A U.S. Treasury spokesperson called on G7 and European Union allies...
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US sues Uber, alleges discrimination against disabled riders
“Uber’s discriminatory conduct has caused significant economic,...
Future-ready power companies seize soft market advantages, Willis
Infrastructure hotspots such as Indonesia, Vietnam and the...
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...
Biden proposes to raise taxes on high earners to avert Medicare funding crisis- WaPo
The White House's proposal would raise the net investment income tax, created by the Affordable Care Act, from 3.8% to 5% for all Americans earning more than $400,000 per year, according to the report. The White House will propose raising taxes on people earning more...
Fed likely needs to raise rates higher and possibly faster, Powell tells lawmakers
Federal Reserve Chair Jerome Powell “From a broader perspective, inflation has moderated somewhat since the middle of last year but remains well above the FOMC’s longer-run objective of 2 percent,” Powell said in his prepared remarks released in Washington. Federal...
Swiss Re closes second alternative capital transaction with J.P. Morgan
Philipp Rüede, Head of Swiss Re Alternative Capital Partners, said: "This deal also represents another important step on Swiss Re's Alternative Capital Partners' journey, where we are increasingly using alternative capital to address our wider capital management...