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January 2025 the warmest on record: Copernicus

January 2025 was the warmest on record globally, with the average surface temperature 0.79 degrees Celsius above the 1991-2000 January average, the EU-funded Copernicus Climate Change Service (C3S) reported on Thursday.

New Age Malady

There was a time prior to the 21st century when Great Britain, now mostly known as the UK, was really great. The same was true about the US and most of Western Europe but the current century has unveiled a different reality; Western countries are still far richer, but Asia, particularly India and China, are indisputably future world leaders.

Europe’s floods

The devastating floods that have ravaged central Europe are a harsh reminder of the unpredictable and destructive forces of nature.

Lower Fed rates could reduce deflation risks

August for central bankers is Jackson Hole month, when the Kansas Federal Reserve Bank has invited leading central bankers, finance ministers, academic professionals and financial market participants since 1974 to discuss current international trends and central bank policy issues in Jackson Hole, Wyoming.

Hong Kong to expand market outreach

Hong Kong's overall economic situation is stable, with a 3.3 per cent year-on-year growth in GDP in the second quarter, Chan noted in his blog