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Why is South Asia the global hotspot of pollution?
Experts say that the problem lies in a lack of coordination on...
Nations to develop mechanism for use of digital sequence information on genetic resources
Digital sequence information(DSI) is a placeholder term to refer to...
Iran attacks US base: India issues travel advisory, all well, assures Trump
Washington/New Delhi: Iran fired more than a dozen ballistic missiles at two military bases in Iraq where American troops are based, said Pentagon. In a statement, the US military said Iran launched the attack at about 1:30 am local time. "It is clear that...
Peak Re successfully places $ 77mn Lion Rock Re II Sidecar
the confidence shown in Lion Rock Re II really shows that Hong Kong can become a hub for ILS investors. Lion Rock Re II will allow us to continue our drive towards modernising reinsurance and bringing more communities under the umbrella of protection that insurance and reinsurance provides,” said Franz Josef Hahn, Chief Executive Officer of Peak Re.
Insurance industry calls for action to mitigate Climate Risk as Australia bushfires widen
“Globally, as our cities get bigger, we’re moving into more hazardous areas. Disaster mitigation is absolutely key,” said Andrew Gissing, head of risk and resilience at Risk Frontiers, a provider of catastrophe-modeling solutions. “We spend too much on disaster relief and recovery and not enough on mitigation.”
Natural catastrophes record $52b insured losses & 9,000 deaths in 2019:Munich Re
Torsten Jeworrek, member of the Board of Management, commented, “The severe cyclones in 2019 have highlighted the importance of knowledge about changes in risk. Natural climate variations influence weather catastrophes from year to year. Longer-term climate change effects can already be felt and seen. Buildings and infrastructure must be made more resistant in order to reverse the increasing trend in losses. This will enable insurance to be more effective and support the remaining financial losses.”
Trump Administration seeks to limit ‘Overreach’ of Regulation of Artificial Intelligence
The comments come at a time when companies are racing to integrate AI and deep machine learning into their businesses to remain competitive. However, the technology raises ethical concerns about control, privacy, cyber security and the future of work, companies and experts have said.
Sensex, Nifty rebound as Middle East tensions appear to ease
The Sensex rose over 500 points to 41,204 while Nifty regained 12,150. Among the Sensex 30 stocks, IndusInd Bank, Bajaj Finance, UltraTech Cement, HDFC Bank, Tata Steel, Asian Paints, RIL, Axis Bank, HDFC and ICICI Bank were up between 1.5% and 2.5%.
India predicts slower 5% growth, likely prompting budget stimulus
Annual economic growth slowed to 4.5% in the July-September quarter, the weakest pace since 2013, blamed on weakening demand and private investment, putting pressure on Prime Minister Narendra Modi to speed up reforms as five rate cuts have failed to help. The financial year ends in March.
India emerges as the fifth biggest geopolitical risk of 2020:Eurasia Group Report
Describing 2020 is a tipping point,the report has said, “We’ve lived with growing levels of geopolitical risk for nearly a decade, but without a true international crisis.Outside of geopolitics, global trends have been strongly favorable. That’s now changing.”
India just experienced its hottest decade on record
More unpredictable weather — including more frequent droughts and heatwaves — can threaten harvests and food security, especially in developing nations such as India, climate scientists say.
Ukrainian Boeing 737 with 180 aboard crashes in Iran after take-off
Passengers and crew on board the Ukrainian Boeing 737 plane that crashed shortly after take-off from Tehran on Wednesday were killed, Ukrainian President Volodymyr Zelensky said.”According to preliminary data, all passengers and crew members are dead,” he wrote on Facebook of the Ukraine International Airlines plane, which was bound for Kiev.