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There was a risk, he said, that US-China relations could "return to a downward spiral." As such, the US-China relationship appears to have entered a dangerous period, and time may be running out to save it. The US has handed Ukraine billions in aid and military support to resist the invasion, with a new $61 billion bill passing this week. AdvertisementBlinken said he raised concerns about China's support for Russia in its invasion of Ukraine. Blinken will have to overcome several hurdles for US-China relations to improve.
Persons: , Antony Blinken's, Xi Jinping, Wang Yi, Xi, Joe Biden, Ali Wyne, Wang, Blinken, Ian Bremmer Organizations: Service, Business, US, West, International Crisis, Russia, Eurasia Group, Bloomberg Locations: China, Ukraine, loggerheads, Taiwan, Washington, Beijing, US, Western Europe, Russia
High inflation will stay for longer as commodity prices rallied again after falling for two years, World Bank Group says. The bank expects global inflation to jump by a solid percentage point by 2024 due to the flip-flop oil prices driven by geopolitical risks. But this sluggish decline will buoy commodity prices around 38% higher than pre-COVID averages, offering little relief for inflation-weary economies. The World Bank warned that a significant disruption could propel oil prices beyond $100 per barrel, hiking global inflation by almost a full percentage point in 2024. That fear of lower growth and high inflation was on display in the US on Thursday, as first-quarter GDP came in much lower than expected even as consumer prices remained high in the quarter.
Persons: , wanes, Indermit Gill, Ayhan Kose Organizations: World Bank, Service, World Bank Group, Bank Locations: Israel, Iran, Ukraine, Russia
The presence of the US Army’s Mid-Range Capability (MRC) ground-based missile system, increases the risks of “misjudgment and miscalculation” in a region already on edge over Chinese-Philippines face-offs in the South China Sea, Beijing says. It’s the first-ever deployment of the MRC missile system, also known as the Typhon system, to the Indo-Pacific theater, and it comes amid a series of US-Philippine military exercises, including the largest-ever edition of the bilateral Balikatan exercises beginning Monday. It also can fire the Tomahawk Land Attack Missile, a maneuverable cruise missile with a range of 1,600 kilometers (1,000 miles), according to the CSIS. Those are the same rules Washington and Manila accuse Beijing of ignoring with aggressive Chinese actions that have injured Filipino sailors and damaged vessels around disputed features in the South China Sea. US Army PacificChina’s missile advantageAnalysts say the deployment of the Typhon missile battery is the first signal of US plans to address what has long been an advantage for Beijing in the region.
Persons: Lin Jian, ” Lin, Stephen Koehler, , equalizes, , Collin Koh, Christopher Milhal, Koh, Rupert Schulenberg, Donald Trump “, Thomas, CNN’s Steven Jiang Organizations: South Korea CNN, US, MRC, US Army, Missile Defense, Center for Strategic, International Studies, Foreign, US Pacific Fleet, Sunday, Xinhua, CNN, US Air Force, US Army Pacific, Beijing, Rajaratnam, of International Studies, People’s Liberation Army Rocket Force, , don’t, International Institute for Strategic Studies, South, Lewis, McChord, Nuclear Forces Treaty, Russian, Philippine News Agency, CNN Philippine Locations: Seoul, South Korea, China, United States, Philippines, South China Sea, Beijing, Philippine, South China, Taiwan Strait, Qingdao, Washington, Manila, Asia, Pacific, Japan, Taiwan, Guam, Singapore, South, Soviet Union, Palawan, Sulu, Spratly
Israel's strike on Iran caused oil prices to spike, sparking fears of rising inflation. But US inflation is more impacted by strong domestic demand than by oil prices, an economist told Bloomberg TV. Oil prices gained as much as 4% following reports of the attack before later subsiding. Services is demand, and that demand needs to come from somewhere — and that's a robust economy," Chaar told Bloomberg. "I would say the biggest challenge here for the Fed is to manage the demand of the US economy," Chaar said.
Persons: , Samy Chaar, Lombard Odier, Jerome Powell, Chaar Organizations: Bloomberg, Service, Fed, Bloomberg TV, Federal, Services, Institute for Supply Management Locations: Iran, Israel, , Swiss, America
Donald Trump's meme stock has plunged by 70% from its peak last month. Trump Media & Technology Group, which owns Truth Social, soared after it went public. AdvertisementDonald Trump's meme stock skyrocketed in March but has now crash-landed. Advertisement"Given Donald Trump's substantial fanbase, particularly during election cycles, he could wield significant influence over specific stocks, such as Truth Social stock," he said. The sharp rise in Truth Social price will definitely be a short-run phenomenon because it is not fully backed by fundamentals."
Persons: Donald Trump's, , Donald, Trump, Michele Costola, Costola, Imran Yousaf, Warren Buffett, Yousaf, it's, TMTG, they'll, Devin Nunes Organizations: Trump Media & Technology Group, Service, Bloomberg, Foscari University of Venice, Kean University, GameStop Locations: Tuesday's
Interest rates are currently nestled at a 23-year high after the Fed launched an aggressive rate-hiking campaign two years ago. Inflation is down considerably from a four-decade peak reached in the summer of 2022, but recent inflation reports have shown persistent price pressures in services and housing. First rate cut in the summer? Wall Street already wasn’t betting on a rate cut in May, but some analysts are estimating the first cut could come some time in the summer. Analysts at Goldman Sachs, JPMorgan and Nomura are estimating a first rate cut in July.
Persons: Jerome Powell, , Powell, , ” Quincy Krosby, don’t, hasn’t, Goldman Sachs, Philip Jefferson Organizations: Washington CNN, Federal, Wilson, Fed, Congress, LPL, Atlanta Fed, Goldman, JPMorgan, Nomura, Bank of America, Barclays, Deutsche Bank, Locations: Wells Fargo, rebalance
When former President Donald J. Trump goes on trial on Monday in Manhattan, President Biden and his allies are not likely to say much. The media coverage will be constant, especially if Mr. Trump takes the stand, which he has floated as a possibility. Mr. Biden and his campaign have said nothing publicly about the criminal indictments against Mr. Trump, worried about improperly influencing the cases or stoking Mr. Trump’s repeated allegations — made without evidence — that Mr. Biden has engineered the charges. Many of the deep-pocketed outside Democratic groups supporting the Biden campaign are charting a similar path. When Mr. Trump goes on trial on Monday, he will be the first U.S. president to face criminal prosecution.
Persons: Donald J, Trump, Biden, Trump’s, , Alvin Bragg, , , Steve Schale, ” Mr, Stormy Daniels, Brandon Weathersby, He’ll, Biden won’t, they’re, Donald Trump, Suzan DelBene, ” Lisa Lerer, Ruth Igielnik, Michael Gold Organizations: White, Mr, Democratic, Biden, PAC, New York Times, Siena College, Philadelphia, Republican Party, House Democrats Locations: Manhattan, Michigan , Pennsylvania, Wisconsin, Pennsylvania, Scranton, Pa, Pittsburgh, Washington
As former President Donald J. Trump goes on trial on Monday in Manhattan, President Biden and his allies are not likely to say much. For Democrats, a former president facing criminal charges over covering up a sex scandal surrounding the 2016 campaign speaks for itself. The media coverage will be constant, especially if Mr. Trump takes the stand, which he has floated as a possibility. The approach could be bolstered by the fact that Mr. Trump will be appearing in a court case involving salacious details and questionable financial maneuverings while Mr. Biden is addressing a conflict in the Middle East. Mr. Biden and his campaign have said nothing publicly about the criminal indictments against Mr. Trump, worried about improperly influencing the cases or stoking Mr. Trump’s repeated allegations — made without evidence — that Mr. Biden has engineered the charges.
Persons: Donald J, Trump, Biden, Trump’s, Organizations: White, Mr Locations: Manhattan
CNN —“Monkey Man,” Dev Patel’s directorial debut action thriller that he also stars in, wrote and produced, opens with a tale familiar to Hindus around the world. This mythology is the foundation of “Monkey Man,” which hit theaters on April 5. In "Monkey Man," Kid plots revenge on the corrupt forces that raided his forest village and killed his mother. Dev Patel directed, wrote, produced and starred in the action thriller "Monkey Man," which is inspired by the Hindu legend of Hanuman. “Monkey Man,” then, is a warning about what can happen when people are oppressed and disempowered for too long.
Persons: ” Dev Patel’s, Hanuman, Patel himself, , Patel, ” Patel, Kid, ’ ”, Rana Singh, Sikandar Kher, Baba Shakti, Makarand Deshpande, Rana, Sita, Sobhita, Rama, Ravana, Lord Rama, Sailaja Krishnamurti, ‘ What’s, ” Krishnamurti, , Thrisha Mohan, Narendra Modi, Lord Ram, Imtiyaz Khan, ” Mohan, Baba Shakti —, , Krishnamurti, Mohan, Modi, it’s, wasn’t, Siddhant Adlakha, ” Adlakha, It’s, Amitabh Bachhan, Bruce Lee, Jackie Chan, Keanu Reeves, Hollywood’s, Hollywood’s “ John Wick ”, India’s underclasses, “ He’s, Dev Patel, Monica Schipper, hijras, Kid bungles, he’s, Baba, Shiva, Parvati, Bedatri D, Choudhury Organizations: CNN, SXSW, Universal Pictures, Queen’s University, Human Rights, Indian, Anadolu, Getty, Modi’s Bharatiya Janata Party, BJP, TIME, Alpha, Philadelphia Inquirer Locations: Yatana, India, Ayodhya, Hong Kong, Hollywood’s “, Kid’s
“I’ve done a lot of cases that are considered no-win,” Bragg told CNN at the time, in December 2021. Though Bragg’s ambitions are widely considered to be less lofty than some of his predecessors, the Trump trial will likely write both his political future and legacy. Two months into office, Bragg was confronted by two senior attorneys leading the Trump investigation. When Bragg refused to authorize them to seek an indictment they abruptly and noisily resigned, putting additional pressure on the new district attorney. Trump eventually paid $2 million of his own money to a group of charities, and the foundation was dissolved.
Persons: Alvin Bragg, Donald Trump, , ” Bragg, you’re, , , Bragg, indicting Trump, Trump, , craven, Jim Jordan, Cy Vance Jr, Robert Morgenthau, Morgenthau, Vance, Charles Seymour Whitman, Thomas Dewey, Dewey, Eric Garner, Garner, Trump’s, Michael Cohen –, Stormy Daniels, Cohen, blitzed Bragg, Alina Habba, that’s, ” Trump, “ Alvin, I’m, Eric Adams, Adams, Donald J, Barbara Underwood, Judge Juan Merchan, Daniels Organizations: CNN, Ohio, White, Harvard, of, New, New York Law, Racial, Trump, Republican, Prosecutors, New York, , New York City, NYPD, Trump Organization, Democratic, Trump Foundation Locations: Harlem, American, New York City, Black, New York, Southern, of New York, America
A key former Facebook exec has reignited discussion of Oculus founder Palmer Luckey's 2016 firing. Former Oculus CTO and ex-Meta VR exec John Carmack said on X that he regrets not defending Luckey. Carmack and Luckey joined Facebook after it acquired Oculus, the VR company founded by Luckey in 2012, for $2 billion in 2014. "The culture has changed a lot since you left (internal discussions have to be work focused)," Bosworth replied on X. Business Insider reached out to representatives of Bosworth, Carmack, and Luckey but didn't receive an immediate response.
Persons: Palmer, John Carmack, Andrew Bosworth, Luckey, , Palmer Luckey —, Carmack, Hillary Clinton, @PalmerLuckey, OTXBBnkK0p — John Carmack, Donald Trump, Clinton, he's, Carmack —, Bosworth, Meta, Forbes, wasn't, I'm Organizations: Facebook, Meta, Service, VR, Wall Street, Business Locations: California
President Joe Biden told reporters on Friday that he expected Iran to attack Israel "sooner, rather than later." Advertisement"The fact that the Biden administration is both arming Israel and sending aid to Gaza shows the world that the Biden team has no strategic competence," McFate said. But the president's support for Israel runs counter to the reasons he said the US should support Ukraine. "I've just spoken with Prime Minister Netanyahu to reaffirm America's ironclad commitment to the security of Israel," Biden said. However, in the same call, Biden told the prime minister that the US will oppose a counterattack against Iran, a senior White House official told CNN.
Persons: , Joe Biden, Sean McFate, McFate, Biden, Israel, They've, Benjamin Netanyahu, Netanyahu Organizations: Service, Associated Press, Business, Israel, Syracuse University's Maxwell School of Citizenship, Public Affairs, Washington Post, Biden, Ukraine, Israeli, White House, CNN Locations: Israel, Gaza, Iran, Syria, Damascus, Hamas, Saudi Arabia, Russia, Ukraine
Speaker Mike Johnson plans on Friday to join former President Donald J. Trump at his Mar-a-Lago estate in Florida to make what he called a “major announcement on election integrity.”It was not immediately clear what the pair were planning to discuss at their joint appearance, though Mr. Trump has continued to insist falsely that he was the true winner of the 2020 election and groundlessly accuse Democrats of attempting to interfere in the 2024 contest. Their first public event together since Mr. Johnson was elected to the top job in the House last fall comes at an awkward moment in their relationship. The embattled speaker is facing a threat for his ouster from one of Mr. Trump’s top loyalists in Congress, Representative Marjorie Taylor Greene, a far-right Georgia Republican. And even as Mr. Johnson has worked to show enthusiastic support for Mr. Trump, the former president and presumptive Republican nominee is stoking G.O.P. divisions and undermining the speaker’s legislative agenda in Congress.
Persons: Mike Johnson, Donald J, Trump, groundlessly, Johnson, Trump’s, Marjorie Taylor Greene, stoking Organizations: Georgia Republican, Mr, Republican Locations: Lago, Florida
Eric Baradat | AFP | Getty ImagesA hotter-than-expected consumer price index reading rattled markets Wednesday, but markets are buzzing about an even more specific prices gauge contained within the data — the so-called supercore inflation reading. Along with the overall inflation measure, economists also look at the core CPI, which excludes volatile food and energy prices, to find the true trend. The supercore gauge, which also excludes shelter and rent costs from its services reading, takes it even a step further. Today, he added, the picture is more complicated because some of the most stubborn components of services inflation are household necessities like car and housing insurance as well as property taxes. Sticky inflation problem
Persons: Jerome Powell, Eric Baradat, Tom Fitzpatrick, Fitzpatrick, Dow Jones, Stephen Stanley, Ian Lyngen, we're Organizations: AFP, Getty, O'Brien & Associates, Dow, Santander U.S, Wall, CPI, BMO Capital Markets, Fed Locations: Washington ,
China said it is "gravely concerned" over reports that Japan could join the AUKUS security pact. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementChina's foreign ministry said it is "gravely concerned" over reports that Japan could join AUKUS, a security and defense pact between Australia, the UK, and the US. Japan needs to earnestly draw lessons from history and stay prudent on military and security issues," she added. Speaking at a news conference on Tuesday, Australia Prime Minister Anthony Albanese clarified that working with Japan wouldn't signal recruitment.
Persons: , wasn't, Pilar, Aukus, Biden, Fumio Kishida, Mao Ning, Anthony Albanese, " Albanese, nothing's, There's Organizations: Service, US, Japan, White, China Morning Post, US Naval, Forbes, Australia, Reuters Locations: China, Japan, Australia
“It hasn’t encumbered her job performance,” GOP Rep. Byron Donalds of Florida told CNN. I’m not afraid of a challenge though,” Boebert told CNN before the House left for a two-week break. And unfortunately, I’ve had a front row seat,” Boebert told CNN. “I did it because we don’t have to have two separate elections and cost the taxpayers two separate elections,” he told CNN. And she’s probably made more jokes about her own stupidity in that movie theater than I’ve heard elsewhere,” one GOP lawmaker told CNN.
Persons: Lauren Boebert, Donald Trump, Boebert, Trump, MAGA, carpetbagging –, Byron Donalds, we’re, I’m, ” Boebert, , Ken Buck, , Buck, Greg Lopez, “ Greg, they’re, “ You’ve, Buck Still, Mike Johnson, Boebert’s, There’s, I’ve, , ” Buck, Marjorie Taylor Greene –, She’s, Lauren Organizations: CNN, Colorado Republican, New York Young Republican, Trump, GOP, Pueblo Jobs, Democrat, Republican, Colorado Republicans, Boebert, Democratic, , Caucus, Freedom Caucus Locations: Denver, Manhattan, Colorado, Florida, Colorado’s, Boebert
The S & P 500 is up over 21% in the last five months, this parabolic move higher urges me to establish a hedge. I seek to protect profits and capitalize if the S & P 500 decides to reverse course and test the will of the bulls short-term. SPY 1Y mountain SPDR S & P 500 Trust (SPY) The S & P 500 is coming off a 10% gain for the first quarter, its best start to a year since 2019. However, stocks saw volatility return this Thursday as equities stumbled in an unusual trading session with a near 2% intraday bearish reversal in the SPDR S & P 500 ETF (SPY) . In the event the market moves higher, you have defined your risk in this spread and any long equity exposure you may have to the S & P 500 should offset this trade.
Organizations: Treasury Locations: U.S
China, Russia and Trump
  + stars: | 2024-04-02 | by ( David Leonhardt | ) www.nytimes.com   time to read: +2 min
America’s biggest adversaries evidently want Donald Trump to win the 2024 presidential election. Some of the Chinese accounts impersonate fervent Trump fans, including one on X that purported to be “a father, husband and son” who was “MAGA all the way! !” The accounts mocked Mr. Biden’s age and shared fake images of him in a prison jumpsuit, or claimed that Mr. Biden was a Satanist pedophile while promoting Mr. Trump’s “Make America Great Again” slogan. In today’s newsletter, I’ll explain what China and Russia hope to gain from a second Trump term. Trump has suggested that he will end this support.
Persons: Donald Trump, Vladimir Putin’s, Trump, Tiffany Hsu, Steven Lee Myers, Donald J, Biden, Biden …, , “ MAGA, Mr, Trump’s, Putin Organizations: Trump Locations: Beijing, China, Russia, Ukraine
Chinese social media accounts are spreading disinformation before the 2024 presidential election. The accounts mirror previous Russian tactics, sowing doubts about US leadership and democracy. Trump approved a 2019 CIA operation to negatively influence Chinese social media. AdvertisementChinese social media accounts are increasingly spreading disinformation ahead of the 2024 US presidential election in November. The New York Times reported Monday that the US government and researchers are warning about the digital threat and how it mirrors previous Russian tactics.
Persons: Trump, , Donald Trump's, Joe Biden Organizations: CIA, Service, The New York Times, Republicans, Democratic, Business
Covert Chinese accounts are masquerading online as American supporters of former President Donald J. Trump, promoting conspiracy theories, stoking domestic divisions and attacking President Biden ahead of the election in November, according to researchers and government officials. The accounts signal a potential tactical shift in how Beijing aims to influence American politics, with more of a willingness to target specific candidates and parties, including Mr. Biden. In an echo of Russia’s influence campaign before the 2016 election, China appears to be trying to harness partisan divisions to undermine the Biden administration’s policies, despite recent efforts by the two countries to lower the temperature in their relations. Some of the Chinese accounts impersonate fervent Trump fans, including one on X that purported to be “a father, husband and son” who was “MAGA all the way! !” The accounts mocked Mr. Biden’s age and shared fake images of him in a prison jumpsuit, or claimed that Mr. Biden was a Satanist pedophile while promoting Mr. Trump’s “Make America Great Again” slogan.
Persons: Donald J, Biden, Trump, , “ MAGA, Mr, Trump’s Organizations: Trump, Biden Locations: Beijing, China
Several women in New York City have made TikTok videos about being randomly punched in public. AdvertisementWomen in New York City are getting randomly punched in the face, and no one knows why. The random punching attacks have unsettled women in New York CityNew York City at dusk. AdvertisementPsychological impactThe spate of random punching attacks has unsurprisingly unsettled women in New York City. AdvertisementDespite the recent influx of alarming stories, data shows that crime rates in New York City have decreased in 2024 compared to last year.
Persons: stokes, , Halley Kate, Kate, Stora, Olivia Brand, we're, Mikayla Toninato, Selena Pikanab, Gizem, didn't, Bethenny Frankel, Toninato, Kathy Hochul, Elon Musk, Hochul, you've Organizations: NYPD, Service, Business, NBC, New York City New, BI, West 42nd, New School, Guardian, Housewives, New, New York Gov, National Guard, Democratic Locations: New York City, New York City New York City, SoHo, Kenmare, Mulberry, West, NoHo, Germany, Manhattan, New York
The motive of such campaigns, Innes said, is to “destabilize” Russia’s Western antagonists and “undermine trust” in their institutions. The pattern of behavior was one his team recognized from a group of Russian actors his team had studied before. It is a commercial firm contracted to run disinformation campaigns, Innes said. Aaron Chown/Press Association/APMeta said it disrupted the group, but its disinformation campaigns have since grown more sophisticated. The timing of the Kate conspiracies was also propitious for the Kremlin – coming just as Putin secured a fifth term in power in a stage-managed election devoid of credible opposition.
Persons: Catherine, Princess of Wales, Kate, , ” Martin Innes, ” Innes, Emmanuel Macron, Innes, Princess, Wales, , Instagram –, Doppelganger, Aaron Chown, King Charles III, Rasmus Kleis Nielsen, ” Anna George, Timothy Snyder, Vladimir Putin’s, Henry Nicholls, Prince William, ’ ”, Putin Organizations: CNN, Cardiff University, , Soviet, Meta, Facebook, Press Association, AP Meta, US Treasury, British Embassy, Reuters Institute for, Journalism, Oxford University, Oxford Internet Institute, Yale, Russian Foreign, ” Police, London Clinic, Getty, CNN’s Royal, Kremlin Locations: Wales, Ukraine, , Russia, Soviet Union, London, Moscow, Cardiff, Russian, United States, Europe, British, Kensington, Britain, AFP, Windsor
The oversupply of Chinese goods in key industries is stoking tensions between the world’s biggest manufacturer and its major trading partners, including the United States and the European Union. From clothes to carsChina’s exports of low-priced goods got a boost after it joined the World Trade Organization (WTO) in 2001. “What China exports is advanced production capacity that meets the needs of foreign customers,” Xinhua News Agency wrote. US President Joe Biden recently pledged to investigate whether imports of Chinese vehicles pose a national security threat. “But perhaps more importantly, persistent oversupply and low prices of Chinese goods will add to geopolitical tensions and keep the threat of tariffs and counter-tariffs alive,” she wrote in a recent note.
Persons: Hong Kong CNN —, ” Jens Eskelund, Xi Jinping, Huang Jingwen, ” Eskelund, Brad W, ” Markus W, Voigt, China’s BYD, Warren Buffett, Setser, Li Qiang, , , Joe Biden, Jennifer McKeown, Shawn Deng Organizations: Hong Kong CNN, European Union, European Union Chamber of Commerce, Zero, of, People, China’s National Bureau of Statistics, Council, Foreign Relations, World Trade Organization, Aream Group, Tesla, Getty, China Development Forum, Xinhua, Agency, ., EV, European Commission, WTO, Capital Economics Locations: Hong Kong, United States, China, Europe, Beijing, Xinhua, China's Shandong, . Washington, Brussels
At a memorial service this week outside the concert hall where Islamist extremists are suspected of carrying out a deadly terrorist attack, one of Russia’s most popular pro-Kremlin rappers warned “right-wing and far-right groups” that they must not “incite ethnic hatred.”At a televised meeting about the attack, Russia’s top prosecutor, Igor Krasnov, pledged that his service was paying “special attention” to preventing “interethnic and interfaith conflicts.”And when President Vladimir V. Putin made his first comments on the tragedy last weekend, he said he would not allow anyone to “sow the poisonous seeds of hatred, panic and discord in our multiethnic society.”In the wake of the assault near Moscow that killed 139 people last Friday, there has been a recurring theme in the Kremlin’s response: a fear that the tragedy could spur ethnic strife inside Russia. While Mr. Putin and his security chiefs are accusing Ukraine — without evidence — of having helped organize the killing, the fact that the four detained suspects in the attack are from the predominantly Muslim Central Asian country of Tajikistan is stoking anti-migrant rhetoric online.
Persons: , , Igor Krasnov, “ interethnic, Vladimir V, Putin Organizations: Kremlin, Ukraine, Central Locations: Moscow, Russia, Central Asian, Tajikistan
Global warming and extreme heat will drive inflation higher, a new study says. In the next decade, climate change could bump up food inflation by as much as 3.23% per year and headline inflation by as much as 1.18%. "A worst-case emission scenario would cause pressures on food inflation exceeding 4% [per year] across large parts of the world." According to a new study published in the journal Communications Earth & Environment, the effects of global warming and extreme heat are expected to create persistent increases in headline and food inflation. Related storiesThat could bump up food inflation by as much as 3.23% a year on average globally, and push headline inflation up by as much as 1.18% in the coming decade.
Organizations: Service, Environment, Potsdam Institute, Climate Impact Research, European Central Bank Locations: Africa, South America
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