Government
Fiscal Crises Stand as Largest Risk to Global Business: WEF Survey
The possibility of a fiscal crisis is the biggest risk to doing business globally, according to a survey of World Economic Forum business leaders published on Tuesday, though there were strong ...
Insurers, Pension Funds Pledge Climate Action at U.N. Summit
Insurers and pension funds managing $2.3 trillion pledged on Monday to shift their portfolios away from carbon-heavy industries in the hope of triggering snowballing climate commitments from other ...
IRS Makes Settlement Offer to Taxpayers Involved in ‘Dirty’ Micro-Captive Insurance
The Internal Revenue Service said it is mailing a time-limited settlement offer for certain taxpayers under audit who participated in what the IRS calls "abusive micro-captive insurance" ...
Municipality Cyber Risks Deepen With Oklahama Pension Fund Hacking
Oklahoma has joined the ranks of state and local governments struck by hackers, fueling concerns about the escalating risk of such attacks on municipalities. The Federal Bureau of Investigation is ...
EU Mulls New Energy Taxes as Climate Change Countermeasure
The European Union is considering new energy taxes, including on the aviation sector, to meet its climate targets, top officials said on Friday, with Germany calling for "drastic steps" to reduce ...
China Regulators Cap How Much Insurers Can Invest in Their Shareholders
China's banking and insurance regulator on Monday capped how much insurance firms can invest in their shareholders, aiming to curb risks linked to the misuse of financial resources. China is ...
U.K. Wavers Between No-Deal Brexit and No Exit
Once the chaos of the Brexit crisis is stripped away, there are ultimately just three main choices for the United Kingdom: departing the European Union without a deal, striking an exit deal or ...
Big Drug Companies, Pharmacies, Distributors Ordered by Judge to Face Opioid Trial
A U.S. judge on Tuesday rejected efforts by major drugmakers, pharmacies and distributors to dismiss claims that they caused the nation's opioid crisis, clearing the way for a scheduled landmark ...