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Heatwaves could cost France €10-15 billion, environment minister says

Heatwaves could cost France €10-15 billion, environment minister says

by AIP Online Bureau | Aug 12, 2026 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

The 2022 drought resulted in €5.6 billion in direct and indirect costs, but this year’s heatwaves have been longer and more intense, with more extensive forest fires and a greater decline in agricultural production, French environment minister Monique Barbut said. The...
AI’s volatile power demand is damaging Its own data centers

AI’s volatile power demand is damaging Its own data centers

by AIP Online Bureau | Aug 12, 2026 | Eco/Invest/Demography, International News, Risk Management, Technology

AI data centers put particular strain on their power supply when they are training new models — a process that mobilizes all of the graphics processing units in unison. Like the digital equivalent of bees swarming or a school of fish changing direction, hundreds of...
Govt plans insurance reforms to rein in healthcare costs, sources say

Govt plans insurance reforms to rein in healthcare costs, sources say

by AIP Online Bureau | Aug 12, 2026 | Eco/Invest/Demography, Health, Indian News, Non-Life, Policy, Regulation

“The idea is to benchmark ⁠treatment rates, agreed between insurers and hospitals, to reduce disputes and fraudulent claims,” said one of the sources. MUMBAI: The government is weighing wide-ranging reforms of health insurance, from benchmarked ​treatment...
Private hospital room cost must not exceed 3-star hotel room tariff in cities: Parl panel

Private hospital room cost must not exceed 3-star hotel room tariff in cities: Parl panel

by AIP Online Bureau | Aug 12, 2026 | Eco/Invest/Demography, Health, Indian News, Non-Life

The committee noted that households continue to face significant financial stress while accessing private healthcare, with average out-of-pocket expenditure per hospitalisation episode pegged at Rs 34,064. It also flagged medical inflation of 10-13 per cent and...

Hormuz Strait to remain closed unless U.S. meets Iran’s conditions, Iranian security council says

by AIP Online Bureau | Aug 12, 2026 | Eco/Invest/Demography, International News

U.S. President Donald Trump on Monday responded to Iran’s conditions for a peace deal with his own demands ​that Iran pay compensation for people killed in wars, attacks and protests, in a rhetorical escalation likely to complicate efforts to reopen the Strait...
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