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Bermuda reinsurer returns peaking, to remain favorable in 2024: Fitch
``We expect market conditions to remain favorable at the 2024...
Spanish court rules Facebook moderator suffered work-related mental trauma
It is the first time in Spain that a court has recognized a content...
Covid-19 may lead to decline in life expectancy globally, study finds
At prevalence rates of only 2 per cent, the disease could cause a drop in life expectancy in countries where average life expectancy is high — roughly around 80 years.
At 10 per cent prevalence, the loss in life expectancy is likely to be above one year in high life-expectancy countries such as those in Europe and North America,
At 50 per cent, it would translate into three to nine years of life lost in high life-expectancy regions. In less developed regions, the impact is smaller given that there is already lower survival at older ages.
Russia approves 1st COVID-19 prescription drug for sale In pharmacies
R-Pharm’s announcement is another sign Russia is pushing hard to take a global lead in the race against the virus. It is already exporting its COVID-19 tests and has clinched several international deals for supplies of its Sputnik-V vaccine.
Weekly coronavirus cases top 300,000 in Europe, WHO issues warning
Roughly 30 million people have been infected by the virus worldwide and more than 900,000 have died, triggering some of the deepest recessions on record and disrupting global supply chains,
European countries from Denmark to Greece announced new restrictions on Friday to curb surging coronavirus infections in some of their largest cities, while Britain was reported to be considering a new national lockdown.Cases in the United Kingdom almost doubled to 6,000 per day in the latest reporting week, hospital admissions rose and infection rates soared across parts of northern England and London,
Israel’s government announced Saturday it would impose a three-week nationwide lockdown in an effort to stem one of the world’s highest novel coronavirus infection rates after a surge in cases.
Boeing hid design flaws in 737 Max from pilots, regulators: US panel
“The Max crashes were not the result of a singular failure, technical mistake or mismanaged event,” the report by the House Transportation and Infrastructure Committee said.
“They were the horrific culmination of a series of faulty technical assumptions by Boeing’s engineers, a lack of transparency on the part of Boeing’s management and grossly insufficient oversight by the” Federal Aviation Administration.
Energy transition to have transformative effect on Mining sector:WTW
Environmental Social Governance forms the key theme of the report, highlighting that the transition to a low carbon economy requires a fundamental reappraisal of mining company climate risk
WHO says safety comes first as over 170 nations join COVID-19 vaccine plan
“We already face challenges with vaccine acceptance for many proven vaccines,” WHO chief Tedros Adhanom Ghebreyesus said in pre-recorded comments, as he spoke about the push to rapidly develop vaccines.
“We cannot risk having an effective vaccine for COVID-19 that people refuse because of the perception that it is unsafe.”
Global economic recovery may take five years, World Bank chief economist says
Reinhart said the pandemic-caused recession will last longer in some countries than in others and will exacerbate inequalities as the poorest will be harder hit by the crisis in rich countries and the poorest countries will be harder hit than richer countries.
For the first time in twenty years, global poverty rates will rise following the crisis, she added.
Generali GC&C appoints new head of underwriting in Asia
James Nash appointed as President and Chief Executive Officer, AIG Japan
Peak Re announced the appointment of . Matteo Cussigh as Senior Vice President of Markets ,
SWIFT announces a new strategy for instant, frictionless payments and securities processing
Mumbai: SWIFT, one of the largest financial messaging systems in the world,today announced that over the next two years and beyond it will fundamentally transform payments and securities processing, retooling cross-border infrastructure as part of a...
Global net zero emissions goal would require $1-2 trillion a year investment: study
Since 2000, global warming has cost the United States and the European Union at least $4 trillion in lost output and tropical countries are 5% poorer than they would have been without climate change impacts, according to research by Stanford University.