The European Central Bank said lenders in the region will have to estimate the risk they could face from climate change in both their lending and trading operations when they undergo a stress test next year.
Banks will have to predict how their balance sheets will evolve over 30 years as well as any related losses they could face in the transition to a more sustainable economy, according …
Read more
Technology giants are drawing protests as they aggressively try to shape a new US trade deal with Australia, South Korea and other members of the Indo-Pacific region that account for 40% of global economic output.
Activists, alarmed by the involvement of corporations in drafting the Indo-Pacific Economic Framework, have started a campaign to limit their role in writing the digital chapter…
Read more
(To receive weekly emails of conversations with the world’s top CEOs and business decisionmakers, click here.)
At the age of 98, former Secretary of State Henry Kissinger has a whole new area of interest: artificial intelligence. He became intrigued after being persuaded by Eric Schmidt, who was then the executive chairman of Google, to attend a lecture on the topic while a…
Read more
The lunchtime rush is just bubbling at Kedai Kopi hawker center in Singapore’s Clementi neighborhood when Anthony Tan strolls in. The co-founder and CEO of the ride-hailing firm Grab orders himself a Horlicks malt drink, sits at a Formica table, and takes a sweep of the bustling vendors. One catches his eye: a stall selling nasi lemak, the signature Malay dish of fragrant rice cook…
Read more
The crime thriller Luther: The Fallen Sun—starring Idris Elba in the titular role as former Detective Chief Inspector (DCI) John Luther—is dark and rich, much like the hit BBC show on which it is based.
The film, in select theaters on Friday and streaming on Netflix on March 10, follows Luther’s fall from grace and arrest, subsequent jailbreak, and pursuit of Davi…
Read more
On Aug. 15, 2004, the United States suffered sports humiliation, on the most global of stages. At the Athens Olympics, Puerto Rico trounced the American men’s basketball team, 92-73, the preliminary round opener. For the first time, the U.S. men’s team lost in Olympic competition while suiting up NBA players; pros like Michael Jordan, Larry Bird and Magic Johnson first played in the…
Read more
Over steaming hot plates of tteokbokki (simmered rice cakes), Gil Boksoon (Jeon Do-yeon) vents to her boss about her daughter.
“She used to follow me around when I came home, and she’d tell me about school, even what they had for lunch that day,” Boksoon says. “Now she’s always in her room with the door closed. She has all these secrets.”
It sound…
Read more
U.S. inflation decelerated in July by more than expected, reflecting lower energy prices, which may take some pressure off the Federal Reserve to continue aggressively hiking interest rates.
The consumer price index increased 8.5% from a year earlier, cooling from the 9.1% June advance that was the largest in four decades, Labor Department data showed Wednesday. Prices were unchanged from…
Read more
It’s been a difficult year for the U.S. economy. While consumer spending remains strong, and there are nearly twice as many open jobs as people looking for work, inflation is at its highest level in decades.
But the Federal Reserve, which sets the nation’s monetary policy, took another step in its attempt to curb those economic strains on Wednesday by raising interest rates th…
Read more
The public has watched Demi Lovato undergo many different reinventions over the course of her career. She started out as a Disney darling on Sonny With a Chance and a few Disney Channel Original Movies like Camp Rock and Princess Protection Program. In 2008, she released her debut album, Don’t Forget—a pop-rock record that featured her powerhouse…
Read more