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Japan issues emergency warning as powerful Typhoon Shanshan nears
The meteorological agency issued an emergency warning saying the...
Red Sea insurance nearly doubles after attacked oil tanker appears to leak oil
Insurance industry sources said on Wednesday additional war risk...
Azentio Software acquires insurance digitalisation specialist Candela Labs
This is Azentio’s first acquisition as an independent company following its carve out from 3i Infotech in 2020.The acquisition is an important building block in Azentio’s growth plans as it looks to become the preeminent BFSI led technology products company in the high-growth APAC and MEA markets.
European Commission plans cyber unit to tackle online crime in EU
“Today, we can no longer distinguish between online and offline threats. We need to pool all our resources to defeat cyber risks and enhance our operational capacity,” Commission Vice President Margaritis Schinas said in a statement.
EU watchdog tells banks to have a 10-year climate plan
Climate risks can include “physical” or weather-related events like floods, and “transition” risks from sudden changes in asset values.
A report from the European Banking Authority (EBA) on Wednesday set out recommendations for banks and their supervisors for approaching ESG risks and help the EU meet its goals of cutting carbon emissions by 2050.
FDA to add warning about rare heart inflammation to Pfizer, Moderna vaccines
Health regulators in several countries have been investigating whether the Pfizer/BioNTech and Moderna shots using new mRNA technology present a risk and, if so, how serious.
Now in 85 countries, Delta variant expected to become dominant lineage: WHO
WHO noted that since the last detailed update on June 8, new evidence has been published on the phenotypic characteristics of the Delta variant. A study from Singapore showed that infection with Delta variant was associated with higher odds of oxygen requirement, intensive care unit (ICU) admission, or death, it said.
Bezos’ 2021 Space Odyssey a risk too far for insurers
There is a nearly $500 million market to insure satellites, rockets and unmanned space flight, but no legal requirement for an operator such as Blue Origin, which Bezos founded, to insure passengers for injury or death or for space tourists to have life cover, brokers and insurers said.
“We’re not aware of a case where anybody is insured against passenger liability,” Neil Stevens, senior vice president, aviation and space at Marsh, the world’s biggest insurance broker, told Reuters.
Adani’s Bravus pushes ahead with new Australian thermal coal mine
The International Energy Agency (IEA) warned last month that investors should not fund new oil, gas and coal supply projects if the world wants to reach net zero emissions by mid-century.
But Australia, the world’s top coal exporter, is considered a global laggard in climate change policy as, unlike many other developed countries, its Prime Minister Scott Morrison has not set out a path to zero emissions by 2050.
Delta variant ‘greatest threat’ to US’ COVID-19 efforts: Dr Fauci
”Similar to the situation in the UK, the Delta variant is currently the greatest threat in the US to our attempt to eliminate COVID-19,” Fauci told reporters during a virtual news conference here.
However, the “good news” is that the US vaccines are effective against the Delta variant, said Fauci, the head of the National Institutes of Allergy and Infectious Diseases (NIAID).
World Bank, African Union join forces to expand access to Covid-19 vaccines
Strive Masiyiwa, African Union special envoy, said the collaboration between the World Bank and African institutions such as the Africa Import Export Bank and the Africa Centre for Disease Control would provide the capacity to vaccinate at least 400 million people or 30% of the total African population.
Mongolia,Bahrain and Seychelles battling a surge in Covid-19 infections despite administering Chinese vaccine
All three put their faith, at least in part, in easily accessible Chinese-made vaccines, which would allow them to roll out ambitious inoculation programmes at a time when much of the world was going without.
But instead of freedom from the coronavirus, all three countries are now battling a surge in infections.China kicked off its vaccine diplomacy campaign last year by pledging to provide a shot that would be safe and effective at preventing severe cases of Covid-19.