China's first foreign investment deficit and new climate fund for at-risk communities
No significant news yesterday.
Today ChatGPT read 1233 top news stories. After removing previously covered events, there are 2 articles with a significance score over 7.
[7.7] China records first-ever quarterly deficit in foreign direct investment. — Reuters
China has recorded its first-ever quarterly deficit in foreign direct investment, with direct investment liabilities reaching a deficit of $11.8 billion during the July-September period. This is the first quarterly shortfall since China began compiling the data in 1998 and is believed to be linked to Western countries' "de-risking" moves from China amid growing geopolitical tensions.
[7.0] Countries establish "loss and damage" fund for climate-affected communities. — The Guardian
Countries have agreed on key measures to establish a "loss and damage" fund to provide financial assistance to vulnerable communities affected by climate breakdown. The fund will be administered by the World Bank and will draw on funding sources including large developing countries, the US, the EU, and the UK. No specific target has been set for the amount of money the fund will disburse, but it is hoped that it will reach hundreds of billions of dollars within a few years.
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