
A possible rise in sea levels by 0.5 meters by 2050 could put at risk more than $28 trillion worth of assets in the world's largest coastal cities, according to a report compiled for the insurance industry.
Despite some signs that the economy is on the mend, a lack of confidence from consumers and companies alike may hamper job growth during the next few months, economists say.
Australian power generators have threatened legal action if the government does not dramatically increase the level of compensation in its proposed carbon emissions trading scheme.
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