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Fewer than 50% of CEOs say Paris deal would make them act on climate change

New poll reveals most business leaders are failing to get to grips with long-term implications of global warming

Fewer than half (46%) of the chief executives of the world’s largest companies say a binding agreement on climate change at the UN’s climate summit in Paris will push them to prioritise the issue, according to new research by PwC.

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Source: The Guardian Circular Economy RSS

Paul Krugman: Australia can weather a Chinese economic downturn

In an interview with Guardian Australia, the Nobel prize-winning economist expresses scepticism about the China free trade agreement and a GST increase

Australia is resilient enough to weather the weakening of the Chinese economy, the Nobel prize-winning economist Paul Krugman has said, but he poured cold water on the benefits of the free trade agreement between the two countries.

Related: Confused about the China free trade deal? Here’s what you need to know

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Source: The Guardian Circular Economy RSS

UK summer washout means mixed news for business

While rain and cold put a damper on clothes and food sales, holiday firms such as easyJet profited from dank season

The chilly August that just capped off the coldest British summer in three years meant mixed fortunes for businesses. It was a washout for clothes retailers but sunny times for cut-price airlines. Bookings slumped for campsites in some parts of the country, but crowds flocked to some indoor attractions.

The soggy bank holiday in many parts of the country ensured it was the wettest end to the summer in 50 years in Dorset, Hampshire and Guernsey, according to the Met Office. Cornwall and the south coast had to cope with up to three times the average rainfall for August.

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Source: The Guardian Circular Economy RSS

In the future, the best chemistry practices will be green

Gathering for a summit on green chemicals, industry leaders and academics discussed how to solve the problems that threaten to stall 20 years of good intentions

Chemistry is having “an innovation crisis”, according to John Warner, co-author of the 12 Principles of Green Chemistry. “We need to ask if the way we’re training future scientists is fitting the need of society.”

The push for green chemistry began over two decades ago, and Warner has been part of the movement the whole time. On Wednesday, he presented one of two keynote speeches at a Guardian conference on green chemistry.

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Source: The Guardian Circular Economy RSS

European Central Bank's gloom suggests QE2 may be on the horizon

Mario Draghi has plainly been rattled by China’s economy, and as a result the bank’s €1.1tn quantitative easing scheme may need shoring up

The European Central Bank (ECB) launched its €1.1tn (£800bn) quantitative easing programme only in January. Now, with a full year left to complete the bond-buying spree, QE2 is being prepared.

Related: ECB press conference: Markets jump as Draghi hints at more QE – as it happened

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Source: The Guardian Circular Economy RSS

Mario Draghi ready to prop up eurozone with more stimulus

ECB president says growth prospects in the single currency area have suffered and could worsen if China’s slowdown bites

The euro fell sharply and stock markets rose after the European Central Bank boss said he was ready to provide more stimulus to prevent the eurozone’s faltering economy being hit by worries over China.

The ECB’s president, Mario Draghi, said the eurozone’s growth prospects had suffered in recent months and could worsen if the slowdown in China and turmoil in emerging markets took a turn for the worse.

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Source: The Guardian Circular Economy RSS

Shareholder group issues 'red alert' warning on Sports Direct bonuses

Investment Management Association signals corporate governance concerns over changes to Mike Ashley-owned retailer’s multimillion-pound scheme

One of the City’s most influential shareholder groups has issued a warning about planned changes to a multimillion-pound bonus scheme at Sports Direct, the retail chain run by Mike Ashley, the owner of Newcastle United football club.

The Investment Management Association (IMA) issued its “red top” alert – its most serious warning signal about corporate governance breaches – ahead of the retailer’s annual shareholder meeting next week because of concerns over pay.

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Source: The Guardian Circular Economy RSS

New Hinkley Point nuclear power station may be further delayed

France’s EDF gives no definite schedule for construction of £24.5bn plant, which still awaits firm’s final investment decision

The planned new nuclear power station at Hinkley Point in Somerset has been hit by another setback, with its developer EDF admitting the project may be further delayed.

The news came as the French energy group said a more advanced sister project at Flamanville in Normandy would now not start operating until 2018, at a cost of €10bn (£7.3bn). It was originally slated to open in 2005 and cost €3bn.

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Source: The Guardian Circular Economy RSS

Tesco late for school – uniforms go missing

Chain’s failure to meet 2,000 orders for customised uniforms causes parental scramble for alternatives as term starts

Thousands of parents have been left with a last-minute scramble to buy school uniforms, or been forced to send children back to lessons without the correct clothing, after Tesco failure to keep up with demand for customised shirts and sweaters.

Up to 2,000 customers did not receive their items – embroidered with individual school crests – in time for the start of term, even though some placed their orders up to six weeks before lessons began.

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Source: The Guardian Circular Economy RSS