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Business
AIIB: Multilateral development banks unite to fight climate change
Battling climate change needs both public and private financing, leveraged through multilateral development banks like AIIB, says its president, Jin Liqun. The Asian Infrastructure Investment Bank is working with World Bank, EBRD and other financial institutions to step up projects across the globe.
Economy
Europe's luxury goods market braced as China demand stays slow
China reported weaker-than-expected consumer price growth for August, signalling continued sluggish domestic consumer demand. This could place further pressure on key sectors in European stock markets, including luxury consumer and mining stocks, which are sensitive to China's conomic data.