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After Davos, a race for money to stop climate change
After Davos, a race for money to stop climate change
by  AFP

US climate envoy John Kerry bluntly summed up in one word what the planet needs to avoid a global warming catastrophe at the World Economic Forum this week: money. But the week-long forum exposed fault lines over how to meet those targets at a time when the world faces a costly war in Ukraine, an economic downturn, soaring inflation and a cost-of-living crisis.

Yellen contrasts US-Africa relations with China, Russia on Senegal visit
Yellen contrasts US-Africa relations with China, Russia on Senegal visit
by  AFP

US Treasury Secretary Janet Yellen on Friday touted the fruits of a new "mutually beneficial" economic strategy towards Africa, contrasting the damage caused by Russia's invasion of Ukraine and China's practices. - Russia - Yellen cited the Covid-19 pandemic and Russia's invasion of Ukraine as major economic headwinds for Africa.

US home sales slump for 11th month, slammed by mortgage rates
US home sales slump for 11th month, slammed by mortgage rates
by  AFP

Sales of existing homes in the United States have fallen for the 11th straight month, as a rough period of limited inventory and high mortgage rates persists, according to industry data released Friday. "December was another difficult month for buyers, who continue to face limited inventory and high mortgage rates," said NAR chief economist Lawrence Yun in a statement.

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