Pushpendra Johari, senior vice president, sustainability,...
Category:
International News
Latest
Cyberattack diverts ambulances, cripples patient records at major US health system
Cybersecurity experts say ransomware attacks have increased...
Flash floods, cold lava flow hit Sumatra, Indonesia, killing 15 people
The 2,885-metre (9,465-foot) Mount Marapi erupted late last year...
Investors sue AstraZeneca over share price drop on covid-19 vaccine testingprice drop on covid-19 vaccine testing
In the three days after the release of the test results in late November, AstraZeneca’s stock price dropped 5%, according to the lawsuit filed Tuesday by the public employees’ retirement system in Monroe County, Michigan.
Alleging “wrongful acts and omissions” by the company and its chief officers, the pension fund is asking to be allowed to sue on behalf of a class of all investors injured by the share price decline.
Gold demand plunged to 11-year low in 2020 as virus upended trade – WGC
Gold is traditionally used as a safe store of wealth, and investors bought 1,773.2 tonnes last year, up 40% from 2019 and the most for any year on record.
At current prices of around $1,850 an ounce, that gold is worth some $100 billion.
Global insurance industry cross border deals total $5.27bn in Q4 2020
The value marked a decrease of 42.2% over the previous quarter and a rise of 47.2% when compared with the last four-quarter average of $3.58bn.
In terms of number of cross border deals, the sector saw a rise of 47.06% over the last four-quarter average with 25 deals against the average of 17 deals.
In value terms, North America led the activity with cross border deals worth $2bn.
Record-high InsurTech funding of $7.1 billion achieved in 2020
Compared with 2019, total funding increased by 12%, while deal volume increased by 20%. InsurTechs raised $2.1 billion across 103 deals during Q4, with 67% of the funds attracted by property/casualty-focused firms. Life & health InsurTechs saw a modest decrease in deal share of 1.6 percentage-points in the quarter, and an 8.4 percentage-point decline in total funding over Q3, 2020.
Over 13,000 malware threats detected every hour in 2020: Report
“Attackers are going to innovate and roll out new ways to target businesses in 2021. It is, therefore, essential for them to invest in robust cybersecurity solutions that can prevent them from being prey to the evolving threat landscape,” said Himanshu Dubey, Director, QuickHeal Security Labs .
Biden takes sweeping measures to curb climate change, vows job creation
“In my view, we’ve already waited too long to deal with this climate crisis,” Biden told a White House ceremony, noting the threats the nation faces from intensifying storms, wildfires, floods and droughts linked to climate change as well as air pollution from burning fossil fuels. “It’s time to act.”
Toyota overtakes Volkswagen as top-selling global auto maker
Toyota said it had sold 9.53 million vehicles around the world last year, overtaking the 9.3 million sales made by its German rival.
The Japanese giant took the lead despite a decline in global sales of more than 10 percent as the auto industry suffered the effects of the coronavirus pandemic.
MS Amlin Underwriting appoints Chief Risk Officer and Chief Actuary
Desai, who will report into Johan Slabbert, CEO of MS AUL, brings over 18 years’ general insurance industry experience, both in the U.K and internationally from UBS, PwC and Hiscox.
Scullion will take up the newly created role of Chief Actuary in April and will report to Phil Green, CFO of MS AUL. She joins from Lloyd’s of London, where she has worked since 2015 and held the position of Head of Capital since 2018.
Global public debt likely to touch 98 pc of GDP in 2020 amid COVID crisis: IMF
Noting that global public debt is projected to edge up further from 98 per cent of GDP in 2020 to almost 100 per cent of GDP in 2021 driven by advanced and emerging market economies, Paolo Mauro, Deputy Director of the Fiscal Affairs Department at IMF said, with the pandemic still out of control and economies growing below potential, additional fiscal support will be necessary in 2021, to protect livelihoods.
German draft doesn’t recommend AstraZeneca jab for over-65s
Questions remain about how well the vaccine protects older people. Only 12% of participants in the AstraZeneca research were over 55 and they were enrolled later, so there hasn’t been enough time to see whether they get sick at a lower rate than those who didn’t get the vaccine.