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IMF forecasts ‘soft landing’ for global economy, upgrades India
"Growth in India is projected to remain strong at 6.5 per cent in...
Banks and insurers to lose reprieve from EU’s toughest ESG rule
The European Parliament and the European Council are moving toward...
Axa disputes French tax ruling over Luxembourg profit: Media Report
French fiscal authorities found in 2016 that AXA earned at least 130 million euros ($154 million) of undeclared profit in a structure based in Luxembourg between 2005 and 2010, Mediapart said, citing documents from the French tax office.
Cybersecurity is top business worry in ‘age of risk’: Marsh & McLennan CEO
“CEOs like to get things done and say it’s finished,” he said. “Cyber is a never-ending phenomenon. It will continue for the rest of all of our careers.”
Climate change and the culture of remote working are the other top risks cited by companies, Glaser said. Climate is less immediate than cybersecurity because it is developing slowly and its impact, through such catastrophic events as larger wildfires and more powerful hurricanes, will increase over the next five years or more.
Medical costs of discharged COVID patients 50% above pre-admission levels:German study
The coronavirus proved especially dangerous for people with heart disease, high blood pressure or respiratory diseases, the study showed.
Breakthrough COVID vaccine tech could help defeat other diseases
Moderna and BioNTech, for example, are also applying mRNA technology to experimental cancer medicines.
“Stunningly Impressive”: On Moderna Covid Vaccine Results
The vaccine is based on a relatively new technology that uses a synthetic version of a molecule called “messenger RNA” to hack into human cells, and effectively turn them into vaccine-making factories.
No vaccine based on this platform has ever been approved.
UN chief urges all countries to stop building new coal power plants
“To reach carbon neutrality by 2050, I am calling for all countries to stop building new coal power plants and for partners to stop financing them,” said the Secretary-General.
“Countries also need to put a price on carbon and end subsidies for fossil fuels. Our response to the Covid-19 crisis must be aligned with the Paris Agreement and Sustainable Development Goals. In all these efforts, you can count on the support of the United Nations system,” the UN chief added.
Asia forms world’s biggest trade bloc, a China-backed group excluding U.S.
RCEP will account for 30% of the global economy, 30% of the global population and reach 2.2 billion consumers, Vietnam said.
Global COVID-19 cases top 54 million
According to the JHU, more than 34.7 million people have recovered from the disease, while the COVID-19 global death toll is nearing 1,313,000.
The World Health Organisation declared the COVID-19 outbreak a pandemic on March 11.
Yield mania gives much needed break to indebted emerging-market countries
US elections have revived the yield hunt, granting much-needed breathing space to governments in developing economies. They face the equivalent of about $3 trillion in local debt maturing next year after a borrowing binge in short-term bonds that were mostly bought by local banks in the absence of international investors.
Asian stocks hit record peak as vaccine hopes dampen virus fears
“There’s just mountains of cash sitting on the sidelines, waiting to be put to work and since we’ve got this vaccine news, as well as diminished risk around the U.S. elections, all of this is flying into equities,” said Kyle Rodda, analyst at IG Markets. “Everyone’s thinking now that it’s the cue to get in.”