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tag: ricchi

download.png 03 January 2023

Luxury brands in 2023

Luxury brands brace for a 2023 slowdown, reports the Financial Times: “even the remarkably resilient luxury sector is not immune to economic turbulence, and amid the war in Ukraine, rises in energy prices and interest rates, and the threat of recession in the US and Europe, the fizz appears to be coming off the champagne”. But reopening in China could offset recessions in the US and Europe, is the analysis of FT.

 

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cop.jpg 21 November 2022

COP27: 1.5° climate target is dead but climate finance agreement allows us to focus again on cutting emissions

The COP27 conference agreed that rich nations will pay poorer ones compensation for the damage caused by climate change. That was seen as a breakthrough, but many nations were left frustrated by the lack of progress on cutting carbon emissions. The summit came close to collapse after host Egypt refused to allow discussion of phasing out fossil fuels, and European Union ministers threatened to walk out. More fights await: Not least over whether China, now the biggest greenhouse gas emitter, contributes to the fund. [UN climate summit ends in discord after agreeing help for poor nations (FT)] [Climate target of 1.5C died at COP27 – but hope must not – Guardian]

 

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