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South Korean court hears children’s climate change case against government
The proceeding is Asia's first such climate-related litigation, the...
Tata AIA crosses Rs 1 lakh cr AUM
Tata AIA Life Insurance has crossed Rs. 1 lakh cr in assets under...
Philippines logs 100 deaths, P25 billion losses from recent storms
The National Disaster Risk Reduction and Managent Council said it has asked President Rodrigo Duterte to declare a state of calamity in the country’s largest island Luzon, home to 53 million people.
The proposal – which will be in addition to an existing state of calamity over the COVID-19 pandemic – allows faster release of calamity funds, the grant of interest-free loans and freezing of prices of basic commodities.
Axa disputes French tax ruling over Luxembourg profit: Media Report
French fiscal authorities found in 2016 that AXA earned at least 130 million euros ($154 million) of undeclared profit in a structure based in Luxembourg between 2005 and 2010, Mediapart said, citing documents from the French tax office.
Cybersecurity is top business worry in ‘age of risk’: Marsh & McLennan CEO
“CEOs like to get things done and say it’s finished,” he said. “Cyber is a never-ending phenomenon. It will continue for the rest of all of our careers.”
Climate change and the culture of remote working are the other top risks cited by companies, Glaser said. Climate is less immediate than cybersecurity because it is developing slowly and its impact, through such catastrophic events as larger wildfires and more powerful hurricanes, will increase over the next five years or more.
Medical costs of discharged COVID patients 50% above pre-admission levels:German study
The coronavirus proved especially dangerous for people with heart disease, high blood pressure or respiratory diseases, the study showed.
Where social distancing comes naturally: Finland keeps coronavirus in check
“We like to be in solitude wandering the forests and swimming in the lakes, so many Finns have actually enjoyed that they have been able to move away from the cities,” Kristian Wahlbeck, director of the Finnish Association for Mental Health (MIELI), said.
Breakthrough COVID vaccine tech could help defeat other diseases
Moderna and BioNTech, for example, are also applying mRNA technology to experimental cancer medicines.
Scientists decode why Covid-19 spares children
According to the researchers, including those from the Vanderbilt University Medical Center (VUMC) in the US, children have lower levels of a receptor protein that the coronavirus SARS-CoV-2 needs to invade airway epithelial cells in the lung.
Yield mania gives much needed break to indebted emerging-market countries
US elections have revived the yield hunt, granting much-needed breathing space to governments in developing economies. They face the equivalent of about $3 trillion in local debt maturing next year after a borrowing binge in short-term bonds that were mostly bought by local banks in the absence of international investors.
UN chief urges all countries to stop building new coal power plants
“To reach carbon neutrality by 2050, I am calling for all countries to stop building new coal power plants and for partners to stop financing them,” said the Secretary-General.
“Countries also need to put a price on carbon and end subsidies for fossil fuels. Our response to the Covid-19 crisis must be aligned with the Paris Agreement and Sustainable Development Goals. In all these efforts, you can count on the support of the United Nations system,” the UN chief added.
Asian stocks hit record peak as vaccine hopes dampen virus fears
“There’s just mountains of cash sitting on the sidelines, waiting to be put to work and since we’ve got this vaccine news, as well as diminished risk around the U.S. elections, all of this is flying into equities,” said Kyle Rodda, analyst at IG Markets. “Everyone’s thinking now that it’s the cue to get in.”