G20 Affirms Commitment To Transition From Fossil Fuels

G20 Affirms Commitment To Transition From Fossil Fuels

G20 leaders affirmed their commitment to shifting away from fossil fuels after talks this week in Washington, according to a ministerial statement released Friday. Recalling commitments made last year at the COP28 summit in Dubai, the statement recognized plans to accelerate action in this “critical decade, so as to achieve net zero by 2050 in…

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Allianz Q2 net profit up better-than-expected 7.5%; affirms targets

Allianz Q2 net profit up better-than-expected 7.5%; affirms targets

GERMANY’S Allianz on Thursday posted a better-than-expected 7.5 per cent rise in second-quarter net profit and said it was on track to meet its full-year target. The insurer said that strength at its property and casualty business balanced out claims resulting from natural catastrophes. Net profit attributable to shareholders of 2.513 billion euros (S$3.64 billion)…

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TSMC’s new chairman affirms hopes of AI-fuelled 2024 recovery

TSMC’s new chairman affirms hopes of AI-fuelled 2024 recovery

TAIWAN Semiconductor Manufacturing Co’s C C Wei, who on Tuesday (Jun 4) became the first person to hold the dual roles of chairman and chief executive officer in years, reaffirmed expectations for AI development to drive a 2024 industry recovery. Wei, who was formally appointed the company chairman on Tuesday, stuck with previous projections for…

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Vividthree affirms chairman Ho Choon Hou’s suitability after his arrest in relation to Cordlife probe

Vividthree affirms chairman Ho Choon Hou’s suitability after his arrest in relation to Cordlife probe

DIGITAL content production house Vividthree Holdings on Sunday (Mar 24) noted the arrest of its board chairman and independent director Ho Choon Hou by the Commercial Affairs Department (CAD) in relation to alleged breaches-of-disclosure obligations by private cord-blood bank Cordlife Group. Ho was arrested by the CAD in relation to an offence under the Securities…

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Moody’s Affirms Italy’s Credit Rating And Upgrades Outlook

Moody’s Affirms Italy’s Credit Rating And Upgrades Outlook

The US ratings agency Moody’s announced Friday it had affirmed Italy’s credit rating at Baa3, and upgraded the country’s outlook to “stable” from “negative,” citing its significant economic strengths. “The decision to change the outlook to stable from negative reflects a stabilization of prospects for the country’s economic strength, the health of its banking sector…

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Hong Kong Top Court Affirms Mandatory Sentences Under Security Law

Hong Kong Top Court Affirms Mandatory Sentences Under Security Law

Hong Kong’s top court on Tuesday issued a landmark ruling that limited the ways for people to reduce their sentences when convicted of national security crimes AFP Hong Kong’s top court on Tuesday issued a landmark ruling affirming mandatory minimum sentences for people convicted of national security crimes, potentially affecting dozens of pro-democracy figures standing…

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