Private credit is an important change in corporate finance — perhaps the most important in corporate debt since the emergence of the syndicated loan markets — and it could be a mixed bag for markets and the economy, argues Jared Ellias, the Scott C. Collins Professor of Law at Harvard Law School. “There’s not a single story of the way that private credit is transforming American capitalism,” says Ellias, co-author of “The Credit Markets Go Dark,” published in the Yale Law Journal last year. The paper, written with Elisabeth de Fontenay of Duke Law School, was recently selected by a…
Author: Isla
Every semester, two diplomatic teams hand over the baton at the helm of the Council of the European Union. This is not a mere institutional formality. The rotating presidency plays a decisive role in the political and legislative orientation of the Twenty-Seven, setting the pace of negotiations, prioritizing certain files and relegating others to the background depending on the real possibilities of reaching consensus. This is precisely what will happen next July, when Cyprus hands over the baton to Ireland, a country that arrives in Brussels with a health agenda marked by a cross-cutting objective: to make health a key…
Age-appropriate apps are recommended, but parents have ultimate say over what can be added to a child’s Apple device. Parents can remotely track the amount of time each app has been used, while limiting total use time per day. Entertainment, gaming, and social media use can be tracked and limited, too. Recommendations for total use times are provided by Apple, developed with third-party organizations such as the American Academy of Pediatrics. Children can ask for authorization of new apps from their devices, and each request is reviewed by parents prior to authorization. The same whitelisting of apps prior to…
Dementia makes most things in life more difficult, including hospital care. Though often essential for patients suffering from severe acute illness, hospital care can be confusing for persons with dementia, or PWD. Compared to older adults without dementia, PWD in the United States visit the emergency room and are hospitalized at higher rates. In these cases, the decision for a hospital stay requires a delicate balance between the potential benefits and risks of hospital care. Previous research has suggested that PWD who are admitted to the hospital have higher mortality rates and spend more days away from home in the…
Australia risks missing a major green iron and steel opportunity worth up to $100 billion unless stronger trade partnerships are developed with key Asian markets, according to a new report commissioned by WWF-Australia. The report, prepared by Deloitte Access Economics, argues that demand-side policies and international trade agreements will be critical to unlocking Australia’s emerging green iron industry. Australia currently has eight green iron projects ready to launch and around 10 million tonnes of annual production capacity in development. However, none of the projects has reached a final investment decision due to a lack of confirmed buyers. At the same…
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SEOUL, South Korea (AP) — Chinese President Xi Jinping and North Korean leader Kim Jong Un underscored their commitment to deepen cooperation and rebuild their complicated traditional alliance, as Xi is on a rare visit to Pyongyang in a likely attempt to reassert Beijing’s unique influence over its socialist neighbor. It’s extremely difficult to independently verify reports released by state-controlled media outlets of North Korea and China. But their dispatches on the meeting touted a joint push for greater cooperation while not mentioning North Korea’s banned pursuit of nuclear weapons. This implies the summit produced outcomes both leaders could portray…
How Dubai introduced reduced summer working hoursIn summer 2024, DGHR launched a pilot called Our Summer is Flexible across 15 government entities. Workers were divided into two groups: one compressed their hours into four days and took Fridays off; the other worked shorter days across the week.The results from the pilot phase were positive:The pilot recorded an 87 per cent improvement in employees’ ability to complete tasks on timeA 96 per cent improvement in customer service with zero complaints filedA 98 per cent improvement in employee happiness.These were assessed under the Dubai Government Excellence Programme.In 2025, DGHR expanded the scheme,…
Funds raised for a Hong Kong hairstylist who died from nasopharyngeal cancer in April will be donated to NGO Cancer Information, as per his wishes. Pitt Cheung. Photo: gogetfunding.com. A fundraising initiative for Pitt Cheung raised over HK$555,000 for his specialist treatment, leaving a balance of over HK$140,000 after his passing in April. The fundraiser said that Cheung had exhausted radiotherapy, chemotherapy and immunotherapy treatments at public hospitals, so he switched to a recommended chemotherapy drug called Nab-paclitaxel, costing HK$72,000 per month. Cheung died peacefully in hospital on April 26. A funeral for the 44-year-old was held on May 9.…
New Brand Finance data reveals LIC among the world’s strongest insurance brands, while HDFC Life delivers standout growth Three Indian insurance brands are featured in the Insurance 100 2026 ranking LIC ranks 13th worldwide by brand value and second globally by Brand Strength Index, scoring 90.4/100 HDFC Life records 73% brand value growth year on year, among the strongest growth in the ranking The world’s top 100 insurance brands grow 14% to a collective $606.7 billion, marking the sector’s largest brand value increase in five years MUMBAI, 9 June 2026 – Three Indian insurance brands collectively hold USD18 billion in value, according to the latest latest Insurance 100 2026…