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Buffett’s insurance leader Ajit Jain sells large part of Berkshire stake
Ajait Jain, vice chairman, Berkshire Hathaway Jain’s selling...
DBS looks for bancassurance partnership in India and Taiwan
The Singapore-based lender is working with Goldman Sachs Group Inc....
U.S. automakers to say they aspire to up to 50% of EV sales by 2030 -sources
Automakers are spending tens of billions of dollars to speed EV adoption, even though U.S. EV sales outside Tesla Inc’s remain small. Consulting firm AlixPartners in June said investments in electric vehicles by 2025 could total $330 billion, a 41% increase from the firm’s comparable five-year investment outlook a year ago. As of now, electric vehicles represent about 2% of total global vehicle sales, and will be about 24% of total sales by 2030, the firm forecast.
Delta variant’s spread seen pushing herd immunity threshold above 80%
That represents a “much higher” bar than previous estimates of 60% to 70%, because delta is twice as transmissible, said Richard Franco, an assistant professor at the University of Alabama at Birmingham.
“It is becoming clear that this is a very dangerous, way more dangerous virus than the original one,” Franco said.
Depression affects more than 260 million people globally:UN
Depression affects more than 260 million people in the world while around half of all mental health conditions start by the age of 14, according to the news release. Suicide is the fourth leading cause of death in young people aged 15-29.
Working from home, unemployment, school closures and social isolation have affected people around the world during the COVID-19 pandemic; the challenges for people with mental health conditions, for whom access to treatment has, in many cases, been disrupted, are even greater.
‘1 in 3 Indian PC home users at high risk of cyber attack’
For this type of threat, Indian home users have a 5.78 per cent risk ratio, which is higher than the global average.Home users around the world have a 29.39 per cent chance of encountering any type of PC malware, which represents an increase of around 5 per cent compared to the previous year.
Geographies with more conflictive socio-political situations, such as the Middle East, Asia, Africa, and Eastern Europe, seem to be facing more risk in the online world as well.
Financial regulators urgently need to get a grip on ‘Big Tech’: BIS
Global watchdogs are increasingly wary that the huge amounts of data controlled by groups such as Facebook, Google, Amazon and Alibaba could allow them to reshape finance so rapidly that it destabilises entire banking systems.
Descartes Underwriting opening 2 offices in Asia-Pacific
“We are proud to bring Descartes’ solutions closer to brokers and corporate clients. As a region, Asia-Pacific is more exposed to natural catastrophes and extreme weather events than others. From record breaking super typhoons Goni and Amphram in 2020, major hail events and bushfires in Australia, and tragic 1-in-1000 year flooding in China and India this summer – the rising incidence of severe weather throughout the region is compounded by climate change and is resulting in increased year-after-year losses”, said Robert Drysdale, Head of Southeast AsiaDescartes Underwriting,
Aon’s looking at up to $1.4 bln in costs over scrapped Willis deal
The extra costs, which would range between $350 million and $400 million, could be incurred in the third quarter, Aon Chief Financial Officer Christa Davies said on a post-earnings call with analysts.
UAE lifts ban on transit flights including from India and Pakistan
India and Pakistan are important markets for Emirates, Etihad Airways and other UAE carriers flydubai and Air Arabia .
The Gulf state, a major international travel hub, had banned passengers from many South Asian and African states travelling through its airports this year because of the coronavirus pandemic.
Howden appoins a head in newly created Entertainment practice
Connell joins Howden from EC3 Brokers where he was Head of Contingency and Entertainment, a role he has held for the past four years. In his new role, he will be responsible for developing and delivering creative solutions for clients in the entertainment sector, enabling them to navigate the continued insurance and risk management related challenges posed by Covid-19
Ransomware attacks hit record 300 mn in 1st half of 2021: Report
In line with spikes in global data, the researchers also recorded alarming ransomware spikes across key verticals, including government (917 per cent), education (615 per cent), healthcare (594 per cent) and retail (264 per cent) organisations.
“In a year driven by anxiety and uncertainty, cybercriminals have continued to accelerate attacks against innocent people and vulnerable institutions,” Bill Conner, President and CEO, Sonic Wall, said in a statement.