Author: admin

06 Jan Tech trade group representing TikTok, Snapchat and Meta sues Ohio over state’s new law limiting children’s use of social media apps

Posted at 03:30h in Asia

The NetChoice trade group filed its lawsuit against Republican Attorney General Dave Yost in US District Court for the Southern district of Ohio. It seeks to block the law from taking effect.A pending law in Ohio that requires children to get parental consent to use...

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06 Jan Vietnam, Philippines, other Asia-Pacific sovereigns face credit downgrades from flood risk if they fail to adapt: Fitch

Posted at 03:00h in Asia

Countries in south and southeast Asia are the most exposed to flooding risks in the Asia-Pacific region, and sovereigns with a lower capacity to adapt are likely to face negative rating pressure, according to Fitch Ratings.Flooding, one of the most common types of natural disaster,...

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06 Jan Soft housing market expected for 1st half of 2024, but only in some parts

Posted at 02:40h in Canada

The Canadian housing market is expected to remain soft at least for the first part of 2024 while interest rates remain high. But some parts of the country will see busy markets as investors look for lower prices outside of Toronto and Vancouver, forecasters say. Source...

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06 Jan Climate change: China’s ‘sponge cities’ struggle to soak up flooding from severe storms despite billions in investment

Posted at 02:00h in Asia

These disasters raised questions about the effectiveness of China’s climate-resilience strategy for extreme rainfall, the “sponge city” initiative launched nationwide in 2015. Experts say that the basic idea – making cities better at absorbing excess rain – is a sound one. But its roll-out so...

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05 Jan Coinbase to expand crypto derivatives in EU with license acquisition

Posted at 21:32h in Europe

LONDON, ENGLAND - NOVEMBER 09: In this photo illustration, a flipped version of the Coinbase logo is reflected in a mobile phone screen on November 09, 2021 in London, England. The cryptocurrency exchange platform is to release its quarterly earnings today. (Photo illustration by Leon...

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05 Jan NatWest chair criticised for saying not that difficult to buy a home

Posted at 16:02h in Europe

Howard Davies, chairman of Natwest Group Plc.Bloomberg | Getty ImagesThe chair of one of Britain's biggest banks faced a backlash Friday after saying it is not "that difficult" to get on the property ladder.NatWest chair Howard Davies told the BBC's "Today" program that the current...

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05 Jan Unemployment rate held steady last month, StatsCan says

Posted at 14:48h in Canada

Statistics Canada says the total number of jobs in December was virtually unchanged for the month as the unemployment rate held steady at 5.8 per cent.The agency says the economy added a total of 100 jobs for the final month of the year.The result came as the number...

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05 Jan Beijing court accepts shadow bank Zhongzhi’s bankruptcy application

Posted at 13:41h in Asia

Beijing will usually take measures – such as thorough checks of balance sheets – before the official legal process starts, to ensure that the risks of a bankruptcy are under control, Shen said. That would be the case with Zhongzhi, as the firm is linked...

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05 Jan China’s ‘king of software’, Wang Wenjing, steps down as president of enterprise management systems firm Yonyou amid mounting losses

Posted at 13:00h in Asia

Veteran Yonyou executive Chen Qiangbin, 48, takes over as company president, with a focus on operations and management, according to the company. After joining Yonyou in 2000, Chen was involved in software development, sales and then served as general manager at the firm’s branch offices...

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05 Jan Maersk to extend Red Sea diversion for ‘foreseeable future’

Posted at 11:41h in Europe

The Maersk Sentosa container ship sails southbound to exit the Suez Canal in Suez, Egypt, on Thursday, Dec. 21, 2023.Stringer | Bloomberg | Getty ImagesDanish shipping giant Maersk said Friday it would extend its diversion of vessels from the Red Sea for the "foreseeable future"...

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