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Immediate climate threat on agenda at elite gathering

The world's elite have made the annual trek to a glittering ski resort to mull war and peace, climate change and the future of work amid the rise of artificial intelligence. While critics dismiss the annual World Economic Forum in Davos, Switzerland, as a "gabfest", others use it for deal-making and striking partnerships. Aussie startup MCi Carbon says there's a "buzz of potential" for innovators at this year's meeting as industries need climate tech for new and sustainable ways of doing business - immediately. But priorities around tripling renewable energy and decarbonising heavy industry and whole economies are competing with…

Immediate climate threat on agenda at elite gathering

The world's elite have made the annual trek to a glittering ski resort to mull war and peace, climate change and the future of work amid the rise of artificial intelligence. While critics dismiss the annual World Economic Forum in Davos, Switzerland, as a "gabfest", others use it for deal-making and striking partnerships. Aussie startup MCi Carbon says there's a "buzz of potential" for innovators at this year's meeting as industries need climate tech for new and sustainable ways of doing business - immediately. But priorities around tripling renewable energy and decarbonising heavy industry and whole economies are competing with…

China's economy grew 5.2% in 2023, reaching the target of 'about 5%' even as…

China's economy grew 5.2% in 2023, reaching the target of 'about 5%' even as nation's economic recovery remains uneven.

Aust shares dip as expectations for quick rate cuts dim

The local share market is down slightly, following more pushback from central bankers on the pace of global interest rate cuts this year. At lunchtime AEDT on Wednesday, the benchmark S&P/ASX200 index had fallen 13.8 points, or 0.19 per cent, to 7,401.0, while the All Ordinaries had dropped 13.7 points, or 0.18 per cent, to 7,633.4. Overnight Federal Reserve governor Christopher Waller said during a speech in Washington that the powerful US central bank should move "methodically and carefully" in cutting interest rates this year. "With economic activity and labour markets in good shape and inflation coming down gradually to two per…

China's economy expanded 5.2% last year, hitting target of 'about 5%' even…

Photo: The Canadian Press In this photo released by Xinhua News Agency, an aerial drone photo taken on Jan. 16, 2024 shows vehicles at a terminal of Dalian Port, northeast China's Liaoning Province. China's economy for the Oct-Dec quarter grew at a quicker rate, allowing the Chinese government to hit its annual growth target of about 5% for 2023 even as trade and economic recovery remained uneven. (Chen Wei/Xinhua via AP) China’s economy for the October-December quarter grew at a quicker rate, allowing the Chinese government to hit its target of about 5% annual growth for 2023 even though trade data and the economic recovery remain…