Category:

Disaster & Management

Bank of England tells banks & insurers to push on with climate risk analysis

The guide drawn up by the Climate Financial Risk Forum (CFRF),which was set up by the BoE and Britain’s Financial Conduct Authority last year, is the first of its kind and sets out how financial firms can analyze and disclose risks from climate change and spot opportunities for new consumer products.Sarah Breeden, the BoE’s co-chair of the CFRF, said firms should start on their analyses straight away using the guide that is based on best practice from firms

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Covid-19 Pandemic:Tally rises to 5,66,840, general and health insurers receive 28,000 claims for Rs 445 crore

With 18,522 people testing positive for coronavirus in a single day, India’s COVID-19 tally climbed to 5,66,840 on Tuesday while the death toll rose to 16,893 with 418 new fatalities, according to the Union Health Ministry data.

Recording nearly 4,000 cases in the last 24 hours, Tamil Nadu has surpassed Delhi to regain the second spot among the list of worst-hit states by the pandemic, while Karnataka also recorded more than 1,100 overtaking Haryana and Andhra Pradesh.

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Patanjali takes a u-turn; says never claimed to have made Covid-19 medicine

“Patanjali has never claimed to make corona medicine.Rather, corona patients have been cured with this medicine. The drug was made under the license issued by the Ayush Ministry,” stated the reply by Patanjali Ayurved CEO Acharya Balakrishna to the notice.

“We made the combination of Tulsi Giloy Ashwagandha at an advanced level and when the clinical trials were done on the patients of Covid-19, the coronavirus patients were cured. A conspiracy has been hatched against us and if the Ayush Ministry tells us to conduct clinical trials once again then we are ready to face it,” he added.

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Digital risks continue to be the most significant threats to business:FERMA Survey

Digital risks continue to be the most significant threats to business in the short (12 months) and medium-term (3 years). Cyber threats are the number 1 risk in both time frames, and data theft and fraud are growing in importance and stand at number 4 in the short term.

Uncertain economic growth appears as the number 2 threat short term (12 months) and number 3 medium term (3 years).

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Covid 19 Pandemic:Deaths top half a million,one person dying in every 18 seconds in June

While the overall rate of death has flattened in recent weeks, health experts have expressed concerns about record numbers of new cases in countries like the United States, India and Brazil, as well as new outbreaks in parts of Asia.
About one-quarter of all the deaths so far have been in the United States, the Reuters data shows. The recent surge in cases have been most pronounced in a handful of Southern and Western states that reopened earlier and more aggressively.

The number of cases in Latin America on Sunday surpassed those diagnosed in Europe, making the region the second most affected by the pandemic, after North America.

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Covid-19 Pandemic: $30 bn needed to develop tests, treatments, vaccines,says WHO

Renewing its call on Friday for global collaboration against the pandemic, it said $3.4 billion had been contributed for the coalition to date, leaving a funding gap of $27.9 billion. Of that, $13.7 billion was “urgently needed”.

The WHO is working with a large coalition of drug-development, funding and distribution organisations under what it calls the ACT-Accelerator Hub.

The initiative is intended to develop and deliver 500 million Covid-19 tests and 245 million courses of new treatment for the disease to low- and middle-income countries by mid-2021, it said in a statement.

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