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China Cyber Security Law Criticized by Global Industry Groups

China Cyber Security Law Criticized by Global Industry Groups

“Deep concerns” were expressed to the Chinese government about a new cyber security law which, according to analysts and industry experts, would likely increase the separation between China and the rest of the world economy. The concerns were more than 40 international business and technology...
In Singapore 1MDB-Linked Case, Ex-BSI Banker Yak Found Guilty

In Singapore 1MDB-Linked Case, Ex-BSI Banker Yak Found Guilty

The first person to be found guilty in a Singapore case linked to 1Malaysia Development Bhd is Yak Yew Chee, a former BSI SA private banker. And in the global corruption and money laundering probes surrounding the Malaysian investment fund, he also became the first banker to be convicted.  ...
Why a Move of Getting Tough on China Could Backfire for Trump

Why a Move of Getting Tough on China Could Backfire for Trump

The long-term implications of a tough stand against China would be detrimental to U.S. interests even though getting tough on China to placate some of the frustrations of the U.S. electorate would be tempting for president-elect Donald Trump, warned an academic while talking to...
With Oil in 2017 if no OPEC Cut, IEA sees Global Market Awash

With Oil in 2017 if no OPEC Cut, IEA sees Global Market Awash

While escalating production from exporters around the globe could lead to relentless supply growth, the International Energy Agency is of the view that the oil market surplus may run into a third year in 2017 without an output cut from OPEC.   Led by record OPEC output and rising production...
M&A Bankers Being Quietly Shifted to Frankfurt Ahead of Brexit by Some Banks

M&A Bankers Being Quietly Shifted to Frankfurt Ahead of Brexit by Some Banks

Boosting Frankfurt chances of being one of the financial centers to benefit most from Britain's vote to leave the European Union, global banks are quietly building up their investment banking teams in Frankfurt as the German deals market hots up.   Banks have been prompted to base...
In Face of Overseas Opposition, China Adopts Cyber Security Laws

In Face of Overseas Opposition, China Adopts Cyber Security Laws

While triggering concerns among foreign business and rights groups, a controversial cyber security law to counter what Beijing says are growing threats such as hacking and terrorism, was adopted by China on Monday.   A Chinese parliament official said that the legislation is an "objective...
Banking Standards, Proposed by Global Bank Regulator, Demanded to be Softened by the EU

Banking Standards, Proposed by Global Bank Regulator, Demanded to be Softened by the EU

In an effort to protect lenders and the economy from major new costs, the European Union is raising the pressure on global banking regulators to ease proposed capital rules.   A chorus of resistance from EU regulators and policy makers including German Finance Minister Wolfgang Schaeuble...
Might of Global Currency Markets Being Battled by Switzerland

Might of Global Currency Markets Being Battled by Switzerland

The Swiss National Bank hasn’t stopped capping its currency even though it may have abandoned its currency cap.   According to Bank of America Corp. and the wealth-management unit of UBS Group AG, policy makers defending a de facto franc limit more than 10 percent stronger than the...
Megabanks Prodded to Offshore Wind Loans due to Japan’s Negative Rates

Megabanks Prodded to Offshore Wind Loans due to Japan’s Negative Rates

As negative interest rates at home prompt Japan’s biggest banks to search for stronger yields abroad, two of Japan’s biggest banks are redoubling their efforts to lend to the renewable energy industry.   According to data compiled by Bloomberg New Energy Finance for its conference in...
EY says Brexit Blamed for Nearly a third of UK Profit Warnings in Q3

EY says Brexit Blamed for Nearly a third of UK Profit Warnings in Q3

According to professional services firm, EY, which says the full effect has yet to feed through to many other companies, nearly a third of the 68 British companies that issued profit warnings in the third quarter have put the blame on Brexit.   EY's Head of...
With Russia Still on Board, OPEC Meets Non-OPEC Nations for Oil Talks

With Russia Still on Board, OPEC Meets Non-OPEC Nations for Oil Talks

Aiming to build support for an OPEC plan to reduce output one day after OPEC members were unable to agree on how to implement the deal, officials from OPEC and non-member oil producing countries met on Saturday.   Only the representative of non-OPEC Azerbaijan made comments supportive of the...
Ahead of China Trip, Rhetoric Raked up on Takeovers by German Minister

Ahead of China Trip, Rhetoric Raked up on Takeovers by German Minister

German Economy Minister Sigmar Gabriel said on Saturday that while protecting its own companies against foreign takeovers with "discriminatory requirements", China is strategically buying up key technologies in Germany.   After having ratcheted up tensions with Beijing by putting the brakes...
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World

Methane Emissions From Tropical Wetlands: A Growing Threat To Global Climate Goals

Methane Emissions From Tropical Wetlands: A Growing Threat To Global Climate Goals
Tropical wetlands, long known for their ability to absorb vast amounts of carbon, are now emerging as a major contributor to methane emissions, significantly complicating global efforts to tackle...

Conflict-Affected Nations Demand Urgent Climate Funding At COP29

Conflict-Affected Nations Demand Urgent Climate Funding At COP29
As COP29 unfolds in Azerbaijan, conflict-affected nations are making a unified call to double climate funding to over $20 billion annually by 2026. This demand comes against the backdrop of...

Trump’s Return To Office Could Shift Global Geopolitics: Putin Holds Firm On Ukraine, While Other Conflicts Face Uncertain Future*

Trump’s Return To Office Could Shift Global Geopolitics: Putin Holds Firm On Ukraine, While Other Conflicts Face Uncertain Future*
As former U.S. President Donald Trump prepares to re-enter the White House, the geopolitical landscape is bracing for significant shifts. Russian President Vladimir Putin has publicly expressed his...

World Bank's Record Climate Finance: Implications For Global Development

World Bank's Record Climate Finance: Implications For Global Development
The World Bank Group announced on Thursday that it delivered a record $42.6 billion in climate finance during fiscal 2024, marking a significant 10% increase from the previous year's $38.6 billion....

Ukraine's Bold Kursk Incursion Shakes Russian Defense And Alters War Dynamics

Ukraine's Bold Kursk Incursion Shakes Russian Defense And Alters War Dynamics
Ukraine's recent incursion into Russian border territory has caused significant upheaval, revealing internal challenges within Russia's military and strategic command. This unexpected operation,...

People

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls
Republican nominee and former U.S. President Donald Trump announced on Thursday that he would not participate in a third presidential debate against his Democratic rival, Vice President Kamala...

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals
Vice President Kamala Harris on Friday presented a comprehensive economic policy agenda aimed at countering criticisms from Republicans and addressing key middle-class concerns. Speaking in Raleigh,...

Musk Gives To An Organisation That Supports Trump's Election: Bloomberg

Musk Gives To An Organisation That Supports Trump's Election: Bloomberg
According to a Bloomberg story quoting sources, billionaire Elon Musk, who has been criticising US President Joe Biden more and more, has contributed to a political organisation that aims to elect...

New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age

New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age
A recent study challenges the widely held belief that school bullies would eventually get their comeuppance by indicating that they are likely to end up with greater earnings. The Institute for...

In A New York Corporate Fraud Lawsuit, Trump Slapped Fines And Interest Of $454 Million

In A New York Corporate Fraud Lawsuit, Trump Slapped Fines And Interest Of $454 Million
A New York judge ruled in the former president's civil business fraud trial on Friday, ordering him to pay a total of approximately $454 million in penalties.   According to an attorney...