Allianz said the deal will turn it into the fourth-largest...
Category:
International News
Latest
Robust economies set to drive global insurance growth and profitability, says Swiss Re
Jérôme Haegeli, Group Chief Economist, Swiss Re Jérôme Haegeli,...
Be wary of scams as Amazon Prime Day kicks off, experts warn
In updated guidance published last week, the Better Business Bureau...
China’s internet watchdog issues notices to 129 mobile apps for illegally collecting personal info
Popular news aggregation app Jinri Toutiao developed by TikTok owner ByteDance, alongside Tencent-operated Kuai Bao and Tencent News, Sogou News by New York listed Sogou, and Nasdaq-listed Qutoutiao, were among a group of news apps that received an order from the Cyberspace Administration of China on Friday to rectify their data practices within 15 days, the Hong Kong-based South China Morning Post reported.
‘Worse than Covid’: Threat of pandemics spurs race for vaccines in 100 days
The specter of another global crisis, along with the potential emergence of a deadlier foe, is pushing disease trackers to begin preparations now, even as Covid continues to rage in some regions. Researchers and governments want to smash vaccine development records set during this pandemic, harnessing technologies such as messenger RNA, and build a stronger system that can respond swiftly to stop the next outbreaks from exploding when they do occur.
Child labour records 1st rise in 20 years, millions more at risk due to Covid: Report
”The number of children in child labour has risen to 160 million (16 crore) worldwide — an increase of 8.4 million (84 lakh) children in the last four years — with millions more at risk due to the impacts of COVID-19,” the report said.
UNICEF India Representative Dr Yasmin Ali Haque said the coronavirus pandemic has clearly emerged as a child rights crisis, aggravating the risk of child labour as many more families are likely to have fallen into extreme poverty. ”Children in poor and disadvantaged households in India are now at a greater risk of negative coping mechanisms such as dropping out of school and being forced into labour, marriage, and even falling victim to trafficking,” she said.
Delta variant 60% more transmissible, reduces vaccine effect: UK experts
However, while vaccination reduces the risk of severe disease, it does not eliminate it. With data showing that Delta is significantly more transmissible than Alpha, it is just as important as ever to follow public health advice, which has not changed. Get vaccinated, work from home where you can and remember hands, face, space, fresh air’ at all times. These measures work, and they save lives, Dr Jenny Harries, Chief Executive of the UK Health Security Agency. said.
China tells banks, insurers to prepare ‘living wills’ to deal with potential risks
Insurers with no less than 200 billion yuan of total on-book assets at home and abroad should also prepare such plans, it added.
Volkswagen to receive 270 million euro from its D&O Liability insurers in dieselgate settlement
The settlement marks a major milestone in Volkswagen’s efforts to turn a page on its biggest ever corporate scandal, which has cost it more than 32 billion euros in vehicle refits, fines and legal costs so far.
The scandal, which Volkswagen initially blamed on a small number of rogue engineers, also spurred it to launch a huge investment in electric cars.
UN-backed report finds no G7-based stock exchange indices align with Paris climate goals
Some 64 per cent of all corporate greenhouse gas emission reduction targets disclosed to CDP last year, were set by companies headquartered in G7 countries, and the annual rate of science-based targets doubled in 2020 versus 2015 to 2019.
Gmail blocks more than 100 million phishing attempts daily, says Google
“We are deeply concerned by these trends. Security is the cornerstone of our product strategy. We have dedicated teams like Project Zero who focus on finding and fixing vulnerabilities across the web to make the internet safer for all of us,” said Kent Walker, SVP of Global Affairs at Google.
Meatpacker JBS paid equivalent of $11 mln in ransomware attack
The Wall Street journal reported on Wednesday that the JBS ransom payment was made in bitcoin. The Justice Department on Monday recovered some $2.3 million in cryptocurrency ransom paid by Colonial Pipeline Co, cracking down on hackers who launched the attack.
With $42.61 billion net prm, Munich Re retains its ranking as top global reinsurer in 2020: S&P
From Asia ,China Re at the 7th position, Korea Re at the 14th ranking, and India’s GIC Re at 16th place are part of the S&P’s 2020 Top 25 global reinsurers’ list