WORLD


Of course, you know what OMG means, but "One World, One Sun, One Grid"?   It means powering the whole world with solar electricity through a unified electric grid.   You may already be aware that only a small fraction of the earth’s land surface is sufficient space for...

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El Nino is on the horizon, which can lead to severe heat waves and droughts in many countries, including India, and could take a US$3trn (trillion) toll on the global economy, new research published in the journal Science has warned.   El Nino, the band of warm ocean water that spans...

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J David McSwane  and   Ryan Gabrielson 16 May 2023
This story was originally published by ProPublica.   Beers family members built a “conglomerate” by selling a Christian alternative to traditional health insurance. They are now scrambling for cash, even though they received millions in PPP loans that were later...

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Carl Icahn, a legend of Wall Street, has made a classic mistake of taking on too much leverage in the face of sustained losses: a combination that rarely ends well, Hindenburg Research said in a new research.   Mr Icahn has been using money taken in from new investors to pay out...

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US media giant Fox News will pay $787.5 million to settle a defamation case with Dominion Voting Systems, a voting technology company, over allegations that it "knowingly and recklessly" aired false claims tying the company's machines to conspiracies about 2020 Presidential...

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After he made history as the first former US President to be arrested, former President Donald Trump was hit with 34 serious criminal charges relating to hush money allegedly paid to three people.   Appearing in the New York State Supreme Court on Tuesday, he pleaded not guilty -- a...

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Alibaba founder Jack Ma, who has rarely been seen in public in the past three years, has resurfaced at a school in China's Hangzhou, media reports said.   The 58-year-old has kept a low profile since criticising China's financial regulators in 2020.   Ma was the most...

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The US Federal Reserve on Wednesday raised interest rate by 25 basis points, which is modest compared to previous hikes aimed at curbing inflation but came amidst uncertainty about the banking system that has taken a hit in the last few weeks triggering fears of a larger...

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Lenders of last resort—central banks—and some of the industry's strongest players provided huge sums of emergency cash to support teetering banks since the global banking crisis began, according to a media report.   More than US$400bh (billion) has gone so far in direct central bank...

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As India's healthcare system is finding it harder to cope with the rising Covid-19 cases due to the second wave of the pandemic, the American government has advised its nationals to return to the US.   The Department of State issued the highest level travel advisory asking US citizens...

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Moneylife Digital Team 10 September 2020
Standard Chartered (StanChart) has been ordered to pay $1.1billion (about £842m) by the authorities from US and UK to settle allegations of poor controls on money-laundering and breaching sanctions against countries including Iran, say reports.   According to a report from UK's The...

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Moneylife Digital Team 18 August 2020
“You know there are companies that are good at one or the other (innovation or marketing). But that is not enough, because if you’re good only at marketing, the problem is customers will change, they will have new wants…you need innovation to prepare new things to meet the same customers...

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Moneylife Digital Team 27 May 2020
The economic fallout from the coronavirus crisis continues to broaden and deepen but Fitch Ratings says its forecasts are starting to show some signs of stabilisation. Activity levels should start to rise in the months ahead, provided that a sharp resurgence in virus cases is avoided as...

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Economic distress and social discontent will rise over the next 18 months unless there are efforts to manage the fallout of the Covid-19 pandemic, World Economic Forum (WEF) has said.   These are the findings of Covid-19 outlook report published on Tuesday by the World Economic Forum...

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As the world deals with the coronavirus crisis, the Managing Director of International Monetary Fund (IMF), Kristalina Georgieva has said that the world may face the worst economic fallout since the Great Depression of the 1930s.   In her latest address on Thursday, she said that the...

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Moneylife Digital Team 07 April 2020
The rapid deterioration in the global sovereign rating outlook due to the coronavirus outbreak and sharp fall in oil prices makes additional multi-notch downgrades likely over the rest of this year, says Fitch Ratings.   In a research note, the ratings agency says, "While we endeavour...

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As global recession seems inevitable with demand shock becoming much larger than the initial supply shock, governments must ensure that workers get paychecks and firms receive enough cash flows to avoid bankruptcy, else the present health crisis will turn into a mega financial crisis within...

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Moneylife Digital Team 28 January 2020
The outbreak of corona virus in China, although in its ascending phase, may threaten global recovery, especially considering that the 2003 severe acute respiratory syndrome (SARS) outbreak cost the world $57 billion (at current price level), says a research note from State Bank of India...

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The European Union's antitrust regulators on Wednesday fined Google 1.49 billion euros ($1.7 billion) for abusing its dominance in the online search market by blocking rivals.   Google has abused its market dominance by imposing a number of restrictive clauses in contracts with...

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IANS 20 December 2018
Nissan Motor Co.'s former Chairman Carlos Ghosn moved closer to being released on bail after a Japanese court on Thursday rejected a request by prosecutors to extend his detention.   Ghosn's arrest in Tokyo last month on allegations of financial misconduct rocked the global car...

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