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New report finds NYC publishing supported 95,000 jobs, US$11B in wages, US$34B in economic output in 2020, with book publishers generating US$9.2B of economic output, periodical publishers US$6.3B, internet publishers US$2.8B, newspaper publishers US$2.5B

JPMorgan cuts 2023 earnings forecast for S&P 500 companies by 9%, citing weaker demand and pricing power, margin compression, limited buy-backs; however, index could claw back up to 4,200 by end-2023, reflecting near 3% upside from current levels

Retailers call for delay of Spain’s single-use plastics tax amid concerns of high inflation and rising costs for businesses, saying costs will end up being transferred to prices of products

Caixin China General Manufacturing PMI rose to 49.4 in November from 49.2 in October, signalling deterioration for fourth straight month; COVID-19 containment measures weighed on manufacturing as new work was the weakest in four months

S&P Global/CIPS UK Manufacturing PMI in November rose to 46.5 from 46.2 in October, remains below the neutral 50.0 mark for the fourth consecutive month; firms reported lower output, weaker new work intakes and reduced employment

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