Necessities
April 21, 2022
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Business & Economyeconomyessential billsFloridainflationLocal NewsMarketsRegional-Local NewsUSUS News
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High inflation is impacting the ability of Floridians to afford basic necessities, with a new survey from the University of South Florida (USF) showing that nearly half of Florida residents reported that surging prices have hurt their ability to pay essential bills. The survey, based on a representative sample of 600 Floridians, sought to gauge…
Psaki Responds to Ethics Complaint Following Fox News Comments
White House press secretary Jen Psaki responded to an ethics complaint regarding comments she made about Fox News amid reports saying she will join MSNBC after she leaves the Biden administration. When speaking to Chris Wallace on the soon-to-be-ending CNN+ streaming channel, Psaki was asked about the ethics complaint and media reports claiming she will…
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