"The fact that we're still seeing record temperatures outside of...
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Australia bans DeepSeek AI services from all government systems and devices
Home Affairs Minister Tony Burke said in a statement Tuesday that...
Corporate ‘Irritation’ over ESG fueled by significant costs
There’s evidence to suggest that fund managers devoting lots of...
Governments increase user data demands, warns Twitter
The US makes up the majority of demands for account information, accounting for 20% of the requests. India follows closely behind. Twitter says it complied fully with roughly 40% of all asks for information on user accounts Washington: Twitter warned Thursday that...
Fed raises rates by 75 bps to tame inflation, flags weakening economic data
Jerome Powell,Chairman, US Fed Policy makers, facing the hottest cost pressures in 40 years, lifted the target for the federal funds rate on Wednesday to a range of 2.25% to 2.5%. That takes the cumulative June-July increase to 150 basis points -- the steepest since...
Life expectancy of South Koreans rises to 83.5 years in 2020, 3.3 longer than 10 years ago
According to OECD Health Statistics 2022, the life expectancy of Koreans was 83.5 years in 2020, which topped OECD countries' of average 80.5 years. This is 1.2 years longer than Japan's 84.7 years. It is 3.3 years more than 80.2 years in 2009. The OECD average...
Global CAT insured losses at $39 billion in H1 2022:Aon
Steve Bowen, managing director and head of Catastrophe Insight for Aon’s Impact Forecasting team, said: “The continued effects of La Niña conditions, amplified by climate change’s influence on global weather patterns, not only increased volatility and intensified many...
IMF cuts global growth outlook, warns high inflation threatens recession
Pierre-Olivier Gourinchas,Chief Economist,IMF "The outlook has darkened significantly since April. The world may soon be teetering on the edge of a global recession, only two years after the last one," IMF Chief Economist Pierre-Olivier Gourinchas told a news...
Alibaba to seek primary listing in Hong Kong, adding to NYSE
Alibaba's decision to seek a primary listing in Hong Kong also comes as U.S. regulators have threatened to delist U.S.-listed Chinese companies unless they follow auditing requirements, which in turn triggered a selloff of Chinese stocks listed in the U.S. Alibaba,...
Australia is on high alert for foot-and-mouth disease in its cattle herds
The disease is often spread by humans via their shoes, clothes and luggage — and particles can even live in people’s noses, where they may survive for up to 24 hours. The virus can also be transmitted via contaminated meat and other animal products, and survive in the...
Quarter of firms reach Lloyd’s of London 35% target for women leaders
"Representation of women and ethnic minorities (is) improving across our market – but we can't be complacent," Lloyd's of London CEO John Neal said. A quarter of firms operating at Lloyd's of London have reached the commercial insurance market's target for 35% of...
London as financial hub struggles to find its way in Brexit Britain
Sam Woods, chief executive of the Prudential Regulation Authority, faces calls from the insurance industry to support the relaxation of the Solvency II capital rules, which were written while part of the EU London: London is in danger of becoming a mere “regional...
China seals off iPhone maker, CNOOC in Shenzhen to battle Covid-19
The measure in Shenzhen rekindles the possibility of Shanghai-style lockdowns that forced tens of thousands of workers into isolation. Apple supplier Quanta Computer Inc., chipmaker Semiconductor Manufacturing International Corp. and Tesla Inc. were among the...