Risk sharing is an important component of today's public pension system, as the state and local governments strive to balance growing pension costs and risks as well as the competitiveness of compensation to public employees. In traditional public sector defined benefit (DB) plans, the employer bears nearly all investment risk, longevity risk, and inflation risk…

Teachers are taking more investment risks than ever before. At least, their pension plans are. Even though teachers themselves are less willing to take risks compared to other professionals, teacher pension plans are taking substantial risks on their behalf. That has implications for today’s teachers and retirees, not to mention the long-term health of the…

South Africa offers bailout for state-owned power utility Eskom On Tuesday, July 23, the South African minister of finance presented a bill to parliament requesting a bailout of more than $4 billion for state-owned power utility Eskom. Eskom supplies about 95 percent of South Africa’s power, but has been unable to generate sufficient revenue to…

Abstract Retirees with defined contribution plans face a key dilemma: how and when to convert their retirement savings into income in a way that minimizes the risk of outliving their assets without unnecessarily sacrificing their standard of living. Annuities offer one way to resolve this dilemma. We explore legislative and regulatory reforms that could encourage…

The U.S. private pension system is growing, now totaling roughly $28 trillion in assets.  But just as steadily, the system has been delivering less of its traditional product: pensions. With the shift from defined benefit (DB) to retirement saving accounts like 401(k)s and IRAs, traditional retirement income guaranteed to last a lifetime is increasingly replaced…

The company will spend $1 billion and employ a team of 100 to find a sustainable alternative.

Just one more reason for Big Oil and Big Coal to worry.

With research showing the installed cost of solar dropping 11% in just 6 months, it's little wonder that corporations like Wal-Mart are ramping up their plans to go solar aggressively. Walgreens made headline back in 2006 for its commitment to solar,

Fresh criticism from Georgian environmentalists adds to the diplomatic tensions created by Turkey's dam-building spree.

A travel writer captures the beauty of Iceland's wilderness, but will these natural wonders exists for much longer?

Oil and gas companies have until 2023 to make 'Paris compatible' plans, or face divestment.

Move over, indoor birthing tub. This woman wants to deliver in the Pacific Ocean with dolphins as midwives.

The city wants to become a leader in electric transportation, part of a plan to cut greenhouse gas emissions by a third.

Efficiency standards are now toast because of worries of "over-reach and intrusiveness".

As subsidy-free renewables proliferate, it will become harder to derail decarbonization.

A few short weeks ago it came out the China had plans in the works to place 20 hydroelectric dams on the upper

Although somewhat symbolic, the new legislation coincides with the 2040 end of gas and diesel vehicle sales.

With the aim of inspiring others to start building things, this self-taught carpenter mother of two is giving away the DIY plans for this tiny house and the furniture inside for free.

This rustic, modern tiny home features lots of smart space-saving ideas, plus a self-built bed that can lift up and down automatically.

"We don't want animals in captivity or enclosed in any way," says Costa Rica's Environmental Minister.

Reports that Turkey would reconsider its nuclear plans following a deadly earthquake in the eastern part of the country sounded too good to be true. They were.

On the heels of their success pushing sales of electric cars, Norway want to spur the move to electric airplanes

In an effort to appease critics, the airport is focusing on four key environmental strategies.

The UK government has approved a new scheme for desalination of water from the Thames, for use in London. The £200 million plant will be built in Beckton, east London. It's not a popular plan, though, among environmental campaigners. We've written before

I'll say it again, renewables are taking off much faster than anyone expected.

"Vice President Joe Biden told a South Carolina environmental activist Friday that he opposes a controversial oil pipeline from Canada, but said he is "in the minority" inside the Obama administration."

Groupe Renault Chairman and CEO Carlos Ghosn today announced plans for a new Alpine sports car and unveiled the Alpine Vision show car.

The Senate Foreign Relations Committee is planning on holding a meeting next week on President Donald Trump's controversial nomination to lead a federal media organization.

Gap Inc. is preparing to reopen 800 of its apparel shops by the end of May, as states such as Texas and South Carolina slowly begin to lift lockdown restrictions that were put into place due to the coronavirus pandemic.

Spain saw 229 new deaths related to Covid-19, up from 213 the day before.

Ford Motor expects to begin calling back salaried employees who have been working remotely due to the coronavirus pandemic beginning in late June, executives said Thursday.

Jing Yang, director of corporate research at Fitch Ratings, expects electric vehicles to outperform an overall slump in China's car sales this year given strong policy support.

"If they don't feel safe, they're not going to go back to work,"AFL-CIO president Richard Trumka told CNBC.

Amazon will invest heavily in Covid-19 testing for its employees.

CNBC's Dominic Chu and S&P Capital IQ analyst Angelo Zino discuss the expected new web browser being developed at Microsoft.

Tim League, executive chairman of Alamo Drafthouse, joins "Squawk on the Street" to discuss its strategy for opening theaters in a post-coronavirus world, as well as its new on-demand service.

Your shopping experience at Gap could temporarily change. CNBC's Courtney Reagan reports the details on how Gap will reopen its stores across the country.

Today's advisory firms face numerous cybersecurity risks, from phishing to ransomware to email viruses, to name a few. And the one way that firms can tell if they're ready to face these risks, as well as regulators' requirements, is to put them to the test.

Even before the pandemic, affordable child care was a struggle for most. Now parents are squeezed by a near-complete lack of help, with daycare centers, schools and probably summer camps closed.

Amazon have arrived in force in rapidly expanding Hyderabad, with designs on the currently almost non-existent Indian e-commence market

The futuristic lobby of the new Amazon building in Hyderabad feels as though it should have a permanent orchestra blasting out Also Sprach Zarathustra. The scale is intended to awe. A large slogan on a wall suggests the company is “Delivering smiles”. The only sound that rises above the hush is a synthesised beep, coming from a giant screen playing a video of the campus at various stages of its construction.

Built on nine acres in this Indian city’s financial district, it is Amazon’s single largest building globally and the only Amazon-owned campus outside the US. It can house over 15,000 employees, but its size is its main architectural feature: it resembles the same cube of glass steel and chrome seen in corporate offices across Hyderabad, though a flash of magenta reflected in one of the top floor windows, from a billowing sari across the road, is a nice Indian touch.

Spain extends state of emergency; Danish agency warns of risk of second wave

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New coronavirus infections in Iran have risen sharply since the country relaxed its restrictions on movement, while France has said it will reimpose strict lockdowns if cases surge when it begins to emerge from confinement next week.

Tehran on Wednesday reported 1,680 new infections, nearly double the figure four days ago and the highest daily figure since 11 April when it allowed a phased return to work amid fears of economic collapse. A ban on travel between cities and business at shopping malls has since also been lifted.

Latvia, Lithuania and Estonia will open their borders to each others’ citizens from 15 May, creating a Baltic “travel bubble” within the EU.

Hundreds of Indian police have tested positive for the coronavirus in recent days, raising alarm among an over-stretched force as it attempts to enforce the world’s largest lockdown.

At least 90,000 healthcare workers worldwide – and possibly twice that – are believed to have been infected with Covid-19, and more than 260 nurses have died, the International Council of Nurses (ICN) said.

Professor Salim Abdool Karim, the South African government’s chief adviser, said the country’s strict lockdown and proactive screening and testing programme had helped limit its death toll to 148.