The measures ban any cooperation with Moscow-based insurers...
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UK employers warn tax rise will hit investment and pay
Prime Minister Keir Starmer and his finance minister Rachel Reeves...
EU seeks to streamline ESG regulations amid growing backlash
Asset managers have cautioned against letting streamlining morph...
Global investors flee China fearing that risks eclipse rewards
Some international investors are finding an aggressive allocation to China increasingly unpalatable. Outflows from the country’s stocks, bonds and mutual funds accelerated after Russia’s invasion of Ukraine, while Norway’s $1.3 trillion sovereign wealth fund has...
China unlikely to achieve GDP targets due to COVID-19 crisis
Experts from 12 financial institutions polled a French-based media forecast a GDP growth of 5.0 pc for the full year. They expect a figure of 4.3pc for the first quarter, just above the 4.0pc recorded in the three months prior, as per the media outlet It is not just...
China Eastern restarts flights using Boeing 737-800 after March crash – data
On March 21, Flight MU5735, which was en route from Kunming to Guangzhou, crashed in the mountains of Guangxi and killed 123 passengers and nine crew members in mainland China’s deadliest aviation disaster in 28 years The cause of the disaster, China's deadliest plane...
Mysterious liver illness seen in kids in US, Europe
“Given the increase in cases reported over the past one month and enhanced case search activities, more cases are likely to be reported in the coming days,” WHO officials said in a statement. The U.S. children ranged in age from 1 to 6 years old, and two required...
Cyclones in Africa exacerbated by climate change: Study
“While our analysis clearly shows that climate change made the storms more damaging, our ability to establish precisely by how much was hampered by inconsistent data and lack of weather observations. This would also help to improve forecasts of extreme weather events...
Swiss Re chairman re-elected despite proxy adviser raising concerns about diversity
Sergio Ermotti, chairman, Swiss Re ISS recommended shareholders oppose the reappointment of Ermotti as a “signal of concern” over the lack of gender diversity on the reinsurer’s board. Ermotti told shareholders in a webcast that “abilities and experience” are also...
Oil traders to cut Russian oil purchases from May 15
Energy trading firms face compliance and reputational risks from the current raft of Western sanctions. They have to examine closely which entities they can pay as well as their employees' nationalities. Also, the lack of an outright ban complicates ending existing...
Windows under attack from Chinese threat actors: Microsoft
"As Microsoft continues to track the high-priority state-sponsored threat actor HAFNIUM, new activity has been uncovered that leverages unpatched zero-day vulnerabilities as initial vectors," the company said in a blogpost. San Francisco: Tech giant Microsoft has...
Japan’s population down by record 644,000 people
Tokyo, saw its first population drop in 26 years, declining by 40,000 to a total of 14 million people The population of Japan has been shrinking for 11 consecutive years, but this year's fall is the greatest both in absolute numbers and in percentage terms The...
EU sanctions tweak allows some plane owners to sell to Russia
Under the amended provision, no economic resources can be made available to the Russian counterpart, except to transfer ownership of the plane after the EU company has been fully reimbursed An amendment to European Union sanctions last week created a potential path...