GLOBAL ECONOMY Factories squeezed by higher prices, weak demand
Factories across Asia and Europe struggled for momentum in July as flagging global demand and China’s strict COVID-19 restrictions slowed production, surveys showed on Monday, likely adding to fears of economies sliding into recession.
Risky business: Climate change turns up the heat on insurers, policyholders
Tony and Jhan Dunn never thought they would leave California, where they grew up, built a life together and planned to retire.
Analysis: Corporate business travel ‘carbon budgets’ loom for airlines
As major companies look at drastic ways to cut carbon emissions from corporate travel, airlines are bracing for a major hit to business-class travel, a key revenue driver, industry executives and experts say.
S&P downgrades China Evergrande again to ‘CCC’
S&P Global has downgraded the ratings of heavily indebted developer China Evergrande Group (3333.HK) and its subsidiaries, citing an escalating risk of non-payment of debt, its second downgrade in less than two weeks.
