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AI buzz on earnings calls in Europe scaling new peaks, spread beyond technology-related sectors
Growing use of AI-enabled tools also meant that the...
Heathrow airport reopens after blackout shutdown
The financial fallout from the day-long disruption may reach reach...
China’s cities battle first wave of COVID surge as wider spread looms
A sharp surge in deaths would test authorities' efforts to move China away from endless testing, lockdowns and heavy travel restrictions, and realign with a world that has largely reopened to live with the disease. BEIJING: Hearses bearing the dead lined the driveway...
Global cholera surge likely accelerated by climate change, warns WHO
"The situation is quite unprecedented, for not only we are seeing more outbreaks, but these outbreaks are larger and more deadly than the ones we have seen in past years," said Philippe Barboza, WHO Team Lead for Cholera and Epidemic Diarrhoeal Diseases "This...
Impossible to track exact number of COVID cases in China: Chinese health agency
China's top official in charge of the pandemic, Sun Chunlan, while visiting hospitals on Wednesday said that China's capital, Beijing, has for the first time been hit by a significant outbreak. Chunlan explained that the country's focus needs to shift from preventing...
Oil tanker owners show signs of shunning Russia’s Asian crude
Since Dec. 5, buyers of cargoes from Russia have only been allowed to access industry standard insurance and an array of trade-critical services if they pay $60 a barrel or less There are tentative signs that oil tanker companies are avoiding sending their ships to...
Reinsurers to stop covering key war risks related to Russia-Ukraine conflict
Hannover Re and Munich Re are among reinsurers who have warned that they will cease to underwrite any kind of risks — even indirect ones — related to the conflict in Ukraine from the start of next year, according to people familiar with the matter. The major German...
Satellite launched to map the world’s oceans, lakes, rivers
Nicknamed SWOT — short for Surface Water and Ocean Topography — the satellite is needed more than ever as climate change worsens droughts, flooding and coastal erosion, according to scientists Perhaps most importantly, the satellite will reveal the location and speed...
Global coal consumption set to hit new high this yr despite ambitious goals
Coal usage looks likely to increase by 1.2% in 2022, surpassing 8 billion tons in a single year for the first time, according to an International Energy Agency report published Friday. It also said consumption will likely remain at that level until 2025, as declines...
China’s factories to the world brace for Tsunami of Covid cases
The resulting eruption in infections is set to be a key test for a vast network of factories that account for almost one-third of the world’s manufacturing output. Those plants are now taking extraordinary steps to ward off infections From locking in workers to...
Climate change could cost pension funds billions, EU watchdog says
Only 14% of pension schemes said they were already using environmental stress-testing in their own risk management, a subgroup that performed better than their peers in the test, EIOPA said. Pension funds across the European Union would lose billions of euros from...
Fed lifts rates by half percentage point, sees economy nearing stall speed
The U.S. central bank's projection of the target federal funds rate rising to 5.1% in 2023 is slightly higher than investors expected heading into this week's two-day policy meeting and appeared biased if anything to move higher WASHINGTON: The Federal Reserve raised...