The Panama-flagged "Ultra Galaxy" ran aground close to Doring Bay,...
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CMA CGM says its ship lost 44 containers in tough weather
“No injury to the crew has been reported, no pollution, no strong...
Global reserve managers upbeat on growth but worry about politics
But 87% of the reserve managers surveyed flagged further escalation...
39 lakh people displaced in India in 2020 due to climate disasters, conflicts: Report
The top three countries with high internal displacements last year were China, Philippines and Bangladesh, where over four million people were displaced, according to the State of India’s Environment Report 2021 released by the Centre for Science and Environment.The report stated that 76 per cent of the internal displacements globally in 2020 were triggered by climate disasters.
It said 4.05 crore people were displaced in the world that year, out of which, 3.07 crore people were displaced due to climate disasters and 98 lakh due to conflicts and violence.
Number of babies born in Japan falls to record low
The coronavirus outbreak has hit birth rates around the world, including in the United States, despite early speculation that pandemic-related lockdowns may lead to a global baby boom. The number of registered marriages in Japan fell 12.3% last year to 525,490, a post-war record, the ministry said.
Pandemic slows in Asia and Europe
The biggest decrease was seen in Sweden, where new cases dropped by 36 percent, followed by Nepal (minus 35 percent), India (minus 33 percent), Bahrein (32 percent), Italy (31 percent), Ukraine (30 percent) and Japan (minus 29 percent).
However the number of cases rose by just over half in Oceania, by 18 percent in Africa and five percent in Latin America and the Caribbean.
UN launches Decade on Ecosystem Restoration to counter ‘triple environmental emergency’
With humanity facing a “triple environmental emergency” of biodiversity loss, climate disruption and escalating pollution, now is the time to act, UN Secretary-General António Guterres said in a video message for the online virtual gala.
EU takes on Facebook over ad data
* Alphabet’s Google: The world’s most popular internet search engine has been hit with total fines of 8.25 billion euros ($10 billion) in more than a decade of battles with the Commission over its shopping service, Android mobile operating system, and online advertising practices. The first fine came in 2010.
Brit launches new consortium for placement of “Marine War breach call risks”
Keel offers up to $152.2m of capacity per risk and provides instant quotes that are fully sanctioned screened – an area of increasing importance in the growing regulatory environment affecting marine war risks.
Summit secures additional $2.4 bln for COVID shots for poor countries
The funds will allow COVAX to secure 1.8 billion fully subsidised doses for delivery to lower-income countries in 2021 and early 2022, enough to protect 30% of adults in those nations, GAVI said in a statement.
“We have taken a big step towards ‘one world protected’,” said Jose Manuel Barroso, GAVI chairman. The fresh funds brought total COVAX financing to $9.6 billion, he added.
Burnt-out container ship sinks in sea; Sri Lankan Navy bracing for possible oil spill
The resultant environment and marine ecological pollution is regarded as the worst the island had seen. The ship’s cargo, comprising chemicals and nitric acid, were termed hazardous to the marine ecology.
At least 8 containers had fallen in the sea when it was anchored and went up in flames some 9 nautical miles off the Colombo port.
Ransomware & aggregation issues in US call for new approaches to US Cyber Risk : AM BEST
The loss ratio for cyber insurance rose dramatically in 2020, to 67.8%, from 44.8% in 2019. However, the increase was not limited to just a few insurers—the loss ratio rose for 15 of the 20 largest cyber insurers.
“The rate increases for cyber insurance outpaced that of the broader property/casualty industry, but the increase in cyber losses outstripped the rate hikes, which suggests more trouble for 2021 as ransom demands continue to grow,” said Sridhar Manyem, director, industry research and analytics.
Chasing yield, U.S. private equity firms nudge up risk on insurers
PE-insurance marriages can be joyous: Asset managers have skills and access to investments that insurers lack, and insurers provide cheap funding. PE firms also earn significant fees, even though their investments do not always capture outsized returns.
PE firms are nudging up risk on a large pool of money. They now own 7.4% of all U.S. life and annuity assets, or $376 billion, double the tally in 2015, credit agency AM Best said. Pending deals could add $250 billion this year, pushing PE ownership to 12%.