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Climate risks could cut profits at HSBC, Standard Chartered and other banks by 15 per cent, Bank of England says
HSBC, Standard Chartered and other British-based banks and insurers could see their annual profits fall by 10 per cent to 15 per cent if they fail to address climate risks in a timely fashion, according to a stress test conducted by the Bank of England.
Hong Kong’s biggest business chamber calls proposed 7.2 per cent pay rise for civil servants ‘out of touch with reality’
Hong Kong’s biggest business group has weighed in on the controversy over a proposal to increase the pay of civil servants by up to 7.26 per cent, saying it is “out of touch with reality” and warning of a possible ripple effect across the whole economy.
No female drivers in Indy 500 for second time in three years
INDIANAPOLIS (Reuters) - The Indianapolis 500 was once the land of opportunity for women racers but for the second time in three years their will be no female drivers on the starting grid at the Brickyard when the green flag is dropped on Sunday.
Chinese vice premier stresses summer agricultural production
ZHENGZHOU, May 28 (Xinhua) -- Chinese Vice Premier Hu Chunhua has urged unremitting efforts to ensure a bumper summer harvest and good autumn sowing so as to achieve the whole-year goal of grain production.
Golf Lab introduces hi-tech learning systems
GOLF Lab, a company that specialises in science-driven learning programmes and club optimisation, is consolidating its presence in South-East Asia (SEA) and had their founder Liam Mucklow visit here recently.
Hitch in plans to end crisis
The UN Security Council (UNSC) failed to agree on a statement aimed at pushing Myanmar’s junta to take steps toward a peaceful solution to the country’s ongoing crisis, diplomats said.
Nod to engineering research
FOR their outstanding achievements, an academic and three graduates from Universiti Tunku Abdul Rahman (UTAR) Lee Kong Chian Faculty of Engineering and Science were recently feted by The Institution of Engineers, Malaysia (IEM).
Asean’s future complex amid multiple pressures
The key would be to get on the right side of ‘the balance between being a thriving region and the theatre of tensions’, says a Strategic Outlook for Asean panel at the World Economic Forum meeting in Davos.
UN Security Council members fail to agree on Myanmar text
The UN Security Council failed on Friday evening (May 27) to agree on a statement aimed at pushing Myanmar's junta to take steps toward a peaceful solution to the country's ongoing crisis, diplomats said.
Chelsea reach final agreement for sale of club to Boehly-led consortium
LONDON (Reuters) -Chelsea said on Saturday that a final agreement had been struck to sell the Premier League club to a consortium led by Los Angeles Dodgers part-owner Todd Boehly and backed by Clearlake Capital.
