George Attard, CEO of Reinsurance Solutions for Aon’s Asia Pacific...
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Shipowner in Baltimore bridge collapse seeks to limit liability to $43.7 mn
The company, Grace Ocean, could face hundreds of millions of...
Canadian school boards sue social media giants for over C$4 bln in damages
The products are “negligently designed for compulsive use, have...
European neighbours shut doors to Britain as new coronavirus strain spreads
“The United Kingdom has issued an alert concerning a new strain of Covid-19,” Di Maio wrote on his Facebook account. “As the government, our duty is to protect Italians and for this reason… we will sign, with the health minister, a decree suspending flights to and from Britain,” he said, without specifying when the measure would come into effect.
China could restrict bank tie-ups with fintech platforms, official suggests
China has vowed to strengthen oversight of its big tech firms, which include the likes of Alibaba Group Holding and Tencent Holdings that rank among the world’s largest and most valuable. Many of these companies have gathered large amounts of user data in the course of providing their services.
Top U.S. health official says third COVID-19 vaccine could come next month
Admiral Brett Giroir, an assistant secretary at the Department of Health and Human Services, told ABC News that data was yet to be released on the novel coronavirus vaccine from Johnson & Johnson and Janssen, but that if approved it would give the United States its third vaccine following ones from Pfizer Inc and Moderna Inc.
Chief of Asia’s largest pharmaceutical company urges transparency in virus vaccine rollout
“Medicines or vaccines are never perfect… there are always some side effects,” said Weber, who joined Takeda in 2014 and took the top job a year later after nearly two decades at Britain’s GlaxoSmithKline.
Global stocks, sterling unsettled as new virus strain shuts UK
Analysts at BofA noted a huge $46.4 billion flowed into equities in the latest week, while the outflow from cash was the largest in four months. There were record flows into tech shares and large flows to the consumer sector, healthcare, financials, real estate and value stocks.
BofA chief investment strategist Michael Hartnett said a “sell signal” had been triggered for the first time since February as cash levels declined to 4.0% in the latest Global Fund Manager Survey.
New COVID-19 strain spreads more quickly, UK medical chief says
“As a result of the rapid spread of the new variant, preliminary modelling data and rapidly rising incidence rates in the South East, the New and Emerging Respiratory Virus Threats Advisory Group (NERVTAG) now consider that the new strain can spread more quickly.
Hackers’ broad attack sets cyber experts worldwide scrambling to defend networks
“This hack was so big in scope that even our cybersecurity experts don’t have a real sense yet in terms of the breadth of the intrusion itself,” adding that it would take some time to fully vet all the agencies and targets.
The breach appeared to provide President-elect Joe Biden with an immediate headache when he takes office on Jan. 20. His transition team’s executive director Yohannes Abraham told reporters on Friday there would be “substantial costs” and the incoming administration “will reserve the right to respond at a time and in a manner of our choosing, often in close coordination with our allies and partners.”
Brazil’s supreme court rules Covid-19 vaccination can be made mandatory
Bolsonaro has launched an attack on coronavirus vaccines, even suggesting that the one developed by Pfizer-BioNTech could turn people into crocodiles or bearded ladies.
“In the Pfizer contract it’s very clear: ‘we’re not responsible for any side effects.’ If you turn into a crocodile, it’s your problem,” Bolsonaro said on Thursday.That vaccine has been undergoing tests in Brazil for weeks and is already being used in the United States and Britain.
With climate change focus, Biden filling environmental, interior posts
Biden plans to pursue a goal of moving the United States to net-zero greenhouse gas emissions by 2050 – a once-unimaginable task that would require the world’s second-largest emitter to overhaul major parts of its economy, from cars, trucks and planes to power plants, farms and buildings.
Asia-Pacific life insurance market to reach $1.5 trillion in 2023:GlobalData
“Technology advancements is another area that has gained more prominence. Due to the social distancing norms and regulatory push, increasing number of insurers are shifting to digital platforms. In June 2020, Manulife Hong Kong launched a virtual face-to-face agency sales platform for most of its insurance product offerings,”Pratyusha Mekala, Insurance Analyst at GlobalData,