The group, which includes Allianz SE and the California Public...
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Amundi SA eyes acquiring control of Allianz Global Investors
Rising costs and pressure on fees are prompting asset managers to...
Ammunition used in CEO’s killing had ‘deny,’ ‘defend’, ‘depose’ written on it
The message left on the ammunition echoes the phrase “delay, deny,...
UK regulatory shake-up could address lack of domestic commercial reinsurance -lobby group
Britain's upper chamber of parliament, the House of Lords, said late last week that its Industry and Regulators committee of lawmakers was launching an inquiry into the regulation of the London insurance market and how to improve the regulatory set-up for the industry...
Covid-19 health emergency could be over this year, says WHO
Dr. Michael Ryan said “we may never end the virus” because such pandemic viruses “end up becoming part of the ecosystem.” But “we have a chance to end the public health emergency this year if we do the things that we’ve been talking about,” he said. The worst of the...
After supply, logistics emerges as biggest threat to global vaccination programs
Developed countries are getting to the point where they are choosing to live with Covid and treat it as endemic, their hospital systems insulated by higher vaccination rates. But logistical issues continue to bedevil the rollouts of poorer countries, becoming one of...
Airlines scramble to rejig schedules amid US 5G rollout concerns
The world's largest operator of the Boeing 777, Dubai's Emirates, said it would suspend flights to nine U.S. destinations from Jan. 19, the planned date for the deployment of 5G wireless services. Major international airlines rushed on Tuesday to rejig or cancel...
Deploying new 5G service will cause “catastrophic” aviation crisis :Major US airlines
The airlines warned the new C-Band 5G service set to begin on Wednesday could render a significant number of widebody aircraft unusable, “could potentially strand tens of thousands of Americans overseas” and cause “chaos” for U.S. flights The chief executives of major...
Drinking water, ash big concern as Tonga damaged after tsunami
The eruption of the Hunga-Tonga-Hunga-Ha'apai volcano triggered a tsunami on the shores of Tonga and cut off phone and internet lines for the entire island. International communication has been severely hampered by damage to an undersea cable, which could take more...
Explainer: Scientists struggle to monitor Tonga volcano after massive eruption
Saturday's eruption was so powerful that space satellites captured not only huge clouds of ash but also an atmospheric shockwave that radiated out from the volcano at close to the speed of sound Some volcanologists are likening the eruption to the 1991 Pinatubo...
Super-rich thrive as COVID-19 pushes millions into poverty
A new billionaire has been created every 26 hours since the pandemic began. - More than 160 million people are estimated to have been pushed into poverty during the health crisis The world's 10 wealthiest people more than doubled their fortunes to $1.5 trillion during...
Nearly half of GDP in cities at risk from nature loss: WEF survey
The good news is that nature-based solutions for infrastructure are 50 per cent cheaper than alternatives and deliver 28 per cent greater added value in terms of productivity, while they can also create much-needed jobs nearly 60 million by 2030 if necessary...
China’s economy grows 8.1% to $18 trillion in 2021, expands 4% in the last quarter
The per capita GDP of China reached around USD 12,500 in 2021, exceeding the global average At the end of 2021, China's population on the mainland grew to 1.4126 billion from 1.4120 billion in 2020.China's population increased by 480,000 year-on-year, down from 12...