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How biodiversity loss could raise borrowing costs and deepen debt risks worldwide

Financial markets are blind to the economic costs of biodiversity loss, leaving several countries at risk of defaulting on debt, according to new research published in Nature. While environmental degradation is recognized as a serious financial risk, sovereign debt markets currently have no way of accounting for it, leaving US$83 trillion in assets open to mispricing.

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Colonial ties may reshape 2026 World Cup odds, 1,500 simulations suggest

Colonial legacies continue to shape competitive outcomes in international football. A research team led by the University of Zurich has used about 1,500 simulations of the upcoming World Cup to show that former colonial powers benefit from access to a broader pool of talent, while formerly colonized nations face lower chances of success.

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How cultural backgrounds shape financial forecasts

There's a funny thing about facts. Two people can look at the same ones but interpret them very differently, depending on their styles of thinking. On Wall Street, analysts with short-term or long-term orientations may issue different financial forecasts for the same company, says Yong Yu, professor of accounting at the McCombs School of Business at The University of Texas at Austin.

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