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But Australia didn't upgrade its ambition for the end of the decade, and CAT says Saudi Arabia's goals are "difficult to assess" because of a lack of clarity about how it's measuring reductions. Keeping New Climate Promises Brings 1.5°C Goal Closer - But Not in Reach New net-zero pledges made at Unite Nations climate talks have created a slim but viable hope that the world could avoid a crucial redline for climate catastrophe, according to a new analysis, but worse outcomes remain possible if countries don't deliver on their promises. [Extracted from the article]

New net-zero pledges have created some hope at the COP26 summit that the world could avoid climate catastrophe, according to a new analysis. But Australia didn't upgrade its ambition for the end of the decade, and CAT says Saudi Arabia's goals are "difficult to assess" because of a lack of clarity about how it's measuring reductions. Keeping Glasgow's Climate Promises Would Bring World Closer to 1.5°C Goal. [Extracted from the article]

When movements in the jet stream, which was first documented by U.S. bombers flying to missions to Japan in World War II, coincide with climate-driven extremes--heat, drought, intense rainfall--the consequences can be catastrophic. Keywords: RWE@GR; ALLTOP; ASIA; BUSINESS; CANADA; CHINA; CLIMATE; CMD; CONS; CONSS; COS; EUROPE; GEN; GER; GOV; INDUSTRIES; LATAM; MED; NORTHAM; SCIENCE; TMT; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPEU EN RWE@GR ALLTOP ASIA BUSINESS CANADA CHINA CLIMATE CMD CONS CONSS COS EUROPE GEN GER GOV INDUSTRIES LATAM MED NORTHAM SCIENCE TMT TOP US WORLD WWTOP WWTOPAM WWTOPEU Deadly weather as far apart as China, Germany and the U.S. reveal the devastating impact of a swinging jet stream. [Extracted from the article]

The article discusses how the brand LVMH of Louis Vuitton menswear, a subsidiary of LVMH Moët Hennessy Louis Vuitton SE led by Bernard Arnault, is attempting to lure younger buyers to purchase their goods. The group hired menswear designer Virgil Abloh whose Parisian fashion show featured high-tech plastic duffel bags carried by hoodie-wearing models walking to the music of Kanye West.

U.K. pay gap widened slightly over past year, disclosures show Companies were also asked to measure their median pay gap, which compares the man in the middle of the male earnings pack with his female equivalent. [Extracted from the article]

Ireland is on track to win a seat on the European Central Bank's Executive Board, becoming the last of the common currency's founding members to obtain a position on the six-member body that runs the institution's daily business. AttributionZoe Schneeweiss: editor primaryJana Randow: editor secondaryDemetrios Pogkas: by reporterHayley Warren: by reporterFergal O'Brien: editor responsible. [Extracted from the article]

Homeownership rates fell in a large number of European Union nations after the financial crisis, but none as dramatically as in Britain, according to calculations by Bloomberg Economics. By 2016, ownership rates in the EU had dropped about 4 percentage points from their peak to 69.2 percent, compared with a near 10 point decline in the U.K to 63.4 percent. [Extracted from the article]

CBI recommends dropping 100,000 net migration goal, visa caps The U.K. should drop its net migration target after Brexit and introduce a system for arrivals from the European Union that better meets employers' needs, Britain's biggest business lobby group said. [Extracted from the article]

The lack of a coherent EU response after eastern European members refused to accept their share of migrants helped bring the League to power in Italy, the EU country that's experienced more arrivals than any other this year. Kurz will address Parliament in Vienna on Thursday on his EU plans with the motto "A Europe that protects". [Extracted from the article]

(Bloomberg) -- No Brexit for Energy as Britain Set to Draw More Power From EU Whether the U.K. can still rely its neighbors for energy at times of stress depends on the the U.K.'s energy relationship with the EU after Brexit. And if Britain is treated as a third country outside the EU, that could reduce the willingness some nations have in supplying power to the U.K. in an emergency. [Extracted from the article]

Britain got a glimpse of its green future as the sun provided more power to households than any other energy source over a rare, sunny holiday weekend. Solar changes wholesale electricity prices in a peculiar way, causing surges at 9 a.m. and 9 p.m. as the sun fades and demand is strong and the grid needs supplies from natural gas and coal plants. [Extracted from the article]

The scramble for qualified workers has become an existential issue for companies across Germany, which are offering enticements ranging from overseas sojourns and ski outings to subsidized housing and sausage platters. Compensation in Germany rose 13 percent in the last five years as unions moderated wage demands to help their companies maintain an edge in the face of growing global competition. "There is a risk that if there aren't enough workers, some things will no longer be produced in Germany", says Raimund Becker, an executive at Germany's federal employment agency. [Extracted from the article]

Five Star populists sweep the south, League scores in north AttributionAlessandra Migliaccio: editor primaryGregory Viscusi: by reporterHayley Warren: by reporterAlan Crawford: editor responsible. [Extracted from the article]

(Bloomberg) -- Trump's Tweets, #MeToo and China: Davos in Six Charts In many ways, next week's World Economic Forum annual meeting in the Swiss alpine town of Davos is no different from previous confabs: a nearly week-long opportunity for the global rich and powerful to mingle and swap big ideas. [Extracted from the article]

Nello Musumeci checks off the main points of his platform for the governorship of Sicily as his driver navigates the lunchtime traffic of the ancient city of Syracuse. Musumeci's Five Star rival for the governorship of Sicily, Giancarlo Cancelleri, has unveiled 10 measures to boost jobs which also include more help for start-ups and better use of EU funds. [Extracted from the article]

"Electric cars on their own may not add up to much", David Eyton, head of technology at London-based oil giant BP Plc, said in an interview. The London-based energy giant expects battery-powered cars to reduce oil demand by just 1 million barrels a day by 2035, while also acknowledging the potential for a much larger impact if the industry has an iPhone moment. [Extracted from the article]

(Bloomberg) -- What Brexit Means for Britain, It Also Means for Breakfast While a year has passed since the U.K. voted to leave the EU, Prime Minister Theresa May's mantra that "Brexit means Brexit" hasn't helped clarify what the future relationship with the bloc will look like. [Extracted from the article]

(Bloomberg) -- Solar Power Forecast to Shut Down Coal Plants Increasingly Fast BNEF expects the nation's coal-power capacity in 2040 will be about half of what it is now after older plants come offline and are replaced by cheaper and less-polluting sources such as gas and renewables. [Extracted from the article]

If Macron does manage to get some of the non-Le Pen-supporting youth voters in the runoff, it would be because they like her even less. An Ifop poll on Thursday showed that 71 percent of young Melenchon voters who intend to cast a ballot on May 7 will back Macron. [Extracted from the article]

May wants to strengthen her hand going into Brexit talks... Prime Minister Theresa May's shock announcement to seek an election on June 8 may send voters back to the ballot boxes just 12 months after the Brexit referendum and only two years since the last general vote. Still, Britons will choose lawmakers in individual constituencies, and with Labour having accepted that Britain is leaving the EU, there may be a chance for the anti-Brexit Liberal Democrats to win in "Remain" areas such as Twickenham in southwest London or Bath in western England. [Extracted from the article]