Geneva-based Trafigura alleged Gupta was the mastermind of a...
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Southern Africa floods killing 300 fueled by global warming
An estimated 300 people have died in extreme flooding across parts...
China plans infusing $29 billion of capital into large insurers
The proceeds will be injected into state-controlled firms including...
WHO chief urges countries to finalise pandemic accord by deadline
Tedros Adhanom Ghebreyesus,Director-General, WHO One of the main points of disagreement between wealthy countries and developing states is the vexed issue of sharing drugs and vaccines fairly to avoid a repeat of COVID-era failures The only time in the organisation's...
Developing Asia and the Pacific failed to secure well-being of aging population: ADB report
``Governments need to prepare now if they’re going to be able to help hundreds of millions of people in the region age well. Policies should support lifetime investment in health, education, skills, and financial preparedness for retirement. Family and social ties are...
Air France, Lufthansa Group airlines part of EU greenwashing probe
Industry group Airlines for Europe (A4E) said in a statement that it recognised the importance of clear information about sustainability, but that current regulations in the EU "vary significantly between countries and are still evolving". It is unclear which other...
Chubb to pay $350 million to Maryland govt for Baltimore Bridge collapse
Lloyd’s of London insurers Hiscox and Lancashire do not expect large insurance claims Grace Ocean Private Ltd., the owner of the Dali container ship that hit the bridge, and its manager Synergy Marine Pte petitioned to limit their liability to a maximum of $43.6...
India must expand Universal Health Coverage for ageing population, maintain economic growth: ADB Report
While the South Korea and Thailand have achieved universal health coverage, others lag behind with India having the lowest health insurance coverage among older people at 21 per cent, a report titled 'Aging Well In Asia' prepared by ADB said Tbilisi:India is one of...
ADB ‘Vastly Overstated’ climate finance claims in Asia, says Oxfam
The ADB, however, reaffirmed its figures, standing by its methodology and commitment to deliver USD 100 billion in climate financing by 2030, with USD 34 billion earmarked for adaptation and resilience. The Asian Development Bank's actual finance numbers for its...
US appeals court says kids’ climate lawsuit must be dismissed
The plaintiffs had argued in their 2015 lawsuit that the government has permitted, authorized and subsidized fossil fuel extraction and consumption despite knowing those actions cause catastrophic global warming AU.S. appeals court on Wednesday said a lawsuit filed by...
Global microinsurance premiums touch $5.8 billion in 2023, cover only 15% of market: Report
The 2023 Study, drawing on from 294 insurers covering 1,040 products across diverse sectors, including health, life, agriculture, and property, estimates the value of the microinsurance market across 36 countries at USD 41.4 billion. With only 15 per cent of that...
Fight climate change with fiscal discipline
The transition to clean energy requires enormous public investment in electricity generation and distribution, in addition to the far larger expense of mitigating the damage caused by rising temperatures. Further delay will increase the public and private costs more...
Inflation worries continue for US Fed, no policy rate cut for sixth time
Fed Chair Jerome Powell Indeed, Fed Chair Jerome Powell said it was likely to take longer than previously expected for Fed officials to gain the "greater confidence" needed for them to kick off interest rate cuts Washington: The U.S. Federal Reserve held interest...