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Losses from China disasters reach $42 billion in first nine months of 2023

by AIP Online Bureau | Oct 10, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance

The emergency management ministry unveiled the unprecedented toll wrought on the nation of 1.4 billion by calamities that ranged from sandstorms to rains that brought massive flooding and historic rainfall in Beijing, the capital BEIJING: China suffered direct...
IMF raises India’s GDP growth forecast marginally to 6.3 pc for FY24

IMF raises India’s GDP growth forecast marginally to 6.3 pc for FY24

by AIP Online Bureau | Oct 10, 2023 | Eco/Invest/Demography, Indian News, Policy

‘Growth in India is projected to remain strong, at 6.3 per cent in both 2023 and 2024, with an upward revision of 0.2 percentage point for 2023, reflecting stronger-than-expected consumption during April-June,” the ‘World Economic Outlook’...
Treasury’s Yellen says US overdependent on China for critical supply chains

Treasury’s Yellen says US overdependent on China for critical supply chains

by AIP Online Bureau | Oct 5, 2023 | Eco/Invest/Demography, Policy, Risk Management, Technology

U.S. Treasury Secretary Janet Yellen The U.S. would face national security concerns without a robust semiconductor sector of its own, she said, adding that last year’s Chips and Science Act will help reverse that trend. U.S. Treasury Secretary Janet Yellen said...

China to waive security checks for some data exports

by AIP Online Bureau | Sep 30, 2023 | Eco/Invest/Demography, International News, Policy, Regulation, Risk Management, Technology

The Cyberspace Administration of China (CAC) said it was considering waiving data export security assessments for activities such as international trade, academic cooperation, cross-border manufacturing and marketing that do not contain personal information or...

Chinese police detain staff of Evergrande wealth unit

by AIP Online Bureau | Sep 19, 2023 | Eco/Invest/Demography, International News, Regulation, Wealth Management/ Philanthropy

The detentions come as China started a campaign against illegal fundraising to protect consumers. Li Yunze, head of China’s National Administration of Financial Regulation, vowed in a Friday speech to deal with a number of major cases to protect the rights and...
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