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International News

Nasdaq to buy financial fraud detection firm Verafin for $2.75 billion

“The problem of detecting money laundering and fraud hasn’t been solved very well yet,” Valerie Bannert-Thurner, senior vice president and head of sell-side and buy-side solutions, market technology at Nasdaq, said in an interview. “With our acquisition we are doubling down on our belief this as an area that is being disrupted and where we can have a big impact.”
Up to $2 trillion is laundered globally each year, representing up to 5% of global GDP, according to the United Nations.

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Global economy recovering, but may be losing momentum, says IMF chief Kristalina Georgieva

While fiscal spending of nearly $12 trillion and monetary policies had averted even worse outcomes, poverty and inequality were increasing, and more support was needed, the IMF said.

New outbreaks and more stringent mobility restrictions, and delays in vaccine development and distribution could reduce growth, increase public debt and worsen economic scarring.

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Wildlife diseases poised to spread northwards as climate changes: study

The study projects increasing spread over the next five decades of wildlife diseases caused by bacteria, fungi, viruses and infectious worms. There are serious implications for humans, said co-author Jason Rohr of the University of Notre Dame, Indiana.

“We do know that 75% of emerging infectious diseases have a wildlife origin,” said Rohr, who runs an ecology and public health lab at Notre Dame. “We should be concerned for our own health when we see studies suggesting that there could be increases in infectious disease in wildlife.”

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Contract clarity could drive insurance growth:Morgan Stanley

“If you’re very crystal clear about what’s being excluded it creates an opportunity to then provide another product that specifically covers something that otherwise would be carved out. At least people would understand what’s in and what’s out,” Chasin said.

He acknowledged that too many exclusions also present problems, referencing cyber insurance as an area of focus in this regard.

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