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Central Bankers Use AI to Assess Climate-Related Risks Central bankers said on Tuesday they have broken new ground by using artificial intelligence to collect data for assessing climate-related financial risks, just as the volume of disclosures from banks and other companies is set to rise. The Bank for …
POSTED MARCH 19, 2024 11:34 AM |
Bank of Japan Scraps Radical Policy, Makes First Interest Rate Hike in 17 Years The Bank of Japan (BOJ) ended eight years of negative interest rates and other remnants of its unorthodox policy on Tuesday, making a historic shift away from its focus on reflating growth with decades of massive monetary stimulus. While the …
POSTED MARCH 19, 2024 10:05 AM |
China Evergrande’s Alleged $78 Billion Fraud Is Among World’s Worst China Evergrande Group’s alleged $78 billion revenue overstatement escalates the legal peril of founder Hui Ka Yan, who now stands at the center of one of the biggest financial fraud cases in history. The nation’s top securities regulator said the …
POSTED MARCH 19, 2024 9:05 AM |
Realtor Group Strikes $418 Million Deal to End Suits Over Commissions The National Association of Realtors agreed to settle litigation over commission rules for US real estate agents, clearing the way for possible changes in how Americans buy and sell homes. For homeowners and buyers, the proposed settlement marks an important …
POSTED MARCH 19, 2024 5:31 AM |
Viewpoint: The Imperative of Long-Term NFIP Reform In the wake of a record-shattering 28 billion-dollar extreme weather and natural disaster season in 2023, the U.S. finds itself at the mercy of an increasingly volatile climate. As hurricanes grow fiercer, sea levels rise and rainfall patterns shift, one …
POSTED MARCH 19, 2024 5:25 AM |
North Carolina Labor Chief Rejects Infectious Disease Rules for Workplaces RALEIGH, N.C. (AP) — North Carolina’s elected labor commissioner has declined to adopt rules sought by worker and civil rights groups that would have set safety and masking directives in workplaces for future infectious disease outbreaks like with COVID-19. Commissioner …
POSTED MARCH 19, 2024 5:01 AM |
Maui’s Mayor Prioritizes Vows to Hire More Firefighters After Hawaii Wildfire Maui’s mayor says he is prioritizing housing, evaluating evacuation routes and hiring more firefighters as his Hawaii community recovers from the deadliest U.S. wildfire in more than a century. Mayor Richard Bissen outlined the steps in emotional remarks more than …
POSTED MARCH 19, 2024 5:00 AM |
People Moves: Zamora Named Chief Underwriting Officer of ICW Group ICW Group Insurance Companies promoted Paul Zamora to chief underwriting officer, leading the company’s property/casualty multiline underwriting strategy and business expansion. Zamora joined ICW Group nearly 20 years ago to oversee its workers’ compensation underwriting business. He most recently served …
POSTED MARCH 19, 2024 5:00 AM |
Older Boeing Plane Found to Have Missing Panel After Flight From California to Oregon A post-flight inspection revealed a missing panel on an older Boeing 737-800 that had just arrived at its destination in southern Oregon on Friday after flying from San Francisco, officials said, the latest in a series of recent incidents involving …
POSTED MARCH 19, 2024 5:00 AM |
New Jersey Voters May Get to Decide If They Have a Right to a Clean Environment New Jersey, known as much for its beaches and blueberries as for the chemical plants and refineries that line some of its major highways, is considering asking voters a fundamental question: Should the state guarantee its citizens the right to …
POSTED MARCH 19, 2024 5:00 AM |
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