Paul Hanratty,Chief Executive Officer, Sanlam “If you ask where our...
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Sitting at work for long? 15-30 mins of extra exercise can cut high death risk
The study, published in the journal JAMA Network Open, suggests...
Only zero-emission cars can help tackle air pollution, reduce oil imports: Tata Motors
Shailesh Chandra, MD of Tata Motors Passenger Vehicles and Tata...
Trump administration to propose rolling back protections for big tech
Trump wants to “remove or change” a provision of a law known as Section 230. Under the 1996 Communications Decency Act, Section 230 does not generally hold platforms responsible for what their users post and allows them to moderate the content of their sites as they see fit.The Justice Department plans to make a legislative proposal that Congress would have to pass, according to the Wall Street Journal, which first reported the proposal.
Fitch cuts India’s sovereign rating outlook to ‘negative’
“The coronavirus pandemic has significantly weakened India’s growth outlook for this year and exposed the challenges associated with a high public-debt burden,” the ratings agency said in a statement.The move comes after Moody’s downgraded India earlier this month to a notch above junk, falling in line with other global agencies, while also cutting its outlook to ‘negative’. But S&P shortly after affirmed its rating and maintained a ‘stable’ outlook.
SUVs can kill Pedestrians more than than passenger cars,Insurance Study Says
SUVs are more likely than passenger cars to injure or kill pedestrians, according to a new U.S. insurance industry study which recommended design changes to improve safety. Sport utility vehicles “seem to be more deadly to pedestrians than cars...
Pension insurance deals boost UK company shares by up to 3%,says report
Two-thirds of Britain’s company pension schemes are in deficit, following years of low interest rates which have slashed their investment income.
So-called bulk annuity deals enable companies to rid their balance sheets of the pension funds, which can be a deterrent to merger activity, but many companies cannot afford them.
Stranded seafarers could stop work, disrupting world trade
With more than 80% of global trade by volume transported by sea, the world’s more than 2 million merchant seafarers play a vital role in keeping countries supplied with everything from raw materials and fuel to food and consumer goods.
Japanese researchers confirm coronavirus testing in sewers as possible outbreak warning system
“Sewage testing is used as an early warning system to alert people about (possibly unnoticed) ongoing community transmission,” said Yuki Furuse, a Kyoto University professor who wasn’t directly involved in the study.
IMF sees ‘profound uncertainty’ about global recovery: Gita Gopinath
Gopinath said the economic crisis triggered by the novel coronavirus (Covid-19) pandemic was more global and playing out differently than past crises, with the services sector hit harder than manufacturing in both advanced and emerging market economies, and inflation low across the board.
Digital health passports could help get fans back into stadiums
The digital health passport is a web-based platform that shows a person’s COVID-19 testing status and history by scanning a QR code to secure access to any venues where safety is a concern.
“India will be the 2nd largest infra investment market,to account for 8% of all emerging market spend”
•The sigma estimates a total premium opportunity of more than USD 50 billion over the next 10 years,based on projected levels of investment across the largest seven emerging markets (Brazil, China, India, Indonesia, Mexico, Russia, and Thailand).
• There will be strong growth in investment in renewable energy, smart and resilient infrastructure
• Infrastructure in emerging markets represents an annual USD 920 billion investment opportunity for institutional investors,including insurers
• Infrastructure-related insurance premiums to exceed USD 50 billion over 10 years, mostly from engineering, property and energy
Insurers’ reliance on investments make them vulnerable due to COVID-19, says GlobalData
“Investments held in corporate bonds are particularly vulnerable to the impacts of an economic recession, with some businesses likely to default on payments. Insurers operating in the US are heavily invested in corporate bonds compared to their UK counterparts, and US life insurers in particular are more vulnerable to the downturn – given almost three quarters of their investments are in this area. This is especially true in the life sector where there is a 49.7 percentage-point difference between investments in corporate bonds. It also illustrates that the UK has a certain amount locked up in the relatively safe government securities, while this is not available in the US.”