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Economy Environment World

Global Warning: Asia is Critical to Addressing Climate Change

Asia emits about half of the world’s global greenhouse gas emissions and that figure is set to increase if the right policies are not put in place. Asia’s future will be heavily shaped by climate change. The region has special vulnerabilities, including extensive coastal populations susceptible to sea level rise, large river basins prone to flooding, […]

Economy Environment World

Decarbonization Will Not Succeed Unless it is Equitable

The transition to global net zero to address climate change must be both ambitious and fair. Otherwise, it will not achieve its goals nor will it obtain the vital public support required over the long-term. Although ambitious decarbonization will provide widespread benefits across Asia, the policies required to make the transition will create winners and […]

Technology World

Ramp to introduce AI tools for tracking business costs

 Ramp, a developer of financial management software, said it plans to offer new artificial intelligence tools from Thursday, including a feature that can determine if a company is overpaying on its software contracts. The New York-based startup, which offers a corporate card platform used by over 15,000 businesses, has raised $1.4 billion from a slew […]

Business Finance World

Rebound in US regional bank stocks fizzles out

 U.S. regional bank stocks reversed premarket gains in early trading on Thursday, slipping back into negative ground after a recent rebound powered by hopes that the sector’s troubles were nearing an end. Western Alliance fell 1%, erasing premarket gains of 4.2%. The Phoenix-based lender had surged 27% till Wednesday on reporting strong deposit growth in an attempt to […]

Business Finance World

Analysis: Overexposed US regional banks could sell commercial property loans

 Many U.S. regional lenders may have to consider selling off commercial real estate (CRE) loans at a steep discount after breaching key regulatory thresholds for exposure to the troubled sector, according to new data and market sources. Regional banks, the largest lenders to the beleaguered U.S. CRE and construction markets, have reduced their exposure to […]

Energy Environment World

Analysis: GM’s 2025 EV output could be crimped by battery bottleneck

General Motors has said it will have the capacity to build 1 million electric vehicles in North America by 2025, but a slow ramp-up of its three U.S. battery plants could limit actual EV production to less than 600,000 at mid-decade, according to a forecast and analysis prepared for Reuters. Building more than half a million […]