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Choking smog blanketed Beijing and much of northern China Monday as climate change talks opened in Paris and a new Chinese report raised the alarm about rising sea levels. As the global summit began, the US embassy in Beijing recorded concentrations of PM2.5, tiny airborne particles which embed deeply in the lungs, at 625 micrograms per cubic metre -- 25 times above the World Health Organisation's 25 microgram recommended maximum.
NEW YORK (AP) — Stocks were lower in quiet trading Monday as traders returned from the Thanksgiving holiday. Retail stocks led the declines as early signals about the strength of the holiday shopping season failed to impress. Investors are focusing on central banks in Europe and the U.S., which are going in different directions on interest rate policy.