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COVID-19 still a global health threat, new variant under scanner: WHO chief
Although COVID-19 is no longer a global health emergency, it...
UK PM Sunak commits to triple-lock pension policy despite inflation
Last November, with inflation in double-digits, finance minister...
China posts weakest growth in 29 years as trade war with US bites
Even with additional stimulus and the trade war truce, economists polled by Reuters expect growth will cool further this year to 5.9%. Policy sources have told Reuters that Beijing plans to set a lower economic growth target of around 6% this year from last year’s 6-6.5%, relying on increased infrastructure spending to ward off a sharper slowdown.
Boeing 737 MAX: Company finds ‘new minor’ software glitch in grounded aircraft
Boeing is rewriting software that played a role in crashes five months apart in Indonesia and Ethiopia that killed 346 people and led regulators to ground the plane worldwide in March 2019.
Political turmoil to be the ‘new normal’ for the world in 2020, risk firm says
Many governments were caught by surprise by the scale and ferocity of the protests and ended up attempting to crackdown on the movements, deploying what human rights group have said were arbitrary arrests and indiscriminate violence. That response has ended up further radicalizing protesters and provoking more violent demonstrations, Verisk Maplecroft said in its Political Risk Outlook 2020.
India plans new law to protect foreign investment – sources
The latest example of a contract wrangle is a dispute between the Andhra Pradesh state government in southern India and renewable energy companies. The state has been curtailing power procurement from the companies, citing high prices, and has pushed to renegotiate its supply contracts with them.
Jon Hancock to quit Lloyd’s
Lloyd’s also announced today the appointment of Julia Tyson as its Chief Human Resources Officer, with immediate effect. Julia is a highly experienced HR Director with proven abilities to develop, lead and deliver people and culture strategies.
WEF sounds alarms about Climate Change risks
The WEF report also called on policy makers and firms to match targets for protecting the climate with ones that boost economies, and for companies to adjust to science-based targets now in order to avoid massive future losses.
Visa to buy fintech startup for $5.3 billion to move beyond card payments
Both Visa and Mastercard have been seeking to move beyond card payments in recent years to extend their rapid revenue growth. Mastercard bought a payments platform owned by Nets for $3.2 billion last year, using its biggest-ever acquisition to move further into so-called account-to-account payments.
At least 67 dead in avalanches in Pakistan, India: government officials
In what is set to raise concerns over the ongoing climate change, warmer winters and early spring in recent decades have led to an increase in the frequency of snow avalanches in the Western Indian Himalayas, said a recent study published in the official scientific journal of US-based National Academy of Sciences.
Zurich sees hardening rates, improving terms – first time since 2002
Figures from Allianz SE, AXA SA and Zurich Insurance suggest premium rate increases overall accelerated in the first half of 2019, according to Bloomberg Intelligence.
Lawsuits over missing Malaysia plane belong in Malaysia, not U.S., court affirms
The decision is a new setback for plaintiffs from the United States, Australia, China, India and Malaysia who represented more than 100 Flight MH370 passengers, including from Japan.