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Mumbai overtakes Beijing to become Asia’s new billionaire capital
Leading the Indian billionaire list is Mukesh Ambani, the chairman...
Cargo ship hits Baltimore’s Key Bridge, bringing it down, Rescuers are looking for people in water
The ship crashed into one of the bridge’s supports, causing the...
AstraZeneca to buy Alexion for $39 billion to expand in immunology
“This acquisition allows us to enhance our presence in immunology,” AstraZeneca Chief Executive Pascal Soriot said in a statement.“Alexion has established itself as a leader in complement biology, bringing life-changing benefits to patients with rare diseases.
Declare states of ‘climate emergency,’ U.N. chief tells world leaders
“Can anybody still deny that we are facing a dramatic emergency?” U.N. Secretary General Antonio Guterressaid via video. “That is why today, I call on all leaders worldwide to declare a State of Climate Emergency in their countries until carbon neutrality is reached.”
Apple CEO calls for stricter corporate, government climate goals at U.N. summit
Cook did not call for specific goals during his remarks but disclosed that Apple is assisting 95 of its suppliers to transition to renewable energy, up from a figure of 70 disclosed in July. The iPhone maker earlier this year said it has become carbon-neutral for its corporate operations and set out plans to make its full supply chain and product lineup carbon-neutral by 2030.
Cold storage to companies: a stock trader’s guide to Covid vaccine rollout
With multiple vaccine types, the distribution chains involve hundreds of businesses—from airlines to makers of freezers, vials and disposable needles—and thousands of staff working to get shots from laboratory floors to the arms of populations around the world.
Insurers jostle to give dealmakers cover for when things go wrong
M&A protection can also remove a company’s need to set money aside for potential disputes and help them to avoid costly and lengthy litigation.
As a result, a spate of insurers has entered the market, with around 30 crowding in in Europe alone, broker Paragon said. Despite the rising level of claims, the entrants have pushed down premiums, but that could be temporary.
From romance scams to phantom PPE, banks battle coronavirus crimewave
In pandemic-related scams banks are hiring more staff to prevent and detect fraudulent transactions, forging closer ties with local and global law enforcement and launching public awareness campaigns, bankers and their advisors told Reuters
BAE Systems Applied Intelligence research suggests U.S. insurance fraud, where scammers seek to dupe insurers on costs incurred as a result of COVID-19 restrictions, has doubled in 2020, so far costing the industry $100 billion.
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Insurers stich $90 billion merger deals to add muscle power
Many insurers are also looking to acquisitions to expand their more lucrative property and casualty businesses, part of a shift away from life insurance, which has been hit with increased capital requirements in recent years that have weighed on profits.
Any vaccine adverse effects up to national agencies to review – WHO
“But people should not be too anxious. Remember there are a number of vaccine candidates coming online at the same time,” WHO spokeswoman Margaret Harris told a U.N. briefing in Geneva.
“One vaccine may not be suitable for particular individuals, but you may well find another vaccine is.”
Sanofi and GSK delay COVID-19 vaccine, marking setback for global fight
The setback affects one of the most established technologies in vaccines – used against the human papillomavirus, hepatitis B and pertussis among other pathogens – which aims to introduce lab-made proteins into the body to prod the immune system into developing a targeted defence against the novel coronavirus.
EU leaders clinch deal on tougher 2030 climate goal
Leaders of the 27 member states agreed to cut their net greenhouse gas emissions by at least 55% from 1990 levels by 2030, substantially toughening an existing 40% target.
The EU wants to reach “net zero” emissions by 2050, a deadline that scientists say the world must meet to avert the most catastrophic impacts of climate change.
European Council President Charles Michel, who chaired the talks, called the EU the leader in the fight against climate change, and said the target had been hard-fought, but was “credible”.European Commission President Ursula von der Leyen said it would put the bloc “on a clear path towards climate neutrality in 2050”.