With climate change posing an even bigger risk, the ECB must keep this issue high on its agenda as it reviews its policy framework, Schnabel told Reuters in an interview.

“Climate change is probably the biggest challenge we are facing, much bigger than the pandemic,” Schnabel said.

“Even though this health shock was entirely unrelated to monetary policy, it nevertheless has huge implications for monetary policy,” she said. “The same is true for climate change and this is why central banks cannot ignore it.”

Tesla targeted in failed ransomware extortion scheme

Aug 30, 2020

According to the billionaire, the scheme took aim at the electric car company’s 1.9 million-square-foot factory in Sparks, Nevada, which makes batteries for Tesla vehicles and energy storage units.

This was a serious attack, Tesla CEO Elon Musk tweeted Thursday night, responding to a Tesla blog post that detailed the brazen scheme.

Global COVID-19 cases cross 25 million as India sets grim record

Aug 30, 2020

The official number of global coronavirus cases is now at least five times the number of severe influenza illnesses recorded annually, according to World Health Organization data.

Around the world, there have been more than 840,000 deaths, considered a lagging indicator given the two-week incubation period of the virus. That has exceeded the upper range of 290,000 to 650,000 annual deaths linked to influenza.

Afghanistan flash floods kill 160, search for bodies continues

Aug 30, 2020

Thirteen provinces, mostly in the country’s north, had been affected by floods, according to the Ministry for Disaster Management.

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