Globally, reinsurers are on track to produce a combined ratio near...
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High interest rates declining export finance impacting exporters’ competitiveness CII’s Budhia
`` Export Credit Guarantee Corporation of India (ECGC) currently...
India cut GDP emission intensity by 36 pc during 2005-2020 Govt report
India continues to decouple economic growth from greenhouse gas...
Bermuda suspends permits for Russian-operated planes over safety oversight concerns
Of the nearly 1,000 planes in the Russian fleet, 745 were registered in Bermuda, aviation consulting firm IBA said on March 1. Of those, 713 were leased and 32 owned Russia's government said on Thursday it had proposed allowing foreign planes leased by Russian...
Air Lease says Russian law on leased jets could help in claiming insurance
"It (the law) helps the insurance question because it demonstrates the intent to confiscate which is, I think, a critical aspect of our war-risk insurance," Air Lease chairman Steven Udvar-Házy said on Wednesday The new law allows Russian airlines to place airplanes...
Munich Re announces withdrawal from Russian business
“Existing contracts in Russia and Belarus will not be renewed,” the Munich-based company said on its website Wednesday. The same applies to Munich Re's investments in the region Exceptions will only be made if ending business “would negatively affect persons or...
Your connected car knows you. The tussle for that data’s hitting high gear
Companies in Europe and beyond are vying for control of the crown jewels of the connected car era: your vehicle’s data “If you don’t have access to data in the future, eventually you’ll be squeezed out. You’ll not be efficient, you’ll not have the right services, you...
Adani adds $49 bn wealth in 2021, higher than Jeff Bezos, Elon Musk
Gautam Adani 'Over the last 10 years, Indian billionaires added circa USD 700 billion to their cumulative wealth - this is equivalent to Switzerland's GDP and twice the GDP of the UAE!,'' he said New Delhi: Gautam Adani, India's and Asia's second-richest person, added...
Meet the company where staff work less, but produce more
Microsoft gave its 2,300 Japan-based employees Fridays off in 2019, and said it saw productivity rise 40% When French company boss Laurent de la Clergerie decided to let his staff work a four-day week, on the same pay as before, he knew he risked hurting his bottom...
Mandaviya directs high alertness, aggressive genome sequencing as Covid cases spike in Asia, Europe
Union Health Minister Mansukh Mandaviya Amid a rise in Covid cases in some European and East Asian countries, Union Health Minister Mansukh Mandaviya on Wednesday directed officials to maintain a high level of alertness and surveillance, and carry out genomic...
WHO says rise in COVID cases is the tip of the iceberg
New infections jumped by 8% globally last week, compared to the previous week. "Surges are to be expected particularly in areas where measures to prevent transmission have been lifted. However, there are unacceptably high levels of mortality in many countries," WHO...
Mamata asks Kolkata mayor to form panel for fire safety audit of godowns
Mamata Banerjee,Chief Minister,West Bengal The major fire that had broken out in the godown in Tangra area on Saturday evening was brought under control after 15 hours of firefighting "The CM has asked me to form a high-powered committee, comprising police, fire...
U.S. Senate approves bill to make daylight saving time permanent
Supporters say the change could prevent a slight uptick in car crashes that typically occurs around the time changes and point to studies showing a small increase in the rate of heart attacks and strokes soon after the time change The change would also help enable...