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Weak Asian sales hit Prada profits

2015-12-15 20:31:57| BBC News | Business | UK Edition

Italian luxury brand Prada reported a steep drop in profits on Tuesday after sales in Asia tumbled.

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Asian investors cautious ahead of Fed

2015-12-15 03:45:53| BBC News | Business | UK Edition

Investors in Asia were cautious on Tuesday as oil prices recovered slightly and the US Federal Reserve prepares for its two-day meeting, which starts later.

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South Asian workers in Gulf fear rising temperature

2015-12-11 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

BBC: Global warming has left millions of migrant workers in Gulf states increasingly worried that they might have to leave if the region becomes hotter, their leaders have said. Some 1.5 million workers migrate from South Asia to the Gulf every year, according to the International Organization for Migration. There is growing concern among mainly outdoor labourers that working conditions may become impossible in the future if the temperature continues to rise at its current rate. A recent study...

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Asian Development Bank agrees loans to China to tackle pollution

2015-12-10 16:22:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The Asian Development Bank (ADB) has agreed to loan China $430 million to support government efforts to reduce coal use and tackle the choking smog that regularly envelops the capital and other major cities, it said on Thursday. In the first of two loans, the bank will provide $130 million to Qingdao in the eastern province of Shandong for a project to use non-coal sources of energy for heating, cooling as well as power production and distribution. The second loan will provide $300 million...

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Chinese glacier retreat signals trouble for Asian water supply

2015-12-09 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: Over the years, Qin Xiang and his fellow scientists at a high and lonely research station in the Qilian Mountains of northwest China have tracked the inexorable effects of rising temperatures on one of Chinas most important water sources. The thing most sensitive to climate change is a glacier, said Dr. Qin, 42, as he slowly trod across an icy field of the Mengke Glacier, one of the countrys largest. In the 1970s, people thought glaciers were permanent. They didnt think that glaciers would...

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