PARIS: The development of oil, gas and coal energy must stop in order to avoid the worst ravages of global warming, 80 top economists said Thursday, days ahead of a climate summit in Paris. "We call for an immediate end to investments in new fossil fuel production and infrastructure, and encourage a dramatic increase in investments in renewable energy," they wrote in a declaration. The December 12 One Planet Summit organised by French President Emmanuel Macron -- with 100 countries and more than 50 heads of state…
WASHINGTON: While his advisors have played down some of President-elect Donald Trump's most extreme trade threats as negotiating tactics, economists remain worried about the potential to inflict real damage. The Republican billionaire has said that on his first day he will label China a currency manipulator, has threatened to pull out of free trade agreements like NAFTA and slap punitive tariffs of up to 45 per cent on China and Mexico. And there is no question the US president has the power to take those actions…
LONDON: Nine out of 10 of Britain's top economists working in London's City financial district, small business and academia believe the economy will be harmed if Britain leaves the European Union, a poll said on Sunday.
NEW YORK: The euro retreated against other major currencies Friday as struggling Greece refused to meet with its international creditors and rejected fresh loans, and the eurozone showed weaker inflation.