Europe’s banks face less threat from some of the problems now showing in the commercial real estate markets than their U.S. counterparts, analysts at JPMorgan have said. Economists are worried commercial property could be the next shoe to drop if problems in global banking markets trigger a broader credit crunch for the multi-trillion-dollar sector that […]
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The European Union has agreed to allow retaliation against countries that put undue economic pressure on EU members to change their policies, such as the trade restrictions the bloc says China has imposed on Lithuania. Representatives of the European Parliament and the Council, the grouping of EU countries, reached a provisional deal on the anti-coercion […]
The Internet is a part of our identity. Technological developments in the digital sphere have transformed every aspect of our lives, including shopping, working together with colleagues, staying in contact with friends, entertainment, and money management. Since the inception of the Internet, identity management has been a major issue, with billions of dollars being spent […]
Canadian Finance Minister Chrystia Freeland on Tuesday will present this year’s budget, which will have a major focus on scaling up investment in clean technology and will include investments in healthcare and help for low-income households. Countries across the globe are vying for a portion of the low-carbon economy of the future. In Canada, there’s […]
Germany’s antitrust regulator is reviewing Microsoft’s market power in a move that could lead to an investigation of the U.S. tech giant’s business practices and potential bans if they are found to damage competition. The Bundeskartellamt said it would decide whether Microsoft should be designated as a company “of paramount significance for competition across markets”. […]
The insurance industry is undergoing a transformative shift driven by the rapid adoption of artificial intelligence (AI) technologies. The integration of AI into insurance processes is revolutionizing traditional methods, leading to more efficient, accurate, and customer-centric services. Traditionally, the insurance sector relied heavily on human expertise, manual underwriting, and time-consuming claims processing. However, the advent […]
The European Union plans to conduct early carbon market auctions, starting from July, to raise extra funds to help countries quit Russian gas and cut emissions, the European Commission said on Monday evening. The EU plans to raise 20 billion euros ($21.62 billion) in grants from its carbon market, with 8 billion euros of that […]
A group of climate activists has called on 30 insurance company CEOs to “immediately” stop underwriting new fossil fuel projects in the wake of a stark climate warning from U.N. scientists, a letter, seen by Reuters, showed. Insure our Future, a global consortium of activists, said it sent the letter dated March 21 to companies […]
Australian Treasurer Jim Chalmers will convene a meeting of the country’s top financial regulators to check how the latest volatility in global financial markets could affect the country, an official in the treasurer’s office said on Tuesday. Australia’s Council of Financial Regulators (CFR) will meet on Thursday after Chalmers discussed the latest market turmoil in […]
The European Union on Tuesday reached a provisional deal on the deployment of more service stations for cars running on electricity and alternative fuels as the bloc seeks to reduce the carbon footprint of its transport sector. “The agreement will send a clear signal to citizens and other stakeholders that user-friendly recharging infrastructure and refuelling […]