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World’s biggest companies cause $28 trillion in climate damage: Study
Everybody's asking the same question: What can we actually claim...
IMF slashes global outlook as White House says trade talks pick up pace
With tariffs on goods coming into the world’s No. 1 economy now at...
Credit Suisse to pay $495 mn in US to settle securities case
Credit Suisse faces a longer list of legal woes. Last week, the prospect of fresh legal risks for the bank arose when US authorities launched a probe investigating whether the bank helped clients hide assets Credit Suisse Group AG agreed to pay $495 million to settle...
AXIS Capital refuses to underwrite energy, mining and other projects without backing of local indigenous communities
Non-governmental organization Rainforest Action Network (RAN) told Reuters that AXIS was the first North American insurer to adopt such a policy, and believed it set a fresh standard for best practice Two insurers in Europe – Swiss Re and Allianz – mention FPIC in...
Employers may need to justify bans on wearing religious signs, EU court says
However, the court said an employer's neutrality rule could be deemed indirectly discriminatory if it results in someone of a particular religion or belief being put at a disadvantage. It said that in this particular dispute, it would be up to a works tribunal in...
Plastic Pollution: Litigation could cost the industry and its insurers $20 billion in US over next 8 yrs, says Report
More than 300 million tons of plastic are produced every year and at least 14 million tons ends up in the ocean where it is ingested by animals and can enter the human food chain, according to the International Union for Conservation of Nature Like climate...
Climate finance by major multilateral banks rose 24 pc in 2021
"In Asia and the Pacific, we are uniquely vulnerable. Whether it's historic levels of flooding in Pakistan, devastating drought in the People's Republic of China, or cyclones in the Pacific, our region knows full well the ever-present impact of climate change. It's...
AM Best downgrades Peak Re’s outlooks to negative from stable
The negative outlooks reflect AM Best’s expectation that macroeconomic headwinds and current unfavourable capital and investment market conditions may exacerbate financial stress on Fosun over the short to intermediate term HONG KONG: AM Best has revised the outlooks...
New Covid-19 variant BQ.1 behind 1 in every 10 cases in US: CDC
Experts have cited the "sizable number of unique mutations" in variants like BQ.1 in speculating that it could evade immunity from prior infections or vaccination New York: New Covid strains are gaining ground across the world and in the US, new variant BQ.1 now makes...
Four in five cities across world facing significant climate hazards such as heat waves,floods and droughts
CDP’s report “Protecting People and the Planet” surveyed 998 cities from across the globe and showed that in addition to 80% facing extreme climate events, for nearly a third, climate-related hazards threaten at least 70% of their populations. Four in five cities...
Miller appoints Matthew Hooker as regional Head of Energy for Asia-Pacific
Matt’s appointment forms part of Miller’s wider growth strategy in the region and follows recent senior hires to the Singapore team, including Ron Whyte as Head of Strategic Development and Nick King as Head of Marine London: Miller, the leading independent specialist...
World dangerously close to recession, warns World Bank President
All of the problems that people have taken note of, the inflation problem, the interest rate rises, and the cutoff of capital flows to the developing world hits the poor hard, he said, adding that's a huge challenge for the bank Washington: World Bank President David...