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The fund managers Cat modeling keep winning bets
Karen Clark, co-founder and chief executive officer of the...
Allianz eyes 51% of Singapore’s Income Insurance with $1.6 billion offer
Allianz said the deal will turn it into the fourth-largest...
China’s Waterdrop raises $360 mln in New York IPO -sources
The pricing of the IPO at the top end showed investors overlooked regulatory scrutiny of the fintech sector currently underway in China and some concerns on whether the IPO will even go ahead, said one of the sources.
UK court to reconsider $6.9 bln Brazil dam lawsuit against BHP
The collapse of the Fundao dam, owned by the Samarco venture between BHP and Brazilian iron ore mining giant Vale , killed 19 and sent a flood of mining waste into communities, the Doce river and the Atlantic Ocean, 650 km (400 miles) away.
Samarco has since filed for bankruptcy protection.
Vaccine deserts: Some countries have no COVID-19 jabs at all
“Delays and shortages of vaccine supplies are driving African countries to slip further behind the rest of the world in the COVID-19 vaccine rollout and the continent now accounts for only 1% of the vaccines administered worldwide,” WHO warned Thursday.
Pharma has limited legal options if vaccine patents waived
Still, some vaccine producers, like Moderna Inc. and Pfizer Inc., might sue the U.S. to recoup some of their losses, said Matthew Howell, an intellectual property attorney at Alston & Bird in Atlanta. If the manufacture of the vaccine is done in the U.S., under the government’s authorization, there are avenues for compensation in American courts.
EU top court upholds ban on Bayer pesticides linked to harming bees
The Commission in 2013 restricted the use of the neonicotinoids, meaning they could not be used on maize, rapeseed and some spring cereals. They could still be used for other crops, such as sugar beet.
The Commission had reviewed the approvals because of the loss of bee colonies due to the misuse of pesticides.
AXA halts ransomware crime reimbursement in France
“The word to get out today is that, regarding ransomware, we don’t pay and we won’t pay,” cybercrime prosecutor Johanna Brousse said at the hearing.
Only the U.S. surpassed France last year in damage from ransomware to businesses, hospitals, schools and local governments, according to the cybersecurity firm Emsisoft, estimating France’s related overall losses at more than $5.5 billion.
United States’ biggest gasoline pipeline halted after cyber-attack
Hacking threats to critical infrastructure have been growing, prompting the White House to respond with a plan to try to increase the security of utilities and their suppliers.
The first leg of that effort, announced April 20, will address security holes in the electrical grid, before moving to other sectors, including the country’s gas pipelines and water utilities.
Tragic Covid-19 situation in India should raise alarm bells for all of us: UNICEF
“Family members of patients are pleading for help as the region reels under an acute shortage of medical-grade oxygen. Exhausted health workers are being pushed to the brink of collapse. We are faced with a real possibility that our health systems will be strained to a breaking point – leading to even more loss of life.”
‘Human catastrophe’ as India’s Covid-19 surge spreads to Nepal
“What is happening in India right now is a horrifying preview of Nepal’s future if we cannot contain this latest Covid surge that is claiming more lives by the minute,” said Netra Prasad Timsina, chair of the Nepal Red Cross.
Aon forms EMEA M&A and Transaction Solutions Advisory Board to support growth and expansion of M&A practice
The new advisory board will support the growth and development of Aon’s M&A practice across the UK and EMEA, as it continues to expand its client offerings to include solutions for intellectual property, cyber security and digital performance, retirement, benefits, talent and compensation, structured credit, tax and litigation risks, ESG and more.