The storm was on a collision course for the Tampa Bay metropolitan...
Category:
International News
Latest
Absence of major losses paves the way for competitive pricing in power insurance sector: WTW
A shift in appetite from coal to non-coal power and the phasing out...
Cognizant adopted discriminatory practices against non-Indians: US jury
The verdict came after the IT firm failed to persuade a Los Angeles...
Global insured Cat losses rise to USD 112 billion in 2021, the fourth highest on record: Swiss Re
The two costliest natural disasters of the year were both recorded in the US. Hurricane Ida wreaked USD 30 – 32 billion in estimated insured damages,including flooding in New York, and winter storm Uri caused USD 15 billion in insured losses, ”In 2021, insured losses...
Powerful quake strikes Indonesia; residents flee into streets
Alfons Hada Betan, head of East Flores Disaster Mitigation agency in Larantuka said there were no immediate reports of damage and the quake was felt for several minutes as people fled from their homes.People said on social media the earthquake was also felt strongly...
Widely used software with key vulnerability sends cyber defenders scrambling
The vulnerability, known as Log4j, comes from a popular open source product that helps software developers track changes in applications that they build. It is so popular and embedded across many companies' programs that security executives expect widespread abuse....
ADB trims developing Asia’s growth forecasts over Omicron risks
China's economy, which staged an impressive rebound from last year's pandemic slump, has lost momentum in recent months as it grapples with surging prices, a slowing manufacturing sector, debt problems in the property market and persistent COVID-19 outbreaks. MANILA:...
From heatwaves to floods, climate change worsened weather extremes in 2021
Climate change is strengthening hurricanes, while also causing them to linger longer over land – dumping more rain on an area before moving on. Studies also suggest these storms are becoming more frequent in the North Atlantic. Extreme weather events in 2021 shattered...
First death with Omicron variant in United Kingdom
The variant now accounted for around 40% of infections in the capital Britain gave no details on the death or whether the patient had been been vaccinated or had underlying health issues. Deaths from Omicron may have occurred in other countries but none has been...
Freight cost hits highest due to Omicron, threatening export companies
Due to the surge in freight rate, export companies are worried. This is because the year-end season is the biggest shopping season, including Christmas, but the profitability will inevitably deteriorate due to high fares even if they secure the freight spaces. It is...
Investors push world’s top chemicals companies over hazardous substances
The move by 23 investors including Aviva Investors and Storebrand comes as regulators toughen rules around their use and as analysts warn some companies could face billions of dollars in associated clean-up and compensation costs. In a letter to the world's 50-biggest...
UK’s Johnson warns of Omicron ‘tidal wave’, says two doses not enough
Boris Johnson,Prime Minister,UK Data released on Friday showed that vaccine efficacy against symptomatic infection was substantially reduced against Omicron with just two doses, but a third dose boosted protection up to over 70%.In order to hit the accelerated rollout...
Top equity funds in Asia are all buying China’s green stocks
China’s push to reach carbon neutrality by 2060 is fueling growth in what is already the world’s largest renewables market and a leading one for electric-vehicle automakers and suppliers. That’s produced record rallies and eye-watering valuations for some stocks in a...