The proposed break-up floated in a 23-page document filed late...
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Aon appoints Magnus Roe as global chief data and analytics Officer based in Singapore
Magnus Roe, global chief data and analytics officer, Aon This...
Emerging-risk resilience: Majority of APAC risk leaders concerned about their organisations in the next decade
Geopolitical issues, natural catastrophe events, climate transition...
38℃ record Arctic temperature confirmed, others likely to follow: WMO
The furnace-like conditions also contributed to 2020 becoming one of the three warmest years on record, the WMO spokesperson explained, adding that the Siberian heatwave "would have been almost impossible without climate change". UN : A new and disturbing high...
HSBC says clients must have plan to exit coal by end-2023
Under its plan, HSBC will cut exposure to thermal coal financing by at least 25% by 2025 and 50% by 2030, although non-EU or non-OECD-based clients could be funded until a global phase-out by 2040, its sustainability chief told Reuters HSBC said its new policy would...
Pfizer Covid pill nearly 90% effective, works on Omicron, shows lab data
77 countries have now reported cases of Omicron & the reality is that Omicron is probably in most countries, even if it hasn’t been detected yet. Omicron is spreading at a rate we have not seen with any previous variant, said Tedros Ghebreyesus,...
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...