China’s industrial profits fell by 10% in October compared to a year ago, marking the third consecutive month of decline. This drop follows a 27.1% decrease in September, the sharpest decline since March 2020. Industrial profits are a crucial indicator of the financial well-being of factories, mines, and utilities in China, with profits down by 4.3% in the first ten months of the year compared to the same period last year, according to the National Bureau of Statistics.
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Insurance Data on Increasing Wildfire Severity
Scientists analyzed 44 years of data to demonstrate the increasing frequency and severity of destructive wildfires globally, attributing this trend to climate change. These wildfires not only pose significant risks to human life but also result in substantial economic losses. Want More Context? 🔎
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