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ECB warns of stability risks from global elections, geopolitics
Global dangers have only increased since Russia invaded Ukraine on...
EU finalises investment fund labels to combat greenwashing
The European Securities and Markets Authority (ESMA) said a fund...
Biden budget sets aside $750 mln for SolarWinds response
The money comes on top of a $500 million fund for federal cybersecurity as the U.S. government recovers from the cyber attack that hit nine agencies including the State Department and Treasury.
The hack of information technology company SolarWinds, which was identified in December, gave access to thousands of companies and government offices that used its products. Microsoft President Brad Smith described the attack as “the largest and most sophisticated attack the world has ever seen”.
UK could make COVID-19 jabs compulsory in healthcare, minister says
“It would be incumbent on any responsible government to have the debate, to do the thinking as to how we go about protecting the most vulnerable by making sure that those who look after them are vaccinated,” he told Sky News.
Nuclear flash cards: US secrets exposed on learning apps
“By simply searching online for terms publicly known to be associated with nuclear weapons, Bellingcat was able to discover cards used by military personnel serving at all six European military bases reported to store nuclear devices,” wrote Foeke Postma, the author of the Bellingcat article.
South Asia crosses 30 million COVID-19 cases as India battles second wave
The South Asia region – India, Bangladesh, Pakistan, Bhutan, Nepal, Maldives and Sri Lanka – accounts for 18% of global cases and almost 10% of deaths. But there is growing suspicion that official tallies of infections and deaths are not reflecting the true extent of the problem.
World needs $8.1 trillion of investment of by 2050 to combat climate, biodiversity and land degradation crises:UN
Inger Andersen, Executive Director of the UN Environment Programme (UNEP), said biodiversity loss is already costing the global economy 10 percent of its output each year.
Although investing in nature supports the health of all beings, improves the quality of life, and creates jobs, it accounts for just 2.5 per cent of projected economic stimulus spending in the wake of the pandemic. Therefore, private capital will have to be increased to close the investment gap.
After Colonial attack, energy companies rush to secure cyber insurance
Insurers are preparing to increase cyber insurance premiums by 25% to 40% across many industries because of the number of claims, insurance companies and brokers have said. But energy companies should expect rate increases at the higher end of the spectrum as the Colonial attack exposed their vulnerabilities and exposed insurers to losses.
Lloyd’s to partner London Market Insurance Companies and DXC Technology to transform its digital processing
London: Lloyd’s, London Market Insurance Companies and DXC Technology partner to transform the technology and digital processing that powers the world’s largest insurance marketplace. Lloyd’s, DXC Technology, the Boards of the Lloyd’s...
Amid dispute, Suez Canal blames ship’s grounding on speed, rudder
The Suez Canal Authority (SCA) sought compensation of $916 million for the blockage in court but later reduced its request to $550 million, including a $200 million deposit to secure the ship’s release.
It says the owner has offered $150 million in compensation. Shoei Kisen has not commented on the negotiation.
Chubb makes leadership changes in Asia Pacific
Edward Ler, currently Country President for Chubb’s general insurance business in Korea, has been appointed to the position of Head of Southeast Asia. Ler will be responsible for the general management and business results in the six countries of Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam. He replaces Glen Browne, who was recently appointed as Division President – Consumer Lines, Asia Pacific
ExxonMobil, Chevron investors vote for more action on climate change
The dual decisions at the two biggest US oil giants’ annual meetings are clear evidence that addressing climate change has moved from being an environmentalist cause to one championed by mainstream investors.