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Updates
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The global population is set to shrink this century as birth rates fall dramatically. While the fall in population could help mitigate climate change, a shrinking working-age demographic and a higher proportion of older people will add pressure on public finances. https://on.ft.com/4cxQyNo
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Financial Times reposted this
Rachel Reeves has been blessed with better than expected growth figures in her first week as UK chancellor but now has to deal with what she says are 'the worst set of circumstances since the second world war'. Here's Disrupted Times
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Just in: The Wall Street lender has reported a 25% rise in quarterly net income to $18.1bn, roughly in line with what analysts had expected. https://on.ft.com/3zBWuXh
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The UK is set to see a 17% drop in millionaires by 2028, according to a recent analysis by Swiss bank UBS. The Netherlands is also projected to lose 4% of its millionaires. https://on.ft.com/4cCQ1dd
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Breaking news: Unilever is planning to cut a third of all office roles in Europe by the end of next year.
Unilever to slash a third of office jobs in Europe
ft.com
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Good morning New York. While you were sleeping, this was our most read piece https://on.ft.com/3y5zcZ8
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Rachel Reeves walked into the UK Treasury as the first woman to take hold of the country’s purse strings. But by the new chancellor's own estimation, the scale of the task confronting her is also historic. https://on.ft.com/3zEDFCD
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Beijing has increasingly relied on exports and manufacturing to drive growth, as China’s economy grapples with weak domestic demand and a prolonged property sector slowdown. https://on.ft.com/3S5bSBT
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Joe Biden vowed to stay in the US presidential race and defended his fitness for office in a high-stakes press conference at the Nato summit. But critics seized on his stumbled answers, including remarks before the start of the news conference where he mistakenly introduced Ukrainian President Volodymyr Zelenskyy as ‘President Putin’. https://on.ft.com/3W2s0oB