The move by the International Auditing and Assurance Standards...
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Despite Trump order, abandoning DEI could land companies in legal trouble
“When companies are sued by women or people of color and they're...
LA wildfires may use up over 30% of Cat budgets of Europe’s largest reinsurers for 2025
The impact of the fires on European reinsurers’ natural catastrophe...
U.N. launches group to hold companies to account for net-zero pledges
U.N. Secretary-General António Guterres said the group of 16 experts will analyze the net-zero plans of companies, investors, cities and regions in order to develop stringent and transparent standards to ensure they deliver their promises WASHINGTON: The United...
China and India biggest domestic market opportunities for insurance: HSBC
“Mainland China and India are growing at fast rates and are two of the biggest domestic market opportunities,” said Greg Hingston, global chief executive, HSBC Holdings Plc’s insurance Opportunities will likely be in places like Singapore, India and mainland China,...
Ukraine guarantees insurance payouts for vessels damaged at its Danube ports
Ukraine exports almost all its commodities through Black Sea ports now blocked due to the Russian invasion. The government did not provide details of the insurance system but instructed the infrastructure ministry to develop a plan Marine fuel sellers have stopped...
Scientists publish the first complete human genome of world’s 7.9 billion people
"Generating a truly complete human genome sequence represents an incredible scientific achievement, providing the first comprehensive view of our DNA blueprint," Eric Green, director of the National Human Genome Research Institute (NHGRI), part of the U.S. National...
Fossil fuel backers overshadow climate change talks in Dubai
The United Nations Intergovernmental Panel on Climate Change and other international bodies have said that to address climate change there should not be new investments in fossil fuel infrastructure and that the fuels, which are mostly responsible for climate change,...
Swiss Re shareholders urged to oppose chairman’s re-election in gender row
"At Swiss Re, we embrace and build diversity, equity and inclusion, bringing together the best of multiple generations, cultures, skillsets and thinking," the company said in a statement to Reuters ZURICH: Swiss Re shareholders have been urged to vote against the...
S&P Global says Russia-Ukraine insurance losses could reach $35 billion
This includes possible aviation insurance losses totalling $6-15 billion, S&P said in a report. Other speciality lines likely to be affected by the conflict include cyber, political risk and marine war insurance, S&P said LONDON: S&P Global sees losses in...
US$320m WB loan to promote green agriculture and rural development in China’s Southwest
Despite rapid gains in poverty reduction in recent years, two thirds of the rural population have incomes below $5.50 per day, the poverty line for upper middle-income countries. Increasing unsustainable agricultural practices, natural resource degradation and GHG...
World Bank approves $250m to help Bangladesh enhance resilience to future shocks
This financing will help Bangladesh harness digital technology to ensure green and resilient growth, said Bernard Haven, World Bank Senior Economist and Task Team Leader for the project Fiscal and financial sector policies will help sustain growth, while enhancing the...
New Russian airliner will use domestic engines, given sanctions – official
The medium-range plane, also known as the MC-21, can carry more than 200 passengers and is due to enter service this year. First designed with engines from Pratt and Whitney, a unit of Raytheon Technologies, in December 2020 the plane flew for the first time with...