Your Daily Scan of the New Global Economy

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  • Businesses named on 'A-list' for tackling their climate impact

    Sainsbury’s, Lego and H&M feature on list that rewards shift to renewable energy and reducing emissions

    Sainsbury’s, Lego and H&M are among the businesses to make a prestigious A-list of companies that are deemed to be at the forefront of the charge to tackle the “existential” climate crisis.

    The list is compiled by non-profit group CDP which scores companies based on the environmental data they voluntarily disclose on its platform. Just 2% of the 8,000 companies it scores made the A-list, with Nestlé, Unilever, BT and Walmart among the 179 to make the cut. A focus on the climate emergency was not at the expense of business success, CDP said, with companies on the A-list also outperforming peers on the stock market by 5.5% a year.

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  • Donald Trump is a good president … but only for the top 1%

    On all economic measures, from jobs to health to GDP to disposable income, the president has failed America

    As the world’s business elites trek to Davos for their annual gathering, people should be asking a simple question: have they overcome their infatuation with the US president?

    Two years ago, a few rare corporate leaders were concerned about climate change, or upset at Donald Trump’s misogyny and bigotry. Most, however, were celebrating the president’s tax cuts for billionaires and corporations and looking forward to his efforts to deregulate the economy. That would allow businesses to pollute the air more, get more Americans hooked on opioids, entice more children to eat their diabetes-inducing foods and engage in the sort of financial shenanigans that brought on the 2008 crisis.

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  • Isabel dos Santos: president's daughter who became Africa's richest woman

    From her first investment in a beach bar, Dos Santos has built a $2bn empire. But her wealth is the subject of mounting scrutiny

    From the terrace of the Miami Beach club, the sand stretches down to the Atlantic ocean. Waves lap the long shoreline of the Ilha de Luanda. On weekends, the bar-restaurant is full of wealthy drinkers and dancers who have driven over from Luanda, the Angolan capital, a few kilometres away.

    The Miami Beach club has been a fixture on the Luanda party scene for 20 years. Over that time the civil war that devastated Angola ended, an oil boom that generated billions ended in bust, and one of the longest-ruling leaders in Africa, José Eduardo dos Santos, was forced to step down as president. It was a period when a lucky elite of Angolans made very large fortunes – but none seems to have made more than the former president’s daughter, Isabel dos Santos, whom Forbes says is worth $2.2bn (£1.7bn).

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  • Why do so many US workers fall to their deaths?

    There were 5,250 fatal work injuries in the US in 2018, with falls a leading cause of death – and cuts in government oversight may lead to more

    Robert Fitch had worked for the same grain milling company for 30 years when he fell from a belt-operated manlift.

    His brother, who also worked for the same company, in Lincoln, Nebraska, tried to revive him but Robert was fatally injured by the 80ft fall.

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