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Miller establishes new M&A and Strategic Solutions Team
The team will sit within Miller’s Professional & Financial...
AXA XL Insurance appoints Sylvie Gleises as Regional Chief Executive Officer, Asia
Sylvie Gleises as Regional Chief Executive Officer designate), AXA...
Noncommunicable diseases now ‘top killers globally’ – UN health agency report
Chief among them are cardiovascular diseases, such as heart disease and stroke; cancer; and diabetes and chronic respiratory diseases – as well as mental health illnesses Together they account for nearly three-quarters of deaths in the world, taking 41 million lives...
Fed again hikes interest rates by 75 basis points in aggressive bid to fight inflation
Officials expect the benchmark rate to rise to 4.4% by year end and 4.6% during 2023, according to the median estimate in updated quarterly projections published alongside the statement. That indicates a fourth-straight 75 basis-point hike could be on the table for...
Pakistan flood-borne diseases could get ‘out of control’ as deaths rise
Record monsoon rains and glacial melt in northern Pakistan triggered the flooding that has impacted nearly 33 million people in the South Asian nation of 220 million, sweeping away homes, crops, bridges, roads and livestock in damages estimated at $30 billion....
Aon and Revalue Nature collaborate on global decarbonization efforts
"The voluntary carbon market is rapidly expanding and represents a significant opportunity to drive environmental and social impacts on the climate transition through collaborative solutions – no one can transition alone," said Natalia Moudrak, climate resiliency...
Number of millionaires globally will grow by 40% in the next five years
According to Credit Suisse Group AG’s Global Wealth Report, the number of global millionaires will exceed 87 million in 2026, i.e. a rise of 25 million from 2021.The US tops the world millionaire table, still far ahead of China in second place. While India is home to...
Majority of world’s largest companies exposed to impacts of climate change by 2050: S&P
“Investors and companies are seeking advanced analytics to respond to the financial impact of climate change. Essential to this, is the ability to quantify the financial impact of climate change at asset level to enable meaningful mitigation and adaptation planning,”...
Uber blames notorious extortion gang Lapsus$ for recent data breach
The attacker managed to hijack the two-factor login approval by inundating the contractor with requests, which they eventually accepted From there, the intruder was able to get into several employee accounts and had security permissions for Uber’s G-Suite and Slack,...
South and Southeast Asian reinsurers improve underwriting performance, but challenges remain: AM Best
“Although investment returns are expected to increase over the near term alongside a recovery in interest rates, rising inflation in the region is likely to pose challenges in meeting the cost of capital prospectively,” said Kanika Thukral, senior financial analyst,...
Super typhoon Nanmadol bears down on Japan’s Kyushu island
Railway operators and airlines have cancelled services and convenience store chain Seven-Eleven Japan temporarily shut around 950 stores. Toyota Motor Corp said it will idle production at three factories on Monday Typhoon Nanmadol bore down on Japan's southernmost...
Pakistan facing risk of fresh floods, more deaths as toll crosses 1,500
“The economic impact of the floods is a major source of concern for global investors,” said Abdul Kadir Hussain, head of fixed income asset management at Dubai-based Arqaam Capital Ltd. Also, there is nothing tangible on dollar inflows that were supposed to follow the...