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SYDNEY: Australian firefighters used a break from searing temperatures to strengthen containment lines around huge wildfires burning in the country’s southeast, as the financial and environmental costs of the crisis mounted.
One of the biggest repercussions from the Covid-19 outbreak in Australia ought to be the end of its island mentality.
SYDNEY: Australia’s headline inflation accelerated in the first three months of the year to climb back within the central bank’s 2%-3% target, reflecting how wildfire damage and the coronavirus shutdown impacted food prices before the pandemic sent the economy into a tailspin.
LONDON: Investors are pushing major European companies to make sure the "missing" costs of climate change are properly reflected in their financial statements, a move that could wipe billions of dollars off the value of sectors from energy to aviation.