Recent years have also seen a growing list of pharma, food, and...
Category:
International News
Latest
Facebook users affected by data breach eligible for compensation, German court says
Thousands of Facebook users in Germany are demanding compensation...
Life insurance drives global premium growth as interest rates remain higher for longer, says Swiss Re
Insurance premium growth forecast in real terms...
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...
Deal or no deal, insurance rates soar to cover M&A boom
Potential buyers take out insurance to protect against issues such as misrepresentation by a target of its performance or order book, while sellers buy cover to ensure a clean exit. The M&A insurance market has risen to more than $5 billion from less than $3...
COVID crisis led to significant economic losses for BRICS: RBI
The COVID crisis has led to significant economic losses and made the social fabric of the BRICS fragile by amplifying unemployment, poverty, gender disparity and migration risks, the bulletin noted. Mumbai:The COVID crisis has led to significant economic losses and...
Major outage hits Amazon Web Services; many sites affected: Report
More and more these outages end up being the product of automation and centralization of administration,said Doug Madory, director of internet analysis at Kentik Inc, a network intelligence firm . This ends up leading to outages that are hard to completely avoid due...
IMF, 10 countries simulate cyberattack on global financial system
Rahav Shalom-Revivo, head of Israel's financial cyber engagements, said international collaboration between finance ministries and international organizations "is key for the resilience of the financial eco-system." JERUSALEM: Israel on Thursday led a 10-country...
Swiss Re agrees to sell elipsLife to Swiss Life International
Andreas Berger, Chief Executive Officer Swiss Re Corporate Solutions, said: “We are very pleased to have found the perfect partner in Swiss Life to take elipsLife into a successful future. The sale will allow Corporate Solutions to focus on continuing the strong...
Canada’s CPP Investments seeks to sell insurance groups in strategy U-turn
Private equity firms and investment managers including Blackstone Inc, Brookfield Asset Management and KKR & Co Inc have been building up their insurance arms in the last two years. They see an opportunity to use the capital from life insurance and annuities...
More companies in Asia seek carbon offsets after COP26 -industry exec
The hard-fought Glasgow Climate Pact sent a clear message to global companies to reassess business strategies and carbon footprints to reap monetary rewards, or lag and risk losses As a result, there is a growing demand for carbon offset instruments, such as renewable...