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Prime Minister Narendra Modi Addressing a function to celebrate 150...
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Estimating insured losses is difficult given that fires are not...
Coronavirus compounds climate disasters but shows action can work- Red Cross
Almost half of 140 million people around the world, who are hit by to disasters caused by extreme weather fuelled by climate change, with more severe storms, floods, and heatwaves live in the Asia-Pacific region, the International Federation of Red Cross Red Crescent Societies (IFRC) said in a report published this week.
“Recovery from disasters is so much harder when livelihoods have been hit hard by COVID-19 and the measures taken to contain it,” said Maarten van Aalst, director of the Red Cross Red Crescent Climate Centre and author of the report.
87% of Indian cos victims of security breach last year: Report
“While organisations are adapting to the hybrid approach thinking about both working from anywhere and application hosting, they continue to experience a high level of network breaches and facing ongoing connectivity and security challenges,” Murali Urs, Country Manager, Barracuda Networks India, said in a statement.
Adherence to COVID-19-appropriate behaviour during festive season key to prevent 3rd wave: Experts
”Currently, there is a declining trend of COVID-19 cases and we are in a pretty good situation. However, the coming few weeks with the festive season ongoing and with that associated changes of decrease in Covid-appropriate behavior, large gatherings, and super-spreading events can be a deciding factor for the third wave,” AIIMS Director Randeep Guleria said.
He said the next two-three months are crucial in terms of preventive strategies for the country to continue to be in a good position.
Bad for business: World Bank China rigging scandal rattles investors
Economists said such reports – by the World Bank and others – were useful but had long been vulnerable to manipulation. They said some governments, especially in emerging market countries who want to demonstrate progress and attract investment, could become obsessed with their position in the reports, which assess everything from ease of paying taxes to legal rights.
World needs to spend another $100 trln on UN fight against global woes – report
The U.N.’s Sustainable Development Goals set targets on everything from the environment to health and equality and have the support of all member states, yet the supply of finance from governments, investors, banks and companies to help meet them has consistently fallen short.Adding the costs of financing the global transition to a low-carbon economy to limit global warming, and total funding out to 2050 comes in at $200-$220 trillion, the report added. The SDGs are a global “to-do” list addressing such issues as war, hunger, land degradation, gender equality and climate.
Moody’s completes acquisition of RMS
Karen White, RMS chief executive officer, called Moody’s is an “exceptional fit” for RMS and its customers. “Global risks are now more complex, connected and systemic. Climate change and catastrophic events like extreme weather, pandemics and cyberattacks have broader and more harmful impacts across virtually all industries. We share the vision to bring a global, integrated risk assessment platform to our markets with the goals of deeper, more sophisticated risk insights and greater global resiliency,” White said
National Asset Reconstruction Company to acquire stressed assets of about Rs 2 lakh crore in phases
Explaining the benefits that banks will get from this new structure, the Finance Ministry said the new structure will incentivize quicker action on resolving stressed assets thereby helping in better value realization.
Fake vaccination certificates for India available on Telegram for $75 each: Check Point
As a result of the COVID-19 pandemic, in India, various state governments have mandated certain regulations for those undertaking inter-state travel by road or air to mitigate the further spread of the virus.
Travellers are required to have a negative COVID-19 test result (RT-PCR report) or a vaccination certificate to visit some states that see large influx of tourists.
EU launches health crisis body to prepare for future pandemic
The new health emergency preparedness and response authority (HERA) will assess potential health threats, promote research, ensure the availability of critical production and help build stockpiles.
If a new health crisis struck, it would activate emergency funding and help coordinate monitoring, procurement and purchase of medical equipment or treatments.
The authority is partly designed to avoid a repeat of the ad hoc measures taken by individual EU countries at the start of the COVID-19 pandemic, some of them inefficient, others coming at the expense of other EU members.
World Bank discontinues business climate report after ethics review
In a statement, the World Bank said that after the irregularities raised ethical matters involving former bank staff and board officials, the development lender will work on a new approach to assessing countries’ business and investment climates.