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Global climate inaction mean economic turmoil for South Asia, warns bank

2014-08-23 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

InsideClimate: The first comprehensive study ever issued on the economic costs that uncontrolled climate change would inflict on South Asia predicts a staggering burden that would hit the region's poorest the hardest. "The impacts of climate change are likely to result in huge economic, social and environmental damage to South Asian countries, compromising their growth potential and poverty reduction efforts," said the study, published by the Asian Development Bank. The cuts in regional GDP are so deep that...

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BT warns of rise in phone bills

2014-08-23 01:27:40| BBC News | Business | UK Edition

BT warns millions of customers it is increasing prices by up to 6.5% from December this year.

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U.S. warns 'significant number' of major businesses hit by Backoff malware

2014-08-23 00:33:10| InfoWorld: Top News

Over a thousand major enterprise networks and small and medium businesses in the U.S. have been compromised by a recently discovered malware package called "Backoff" and are probably unaware of it, the U.S. Department of Homeland Security (DHS) said in a cybersecurity alert on Friday.

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HONG KONG: Li & Fung reports "solid" H1 but warns on US

2014-08-21 13:01:00| Daily apparel & textile news and comment - from just-style.com

Global sourcing firm Li & Fung reported "solid" results in the first half, against a mixed economic landscape, with growth in both sales and earnings.

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Climate Change Threatens South Asian Economy, Bank Warns

2014-08-20 21:32:00| Climate Ark Climate Change & Global Warming Newsfeed

Environment News Service: Climate change will slash up to nine percent off the South Asian economy every year by the end of this century if the world continues on its current fossil-fuel intensive path, the Asian Development Bank warns in a new report. The human and financial toll could be even higher if the damage from floods, droughts, and other extreme weather events is included, the bank says. "South Asia's economy is under serious threat and the lives and livelihoods of millions of South Asians inhabiting the region's...

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