China’s National Computer Virus Emergency Response Center said this...
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China’s murky bankruptcies expose hazards for foreign investors
Gaps in enforcement of China's insolvency laws can leave creditors...
AI makes weather forecasting more cost effective and accurate
This is the first time Taiping Reinsurance is bringing...
Analysis: China’s financial regulatory revamp raises hope, some concern over control
The watchdog, which will oversee all aspects of China’s $57 trillion financial sector apart from the securities market, should help reduce regulatory overlap especially at the level of local government, analysts say The new regulator will replace the banking and...
Ford issues recall notice for 18 F-150 pickup trucks after battery fire
On February 4, a fire broke out in a holding lot during a pre-delivery quality check while the vehicle was charging. Ford halted production and issued a stop-shipment order to dealers Last year, Ford recalled more than 1 lakh vehicles, including Maverick, Escape and...
Silicon Valley Bank is largest failure since 2008 crisis, billions stranded
Based in Santa Clara, the lender was ranked as the 16th biggest in the U.S. at the end of last year, with about $209 billion in assets. Specifics of the tech-focused bank's abrupt collapse were a jumble, but the Fed's aggressive interest rate hikes in the last year,...
Silicon Valley Bank Crisis: What could happen next?
The worst-case scenario for any bank is that it ends up with too little cash to operate or suffers enough losses to erode its capital, prompting regulators to sell the bank to a stronger rival or wind it down. But SVB's stock sale should help to prevent that. Time...
Changes to the AGCS SE Board of Management to drive new integrated Allianz Commercial model
CEO Joachim Mueller comments on these Board realignments: “With these new joiners and a new allocation of responsibilities for some current Board Members, we, as a leadership team, are ready to open the next chapter in AGCS’s corporate history: the realization of the...
Why is Indonesia moving its capital from Jakarta to Borneo
Indonesian officials say the new metropolis will be a sustainable forest city" that puts the environment at the heart of the development and aims to be carbon-neutral by 2045 But environmentalists warn that the capital will cause massive deforestation, threaten the...
Covid Lab-Leak fight masks global rise of high-security biolabs
For decades, scientists from the US, China, Russia, Canada and Europe have swapped ideas for standardizing safety and security amid biolab building booms. At least 15 organizations have helped develop guidelines for the proper handling of viruses and bacteria, but the...
Jobs and pay for women, barely improved in 20 years: ILO
The jobs gap is particularly severe in developing countries where the proportion of women unable to find a job reaches 24.9 per cent in low-income countries. The corresponding rate for men in the same category is 16.6 per cent, a worryingly high level but...
French nationwide strike to extend as pension reform fight intensifies
This is a critical time for labour and the government since French President Emmanuel Macron hopes parliament will adopt his plan to raise the pension age by two years to 64 before April. Looking to pile pressure on lawmakers, France's hardline unions said there would...
Yellen warns climate change could trigger asset value losses, harming US economy
"As climate change intensifies, natural disasters and warming temperatures can lead to declines in asset values that could cascade through the financial system. And a delayed and disorderly transition to a net-zero economy can lead to shocks to the financial system as...