Prime Minister Keir Starmer and his finance minister Rachel Reeves...
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EU seeks to streamline ESG regulations amid growing backlash
Asset managers have cautioned against letting streamlining morph...
China state media warn Trump against mutually destructive tariff war
Economists have begun downgrading their growth targets for China’s...
Asia keeps Omicron variant at bay, but a surge may be inevitable
Omicron cases are mounting, and experts say the next few months will be critical. Those fears have been amplified by doubts about the effectiveness of the Chinese-made vaccines used in China and much of the developing world Once the pace picks up, its upsurge would be...
Lloyd’s Asia launches new renewable energy consortium
The new consortium has been developed by Chaucer, Markel, and Munich Re Syndicate Ltd (MRSL) and has a maximum working capacity of USD100m per project It is expected that Asia Pacific will continue to outperform other regions as a market for the investment and...
Malaysia seeks U.N. climate adaptation funds amid deadly floods
Malaysia's National Adaptation Plan will focus on areas such as water, agricultural, and food security, public health, forestry, and infrastructure KUALA LUMPUR: Malaysia is seeking $3 million from the U.N. Green Climate Fund (GCF) to develop a national plan to adapt...
Adani Group nears first coal shipment from shunned Australian mine
Climate activists, concerned about carbon emissions and potential damage to Australia's Great Barrier Reef - both from global warming and dredging at Abbot Point port - brought several cases challenging government approvals for the mine Melbourne: India's Adani Group...
World economy now set to surpass $100 Trillion in 2022, India to become 3rd largest by 2031
British consultancy Cebr predicts India looks set to overtake France next year and then Britain in 2023 to regain its place as the world's sixth biggest economy, Cebr said Climate change will lower consumer spending by $2 trillion a year on average through 2036 as...
5,700 flights cancelled globally as Omicron hits Christmas weekend travel
"The nationwide spike in Omicron cases this week has had a direct impact on our flight crews and the people who run our operation," United said in a statement Friday Chinese airlines accounted for the highest number of cancellations, with China Eastern scrapping 1,000...
Global M&A activity smashes all-time records to top $5 trillion in 2021
"Corporate balance sheets are incredibly healthy, sitting on $2 trillion of cash in the U.S. alone -- and access to capital remains widely-available at historically low costs," said Chris Roop who co-heads North America M&A at JPMorgan Technology and healthcare,...
Global airline carriers scrap more than 2,000 flights – FlightAware
FlightAware said there had been 448 cancellations within, into, or out of the United States so far on Friday Global airline carriers have canceled more than 2,000 flights so far on Friday, the FlightAware website said, in an indication of how COVID-19 is affecting...
Sanlam looks for strategic partnership with Allianz in Africa
Allianz makes less than 500 million euros [US$564.1 million] in revenues from its African operations in 2020, but is looking to expand on the continent JOHANNESBURG – African insurer Sanlam Ltd. said on Wednesday it was exploring “strategic alternatives” with...
AstraZeneca vaccine booster works against Omicron, Oxford lab study finds
Scientists and governments are scrambling to bolster defences against Omicron with shots and therapies, as the variant threatens to become dominant globally and has prompted renewed curbs ahead of the holidays to contain infections. A three-dose course of...