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Fifth District manufacturing activity improved but remained sluggish in May, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index increased from -7 in April to 0 in May. Of its three component indexes, shipments increased from -10 to 13, new orders increased from -9 to -6, and employment fell from ...
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Developed countries achieved their pledge to provide $100 billion to help poorer countries cope with climate change in 2022, the OECD said on Wednesday, confirming the target was met two years late. In 2009, developed countries promised that from 2020 they would transfer $100 billion a year to poorer nations buckling under the costs of worsening climate ...