Global Economy
‘Unprecedented’ Steps Needed to Avert the Worst Effects of Global Warming, U.N. Warns
Society would have to enact "unprecedented" changes to how it consumes energy, travels and builds to meet a lower global warming target or it risks increases in heat waves, flood-causing storms and ...
Digital Transformation Strategy Tip: Hire the Innovators
For executives fretting about pursuing a successful digital transformation, here's a thought: Hire the innovators. There's plenty of pressure to pursue innovation and digital change with existing ...
Calif. Wildfires Blackened an Area the Size of Delaware So Far This Year
California is poised to set an annual record it never wanted to break: the amount of earth scorched by wildfires. Blazes have already ripped through enough acres to blacken the entire state of ...
Morgan Stanley Race Bias Lawsuit Sent Instead to Private Arbitration
A black former Morgan Stanley broker who filed a lawsuit accusing the bank of racial bias must pursue his claims in private arbitration, a federal judge ruled on Wednesday. U.S. District Judge John ...
Opinion: Tesla’s Settlement With SEC Boosts Investor Class Actions Against Company
Tesla and its CEO Elon Musk did not admit liability in this weekend's $20 million settlement with the U.S. Securities and Exchange Commission. But lawyers for shareholders suing Tesla in for ...
Alliant, Everest Re Launch Bid to Help Protect Hedge Funds From Cyber Attack
Hedge funds can spend years crafting a trading algorithm or a strategy to keep ahead of competitors. A Stone Point Capital-backed insurance broker is offering to help protect those trade secrets, and ...
Don’t Worry? EU, UK Regulators Will Cooperate to Aid Smooth Brexit
European Union regulators have recognized the need to cooperate with their UK counterparts to avoid disorderly markets if no agreement is reached on the terms of the UK's departure from the EU, ...
Q3 2018 Cat Losses Likely to Hit Above the Norm: Morgan Stanley
The 2018 third quarter was relatively benign compared to the record catastrophe losses incurred by carriers last year. But hurricanes, wildfires, typhoons and more could still leave industry losses ...