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Hurricane Melissa triggers 100% payout of $150 million World Bank Catastrophe Bond for Jamaica
Catastrophe insurance backed by catastrophe bonds are part of the...
Willis launches Data Centre Practice in Asia
The Data Centre sector in Asia is experiencing unprecedented...
China vows to treat foreign firms equally amid industrial upgrade push
China will continue to open up high-level areas of industry and finance and create more market opportunities, and will firmly safeguard a multilateral trading system with the WTO at its core, Vice Commerce Minister Guo Tingting said . Beijing: China pledged on Monday...
Google, Apple breakups on the agenda as global regulators target tech
That in turn could inspire watchdogs around the world to pile on, as evidenced in the growing number of antitrust probes in various countries following the opening of EU and U.S. cases. Since AT&T was broken up exactly 40 years ago, no company has faced the...
China blocks use of Intel and AMD chips in government computers, FT reports
The procurement guidance also seeks to sideline Microsoft's Windows operating system and foreign-made database software in favour of domestic options, the report said. According to the FT report, Chinese officials have begun following the guidelines, which were...
UNCTAD optimistic about global trade outlook in 2024
Persistent geopolitical tensions, rising shipping costs, and high levels of debt weighing on economic activity in many countries may still exert negative influences on global trade, it added Moderating global inflation and improving economic growth forecasts an...
Coal, the dirtiest fossil fuel, is finally preparing for long goodbye
Thanks to a combination of China’s energy insecurity — pushing Beijing back to trusted power sources — plus rising Indian demand, the continued fallout from the war in Ukraine and faltering international programmes to wean developing economies off fossil fuels, coal...
UN adopts first global artificial intelligence resolution
The resolution is the latest in a series of initiatives - few of which carry teeth - by governments around the world to shape AI's development, amid fears it could be used to disrupt democratic processes, turbocharge fraud or lead to dramatic job losses, among other...
Apple, Meta, Google set to face EU Digital Markets Act probes, sources say
Digital Markets Act breaches could cost the companies as much as 10% of their global annual turnover. The landmark EU tech rule requires the companies to give users and rivals more choices to ensure a level playing field Apple, Meta Platforms and Alphabet's Google are...
US sues Apple, alleging it illegally monopolized the smartphone market
The Justice Department said Apple charges as much as $1,599 for an iPhone and makes larger profits than any others in the industry. Officials also said that Apple charges various business partners — from software developers to credit card companies and even its rivals...
Hackers carrying out disruptive attacks on water systems: US
In a letter released Tuesday, National Security Advisor Jake Sullivan and Environmental Protection Agency Administrator Michael Regan warned that “disabling cyberattacks are striking water and wastewater systems throughout the United States.” The letter singled out...
French competition watchdog hits Google with 250 mln euro fine
The watchdog said Google's AI-powered chatbot Bard - since rebranded under the name Gemini - was trained on content from publishers and news agencies, without notifying them. Google has pledged not to contest the facts as part of settlement proceedings, the watchdog...