The findings, released in a report on Friday, included "imminent,...
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Economic threats continue to overshadow climate and cyber risks
Extreme weather events featured in the G20’s top five risks, as the...
US Healthcare industry rethinks risk after murder of UnitedHealth exec
Before the shooting, most risk assessment efforts were conducted...
Biden economic agenda focusses on climate, inclusive growth and elder care: Janet Yallen
U.S. Treasury Secretary Janet Yellen Yellen said inadequate paid leave and high child care costs have kept many people out of the workforce, which could be remedied by the administration's proposed two years of universal early childhood education and expanded child...
Meta, Snap sued over social media ‘Addicted’ girl’s suicide
Meta and Snap knew or should have known that “their social media products were harmful to a significant percentage of their minor users,” according to the lawsuit. “In other words, defendants intentionally created an attractive nuisance to young children, but failed...
Climate, COVID, China: Takeaways from online Davos event
With Africa “the most negatively affected” by climate change though the continent contributes “the least” to it, Nigerian Vice President Yemi Osinbajo asked Friday for developed nations to remain committed to their pledge of providing $100 billion annually to support...
UK classifies new form of Omicron as ‘variant under investigation’
In total, 40 countries have uploaded 8,040 BA.2 sequences to the Global Initiative on Sharing All Influenza Data (GISAID) since November 17, 2021 and at this point, it is not possible to determine where the sub-lineage may have originated, . London: A new form of...
Back in court – UK hospitality groups take on insurers over lockdown losses
Corbin & King, the owner of London's Wolseley and Delaunay restaurants is suing AXA for around 4.5 million pounds in a dispute that hinges in part on the scope of "denial of access" cover, designed to protect insured venues that are shut by public authorities on...
Amid risk aversion in equities, Bitcoin plunges to lowest level since Aug
Virtual coins have become emblematic of a retreat in speculative investments sparked by the prospect of tighter monetary policy in the U.S. Bitcoin of late has tracked swings in technology stocks, which have been under pressure, with the Nasdaq 100 tumbling into a...
Global corporate funding in solar sector nearly doubles to $27.8 bn in 2021: Mercom Capital
“Most of the transactions involved solar downstream companies. The largest transaction in 2021 was Adani Green Energy Limited (AGEL), which acquired a 100 per cent stake in SB Energy India at an enterprise valuation of approximately USD 3.5 billion,'' the report said...
COVID-19 stalls growth in MENA insurance markets: AM Best
The report highlights some common themes as weaknesses, the most important of which is risk governance, with companies adopting basic or minimum requirements to run their businesses LONDON: Middle East and North Africa (MENA) insurance markets have seen robust growth...
Britain to curb marketing of crypto investments
“We are concerned that too many consumers are just ‘clicking through’ and accessing high-risk investments without understanding the risks involved,” the FCA said. The planned rules cover high-risk investments such as cryptoassets, including cryptocurrencies such as...
Millionaires group calls for wealth tax at virtual Davos
According to a study conducted by the Patriotic Millionaires together with Oxfam and other non-profits, a progressive wealth tax starting at 2% for those with more than $5 million and rising to 5% for billionaires could raise $2.52 trillion, enough globally to lift...