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HSBC in hot water after this climate change comment

Published

3 years ago

on

A senior banking executive has reportedly been suspended for accusing other bankers of exaggerating the financial risks of climate change

The HSBC staffer says “there’s always some nut job telling me about the end of the world.”

Suart Kirk is believed to be behind the comments, he is who is the “Head of Responsible Investing” at the bank’s asset management division.

His role involves making investments based on environmental and social issues.

Kirk reportedly gave a presentation titled “why investors need not worry about climate risk” at a conference last week.

The firm’s executives have distanced themselves from the comments.

They say they do not agree with their colleague.

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Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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December rate cut all but locked in

Australia’s economy struggles; rate cut impending but signals deeper issues, not recovery. #RBA #InterestRates #FinanceNews

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4 hours ago

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October 29, 2025

By

Australia’s economy struggles; rate cut impending but signals deeper issues, not recovery. #RBA #InterestRates #FinanceNews


Australia’s economy is losing steam, with weak consumer confidence, falling job ads, and a struggling construction sector, a December rate cut now seems inevitable. But it won’t be a win, it’ll be a warning.

#RBA #InterestRates #AustraliaEconomy #Inflation #Growth #Recession #FinanceNews #CPI #Economy #RateCut


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Meta and Amazon signal ‘AI efficiency era’

Meta and Amazon cut jobs to enhance automation, signaling the start of a new AI discipline era.

Published

4 hours ago

on

October 29, 2025

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Meta and Amazon cut jobs to enhance automation, signaling the start of a new AI discipline era.


The AI boom is shifting gears, Meta and Amazon are cutting jobs to boost automation, profitability, and focus.

Analysts say this marks the dawn of an AI discipline era.

#AI #Meta #Amazon #BradGastwirth #BigTech #Automation #TechJobs #AIRevolution #EfficiencyEra #FutureOfWork


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Trump signals trade deal with China nearing

Trump claims a China trade deal is nearing completion amid new agreements across Asia.

Published

4 hours ago

on

October 29, 2025

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Trump claims a China trade deal is nearing completion amid new agreements across Asia.


President Donald Trump says a trade deal with China is close as he finalises new agreements across Asia.

Talks with Xi Jinping are expected to deliver key breakthroughs in trade and diplomacy.

#Trump #China #TradeDeal #USAsia #XiJinping #Economy #Diplomacy #TradeTalks #WhiteHouse #GlobalMarkets


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