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Lloyd’s to collaborate with Bermuda Monetary Authority to foster innovation and education access
The Lloyd’s Lab programme provides a 10 week fast tracked incubator...
US House passes TikTok crackdown law
The measure is the latest in a series of moves in Washington to...
Private investigators’ body APDI forms global alliance against fake Covid-19 vaccines
APDI Chairman Kunwar Vikram Singh in a statement said, “The GAFV has been formed after reports emanating from several countries about the circulation of fake Covid vaccines. Already, Europol, the European Union’s law enforcement agency, has issued a warning of fake vaccine circulation due to huge demands.”
WHO calls for intensified measures over ‘alarming’ virus variant
“This is an alarming situation, which means that for a short period of time we need to do more than we have done and to intensify the public health and social measures to be certain we can flatten the steep vertical line in some countries,” WHO’s regional director for Europe Hans Kluge, said, referring primarily to the new variant first discovered in the UK.
4,400 adverse events reported in US after receiving Pfizer-BioNTech vaccine
Locations administering Covid-19 vaccines should adhere to CDC guidance for use of the jabs, including screening recipients for contraindications and precautions, having the necessary supplies available to manage anaphylaxis, implementing the recommended post-vaccination observation periods, and immediately treating suspected cases of anaphylaxis with an intramuscular injection of epinephrine, said the CDC
Pfizer/BioNTech vaccine appears effective against mutation in new coronavirus variants -study
The Pfizer/BioNTech vaccine and the one from Moderna Inc, which use synthetic messenger RNA technology, can be quickly tweaked to address new mutations of a virus if necessary. Scientists have suggested the changes could be made in as little as six weeks.
Up to 4,000 financial firms could fail due to COVID, says UK regulator
“At end of October we’ve identified there are 4,000 financial services firms with low financial resilience and at heightened risk of failure,” said Sheldon Mills, the FCA’s executive director of consumers and competition.
“These are predominantly small and medium sized firms and approximately 30% have the potential to cause harm in failure.”
U.S. considering adding Alibaba, Tencent to China investment ban
Some investors expressed skepticism, however, that Alibaba and Tencent would face long-term restrictions – given that they are worth a combined $1.3 trillion, widely held by U.S. investors and the likely reputational and financial hit to U.S. stock markets.
Exxon, under investor pressure, discloses emissions from burning its fuels
Most major oil companies already report Scope 3 emissions and some have reduction targets, including Occidental Petroleum, which in November set a goal to offset the impact of the use of its oil and gas by 2050. Exxon said it made the disclosure due to investor interest.
The so-called Scope 3 data is included in its latest Energy & Carbon Summary released
Severe allergic reactions reported in the US after getting COVID-19 vaccine, but CDC says cases are rare
The Centers for Disease Control and Prevention said early safety monitoring has detected 21 cases of anaphylaxis, a severe allergic reaction, after receiving the Pfizer-BioNTech COVID-19 vaccine.
Anaphylaxis is a serious, life-threatening allergic reaction and requires immediate medical attention, according to the American Academy of Allergy Asthma & Immunology. Symptoms can include skin rash, nausea, vomiting, difficulty breathing and shock. The most common anaphylactic reactions are to foods, insect stings, medication and latex.
Natural disasters cause $210 billion in damage in 2020, insurer says
Losses that were insured rose to $82 billion from $57 billion in 2019, Munich Re said. They add to the burden of the coronavirus pandemic that has hit the insurance industry hard.
“Climate change will play an increasing role in all of these hazards,” said Munich Re board member Torsten Jeworrek, pointing to hurricanes, wildfires and other storms.
“It is time to act,” he said.
Global economy expected to expand by 4% in 2021: World Bank
“While the global economy appears to have entered a subdued recovery, policy makers face formidable challenges – in public health, debt management, budget policies, central banking and structural reforms – as they try to ensure that this still fragile global recovery gains traction and sets a foundation for robust growth,” said World Bank President David Malpass .
“To overcome the impacts of the pandemic and counter the investment headwind, there needs to be a major push to improve business environments, increase labour and product market flexibility, and strengthen transparency and governance,” he said.