“Water is the canary in the coalmine of climate change. We receive...
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Lloyd’s of London must stop supporting fossil fuel expansion says NGO
“Lloyd’s will continue to follow government policy and regulatory...
Russian strikes on Ukraine’s ports and ships push insurance rates up
Insurance sources said on Thursday the war premiums had jumped...
Tesla recalls more than 475,000 vehicles over Over Camera, Trunk Safety issues
“Unavailability of the rearview camera display may affect the driver’s rear view and increase the risk of a collision,” the National Highway Traffic Safety Administration (NHTSA) said Tesla Inc. is recalling more than 475,000 of its Model 3 and Model S electric cars...
Germany to pull the plug on three of its last six nuclear plants
The phase-out of an energy deemed clean and cheap by some is an irreversible step for Europe's biggest economy, facing ambitious climate targets and rising power prices BERLIN: Germany will pull the plug on three of its last six nuclear power stations on Friday,...
WHO’s Tedros concerned about ‘tsunami of cases’ from COVID-19 variants
Tedros Adhanom Ghebreyesus,director-general,WHO "Delta and Omicrom are now twin threats driving up cases to record numbers, leading to spikes in hospitalisation and deaths," said World Health Organization (WHO) director-general Tedros Adhanom Ghebreyesus GENEVA: The...
Asia keeps Omicron variant at bay, but a surge may be inevitable
Omicron cases are mounting, and experts say the next few months will be critical. Those fears have been amplified by doubts about the effectiveness of the Chinese-made vaccines used in China and much of the developing world Once the pace picks up, its upsurge would be...
Lloyd’s Asia launches new renewable energy consortium
The new consortium has been developed by Chaucer, Markel, and Munich Re Syndicate Ltd (MRSL) and has a maximum working capacity of USD100m per project It is expected that Asia Pacific will continue to outperform other regions as a market for the investment and...
Malaysia seeks U.N. climate adaptation funds amid deadly floods
Malaysia's National Adaptation Plan will focus on areas such as water, agricultural, and food security, public health, forestry, and infrastructure KUALA LUMPUR: Malaysia is seeking $3 million from the U.N. Green Climate Fund (GCF) to develop a national plan to adapt...
Adani Group nears first coal shipment from shunned Australian mine
Climate activists, concerned about carbon emissions and potential damage to Australia's Great Barrier Reef - both from global warming and dredging at Abbot Point port - brought several cases challenging government approvals for the mine Melbourne: India's Adani Group...
World economy now set to surpass $100 Trillion in 2022, India to become 3rd largest by 2031
British consultancy Cebr predicts India looks set to overtake France next year and then Britain in 2023 to regain its place as the world's sixth biggest economy, Cebr said Climate change will lower consumer spending by $2 trillion a year on average through 2036 as...
5,700 flights cancelled globally as Omicron hits Christmas weekend travel
"The nationwide spike in Omicron cases this week has had a direct impact on our flight crews and the people who run our operation," United said in a statement Friday Chinese airlines accounted for the highest number of cancellations, with China Eastern scrapping 1,000...
Global M&A activity smashes all-time records to top $5 trillion in 2021
"Corporate balance sheets are incredibly healthy, sitting on $2 trillion of cash in the U.S. alone -- and access to capital remains widely-available at historically low costs," said Chris Roop who co-heads North America M&A at JPMorgan Technology and healthcare,...