$2 trillion Norway oil fund CEO Nicolai Tangen says AI stock boom has created a concentration risk ‘we have never seen before’
The boss of Norway’s $2 trillion sovereign oil fund has fired a warning to investors who have won big on the AI stock market boom, as he cautioned that “we…
Indonesia Leader Taps Jokowi Heavyweights for Economic Team
(Bloomberg) — Indonesia’s President Prabowo Subianto is entrusting his economic team to the steady hands of seasoned veterans, calling back Sri Mulyani Indrawati and Luhut Panjaitan for key posts to…
Indonesia’s Mr Fix-It Secures New Economic Job in Prabowo’s Team
(Bloomberg) — Indonesia President Prabowo Subianto picked his predecessor’s fix-it man as the chief of the economic advisory council for his new government. Most Read from Bloomberg Luhut Panjaitan, previously…
IMF, World Bank meetings clouded by wars, slow economic growth, US election
By David Lawder WASHINGTON (Reuters) – Global finance chiefs will gather in Washington this week amid intense uncertainty over wars in the Middle East and Europe, a flagging Chinese economy…
Inflation hasn’t been defeated yet because the housing crisis could bring it back
Inflation has improved dramatically since the Federal Reserve launched its aggressive rate hikes in 2022, but the housing market's affordability crisis hasn't gone away and may even renew inflationary pressure.…
Putin turns to North Korean troops as Russia’s economy heads for a ‘meltdown’
Reports that North Korea is deploying troops to support Moscow's invasion of Ukraine highlight the severe manpower limits weighing on the Russian economy and military. On Friday, South Korea's intelligence…
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- Legal Topics
- October 20, 2024
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Are We There Yet? DoD Issues Final Rule Establishing CMMC Program
The US Department of Defense (DoD) published a final rule codifying the Cybersecurity Maturity Model Certification (CMMC) Program. The final CMMC rule will apply to all DoD contractors and subcontractors that will…
The ‘Texas two-step’ is back as J&J tries to shed talc lawsuits for a third time
Johnson & Johnson (JNJ) is taking a controversial legal argument to court for a third time in hopes of containing a barrage of lawsuits alleging its baby powder caused cancer.…
World Economy Fault Lines Shift From Prices to Politics and Debt
(Bloomberg) — The global economy is heading toward year end with unexpected tailwinds as slowing inflation clears a path for an unlikely soft landing. But while the economics side of…
Fears of ‘False Start’ for Fed Leave Emerging Markets in Limbo
(Bloomberg) — Price action in some of the world’s most risk-sensitive assets is signaling concern that the Federal Reserve’s decision to begin lowering interest rates may have been premature —…
