Fitch made upward revisions to Brazil, India, Mexico, Indonesia,...
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World Bank signs financing agreements to strengthen Nepal’s health system
The program emphasizes improving the readiness of the health system...
Nepal earthquake kills at least 128, toll could rise, officials say
Officials feared the death toll in Friday's quake could rise as...
Investors dump emerging market stocks, hoard bonds amid coronavirus angst
-Investors pulled out $2.7 billion out EM stocks funds BofA’s latest data crunching showed. The sugar-rush into bond funds attracted another $18 billion last week taking the year-to-date count to $130 billion and translating into almost a trillion dollars on an annualised basis.
-That’s twice the record level seen in 2019.
Coronavirus on G20 agenda as China reports uptick in cases
Japan and Singapore are on the brink of recession and South Korea on Friday said its exports to China slumped in the first 20 days of February, with the outbreak upending global supply chains.
Coronavirus scare may erase $29 bn from global airlines’ revenue, says IATA
“These are challenging times for the global air transport industry. Stopping the spread of the virus is the top priority,” said Alexandre de Juniac, IATA’s Director General and CEO. “This will be a very tough year for airlines.” Analysts at Cowen, a US investment bank and financial services company, noted IATA might be underestimating the impact on Asia travel outside of China, noting the recent reports of dozens of cases in South Korea.
Boeing failure to fix 737 Max cockpit light may draw FAA penalty
The fines could accrue quickly. The agency’s enforcement guidelines say large businesses such as Boeing can be assessed $3,000 to more than $34,000 per violation. That could be applied to each of the more than 300 planes on which the alert didn’t work.
Yawning digital gap between high and low income Commonwealth countries
In fact, just six members – the United Kingdom, Canada, Australia, India, Singapore and Malaysia – account for 85 per cent of total online sales to customers, worth US$354 billion in 2015. The same six make up 98.8 per cent of the Commonwealth’s total high-tech exports.
Chubb’s Scott Gunter is appointed CEO of AXA XL
Scott brings over 30 years of experience, a strong track record in commercial insurance, underwriting and profound knowledge of the North American market. Prior to his last role as president of Chubb’s North America Commercial Insurance division, Scott held several global positions within Chubb, including Chief Underwriting Officer.
Google updates terms in plain language after EU scrutiny
Google, Facebook, Twitter and other digital companies have been forced under a spotlight as regulators and customers examine just how much the companies know about their users and what they do with that information.
Google users in UK to lose EU data protection due to Brexit: Report
Google has decided to move its British users out of Irish jurisdiction because it is unclear whether Britain will follow GDPR or adopt other rules that could affect the handling of user data, the people said.
UK watchdog to scrutinise how companies, auditors calculate climate risk
“Tackling climate change has implications across the board, including on corporate reporting,” Valdis Dombrovskis, the Commission’s Executive Vice-President for an Economy that Works for Peoples, said.
World Bank Pandemic Bond losing value, facing criticism as Coronavirus spreads
In the case of a coronavirus outbreak for the Class B notes, this is 84 days from when the World Health Organization (WHO) publishes its first “situation report.” In the current outbreak, that would be in mid-April.