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APAC: Climate change response held back by insufficient data
“The deadly heat waves and catastrophic floods we’ve seen in recent...
Malawian govt receives $11.2 million insurance pay out for Niño-linked drought
Malawi had a drought insurance policy through the bank and the...
Final settlement for Brazil’s Samarco dam disaster could reach $19 bln, governor says
That estimate is nearly four times higher than an initial deal struck with mining companies in 2016, which created a foundation to implement reparations and temporarily froze lawsuits relating to the incident. “The expectation is that the agreement is around 100 billion reais,” Romeu Zema, governor of Minas Gerais, told Reuters in an interview late on Friday.
Pandemic recovery to push emissions to all-time high – IEA
Spending plans for clean energy allocated by governments around the world in the second quarter of this year add up to $380 billion, making up just 2% of their total stimulus funds in response to the pandemic, the IEA said. The energy watchdog said the figure represented around a third of what it envisioned was needed to put the world on course to reach net-zero emissions by mid-century.
China puts controlling stake of revamped Anbang on the block for $5.2 bln
China Insurance Security Fund Co Ltd., the state rescue fund for the insurance sector which is controlled by the Ministry of Finance, aims to auction all of its 98.23% stake in Dajia for 33.38 billion yuan.
South Africa’s riots insurer in spotlight after days of Carnage
While some claims will be assessed by heavyweight insurers such as Old Mutual Group Ltd. and Santam Ltd., the bulk of the burden will fall to one company little known outside the country: Sasria Insurance Ltd.
Sasria, a state-owned firm with 8.5 billion rand ($591 million) in assets under management, was founded shortly after the Soweto uprising of 1976, when at least 176 people died in demonstrations led by school children against the apartheid government. The frequency and scale of political protests that followed prompted private insurers to stop offering cover to vulnerable businesses, and Sasria was crated to fill the void.
US to expose China’s ‘malicious cyber activities’ after threat to economic, national security
In the announcement which will be made tomorrow morning at 7 am (local time), there will be three things including — an unprecedented group of allies and partners (the European Union, the United Kingdom, Australia, Canada, New Zealand, Japan, and NATO) will be joining the US in exposing and criticising the PRC’s Ministry of State Security’s malicious cyber activities. This is the first time NATO has condemned PRC cyber activities, the officials said via Teleconference.
“We will show how the PRC’s MSS — Ministry of State Security — uses criminal contract hackers to conduct unsanctioned cyber operations globally, including for their own personal profit. Their operations include criminal activities, such as cyber-enabled extortion, crypto-jacking, and theft from victims around the world for financial gain,” the officials said.
FACTBOX:Automakers cutting back on rare earth magnets
Permanent magnet motors – using rare piles of the earth such as neodymium and dysprosium – naturally have a magnetic force. These are at the heart of many electric motors, powering the rotor of the drivetrain.
Motors without permanent magnets, such as induction motors, use electric current, often with copper wiring, to create a magnetic field and power the motor. These are cheaper, but less efficient and require a larger battery, reducing the driving range.
Zoom to buy cloud-based call centre operator Five9 in $15-billion deal
The San Jose, California-based company is now shifting focus to its two-year-old cloud-calling product Zoom Phone and conference-hosting product Zoom Rooms as bigger players Facebook and Alphabet’s Google amp up their video products.
India among top three countries facing phishing attacks via WhatsApp and Telegram, reveals report
The biggest share of detected malicious links between December 2020 and May were sent via WhatsApp (89.6 per cent), followed by Telegram (5.6 per cent), according to data shared by Kaspersky Internet Security for Android, part of the cyber security firm Kaspersky Lab.
Countries experiencing the highest number of phishing attacks were Russia (46 per cent), Brazil (15 per cent) and India (7 per cent).
WHO warns world in early stages of third Covid wave
The reversal has been attributed to low vaccination rates, the relaxation of mask rules and other precautions, and the swift spread of the more-contagious delta variant, which WHO said has now been identified in 111 countries and is expected to become globally dominant in the coming months.
Climate change is driving a large increase in intense, slow-moving storms, a new study has found.
Researchers from the Newcastle University and the UK Met Office Hadley Centre used very detailed climate model simulations and found that slower storm movement acts to increase the amount of rainfall that accumulates locally, increasing the risk of flash floods across Europe beyond what has been expected based on previous studies.
The scientists estimate that these slow-moving storms may be 14 times more frequent across land by the end of the century. It is these slow-moving storms that have the potential for very high precipitation accumulations, with devastating impacts, as currently seen in Germany and Belgium.