Government Policy

Keep Your Friends Close, But Your Enemies Closer — Part II

Michael McTague | |

In this second entry in the payback series, we look at actions taken by companies and governments to get back at unfair treatment by others. One of the most dramatic examples is Venezuela not paying back its debts to companies such as Conoco (COP) and to bondholders and preventing outside oil companies from doing business in the nation with the greatest amount of oil reserves worldwide. At first glance, it may appear that Venezuela got away with its efforts to take over...

Federal Reserve Governor Brainard Says Financial Firms Must Address Climate Risks Now

Reuters | |

Uncertainty about the impact climate change may have on the financial system should not prevent financial firms and their supervisors from moving now to prepare for the shocks to come, a key Federal Reserve policymaker said on Thursday.

Fed Governor Lael Brainard, in remarks to an Institute of International Finance forum on the move to a low-carbon economy, said financial firms faced risks not just from weather-related disasters, but also potentially fast changes in asset prices if and when government policies change.

Fed Governor Lael Brainard, in remarks to an Institute of International Finance forum on the m...

Leading Companies Urge Governments To Reverse Accelerating Destruction of Nature

Reuters | |

Some of the world’s biggest companies on Monday backed growing calls for governments to do more to reverse the accelerating destruction of the natural world and support broader efforts to fight climate change.

More than 560 companies with combined revenues of $4 trillion including Walmart, Citigroup and Microsoft signed up to a statement calling for action over the next decade.

The call comes as the United Nations prepares to ...

EU Plans More Protectionist Antitrust Rules, Data Sharing in Policy Shake-up

Reuters | |

EU will push companies to embrace artificial intelligence and blockchain technology.

UK Police Use of Facial Recognition Tech Tests Public's Tolerance

AP News | |

Real-time surveillance being tested in Britain is among the more aggressive uses of facial recognition technology.

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