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Swiss Re withdraws from iptiQ business, appoints Ivan Gonzalez as CEO Corporate Solutions
Moses Ojeisekhoba, CEO Global Clients and Solutions, to pursue...
ISRO: Earth Impacted by Intense Solar Storm
''This is the biggest geomagnetic storm since 2003 in terms of its...
Indian ports on east coast restrict activities ahead of cyclone
The Indian Meteorological Department (IMD) has warned that a “very severe cyclonic storm” would impact Indian states including Odisha and West Bengal, where key ports are located.
Macron calls for WHO powers to be boosted, Merkel backs call for pandemic treaty
Macron and German Chancellor Angela Merkel, in separate pre-recorded remarks to the WHO’s annual ministerial assembly, called for the U.N. agency’s funding to be improved and backed the idea of a new international treaty to prevent pandemics.
As China grows old, elder care costs loom large
According to the National Bureau of Statistics (NBS), in about 25 years, one-third of China’s population will be retirees, and their living and health care expenses will take up one-fourth of the country’s Gross domestic product (GDP). Moreover, China’s increasing elderly population will reduce the supply of labor force and increase the burden on families’ elder care and the pressure on the supply of basic public services.
AIIB strengthens its Environmental and Social Standards
The ESF guides AIIB and its clients in the management of environmental and social risks and impacts of AIIB-financed projects.
Originally adopted in February 2016, the ESF serves as the cornerstone of AIIB’s commitment to supporting environmentally and socially sustainable infrastructure projects for its clients.
Ship owner says Suez Canal was at fault over Ever Given grounding: Lawyer
The Ever Given, one of the world’s largest container ships, became jammed across the canal in high winds on March 23, and remained grounded for six days, blocking traffic in both directions and disrupting global trade.
The vessel has since been held in a lake between two stretches of the canal as the Suez Canal Authority (SCA) pursues a $916.5 million claim against Japanese owner Shoei Kisen.
CNA Paid $40 Million in Ransom After March Cyber Attack
Ransomware attacks — and particularly payments — are rarely disclosed so it’s difficult to know what the biggest ransoms have been. The average payment in 2020 was $312,493, according to Palo Alto Networks, a 171% increase over the previous year. The $40 million payment is bigger than any previously disclosed payments to hackers, according to three people familiar with ransomware negotiations.
Biden directs US federal agencies to mitigate financial risk from climate
An executive order Biden issued Thursday calls for concrete steps to mitigate climate risks, while protecting workers’ life savings, spurring job creation and helping the United States lower greenhouse gas emissions that contribute to climate change.
New regulations could be issued on the banking, housing and agriculture sectors, among others.
Canada unprepared for facing climate change induced mega-hurricane-risk:Swiss-re-
But as ocean surfaces warm, the frequency, duration and intensity of storms increase. That’s extending their range and making Canada, where just one or two tropical cyclones make landfall each year, more vulnerable, according to the Zurich-based company, which provides reinsurance to 15% of the country’s insurance industry.
Italy probes Allianz Direct, Zurich for alleged cartel among automobile insurers
In a statement, the Italian Competition Authority said the companies involved were able to charge consumers higher premiums for automobile insurance policies as a result of the insurers and price comparison companies regularly sharing reports, prepared by the price comparers, of “sensitive information” on the market for auto policies.The probe involves, among others, Allianz Direct, Admiral Intermediary Services, Linear, Genertel, Zurich and price comparison websites such as facile.it.
Hackers offer decrypt key to Irish Health Service with a catch
While seeming to offer an olive branch — sharing a link to download the decryption key — the group reiterated its threats to disclose patient data unless Irish authorities paid the $20 million ransom demand.
“We are providing the decryption tool for your network for free,” the hackers said in the message posted on Thursday, which was reviewed by Bloomberg News. “But you should understand that we will sell or publish a lot of private data if you will not connect us and try to resolve the situation.”