An estimated 300 people have died in extreme flooding across parts...
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China plans infusing $29 billion of capital into large insurers
The proceeds will be injected into state-controlled firms including...
Geopolitical tensions raise emerging market credit risks in 2026
``Potential pressures stemming from geopolitical events are among...
EU seeks to streamline ESG regulations amid growing backlash
Asset managers have cautioned against letting streamlining morph into outright deregulation, which they worry would reduce the corporate transparency on which they rely to make ESG allocations The next European Commission will urgently seek to streamline the bloc’s...
China state media warn Trump against mutually destructive tariff war
Economists have begun downgrading their growth targets for China’s $19 trillion economy for 2025 and 2026 in anticipation of further tariffs promised by Trump during the election campaign, and are warning Americans to brace for an increase in the cost of living. “For...
Social media ban for children under 16 becomes law in Australia
The law will make platforms including TikTok, Facebook, Snapchat, Reddit, X and Instagram liable for fines of up to 50 million Australian dollars ($33 million) for systemic failures to prevent children younger than 16 from holding accounts Canberra: With bipartisan...
ADB expands support for Philippines’ Climate Action with $500 million loan
In recent weeks, four strong typhoons impacted the Philippines one after the other, highlighting the country’s vulnerability to increased frequency and intensity of extreme weather events. Economic damages from climate-related disasters could be as high as 7.6% of...
DHL cargo plane crashes near Vilnius Airport, One killed
“We see a more aggressive Russia, foreign partners have also spoken about it publicly, speaking about threats of sabotage acts. We can’t reject this scenario, but so far we can’t make any attributions or point fingers at anyone because there’s no such information.”...
Oak Reinsurance launches Syndicate 2843, receives Lloyd’s nods to underwrite
OAK Re is launching Syndicate 2843 in collaboration with blue chip capital providers including Bain Capital and Hampden Agencies, the largest provider of private capital to Lloyd’s. Polo Managing Agency is providing turnkey services for Syndicate 2843 LONDON: Oak...
Social media platforms urge Australia to delay ban on children under 16
The legislation would impose fines of up to 50 million Australian dollars ($33 million) on platforms for systemic failures to prevent young children from holding accounts. It seems likely to be passed by Parliament by Thursday with the support of the major parties.It...
S&P cuts India’s GDP growth forecast marginally for FY26 FY27
"In India we see GDP growth easing to 6.8 per cent this fiscal year as high interest rates and a lower fiscal impulse temper urban demand. While purchasing manager indices (PMIs) remain convincingly in the expansion zone, other high-frequency indicators indicate some...
CCI rejects Apple’s request to put antitrust report on hold
The Competition Commission of India (CCI) in August ordered a recall of investigation reports after Apple said the watchdog had disclosed commercial secrets to competitors in the case dating back to 2021, including Tinder-owner Match New Delhi: India's antitrust body...
Developing nations blast $300 billion COP29 climate deal as insufficient
The showdown over financing for developing countries comes in a year scientists predict will be the hottest on record. Climate woes are stacking up, with widespread flooding killing thousands across Africa, deadly landslides burying villages in Asia, and drought in...