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Paytm with funded by Berkshire Hathaway andĀ AntĀ targets $2.2 bln Indian IPO in booming e-payment market

by AIP Online Bureau | Jul 16, 2021 | Eco/Invest/Demography, Indian News, Technology

  Mumbai: Indian digital payments leader Paytm, which counts Ant Group and Softbank  among its backers, is seeking regulatory approval to raise up to 166 billion rupees ($2.23 billion) in one of the biggest stock market listings in the country. The offering,...

Floods leave at least 108 dead in Europe

by AIP Online Bureau | Jul 16, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

  BERLIN: The death toll from devastating floods in Europe soared to at least 108 on Friday, most in western Germany where emergency responders were frantically searching for missing people. Adding to the devastation, several more were feared dead in a landslide...

Counting the costs: South Africa uninsured businesses wrecked by unrest

by AIP Online Bureau | Jul 16, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

  JOHANNESBURG: After losing 53 cars during xenophobic attacks in South Africa in 2019, Johannesburg car dealership owner Okey Uchendu never thought he would see his business destroyed again by civil unrest in less than two years. Already dealing with the impact...

South African farmers dream of drought cover on climate front line

by AIP Online Bureau | Jul 16, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

  JOHANNESBURG: Happy Letsitsa hasn't paid off the money he borrowed to survive a 2019 drought that ravaged his maize and sunflower farm in the South African province of Free State. He has no drought insurance. If rains fail again, they could spell the end of...

Work from home fueling cyberattacks, says global financial watchdog

by AIP Online Bureau | Jul 16, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

  London: Financial firms may need to bolster their defenses in the face of rocketing cyberattacks after employees began working from home, the Financial Stability Board (FSB) said on Tuesday. The board, which coordinates financial rules for the G20 group of...
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