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Europe's materials industry is the worst performer this earnings season, with 65% missing earnings estimates. Weak demand in China, US tariff threats, higher raw material, and labor costs are key challenges. Basic resources, chemicals, and other sectors face significant downgrades, affecting EU steel and copper demand, making cost-cutting and productivity crucial for improvement.
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News and Media
Brazil is prioritizing enhanced climate action as it chairs COP30, proposing additional UN governance structures for effective commitment tracking. Despite acknowledging potential slowdowns due to the US's Paris Agreement withdrawal, Brazil emphasizes global cooperation and a 10-year roadmap to mitigate adverse environmental impacts.
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News and Media
South Carolina faced more than 100 fires amid perfect conditions of dry air, arid land, and gusting winds. This event exemplifies the increasing prevalence of compound weather disasters, as recent global examples highlight the intensifying challenges and economic impacts expected with climate change.
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News and Media
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