HAMBURG, Jakartaweekly.com—Korean Register (KR) is accelerating its European business expansion strategy by establishing the North Europe Committee (KRNEC) and hosting a technical seminar in Hamburg, Germany. KR Chairman & CEO Lee Yongsok stated that deepening engagement with partners in key regions has been one of his top priorities since taking the helm of the company […]
FRANKFURT, Jakartaweekly.com—The European Central Bank (ECB) has appointed three new Directors General to fill senior leadership positions within the institution. According to the ECB’s official website, the new appointments include Roland Straub as Director General Monetary Policy, Christophe Kamps as Director General International and European Relations, and Petra Senkovic as Director General Legal Services. In […]
REYKJAVIK, Jakartaweekly.com — Federal Reserve Vice Chair for Supervision Michelle W. Bowman indicated that the U.S. central bank may still have room to keep its benchmark interest rate unchanged ahead of the next Federal Open Market Committee (FOMC) meeting in mid-June 2026. Speaking at the Reykjavík Economic Conference 2026 in Iceland on Friday (May 29, […]
CALIFORNIA, Jakartaweekly.com —Amid persistently high inflation in the United States, member Board of Governors of the Federal Reserve Lisa D. Cook said interest rates could still rise, with policymakers awaiting new economic data set to be released in the near future. Cook delivered the remarks during a speech at the Stanford Institute for Economic Policy […]
FRANKFURT, Jakartaweekly.com – The Eurosystem’s balance sheet contracted by €6.05 billion in the week ended May 15, 2026, reflecting a continued decline in the ECB’s monetary policy securities holdings amid ongoing balance sheet normalization. According to the Consolidated Financial Statement of the Eurosystem released by the ECB, the report showed total assets stood at €6.18 […]
WASHINGTON DC, Jakartaweekly.com – The Federal Financial Institutions Examination Council (FFIEC) is proposing revisions to the CAMELS financial institution rating system to improve supervisory transparency and strengthen the focus of assessments on material financial risks. The FFIEC is opening a 90-day public comment period on the proposal after it is published in the Federal Register […]
BUSAN, Jakartaweekly.com – Korean Register (KR) has begun promoting the use of digital simulations based on Computational Fluid Dynamics (CFD) to measure ship energy efficiency. The initiative comes through the issuance of new guidelines developed jointly with HD Hyundai Heavy Industries (HD HHI) and Samsung Heavy Industries (SHI). The guidelines, titled Numerical Calculation Guidelines for […]
LONDON, Jakartaweekly.com – European Central Bank Executive Board member Philip R. Lane warned that global energy supply shocks could put greater pressure on euro area economic growth while triggering broader and more persistent inflation compared with regional shocks. Speaking at the Centre for European Reform in London on May 13, 2026, Lane said the current […]
JAKARTA, Jakartaweekly.com — French President Emmanuel Macron stated that he had spoken directly with Iranian President Massoud Pezeshkian regarding the escalating conflict in the Middle East, particularly following attacks on civilian infrastructure in the United Arab Emirates and several vessels, while also preparing a multinational mission. In his statement, Macron expressed deep concern over the […]
JAKARTA, Jakartaweekly.com — Federal Reserve Vice Chair for Supervision Michelle W. Bowman said fraud and financial scams are becoming an increasingly serious threat to US households and the country’s financial system, with net consumer losses estimated at US$63 billion throughout 2024. Speaking at the Women in Housing and Finance Symposium, Bowman said data from the […]
