The 2,885-metre (9,465-foot) Mount Marapi erupted late last year...
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Flooding forecast to worsen in Brazil’s south, poor hit hard
Weather across South America is affected by the El Nio climate...
El Niño sees African Union Insurance Agency pay out $60 million
El Niño is caused by ocean currents that bring dry and hot weather...
Final industry loss footprint for Australia’s 2019/2020 Bushfires at AUD 1,866m: PERILS
“One year on from the Black Summer bushfires, this release of the final loss report provides a timely reminder of the devastation such an event can cause to local
communities. This was one of several major Cat events to impact Australia in 2020, with the insurance industry playing a critical role in enabling affected communities to rebuild during the year. The detailed data resolution in this updated industry loss footprint can enhance the insurance industry’s understanding of the impact of future bushfire events as there is always more to learn about these devastating losses.”
Wildlife, land-use change and health infra: Scientists identify ways of preventing next pandemic
Following several multidisciplinary studies in 2020, scientists now firmly believe a “perfect storm” for an outbreak with pandemic potential is created by the combined forces of land-use change, high population density and the presence of interfaces between wildlife and domestic animals.
IOC to buy 15 hydrogen buses for Delhi, first-ever attempt in the country to use hydrogen-based mobility as green option
The country’s largest oil refiner and fuel retailer are also setting up a facility at its Faridabad research and development (R&D) centre to produce hydrogen to run the buses, the company said in a statement.
Launch of the first parametric tropical cyclone insurance product in Africa
The African Risk Capacity (ARC) Group(ARC) has developed a model capable of correctly estimating the risk and economic losses resulting from tropical cyclones, which is suitable for SOOI countries, such as Mozambique, Madagascar, Comoros, Mauritius, Seychelles and Tanzania.
“Our goal is to continue to diversify our insurance product offering in order to effectively meet the needs of our Member States. This new offer will allow our Member States to better anticipate and manage extreme weather events while ensuring that the impact of such events on the population is mitigated, ” said Ibrahima Cheikh Diong, Deputy Secretary General of the United Nations. and Chief Executive Officer of the Panafrican Mutual of Risk Management Group ( ARC Risk Capacity Group ).
Gas leak in AP unit operational negligence, says NGT; directs safety audit of pharma units
A bench headed by NGT Chairperson Justice Adarsh Kumar Goel held that the cause of Benzimidazole gas leakage at Sainor Life Sciences factory at Parwada industrial area was operational negligence of the management and its employees,
There were serious lapses in not following standard safety norms under the said rules requiring onsite and offsite emergency plans, conducting mock drills every six months and undertaking manufacture of Benzimidazole without consent.
UK identifies new South African coronavirus variant tightens lockdown
Like the UK variant identified earlier, the new variant of the novel coronavirus is also driving a massive resurgence of the disease in South Africa, with experts warning the country is probably facing a much larger second wave.
“Both cases of the new variant are contacts of cases who have travelled from South Africa over the past few weeks,” Hancock said, addressing a briefing from 10 Downing Street.
“This new variant is highly concerning because it is yet more transmissible and it appears to have mutated further than the new variant that has been discovered in the UK,” he said.
Emergency no 112 to be available for disaster relief in 2 yrs;alert protocol in 4 yrs: NDMA official
”The MHA (Ministry of Home Affairs) is working on public safety… it is 112 single number emergency response system. It is being implemented for police, fire emergency, women and child protection and the next evolution is for disaster on which we are working. This will be rolled in two year or so,” NDMA Advisor, Operations and Communications, Brig Ajay Gangwar said
he said the government is also working on priority call routing which will give precedence to officials and agencies that will be first point of response for relief and rescue operations during any disaster like earthquake, cyclone or floods. Gangwar said NDMA has done a pilot project for common alert protocol which sends out automated alerts to people and it will implemented across country in four years.
India announces new controls on sourcing telecoms gear
New Delhi will announce a list of trusted sources and products for Indian telecoms providers – and possibly a blacklist – as part of the new directive, which will likely be launched next year.
“This is a very important decision with respect to national security,” Prasad said.
Telecoms providers will have to use new devices which have been approved as trusted products, he said, though he added that the policy does not require wireless carriers to replace gear already being used.
France’s Macron wants to add climate goals in constitution
European Union leaders, including Macron, agreed on Friday to beef up the continent’s 2030 targets to reduce greenhouse gases from 40 per cent to at least 55 per cent compared with 1990 levels.
“We need to keep moving forward, and that work is even more urgent,” Macron said.
How pandemic bonds became the world’s most controversial investment
Here’s how the pandemic bonds worked.
The World Bank would sell $320 million of debt to investors. In the event of a pandemic, that debt would be written off and the principal would accrue to the bank to be distributed to needy countries. Premiums were juicy – the safest slice of the offering paid 6.9% over the Libor benchmark rate, similar to returns typically found on junk-rated corporate bonds and far greater than the 2.2% available on 10-year U.S. government debt at the time. For the second tranche, which had looser triggers for a writeoff, premiums were a whopping 11.5%.