China’s draft cybersecurity rules pose risks for financial firms, lobby group warns
By Selena Li HONG KONG – China’s proposed cybersecurity rules for financial firms could pose risks to operations of western companies by making their data vulnerable to hacking, among other things, a…
Climate-related disasters pose ‘major’ growth threat in Middle East, Central Asia – IMF
By Andrea Shalal WASHINGTON – The frequency and severity of climate-related disasters are rising faster in the Middle East and Central Asia than anywhere in the world, posing a “major threat” to…
Watch: Armed burglars pose as Con Edison workers to force entry, rob Queens homeowner
NEW YORK, NY – The New York City Police are investigating a Queens home invasion where two suspects dressed as Con Edison workers approached a homeowner and brandished guns, forcing their way…
Economists say higher oil prices pose further risk to India’s growth momentum
By Manoj Kumar NEW DELHI – Rising crude oil prices and supply disruptions following Russia’s invasion of Ukraine could further sap an Indian economy already slowed by COVID-19, posing risks to household…
Private debts pose hidden risk to developing countries, World Bank warns
By Andrea Shalal and David Lawder WASHINGTON – Developing countries must quickly strengthen their financial sectors, the World Bank said on Tuesday, warning that rising inflation, interest rates and alarming levels of…
NFL coaches’ claims of incentives to lose pose legal risks for league
By Tom Hals – A lawsuit filed last week accusing the National Football League of racist hiring practices brought to light allegations that owners secretly offered incentives to coaches to lose, which…
Weaker U.S consumer spending, rising inflation pose dilemma for Fed
By Lucia Mutikani WASHINGTON – U.S. consumer spending fell in December, suggesting the economy lost speed heading into the new year amid snarled supply chains and raging COVID-19 infections, while annual inflation…
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