Country Financial News

leisure travel: supermarket tourism. This unassuming hero of travel experiences offers a passport into the everyday life of a locality of a city or country you are otherwise unfamiliar with.

insurance product recently introduced in global markets — natural catastrophe bonds, or 'cat bonds' — is being discussed. This unique hybrid insurance-cum-securitised financial product transfers hazard risk from the victim nation to global financial markets. Cat bonds can lower the risk curve for low-frequency, high-impact hazards. Given India's credit standing and scale of its hazard risk profile, it could be cost-effective to sponsor such an instrument, through an intermediary like World Bank or ADB. The intermediary holds the principal amount until maturity as surety for the payout to the sponsoring country and assures its return to bond investors on the maturity of the cat bond. Since catastrophe risk is difficult to forecast, disaster scientists assume that such a high-risk investment would be unprofitable for investors. On the contrary, risk-seeking investors find the disaster risk curve most attractive for diversification, since climate events are not correlated with financial market movements.

Purolator and UPS have temporarily suspended shipments from some courier companies as they face a backlog of deliveries amid the ongoing Canada Post strike.

Subscribe to enjoy similar stories. The crew of the Grand Sunny cargo ship has been stuck at sea for a year, unpaid and often hungry, after the vessel’s mysterious owner stopped paying the bills. The fate of the 11 men on board the Grand Sunny off the coast of China is increasingly common in the global shipping industry.

Subscribe to enjoy similar stories. Last week, chef Garima Arora made Indian culinary enthusiasts proud. For the second consecutive year, her fine-dining spot, Restaurant Gaa in Bangkok, received two Michelin stars.

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Data reveals a clear preference among these women for Western partners. In South Korea, 28% of international marriages in 2023 involved American men, followed by 18% with Chinese men. Marriages to men from other Western countries, including France, Italy, Germany, the UK, Canada, Australia, and New Zealand, accounted for approximately 17%. A similar trend appears in Japan, where American men were the top choice among foreign grooms for Japanese women. Japanese men seeking foreign brides, however, primarily choose women from China and the Philippines.

Subscribe to enjoy similar stories. Islamist rebels launched a large-scale attack on Syrian government forces, causing the largest shift in the balance of power since 2020 in Syria, where more than a decade of war has taken place. Battling Iran- and Russian-backed regime forces, the rebels in a lightning offensive captured Aleppo, which was Syria’s largest city before the war, and then advanced south to the strategic and symbolically important city of Hama.

Subscribe to enjoy similar stories. Money: A Story of Humanity. By David McWilliams.

Subscribe to enjoy similar stories. As the world goes increasingly digital, the promise of seamless travel clashes with fragmented data systems and tedious processes. Without a balanced approach that integrates personal data protection, national security and user accessibility, the intended benefits of digital borders risk being undermined.

Yoon Suk Yeol declared martial law on Tuesday night, plunging the country into its worst crisis in decades, his stunned finance minister knew his priorities: throw everything at defending the currency. By around 11 p.m., Choi Sang-mok, who was among the majority of cabinet members who opposed martial law, had set up an emergency meeting at the Seoul Bankers Club, an unofficial meeting place for top policymakers from the central bank, finance ministry and banking and markets regulators. As soldiers stormed the nation's parliament, Korea's top four financial authorities, known as F4, activated an emergency playbook that had been used during past crises, scrambling to head off a crippling selloff in the won before Asian markets awoke. Choi led discussions between the authorities, three people familiar with the meeting told Reuters, with the Bank of Korea responsible for efforts to stabilise the currency.

The supervisor overseeing the clerk's work approved the erroneous transaction without catching the mistake. She was later fired by the bank for failing to verify the transaction properly, sparking a legal battle that eventually landed in the German labour court.

Jensen Huang, chairman and CEO of the Silicon Valley chip titan, met with Vietnamese Prime Minister Pham Minh Chinh during a visit to Hanoi, where the two agreed to open an artificial intelligence research and development centre. «The data of Vietnam is a national and its natural resource. The AI of Vietnam should be processed here, built here, operated here, for the people and industry of Vietnam,» Huang said.

Subscribe to enjoy similar stories. New Delhi and the National Capital Region (NCR) is beset by problems, with the unbearable amounts of atmospheric pollution being the most acute. But the crisis of livability that the city faces isn’t just confined to this.

Macron also emphasised his responsibility to ensure the continuity of the state, the proper functioning of institutions, and the protection of the French people. The remarks by the French President came while he addressed the nation on Thursday from the Elysee Palace.

Chi-Chi’s is making a comeback

Anthem Blue Cross Blue Shield says it won't tie payments to the length of time a patient went under anesthesia

El Salvador's President Nayib Bukele is triumphant about his big bet on bitcoin as the cryptocurrency reached historic highs, surpassing $100,000 for the first time

U.S. lawmakers and experts warn that the U.S. severely lags behind China in shipbuilding capacity and urge action to build up the country’s ability to develop and produce weapons and other defense supplies to avoid war with China

SW Retail Advisors founder Stacey Widlitz breaks down the latest news from the retail sector as companies prepare for the holiday season.

Jammu and Kashmir CM Omar Abdullah on Thursday said that Muslims were being victimised and their masjids and shrines targeted under a well-planned conspiracy, despite the country being secular as per the Constitution. Abdullah told reporters here on the sidelines of the annual day of Sher-i-Kashmir Institute of Medical Sciences in Srinagar that if someone doesn't believe that this country is secular let them remove the word 'secular' through an Act in Parliament. Abdullah said Muslim victimisation is happening in the name of «not appeasing the community». «Why are our darasgahs and masjids being targeted under a well-thought conspiracy? I have repeated it several times that you may believe in not appeasing the Muslim community. We also don't ask for any appeasement. But not appeasing us (Muslims) doesn't mean you will target us. Don't target and victimise us in the name of not appeasing us,» said Abdullah.