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Hong Kong/London (CNN Business)Stocks in the United States and Europe steadied on Tuesday after Asian markets were rattled overnight by fears of a potential US default, trouble in China’s massive property market and rising oil prices.
The situation is becoming critical. High prices are both threatening the competitiveness of the European economy and will dramatically affect the budgets of small consumers and households, » Czech Prime Minister Andrej Babis said in a letter to other EU leaders ahead of their meeting.
The soaring costs have divided countries over how to respond, and whether Brussels should intervene.
To confront the other worldwide threat of climate change, the Assembly President will convene, in hybrid format on 26 October, an event entitled “Delivering Climate Action – for People, for Planet and for Prosperity”.
“This event will be focused on the gap between current and required technical and financial capacities to achieve the 1.5 degrees target…[and] to show how that gap can be met”.
Mr. Shahid said it would be an opportunity for Member States, civil society and others, to come together to “take stock of the ambition raising initiatives along the path to ”, taking place at the start of November in Glasgow, Scotland.
NEW YORK, Oct 5 (Reuters) – Technology stocks are bearing the brunt of a recent market selloff, putting a spotlight on how an extended downturn in the sector could weigh on broader equity indexes.
After Monday’s sharp drop, the S&P 500 technology sector (.SPLRCT) is down 6.7% since the overall S&P 500 closed at a record on Sept. 2, compared with a 5.2% decline for the broader index over that time.
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