The spike in fatalities marks a reversal from 2023, which became...
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Beijing to boost driverless vehicle use, regulations to kick in from Apr 1
Autonomous vehicles that pass road testing and safety assessments...
China’s 2024 GDP growth set to hit target of around 5%, says Xi Jinping
China is expected to set a 2025 growth target roughly similar to...
European fund managers set to go all in on ESG, survey says
“As regional regulations become increasingly stringent and as efforts towards the development of global ESG standards intensify, managers – especially those willing to compete at a global level – will be pushed towards an all-encompassing alignment of their products...
Russia defaults on foreign-currency sovereign debt for 1st time since 1918
Russia has pushed back against the default designation, saying it has the funds to cover any bills and has been forced into non-payment. As it tried to twist its way out, it announced last week that it would switch to servicing its $40 billion of outstanding sovereign...
WTW appoints Lee Garvey as Regional Head of Financial Solutions in Asia Pacific
Commenting on Lee’s appointment, Stuart Ashworth, Head of International, Financial Sol said, “During this period of geopolitical upheaval, we believe our clients need our services more than ever. We have ambitious plans for Asia Pacific and this appointment reflects...
EU releases 2 million euros to support flood victims in Bangladesh, India
The floods this year are considered worse than those experienced in 1998 and 2004 New Delhi; The European Commission has released 2 million euros in funding for emergency relief assistance to those affected by the current floods in India and Bangladesh. The support...
Vietnam may replace China as factory of the world in near future
As Southeast Asia eases its epidemic restrictions and China continues to battle Omicron flare-ups in its major cities, a new wave of headlines emerged over whether factory orders will continue to flow out of China, and if China should have a sense of crisis as global...
Cryptocurrencies: Cybercriminals cause security risks
According to a new book by Geoff White, “The Lazarus Heist,” the North Korea's hackers have been become increasingly sophisticated over the past decade, managing to steal an estimated $2 billion worth of cryptocurrency to date. Crypto investors should expect the gang...
UN chief warns of ‘catastrophe’ from global food shortage
Antonio Guterres, Secretary-General “There is a real risk that multiple famines will be declared in 2022,” U.N. Secretary-General Antonio Guterres said in a video message to officials from dozens of rich and developing countries gathered in Berlin. “And 2023 could be...
Calif. top court to consider employer liability for COVID infections
It was the first ruling of its kind. Business groups have said allowing employers to be held liable for so-called "take-home" COVID infections will prompt lawsuits not only by workers' family and friends but by anyone infected by that circle of people. Companies...
Covid vaccines in time saved an estimated 20 million lives in the first year of the rollout: Study
High- and upper-middle income countries accounted for the greatest number of deaths prevented -- more than 12 million More could have been done to extend the benefits of vaccines to a wider number of people, according to a commentary in the same journal. Inequitable...
Google warns spyware ‘Hermit’ targeting high-profile Android victims
Cyber-security researchers last week unearthed 'Hermit' that is being used by the governments via SMS messages to target high-profile people like business executives, human rights activists, journalists, academics and government officials Google has found strong...