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to a two-year low, moving up marginally. , not helpingoment the crude price, neither are the increases in crude stockpiles in the u.s. that opec-plus meeting takes place thursday on production policy. bitcoin 1% lower after approaching $20,000 tuesday. there is skepticism over the rally. te.iet economy: australia s has bounced back as household 3.3%.ng surged, expanding year on year, still bound. it coincided with the world s toughest lockdown measures. president xi asian pain has repeated demands xi jinping has repeated demands for ip protections, sing the country must increase control, strengthening ip rules to protect sectors as a matter of national security. restrictinglaws on sensitive tech exports were implemented. newtreasury and fed back measures to help the economy. jerome powell and steven mnuchin want to guard against the spread of covid-19, telling the committee the risk of overdoing underes is less than doing support. survey sees the global economy back to pre-
AustraliaJapanTokyoShanghaiChinaUnited-statesHong-kongTexasIranBeijingYemenSyria they approach the lunar new year. this is your business report i m stephen beard s in the lead thanks for having us. what s the purpose of a company is it simply to create value for shareholders or is it to guarantee certain social goods like work decent wages now traditionally an american might answer that question differently than say a european but now with climate change looming and inequality persisting skepticism over traditional shareholder capitalism is coming from all corners and it s finding full voice in davos. one message coming out of 2 of those is that companies want to take more responsibility for the environment the world s biggest asset manager blackrock reiterated its plans to put climate change and sustainability at the heart of its investment strategy a statement of intent for the moment but definitely a trend is it just green washing or a serious commitment to a new form of capitalism it s not something that superficial it s not something that they re doi
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