The cost of the impact could total around 20 million pounds ($26...
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MS Amlin binds landmark Ukraine reinsurance facility
Under the scheme, MS Amlin has committed EUR 80 million in...
Regulatory breaches emerge as top risk for Asian Boards, Willis & Clyde & Co survey
While the risk of data loss and cyber-attacks remains among the top...
Money Management: Embracing savings apps as inflation hits household finances
Rising outgoings appear to be driving thousands of people to try money management apps for the first time. The digitization of banking services and the easing of regulations have helped spark a boom in fintech (financial technology) worldwide, with users from Brazil...
Health Ministry writes to states, UT over surge in COVID-19 cases
"Recently, there are a few States which are reporting a higher contribution to India's cases and higher positivity. This Ministry has advised all the States/UTs to follow a risk assessment-based approach on the opening of economic and social activities without losing...
Investor wealth erodes by Rs 8 trn as markets falter for 5th straight day
Unabated foreign fund outflows, inflationary concerns and geopolitical worries have made investors nervous Mumbai: Investors have become poorer by over Rs 8 trillion in five days of market fall, with equity indices weighed by widespread selling amid bearish global...
Bangladesh, World Bank sign $250m to enhance resilience to future shocks
It will also support the coverage, speed, and efficiency of social protection programs to help the government rapidly respond to extreme climate events such as floods and cyclones Dhaka; The Government of Bangladesh and the World Bank yesterday signed a $250 million...
Over 1.67 lakh companies incorporated in India last year: MCA
''The incorporations during FY 2021-22 are 8 per cent more than the incorporations during FY 2020-21. While MCA had registered 1.24 lakh companies during FY 2018-19 and 1.22 lakh companies in 2019-20, respectively, it had registered 1.55 lakh companies during FY...
Pakistan among top ten countries facing severe water crisis
Stressing on the cause of water issues, the UN representative cited climate change, floods and drought as the reason Pakistan is estimated to be in the top 10 list of the world's countries facing water scarcity, said Munir Akram, Pakistan's Permanent Representative to...
Money laundering, terror financing biggest risks of crypto: Sitharaman
India's finance minister Nirmala Sitharaman "If I use 2019 data, the digital adoption rate in India is about 85 per cent. But globally that same year it was only somewhere near 64 per cent. So the pandemic time actually helped us to test and prove for ourselves that...
Global Citizen seeks up to $1 bln for six sustainable ‘Impact’ funds
The Global Citizen Impact Funds aim to help plug a large gap in funding for poorer countries struggling to meet the United Nations 2030 Sustainable Development Goals, which include providing access to clean water and fighting climate change The world's poorest...
Over 70% of Africa’s economies at risk from Russia’s war in Ukraine: UN report
Preliminary analysis suggests that as many as 1.7 billion people in 107 economies are exposed to at least one of the three risks highlighted by the Global Crisis Response Group "The war is supercharging a three-dimensional crisis – food, energy and finance – that is...
Global investors flee China fearing that risks eclipse rewards
Some international investors are finding an aggressive allocation to China increasingly unpalatable. Outflows from the country’s stocks, bonds and mutual funds accelerated after Russia’s invasion of Ukraine, while Norway’s $1.3 trillion sovereign wealth fund has...