World Economic Magazine

Climate change is hurting insurers, report says

Climate change is hurting the insurance industry and only 8% of insurers are preparing adequately for its impact, consultants Capgemini…

4 years ago

Exclusive: U.S. Treasury’s Yellen and trade czar Tai at odds over China tariffs

President Joe Biden will have to resolve a heated internal debate among his aides over whether to cut taxes on…

4 years ago

EXCLUSIVE Tesla puts India entry plan on hold after deadlock on tariffs-sources

Tesla Inc (TSLA.O) has put on hold plans to sell electric cars in India, abandoned a search for showroom space and reassigned…

4 years ago

Exclusive: Facebook-owner Meta tells hardware staffers to prepare for cutbacks

Facebook-owner Meta Platforms Inc (FB.O) is preparing cutbacks in its Reality Labs division, a unit at the center of the company's strategy…

4 years ago

Rolls-Royce boosted by return to flying and defence demand

Rolls-Royce (RR.L) traded in line with expectations in the first four months of the year, the engine manufacturer said on Thursday, helped…

4 years ago

Foreigners turn net buyers of Japanese stocks in week to May 6

Foreign investors were net buyers of Japanese stocks in the week ended May 6 as some investors scooped up shares…

4 years ago

EXCLUSIVE Ontario Teachers to invest up to $1 bln in Macquarie offshore wind unit

Major Canadian pension fund Ontario Teachers' Pension Plan has agreed to invest up to $1 billion in a new offshore…

4 years ago

Explainer: China’s Xiaomi battles probes in key India market

Chinese smartphone giant Xiaomi Corp (1810.HK) faces legal headaches in India as a federal financial crime-fighting agency and tax authorities investigate its…

4 years ago

Dollar hits two-decade high, rattled investors plump for safe haven

The dollar rose to fresh two-decade highs on Thursday as concerns that tighter monetary policies to tame surging inflation will…

4 years ago

Analysis: BOJ still a lone dove, but less so as global price pressures intensify

The Bank of Japan is dropping hints the recent rise in inflation may prove longer-lasting and driven by solid demand,…

4 years ago