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Ireland fines LinkedIn 310 mn euros over EU data breach
The Data Protection Commission (DPC) issued the Microsoft-owned...
Global commercial insurance rates show first quarterly fall in seven years, Marsh says
Marsh said the fall in the composite rate - the first since the...
End of Covid-19 pandemic in Europe ‘plausible’ after Omicron: WHO
"It's plausible that the region is moving towards a kind of pandemic endgame," Hans Kluge told AFP, urging nonetheless caution due to the virus' ability to mutate The Covid-19 pandemic has entered a new phase with the Omicron variant, which could infect 60 percent of...
Nasdaq 100’s unrelenting declines ring a dot-com bust alarm bell
Down almost 12% in January, the Nasdaq 100 is on course for its worst month since the 2008 global financial crisis. On any four-day basis, the current streak of 1% drops was the first since 2018. “If you just look at those two prior instances, right after 9/11 was a...
Global crypto market suffers $1-trillion loss as Bitcoin crashes
Given their relatively high volatility and valuations, cryptocurrencies' increased co-movement could soon pose risks to financial stability especially in countries with widespread crypto adoption, according to IMF research New Delhi: Bitcoin was hovering at $35,000...
Biden economic agenda focusses on climate, inclusive growth and elder care: Janet Yallen
U.S. Treasury Secretary Janet Yellen Yellen said inadequate paid leave and high child care costs have kept many people out of the workforce, which could be remedied by the administration's proposed two years of universal early childhood education and expanded child...
Meta, Snap sued over social media ‘Addicted’ girl’s suicide
Meta and Snap knew or should have known that “their social media products were harmful to a significant percentage of their minor users,” according to the lawsuit. “In other words, defendants intentionally created an attractive nuisance to young children, but failed...
Climate, COVID, China: Takeaways from online Davos event
With Africa “the most negatively affected” by climate change though the continent contributes “the least” to it, Nigerian Vice President Yemi Osinbajo asked Friday for developed nations to remain committed to their pledge of providing $100 billion annually to support...
UK classifies new form of Omicron as ‘variant under investigation’
In total, 40 countries have uploaded 8,040 BA.2 sequences to the Global Initiative on Sharing All Influenza Data (GISAID) since November 17, 2021 and at this point, it is not possible to determine where the sub-lineage may have originated, . London: A new form of...
Back in court – UK hospitality groups take on insurers over lockdown losses
Corbin & King, the owner of London's Wolseley and Delaunay restaurants is suing AXA for around 4.5 million pounds in a dispute that hinges in part on the scope of "denial of access" cover, designed to protect insured venues that are shut by public authorities on...
Amid risk aversion in equities, Bitcoin plunges to lowest level since Aug
Virtual coins have become emblematic of a retreat in speculative investments sparked by the prospect of tighter monetary policy in the U.S. Bitcoin of late has tracked swings in technology stocks, which have been under pressure, with the Nasdaq 100 tumbling into a...
Global corporate funding in solar sector nearly doubles to $27.8 bn in 2021: Mercom Capital
“Most of the transactions involved solar downstream companies. The largest transaction in 2021 was Adani Green Energy Limited (AGEL), which acquired a 100 per cent stake in SB Energy India at an enterprise valuation of approximately USD 3.5 billion,'' the report said...