Tech News

World Bank chief Malpass says won't quit over climate denial row

World Bank President David Malpass said Friday he had no plans to stand down, as he battles charges of climate denial for dodging questions on the role of man-made emissions in global warming.. Pressed on stage to respond to a claim by former US vice president Al Gore that he was a climate denier, Malpass declined multiple times to say whether he believed man-made emissions were warming the planet -- responding, "I'm not a scientist."

Fri, Sep 23, 2022 1 mins read

Tech News

Germany's Scholz to visit Gulf states on energy hunt

German Chancellor Olaf Scholz will on Saturday begin a two-day tour of Gulf states, including Saudi Arabia, in the hope of sealing new energy deals with the fossil fuel exporters.. The chancellor hopes to agree new energy partnerships with the oil- and gas-rich Gulf states, with the loss of Russian supplies in the wake of the invasion of Ukraine.

Fri, Sep 23, 2022 2 mins read

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UK axes EU-inherited cap on banker bonuses

Britain on Friday axed a cap on bankers' bonuses aimed at boosting London's finance sector after Brexit, raising anger amid a cost-of-living crisis.. Finance minister Kwasi Kwarteng removed an EU-inherited policy that limits bankers' bonuses at twice the basic salary. 

Fri, Sep 23, 2022 2 mins read

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Why 'Monkey Island' creators returned to 1990s classic game

When Ron Gilbert and Dave Grossman first let loose their swords, voodoo and pirates epic "The Secret of Monkey Island", it was sold on floppy disks and released for long-forgotten home PCs like the Amiga.. "I think there's unfinished business for Guybrush because he never found the secret, and I think there's unfinished business for Dave and I as well," said Gilbert.

Fri, Sep 23, 2022 3 mins read

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Financial markets, Brussels wary of Italy far-right win

From her euroscepticism to her impact on Italy's enormous debt, the likely victory of far-right leader Giorgia Meloni in elections Sunday is causing concern in financial markets and in Brussels.. "There are many risks, but it will all depend on which Meloni leads the government -- the one who has attacked Europe in the past or the one who now advocates a more moderate approach and could pursue the status quo on fiscal matters," she told AFP. - Spiralling debt - Concerns about a slip in the reform timetable and an increase in Italy's debt after the elections have already caused rating agencies Standard & Poor's and Moody's to downgrade the outlook for the country's credit rating. 

Fri, Sep 23, 2022 3 mins read

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Hong Kong replaced by Singapore as Asia's top finance centre

Hong Kong has lost its crown as Asia's premier finance centre to Singapore in a global ranking list where New York and London maintained their number one and two spots.. Singapore jumped three places to third in the twice-a-year Global Financial Centres Index (GFCI) which assesses 119 cities around the world and was published late Thursday.

Thu, Sep 22, 2022 1 mins read

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Lachlan Murdoch faces off with Crikey in defamation row

The high-stakes defamation battle between News Corp co-chairman Lachlan Murdoch and small Australian news outlet Crikey will go to trial beginning March 27 in Sydney.. The case will be heard by Justice Wigney, who has overseen several closely-watched defamation trials -- including actor Geoffrey Rush's successful suit against another Australian media outlet.

Thu, Sep 22, 2022 3 mins read

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Asian markets suffer further losses as central banks turn screws

Asian markets fell again Friday as part of a global sell-off fuelled by recession fears after central banks around the world ramped up interest rates to fight decades-high inflation.. "Given the now even starker contrast between the (central bank's) policy stance and central banks everywhere else in the world... (the) MoF will need to be in this intervention game for the long haul and in size if it is to have much hope of arresting yen weakness in an ongoing strong dollar environment," said National Australia Bank's Ray Attrill.

Thu, Sep 22, 2022 3 mins read

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Britain unveils anti-inflation budget as recession looms

The UK's new government unveils Friday multibillion-pound measures aimed at supporting households and businesses hit by decades-high inflation.. While the tax reversals are not strictly cuts, the government could announce Friday reduced levies on home purchases.

Thu, Sep 22, 2022 3 mins read

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US charges Boeing with misleading investors on 737 MAX safety, fined $200 mn

US securities officials fined Boeing $200 million over the aviation giant's misleading assurances about the safety of the 737 MAX airplane following two deadly crashes, regulators announced Thursday.. They misled investors by providing assurances about the safety of the 737 MAX, despite knowing about serious safety concerns."

Thu, Sep 22, 2022 2 mins read