Outside of the Lloyd’s market, Starr writes commercial non-life...
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World’s first Climate Resilience Bond issued by Tokyo Metropolitan Government
“This new bond label is a notable development for the market.The...
Hurricane Melissa makes Cuba landfall after lashing Jamaica
The hurricane is expected to result in property damages costing...
Nearly half of China’s major cities are sinking, researchers say
Subsidence already costs China more than 7.5 billion yuan ($1.04 billion) in annual losses, and within the next century, nearly a quarter of coastal land could actually be lower than sea levels, putting hundreds of millions of people at an even greater risk of...
Binance founder Changpeng Zhao sentenced to 4 months in prison for allowing cybercriminals and terrorist grps to trade on cryptocurrency exchange
Changpeng Zhao, founder & former CEO, Binance It is the first time a chief executive officer has ever gone to jail for a bank secrecy act violation, a charge that has been used repeatedly in crypto prosecutions in recent years Binance founder Changpeng Zhao was...
Foreign portfolio investors turn net sellers in Indian stocks this April
The entire year saw an inflow of about Rs 171,107 crore, and notably, over one-third of it came in December. The strong inflow of funds from foreign portfolio investors (FPIs) had then supported the benchmark stock indices to march towards all-time highs. New Delhi:...
AstraZeneca reaffirms vaccine safety amidst rare side effect concerns
This comes in the wake of a recent admission by AstraZeneca, the pharmaceutical company, that its Covid vaccine Covishield and Vaxzevria "can, in very rare cases, cause Thrombosis Thrombocytopenia Syndrome (TTS)." New Delhi: In light of recent concerns surrounding...
Greater collaboration needed among regulators, public, pvt sector to harness fintech’s full potential: DFS Secy
Vivek Joshi,Secretary,Department of Financial Services While the Fintech Associations presented the operational modalities and key challenges faced by the Fintech companies, the LEAs from the states shared their best practices on curbing cybercrime and financial...
UN officials urge swift action to tackle El Niño-induced extreme weather
The current El Niño event began in mid- to late 2023, causing the ocean’s temperature to rise, and its impact has already decimated farming in southern Africa, triggering crop shortfalls and rising commodity prices. At the same time, flooding in Kenya has affected...
ED tightens grip on crypto assets, freezes Rs 90 crore in Binance, ZebPay, and WazirX
The investigation pertains to an online gaming scam app ''scam'' called 'E-Nugget' that masqueraded as a gaming platform and ''promised'' users high returns on their investments. New Delhi: The Enforcement Directorate on Tuesday said it has taken possession of funds...
Urgent healthcare reformation needed: IMA chief criticizes Ayushman Bharat structure
Indian Medical Association chief Dr R V Asokan also described the government's flagship Ayushman Bharat health insurance scheme as ''poorly structured and underfunded'' and called for increasing investments in the health sector New Delhi: Terming health an "orphan",...
Clot in blood vessels occurs in rare cases with certain vaccines: Medical Expert amid reports over AstraZeneca
In the wake of a recent admission by AstraZeneca where the pharmaceutical company said that its Covid vaccine Covishield and Vaxzevria "can, in very rare cases, cause TTS." According to several UK media reports, AstraZeneca has made the admission in court documents in...
Insurance Development Forum commits $ 900,000 for risk modelling
``2023 witnessed significant progress across all three pillars – implementation, engagement, and advocacy – fuelled by the trust and dedication of our partners. 2024 presents the opportunity to do much more, and we believe that by acting together as a global community...