Eco/Invest/Demography

Big victory for Johnson and Conservatives clears way for quick Brexit

International News       Dec 13, 2019

  London: Britain was speeding towards Brexit on Friday after Prime Minister Boris Johnson won a crushing election victory, ending three years of uncertainty since the country decided to leave the bloc.   Exiting the European Union, a goal Johnson has pursued relentlessly since he put himself...

Surging gold prices in India are keeping customs officials on their toes

Indian News       Dec 13, 2019

  New Delhi:. Illegal inflows have jumped after the Indian government increased import taxes in July and prices surged to record highs in September. Customs officials have arrested people for attempting to smuggle in gold by concealing it in bags, clothes and their rectums. On one...

Weinstein,insurers,accusers have reached tentative $47 mn settlement

International News       Dec 12, 2019

  Harvey Weinstein, the disgraced film mogul charged with rape, reached a tentative $47 million settlement with accusers, potentially putting an end to many of the civil complaints against him, according to a person with knowledge of the situation.   The money would be paid by Weinstein...

North Korean hackers working with Eastern European cybercriminals: Report

International News       Dec 12, 2019

  North Korean state-backed hackers appear to be cooperating with Eastern European cybercriminals, a report said Wednesday, a finding that suggests digital gangsters and state-backed spies are finding common ground online.   Mountain View, California-based SentinelOne says that the Lazarus Group — which American prosecutors accuse of...

AXA XL announces Collaboration with Slice Labs and Microsoft to Improve Cyber Risk Management

International News       Dec 12, 2019

  NEW YORK: AXA XL, the P&C and Specialty Risk Division of global insurer AXA, Slice Labs Inc. (Slice), the leader of on-demand insurance cloud technology, and Microsoft will work together to help improve cyber health and mitigate risks for Microsoft 365 Business, Office 365 Business...

U.S. regulator homes in on climate risks to U.S. markets

International News       Dec 12, 2019

  SAN FRANCISCO: The first public report on climate-related risks to financial markets ever commissioned by a U.S. market regulator will be out in June, the head of the group charged with writing it said on Wednesday.   The report, by a 35-member panel formed last month...

Calpers says one-fifth of public holdings exposed to climate risk

International News       Dec 11, 2019

SAN FRANCISCO: About one-fifth of the California Public Employees’ Retirement System public markets portfolio is exposed to potential losses from climate change, the $381 billion pension fund manager reported this week in its first ever climate-risk disclosure report.   The report, mandated by a state law...

Boeing 737 MAX Planes to Remain Grounded Rest of This Year: FAA

International News       Dec 11, 2019

  Federal Aviation Administration (FAA) chief Steve Dickson confirmed Wednesday the agency will not allow Boeing Co.’s grounded 737 MAX, involved in two fatal crashes in five months, to resume flying before the end of 2019. Dickson told CNBC in an interview ahead of his testimony...

S&P ratings sees debt downgrade for India if economic slide continues

Indian News       Dec 11, 2019

  Mumbai: Sovereign bonds slid after the report, with the yield on the benchmark 10-year note rising 5 basis points to 6.76 per cent.   The rating company said it expects the economy to gradually recover over the next few years with correspondingly higher growth.   ”If this...

Climate regulations could disrupt investment strategies

International News       Dec 10, 2019

  Tighter government climate regulations by 2025 could wipe up to $2.3 trillion off the value of companies in industries ranging from fossil fuel producers to agriculture and car makers, an investor group warned in a report. Rules aimed at lowering carbon emissions are expected to...

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