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Liberty Mutual considers selling its Thailand and Vietnam businesses
A move to sell Thailand and Vietnam would follow other previous...
Fed lowers rates but sees slower pace of further cuts, firmer inflation
U.S. central bankers now project they will make just two...
Time to ready global response to crypto risks, regulators say
Regulators worry increasingly about how a meltdown in cryptoassets – markets which are highly volatile and still opaque – would feed through into the wider financial sector London: Risks from the $2.6 trillion crypto market could grow quickly and regulators need...
Global insurance market sees higher M&A deals in 2021 despite pandemic: Clyde & Co report
The pandemic has accelerated innovation in the industry with re/insurers prepared to buy, fund or partner with the technology companies that can help provide product innovation and greater agility to deliver a competitive advantage, said the Clyde & Co. report,...
Climate migration fuels conflicts in Bay of Bengal region
Disastrous floods, deadly heatwaves and devastating cyclones are taking a heavy toll in the Bay of Bengal region, which covers more than 2 million sq km (772,204 sq miles) - impacting Bangladesh and parts of Sri Lanka, Indonesia, Myanmar and India Military and civil...
BIS chief says new policies needed to enhance resilience of private firms
"I think that now we need to move more into more focused and targeted type of policies that can enhance the resiliency of firms -- not of all of them because we know that they have been sectoral shifts, shifts in demand and so on and some firms regretfully will not be...
US Judge blocks Biden administration order on climate risks
The “social cost of greenhouse gases” estimate is used in rule-making and permitting processes to estimate economic damages associated with a rise in greenhouse gas emissions. Those could include things like impacts to agricultural productivity or property damage from...
Europe’s banks fund oil and gas expansion despite IEA warning -report
An IEA report in May said there should be no investment in new oil and gas fields in order to have a 50% chance of capping global warming at 1.5 degrees Celsius above the pre-industrial average. The financing comes despite 24 of the banks themselves pledging to...
UN to finalise science report on how warming hits home hard
Without getting into specifics, report co-chair Hans-Otto Poertner said the science is clear that there are limits — including temperature limits — to what key ecosystems, species and humans can withstand. And in some places, warming is near those limits and in a few...
Prudential’s next group CEO to be based in Asia
Shriti Vadera, Chair of Prudential, said "Given Prudential's focus on the growth markets of Asia and Africa, the board has decided with this managed transition of the leadership structure, that the roles of the group CEO and the group CFO will be based in Asia, where...
Switzerland to vote on becoming first nation to ban animal testing
Campaigners who want to end all experiments on mice, rats and other animals gathered enough signatures to stage the vote under the Swiss system of direct democracy, meeting strong opposition from the country's huge pharmaceutical sector Voters in Switzerland will...
Solar Storm hits SpaceX Satellites, pushes them out of Orbit
Up to 40 of the 49 small satellites launched last week have either reentered the atmosphere and burned up, or are on the verge of doing so, the company said in an online update Tuesday night There is no danger from these newly falling satellites, either in orbit or on...