How Climate Change Doubled the Likelihood of Recent European Floods: A Deep Dive into Storm Boris and Global Implications
Storm Boris’ devastating floods in Europe highlight how climate change doubles the risk of extreme weather, urging stronger adaptation and climate action.
How sanctions complicated day-to-day banking for Russians
Financial sanctions against Russia have strangled its banks’ profits and wrecked many lenders’ international operations, but one year after Moscow sent its troops into Ukraine how much do they matter for average Russians?
Exclusive: KLA to stop sales and service to China to comply with U.S. export curbs
U.S. chip toolmaker KLA Corp will cease offering some supplies and services from Wednesday to China-based customers including South Korea’s SK Hynix in compliance with recent U.S. regulations, a source familiar with the situation said on Tuesday.
JPMorgan’s profit more than doubles despite trading slump
JPMorgan Chase & Co (JPM.N) reported a 155% jump in profit on Tuesday, getting a boost from the release of loss reserves and a surge in dealmaking, even as the largest U.S. bank dealt with a sharp slowdown in trading activity from last year’s record-breaking levels.
Yellen urges EU to back global tax deal, consider more fiscal support
BRUSSELS, July 12 (Reuters) – U.S. Treasury Secretary Janet Yellen urged European Union countries on Monday to sign on to a global deal to revamp corporate taxation, keep fiscal support through 2022 and consider more spending in the face of COVID-19 uncertainty. “We need sustainable sources of revenue that do not rely on further taxing […]
Australia’s Sydney and Darwin in COVID-19 lockdowns
Sydney began a two-week lockdown on Sunday as a cluster of cases of the highly infectious coronavirus Delta variant rose to 110 in Australia’s largest city, while an outbreak in the northern city of Darwin prompted a hard two-day stay-at-home order.
Iran says nuclear site images won’t be given to IAEA as deal has expired
The speaker of Iran’s parliament said on Sunday Tehran will never hand over images from inside of some Iranian nuclear sites to the U.N. nuclear watchdog as a monitoring agreement with the agency had expired, Iranian state media reported.
Vietnam business hub Ho Chi Minh City to enact social distancing
Vietnam’s business hub Ho Chi Minh City will begin social distancing measures for 15 days starting from May 31 in an effort to curb the spread of COVID-19, the country’s government said on Sunday.
The pandemic’s impact on government budgets calls for renewed commitment to the SDGs
By Hyun H. Son, Véronique Salze-Lozac’h COVID-19 has brought unprecedented economic and development challenges but it also offers opportunities for financing solutions to help achieve the Sustainable Development Goals. As countries continue to battle COVID-19, massive fiscal stimulus packages have helped save lives and protect livelihoods in many economies. However, they have come with a hefty price […]
China bans financial, payment institutions from cryptocurrency business
China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative crypto trading.
