Coastal flooding puts 20{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} of global economy at risk by 2100, new report finds

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Residents take pictures and explore the catastrophic damage to downtown Sanford following extreme flooding throughout central Michigan on May 20, 2020 in Sanford, Michigan.

Matthew Hatcher | Getty Images

As much as 20{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} of global gross domestic product could be threatened by coastal flooding by the end of the century if no action is taken, according to a new report published Thursday in Springer Nature.

The research, conducted by scientists at the University of Melbourne, found that by 2100 an additional 287 million people, or 4.1{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} of the world’s population, could be at risk of coastal flooding. Based on

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Where Chinese developers see growth in a post-coronavirus economy

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The view from the top of Shanghai’s skyscraper shows Jin Mao Tower (left) and Shanghai World Financial Centre (right) on November 11, 2015 in Shanghai, China.

Alexander Kaunas | Kommersant | Getty Images

BEIJING — When it comes to betting on a post-coronavirus China, some of the country’s largest property developers are concentrating on a few industry and demographic trends they expect will grow in the longer term.

The coronavirus pandemic and government efforts to control it with restrictions on social gatherings has hit economic growth worldwide and increased uncertainty for property markets, particularly commercial office space. China’s property market

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DBS CEO says ‘a big, big challenge’ is looming in the global economy

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The economic aftermath of the coronavirus pandemic is likely to worsen when authorities start rolling back relief measures — and banks could experience “far more damage” to their balance sheets, said Piyush Gupta, group chief executive of Singaporean bank DBS.

Speaking to CNBC’s “Managing Asia” anchor Christine Tan, Gupta said government stimulus in many countries is helping businesses tide through the current difficult period. But when those measures come to an end, many companies may not survive, he explained.

“If a lot of companies are not able to survive … you’ll have this million-dollar question of how do you deal

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Jamie Dimon’s warning for the U.S. economy

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Attempting to forecast the path of the American economy right now is like peering into a dark well — nobody knows how deep the hole goes.

Even Jamie Dimon, CEO of JPMorgan Chase and veteran prognosticator of all things financial, is flummoxed. As head of the financial system’s bellwether, a bank with $3.2 trillion in assets that serves almost half of U.S. households and a wide swath of its businesses, Dimon has a unique vantage on the world’s largest economy.

“The word unprecedented is rarely used properly,” Dimon said this week after JPMorgan reported second-quarter earnings.  “This time, it’s being

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