{"id":579558,"date":"2022-11-07T13:24:09","date_gmt":"2022-11-07T13:24:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/07\/execs-in-the-g20-are-more-concerned-about-inflation-than-climate-demand-for-the-latest-iphone-is-lagging\/"},"modified":"2022-11-07T13:24:09","modified_gmt":"2022-11-07T13:24:09","slug":"execs-in-the-g20-are-more-concerned-about-inflation-than-climate-demand-for-the-latest-iphone-is-lagging","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/07\/execs-in-the-g20-are-more-concerned-about-inflation-than-climate-demand-for-the-latest-iphone-is-lagging\/","title":{"rendered":"Execs in the G20 are more concerned about inflation than climate + Demand for the latest iPhone is lagging"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Step aside, climate change \u2014 G20 countries have bigger fish to fry:<\/strong> Executives in G20 countries are worried about inflation, the debt crisis, and increasing cost of living, pushing climate change and environment-related issues to the back of their agendas \u201cfor the first time in years,\u201d according to the World Economic Forum\u2019s Executive Opinion Survey picked up by <a href=\"https:\/\/www.reuters.com\/markets\/rates-bonds\/inflation-top-worry-g20-countries-survey-2022-11-07\/\">Reuters<\/a>. This comes as Egyptian officials have repeatedly called on global players to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a65eb8c4-9ad8-4c5a-804d-1cc5765bb0df\">honor climate pledges<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/93c95ba1-55eb-458c-a718-742546083012\">put aside political and economic concerns<\/a> to avoid detracting from the importance of addressing climate change during COP27. G20 nations have been under scrutiny lately for failure to fulfill their climate pledges, having <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/866f85bc-8e65-4068-8820-f43b4c0a46a4\">raised their fossil fuel spending<\/a> by 16% last year to USD 693 bn, while the Glasgow Financial Alliance for Net Zero called on the G20 to raise their climate targets.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>iPhone 14 production downgraded as demand is hurting: <\/strong>Apple plans to decrease the production of its latest iPhone by more than 3 mn units from an initial 90-91 mn, reversing its ambitious plans for a production increase following supply bottlenecks and weaker demand, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-11-07\/apple-trims-new-iphone-output-by-3-million-units-as-demand-cools?srnd=premium-middle-east\">Bloomberg<\/a> reports, citing sources in the know. China\u2019s Covid-Zero policy recently triggered a lockdown in the city of Zhengzhou, known to be the production hub for the flagship product, leading to a supply slowdown of its release. Demand for both the iPhone 14 and iPhone 14 Plus has been weakening amid a general drop in consumer spending as global inflation bites consumers\u2019 disposable income. The global slowdown in smartphone sales forced the tech giant to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/05b8797c-9765-4d70-84c7-9c2ad18c9498\">cut production<\/a> of the iPhone 14 Plus just weeks before it began shipping.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Step aside, climate change \u2014 G20 countries have bigger fish to fry: Executives in G20 countries are worried about inflation, the debt crisis, and increasing cost of living, pushing climate change and environment-related issues to the back of their agendas \u201cfor the first time in years,\u201d according to the World Economic Forum\u2019s Executive Opinion Survey [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":579559,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[184,147,633,638,926],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-579558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-apple","tag-climate-change","tag-enterprisepm","tag-for-your-commute","tag-g20","wpautop","entry"],"acf":{"mongo_id":"87986884-5676-4288-9356-bcd870246fe2","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/11\/600.jpg","photo_position":"above","related_issue":[579554],"teaser":"","voice_url":""},"yoast_head":"<!-- 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pandemic aid pledge to developing countries: The world\u2019s most advanced economies agreed last week to provide a combined USD 60 bn to developing countries struggling under the financial fallout of the pandemic, marking a significant reduction from their original USD 100\u2026","rel":"","context":"In &quot;FOR YOUR COMMUTE&quot;","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/2\/532.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":606022,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/10\/el-sisi-in-diplomatic-overdrive-at-g20-summit-in-new-delhi\/","url_meta":{"origin":579558,"position":1},"title":"El Sisi in diplomatic overdrive at G20 summit in New Delhi","author":"enterpriseam admin","date":"10 September 2023","format":false,"excerpt":"Global food security and migration were on the agenda at a mini Africa-EU summit and talks between El Sisi and EU leaders","rel":"","context":"In &quot;Diplomacy&quot;","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/661.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547970,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/20\/shoukry-calls-for-compromise-at-climate-talks\/","url_meta":{"origin":579558,"position":2},"title":"Shoukry calls for compromise at climate talks","author":"enterpriseam admin","date":"20 July 2022","format":false,"excerpt":"Climate change negotiations need not be a \u201czero-sum game\u201d between developing and developed countries, Foreign Minister Sameh Shoukry said yesterday, calling on governments to compromise at the upcoming COP27 summit in November. The current heatwave in Europe is \u201ca testament to the necessity of all of us moving together,\u201d Shoukry\u2026","rel":"","context":"In &quot;Diplomacy&quot;","block_context":{"text":"Diplomacy","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/diplomacy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":655702,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/22\/climate-talks-in-disarray-as-tepid-g20-statement-fails-to-impress\/","url_meta":{"origin":579558,"position":3},"title":"Climate talks in disarray as tepid G20 statement fails to impress","author":"enterpriseam admin","date":"22 November 2024","format":false,"excerpt":"Good morning wonderful people, and welcome to the weekend. Sit back, relax, and let us run you through last week\u2019s highlights and this weekend\u2019s hidden gems. LAST WEEK IN 3 MINS-ECONOMY- #1- The IMF wrapped up our fourth review, though the Executive Board greenlight is still pending: Prime Minister Moustafa\u2026","rel":"","context":"In &quot;THE WEEK IN REVIEW&quot;","block_context":{"text":"THE WEEK IN REVIEW","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-week-in-review\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2097.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":615202,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/14\/ragy-el-etreby-appointed-ambassador-to-brics-g20\/","url_meta":{"origin":579558,"position":4},"title":"Ragy El Etreby appointed ambassador to Brics, G20","author":"enterpriseam admin","date":"14 February 2024","format":false,"excerpt":"The ambassador plans to support the shift towards local currencies in trade between Brics members","rel":"","context":"In &quot;Moves&quot;","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1264.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556548,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/31\/this-morning-cop26-starts-tomorrow-gcc-v-lebanon-gas-prices-in-europe-ease-facebook-is-hoping-a-rebrand-will-make-their-problems-go-away\/","url_meta":{"origin":579558,"position":5},"title":"THIS MORNING: COP26 starts tomorrow; GCC v Lebanon; Gas prices in Europe ease; Facebook is hoping a rebrand will make their problems go away.","author":"enterpriseam admin","date":"31 October 2021","format":false,"excerpt":"Happy Halloween, boys and girls \u2014 and welcome to the final business day of October. The first week of November is shaping up to be particularly busy, with world politics driving the news agenda everywhere.HERE AT HOME, it\u2019s clear that inflation is going to continue biting. The specter of rising\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/579558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=579558"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/579558\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/579554"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/579559"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=579558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=579558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=579558"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=579558"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=579558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}