TikTok said on Tuesday that it strongly disagreed with the claims,...
Category:
International News
Latest
Geopolitical conflict: Global economy could lose $14.5 trillion over a 5-yr period, says Lloyd’s
With more than 80% of the world’s imports and exports – around 11...
Beazley adds to its cyber capabilities with launch of ‘Beazley Quantum’
This new cyber consortium provides comprehensive cover for large...
Global community steps up with $93 billion support package to boost resilient recovery in World’s poorest countries
The funds will be delivered to the world’s 74 poorest countries under the 20th replenishment (IDA20) program, which focuses on helping countries recover from the impacts of the COVID-19 crisis. In these countries, the ongoing pandemic is worsening poverty, undermining...
US health tab hit $4T as gov’t opened spigot to fight COVID
The $4.1 trillion tab for 2020 represents an increase of about $365 billion from national health spending in 2019. It works out to $12,530 per person Washington:U.S. health care spending rocketed to $4.1 trillion last year as Congress opened the spigot of federal...
Cryptocurrencies a challenge for emerging markets, regulation needed: IMF chief economist
Gita Gopinath,Chief Economist,International Monetary Fund ''I think cryptocurrencies are a particular challenge for emerging markets. It seems to be more attractive to adopt cryptocurrencies and assets in emerging economies than in advanced economies,'' she said while...
Swiss Re appoints Pravina Ladva as Group Chief Digital & Technology Officer and reorganises Group Operations
Pravina Ladva, Group Chief Digital & Technology Officer, Swiss Re All technology-related responsibilities of Swiss Re will be bundled under the leadership of Pravina Ladva Zurich: Swiss Re announced today the appointment of Pravina Ladva as Group Chief Digital...
Insurance industry joins initiative for decarbonising global shipping
"The disclosure framework provided by the Poseidon Principles will enable us to credibly report our progress towards net-zero insurance using granular marine data," Patrizia Kern, marine head at Swiss Re Corporate Solutions, said in a statement Other insurers and...
IMF warns of interest rate risks as global debt hits $226 trillion
Government borrowing accounted for slightly over half of the $28 trillion increase, but private debt among non-financial corporations and households also hit new highs. Global debt surged to $226 trillion last year, its biggest one-year jump since World War Two, and...
Tesla hit by string of US sex harassment lawsuits
"Tesla's factory floor more resembles a crude, archaic construction site or frat house than a cutting-edge company in the heart of the progressive San Francisco Bay area," several of the suits claim The lawsuits -- filed within a month of two others -- add to the...
38℃ record Arctic temperature confirmed, others likely to follow: WMO
The furnace-like conditions also contributed to 2020 becoming one of the three warmest years on record, the WMO spokesperson explained, adding that the Siberian heatwave "would have been almost impossible without climate change". UN : A new and disturbing high...
HSBC says clients must have plan to exit coal by end-2023
Under its plan, HSBC will cut exposure to thermal coal financing by at least 25% by 2025 and 50% by 2030, although non-EU or non-OECD-based clients could be funded until a global phase-out by 2040, its sustainability chief told Reuters HSBC said its new policy would...
Pfizer Covid pill nearly 90% effective, works on Omicron, shows lab data
77 countries have now reported cases of Omicron & the reality is that Omicron is probably in most countries, even if it hasn’t been detected yet. Omicron is spreading at a rate we have not seen with any previous variant, said Tedros Ghebreyesus,...