economic benefits – Charm

World risks up to $39 trillion in economic losses from vanishing wetlands, report says

Cs news9 months ago03 mins

By Duncan Miriri NAIROBI (Reuters) -The global destruction of wetlands, which support fisheries, agriculture and flood control, may mean the loss of $39 trillion in economic benefits by 2050, according to a report by the Convention on Wetlands released on Tuesday. Some 22% of wetlands, both freshwater systems such as peat lands, rivers and lakes,…

Weaker Hong Kong dollar to boost tourism and lower cost of services: economists

Cs news11 months ago02 mins

Recent weakness in the Hong Kong dollar against some regional currencies has made the city more appealing to inbound tourists while lowering the costs of services, economists and industry leaders have said. The Hong Kong dollar, pegged to the US dollar, weakened against a basket of currencies as reflected in the US dollar DXY Index,…