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Remote work is here to stay, US is slow on new Covid shots

UAE launches $30B climate fund; foreign capital exits China; fake accounts target US; tech firms fight UK fraud; markets optimistic amid challenges

Today ChatGPT read 1201 top news stories. After removing previously covered events, there are 7 articles with a significance score over 7.

[7.3] $30 billion climate fund announced by UAE President — Reuters

Sheikh Mohammed Bin Zayed, President of the United Arab Emirates, announced the creation of a $30 billion climate fund at the United Nations Climate Change Conference in Dubai. The fund aims to address the climate finance gap and stimulate $250 billion of investment by 2030.

[7.3] Long-term foreign capital exiting China due to economic concerns — Reuters

Long-term foreign capital is exiting China, with 22 major funds managing $4.3 trillion showing no positive outlook for China's economy. China recorded its first-ever quarterly deficit in foreign direct investment, with outflows exceeding $100 billion in the first three quarters of 2023. China's regulatory crackdowns and cross-border investment curbs are affecting new equity listings and mergers. Despite some recent upgrades of China's growth forecasts, manufacturing activity shrank in November.

[7.1] China-linked fake accounts aim to sow discord — The Associated Press

Meta identified nearly 4,800 fake social media accounts from China, aiming to sow discord in the U.S. ahead of the 2024 elections. The accounts shared content from various political sources to exaggerate partisan divisions. Meta couldn't definitively link the network to the Chinese government but determined its origin in China.

[7.1] Low uptake of new Covid shots in US — CNBC

As of Nov. 18, 2023, only 15.7% of U.S. adults have received the newest Covid shots from Pfizer, Moderna, and Novavax. Reasons for low uptake include decreased urgency due to lower infection rates, concerns about side effects, and political polarization. Vaccine makers anticipate similar uptake in 2024.

[7.1] Tech companies and UK government unite against online fraud — Reuters

Eleven major tech companies, including Amazon, Google, and Microsoft, will sign an agreement with the British government to combat online fraud. The "Online Fraud Charter" aims to block and remove fraudulent content from their platforms. British Prime Minister Rishi Sunak highlighted the importance of this initiative, as fraud is now the most common crime in the UK. The measures include quick reporting routes and increased verification on online platforms.

[7.0] Remote work is a permanent fixture in the US — CNBC

Remote work in the US has become a permanent fixture, with 28% of paid workdays being from home in 2023, compared to 7% pre-pandemic. Office occupancy has flatlined at around 50%. Workers value remote work for its flexibility and time-saving benefits, equating it to an 8% pay raise. Companies benefit from reduced costs and better retention. Remote work is now part of a diverse "hybrid" arrangement, with 47% of employees working from home. The trend is expected to continue beyond 2025, with a potential decline only in the event of a severe recession.

[7.0] Global markets optimistic despite economic concerns — Reuters

Global markets are optimistic about a soft landing for the world economy despite concerns. The U.S. economy grew 5.2% in Q3, but unemployment is rising. Inflation slowing quicker than expected has led to bets on central bank rate cuts. Corporate defaults have nearly doubled in 2023. Oil prices have dropped around 14% in the past two months.

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