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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.
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.
One of the biggest repercussions from the Covid-19 outbreak in Australia ought to be the end of its island mentality.
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.