EUR/USD 1.16126
0.013%
Gold 4345.21
0.666%
Oil 97.555
-2.956%
USD/JPY 154.058
-0.231%
GBP/USD 1.35134
0.020%
GBP/JPY 208.189
-0.214%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
September 11th - According to foreign media reports, U.S. consumer price inflation is expected to accelerate in August as gasoline prices rebound after two consecutive months of decline, reinforcing financial market expectations that the Federal Reserve may raise interest rates next week. The U.S. Labor Department will release its August CPI report on Friday. This follows strong performance in several key components of Thursdays PPI report. Economists say that with oil prices returning above $100 per barrel, inflation is bound to remain high and expand further. Other economists believe that price pressures will persist due to import tariffs, especially the recent tariffs imposed on Canada, a major U.S. trading partner.US August Unadjusted CPI YoY (Previous: +3.4%, Median Expectation: +3.4%) 1. Citigroup: +3.3%; Capital Economics: +3.3%; UniCredit: 3.3%; Jefferies: +3.3%; Berenberg Bank: +3.3%; Deutsche Bank: +3.3%; 2. DBS Bank: +3.3%; Nomura Securities: +3.3%; Societe Generale: +3.3%; Lloyds Banking Group: +3.3%; Sparta Capital Securities: +3.3%; Allied Bank of Ireland: +3.4%; 3. Barclays: +3.4%; Wells Fargo: +3.4%; ABN AMRO: +3.4%; ANZ: +3.4%; Danske Bank: +3.4%; Royal Bank of Canada: +3.4%; 4. Bank of America: +3.4%; BNP Paribas: +3.4%; Allied Bank: +3.4%; Monex Group: +3.4%; DekaBank: +3.4%; Morgan Stanley: +3.4%; 5. Goldman Sachs: +3.4%; TD Securities: +3.4%; HSBC: +3.4%; Nikko Securities: +3.4%; UBS: +3.4%; CIBC: +3.4%; 6. JPMorgan Chase: +3.4%; Standard Chartered: 3.4%; Scotiabank: +3.4%; Sberbank Berlin: +3.4%; BMO: +3.4%; ING: +3.5%. US August Unadjusted Core CPI YoY (Previous: +2.5%, Median Expectation: +2.4%) 1. Citigroup: +2.3%; Jefferies: +2.3%; TD Securities: +2.3%; U.S. Bancorp: +2.3%; Allied Bank of Ireland: +2.4%; Deutsche Bank: +2.4%; 2. Barclays: +2.4%; ABN AMRO: +2.4%; Amtrak Financial: +2.4%; Monex Group: +2.4%; Danske Bank: +2.4%; Nordea: +2.4%; 3. ANZ: +2.4%; BNP Paribas: +2.4%; Bank of America: +2.4%; Lloyds Banking Group: +2.4%; SZSE: +2.4%; CIBC: +2.4%; 4. JPMorgan Chase: +2.4%; Capital Economics: +2.4%; Allied Bank: +2.4%; Goldman Sachs: +2.4%; DekaBank: +2.4%; Bank of Montreal: +2.4%; 5. Wells Fargo: +2.4%; HSBC: +2.4%; ING: +2.4%; Nomura Securities: +2.4%; Nikko Securities: +2.4%; Morgan Stanley: +2.4%; 6. Societe Generale: +2.4%; Standard Chartered: +2.4%; UBS: +2.4%; UniCredit: +2.4%; Scotiabank: +2.5%; Sparta Capital Securities: +2.5%.On September 11th, Benedict Cuquela, Chief Investment Strategist at Indosuez Wealth Management, stated in a report that the European Central Banks (ECB) focus solely on energy supply shocks was surprising. The ECB failed to consider the still fragile demand and the lack of drivers for core inflation. It also did not adequately account for the impact of tightening bond market interest rates. While the ECB is not lacking in credibility on inflation, there is a risk of over-tightening the nascent economic recovery.September 11 (Kyodo News) – Japanese Defense Minister Shinjiro Koizumi stated at a press conference that day that "no option is ruled out" in discussions and research related to revising the "Three Security Documents" regarding whether Japan should possess nuclear-powered submarines. This is not the first time Koizumi has made similar remarks. Last October, when asked about the issue, Koizumi also stated that "no option is ruled out" for the propulsion system of Japans next-generation submarines, hinting at the possibility of introducing nuclear submarines.On September 11, according to a report by Axios citing two US officials, Saudi Crown Prince and Prime Minister Mohammed bin Salman called US President Trump twice on September 10, urging him to launch an attack on the Houthi rebels in Yemen. The report stated that Trump rejected the request. US officials said the US government currently has "no intention of taking direct military action against the Houthis." According to Axios, the US is increasingly concerned about the rapidly escalating conflict in Yemen and is increasing its support for Saudi Arabia while striving to avoid direct military intervention. The report also stated that US Central Command Commander Brad Cooper arrived in Saudi Arabia on September 10 for emergency coordination consultations. Axios added that in recent weeks, US military and civilian officials have made it clear to Saudi Arabia that Trumps directive is to "focus US forces on dealing with Iran and defending the Strait of Hormuz, avoiding opening new military fronts."

Al Gore asserts that climate change action has reached a "tipping point"

Haiden Holmes

Sep 21, 2022 10:35

26.png


Al Gore, a former vice president of the United States and co-founder of Generation Investment Management, stated in an interview with Reuters that the world has reached a "positive tipping point" in the fight against climate change as rising oil and gas prices prompt governments to decarbonize more rapidly.


His examples included the $430 billion Inflation Reduction Act, which is widely regarded as the largest climate package in U.S. history, and Australia's promise earlier this month to decrease carbon emissions by 43 percent by 2030 and to net zero by 2050.


Gore anticipated policy shifts on climate change from Brazil following an impending election and from China following the resumption of talks between President Joe Biden and Chinese Vice Premier Liu He at the November G20 summit in Indonesia.


The war in Ukraine, which Russia refers to as a "special military operation," has caused oil and gas prices to spike, he said, adding that he was concerned about the efforts of some nations to increase fossil fuel production in response.


Gore stated that there is no such thing as a clean fossil fuel, just as there is no such thing as a healthy cigarette. According to the authors, "we do not want to see investments in fossil fuel infrastructure that A will not alleviate the short-term crisis and B would guarantee decades of increasing emission levels."


He stated, "There is evidence nearly everywhere in the world" of the accelerating rate of change, and added that worsening weather events were also pushing the imperative to act.


Al Gore stated that heatwaves in China, floods in Pakistan, and drought in Europe are examples of how "Mother Nature has joined the climate discussion."


In both "An Inconvenient Truth" (2006) and "An Inconvenient Sequel" (2017), Al Gore, the former vice president of the United States, argues that the struggle against climate change is a moral one.


In 2007, he shared the Nobel Peace Prize for his efforts to address climate change while serving as the chairman of Generation Investment Management, a London-based firm that invests in sustainable public and private markets and conducts research.


He said that some governments are removing fossil fuel facilities with decades of remaining life due to the declining cost of renewable electricity, while others are considering banning the sale of fossil fuel-powered automobiles.


"When the technology provides three times as many jobs per invested dollar as investments in fossil fuels, a very good tipping point will be reached," he stated.


In its most recent annual sustainability trends report, published on Wednesday, Generation anticipated that annual investments in the clean economy would surpass $1 trillion over the next few years.


According to the research, while this is less than what is required to keep global warming at 1.5 degrees Celsius over the pre-industrial average, it is increasing "at a rapid rate."

Suggestion