International News

Enforcement against foreign bribery down sharply since 2018 - group

Risk Management       Oct 13, 2020

WASHINGTON: Active enforcement against foreign bribery has dropped sharply since 2018, and three places - China, Hong Kong and India - did not open a single foreign bribery investigation from 2016 to 2019, a new report by watchdog Transparency International found. The report, released Tuesday,...

U.N. chief urges development banks to stop financing fossil fuel projects

LONDON: United Nations Secretary-General Antonio Guterres on Monday urged development banks to stop backing fossil fuel projects, raising the pressure on the state-backed lenders ahead of a climate change summit France is hosting next month. Environmental campaigners have for years been demanding publicly-listed commercial banks...

Solar the new 'king of electricity' as renewables make up bigger slice of supply: IEA

  PARIS:  Solar output is expected to lead a surge in renewable power supply in the next decade, the International Energy Agency said, with renewables seen accounting for 80% of growth in global electricity generation under current conditions.In its annual World Energy Outlook on Tuesday, the...

 Asia-Pacific countries begin to ease pandemic-related travel bans, but hurdles remain

SYDNEY: Asia-Pacific countries including Singapore, Australia, Japan and Thailand are gradually easing some international travel restrictions as coronavirus cases slow, in hopes of helping to revive their economies.International travel in Asia has collapsed during the pandemic because of border closures, with passenger numbers down 97%...

J&J pauses COVID-19 vaccine trials due to unexplained illness in participant

Johnson & Johnson JNJ.N said on Monday it had temporarily paused its COVID-19 vaccine candidate clinical trials due to an unexplained illness in a study participant, delaying one of the highest profile efforts to contain the global pandemic. The participant's illness is being reviewed and...

 U.S. Olympics suing insurers for holding up Nassar settlement talks

  The United States Olympic and Paralympic Committee (USOPC) said on Friday it has filed a lawsuit against its insurance providers for failing to fulfill obligations in reaching a settlement with survivors of the Larry Nassar sexual abuse scandal.Committee Chair Susanne Lyons, speaking on a conference...

Container shipping group CMA CGM resumes online services after cyber attack

  LONDON: CMA CGM, the world’s fourth-largest container shipping group, said it has restored its online business services after a cyber attack last month paralysed activity. France-based CMA CGM first reported the incident on Sept 28, saying it had shut down access to its online services...

Climate change poses 'profound threat' to global growth: IMF chief

  WASHINGTON:  Climate change poses a serious threat to global growth, the head of the International Monetary Fund said on Monday, urging the world’s top emitters to agree on a floor for carbon prices. IMF Managing Director Kristalina Georgieva told finance ministers meeting on climate change...

Natural disasters surge in past 20 years, likely to continue to wreak havoc: U.N.

GENEVA: Extreme weather events have increased dramatically in the past 20 years, taking a heavy human and economic toll worldwide, and are likely to wreak further havoc, the United Nations said on Monday.Heatwaves and droughts will pose the greatest threat in the next decade, as...