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Emerging Asia: a $3.8 trillion-per-year pension savings gap

“The shortfall in saving for adequate and sustainable retirements cannot be bridged solely by government resources. Strong partnership between the state, the private sector and individuals will be key.Protecting people throughout their saving lifecycle has the potential to reduce poverty, ill-health and even social unrest, and should form a core building block of emerging markets’ longterm economic growth,” ,” said Jerome Jean Haegeli,Group Chief Economist, Swiss Re 

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The trillion dollar climate finance challenge (and opportunity)

Many countries lack the financial resources to make the transition to clean energy and a sustainable way of life that could reverse climate change.

The UN says that says that climate finance is the answer because not investing will cost even more in the long-term, but also because there are significant opportunities for investors.

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Green Dividend: China’s electric car capital has lessons for the world

“At the beginning, people had many concerns about EVs, such as safety or the convenience of charging,” Gou Yi, a deputy chief at Liuzhou’s branch of the National Development and Reform Commission, China’s top economic planner, said in an interview.

“What we did was to make sure our citizens felt it’s very comfortable to use EVs. People have realized how economical and easy electric cars are, and how much cleaner our air has become after more and more EVs hit the roads.”

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Explainer: Climate change and financial disclosure – what’s at stake?

Global regulators are working towards creating a common set of guidelines for assessing climate-related financial risks.

The Financial Stability Board, an international body that monitors the global financial system, created the Task Force on Climate-related Financial Disclosures (TCFD), which released in 2017 recommendations on climate risk disclosure.

A network of central banks also released climate-change scenarios and guides for measuring risks, while the U.N. Environment Programme Finance Initiative (UNEP FI) last year published methods insurers can use to disclose climate risks.

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Caregivers in crisis: Pandemic begins to ebb but trauma persists

The trauma of dealing with the illness lasts much longer than the illness itself, said psychiatrist Jyoti Kapoor.

“This has taken a toll on the psychological health of most caregivers with longer lasting symptoms similar to PTSD. There has been an increase in instances of acute stress reaction, panic attacks, psychosomatic manifestations and psychosis in Covid patients.

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UK remains Europe’s most attractive destination for financial services investment, gap with France narrows:EY

According to global investors surveyed, the top three drivers of UK growth in the coming years are the digital economy (top with 54% stating this), real estate (second with 42%), and financial services (third with 33%). Healthcare and wellbeing came fourth with 29%.At a city level, London continues to be seen as Europe’s most attractive destination for financial services FDI (backed by 44% of respondents) followed by Stockholm (19%) and Amsterdam (17%).

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Sustainability solution or climate calamity? The dangers and promise of cryptocurrency technology

Bitcoins don’t exist as physical objects, but new coins are “mined”, or brought into circulation, through a process that involves using powerful computers to solve complex mathematical problems. This process requires so much energy, that the Bitcoin network is estimated to consume more energy than several countries, including Kazakhstan and the Netherlands.

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Britain turns into test case for Covid-19 endgame

After inoculating a larger proportion of people than any other major economy, Britain is emerging as a test case in Europe as it attempts to draw a line under Covid-19. Levels of infections are now back to their highest since February and the pound is taking a hit on concern a recovery may be slipping further into the future.

United Kingdom has recorded 11,007 new Covid-19 cases in 24 hours, with the emergence of the Delta variant pushing the figure above 10,000 for the first time since late February.

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