Meta, the world's second-biggest platform for digital ads, said in...
Category:
International News
Latest
Lloyd’s of London to invest $65 mln following slavery report
“We’ve asked ourselves how we could have the greatest impact,”...
Insurers review Middle East events coverage after cancellations
But new policies are likely to exclude Israel, Lebanon and...
Coronavirus outbreak: World Bank announces up to $12 bn in immediate funds
Meanwhile, negotiators in the U.S. House of Representatives and Senate neared a deal on Wednesday on a multi-billion-dollar emergency bill to battle the coronavirus as they narrowed differences over the cost of potential vaccines, congressional aides said.
China’s economic slump over Coronavirus to cut global exports by $50 bn: UN
The study pointed out that China’s role as a central manufacturing hub for many global businesses meant that “any disruption of China’s output is expected to have repercussions elsewhere through regional and global value chains.”
UBS CEO Ermotti Sergio to succeed Walter Kielholz as Swiss Re Chairman
He started his professional career at Merrill Lynch in 1987, where he held various positions in the areas of equity derivatives and capital markets before he became Co-Head of Global Equity Markets and a member of the Executive Management Committee for Global Markets & Investment Banking in 2001. Sergio P. Ermotti, a Swiss citizen, is a Swiss-certified banking expert and a graduate of the Advanced Management Programme at the University of Oxford, United Kingdom.
After China, Italy could cause maximum spread of Caronavirus globally:AIR
“Our analysis of risks associated with the current outbreaks in South Korea, Italy, and Iran, highlights the following countries at highest risk for onward infections from these secondary outbreaks,” Dr. Narges Dorratoltaj, senior scientist at AIR Worldwide.
For South Korea:Japan,United States,Vietnam,Thailand,Philippines,Taiwan
For Italy:Germany,United Kingdom,Spain,France,Netherlands,Belgium,United States,Romania
For Iran:United Arab Emirates,Turkey,Iraq,Qatar,Germany,Kuwait,Italy
Lloyd’s launches new cryptocurrency wallet insurance solution for Coincover
Matthew Greaves, Underwriter, Atrium, said:“There is a growing demand for insurance that can protect cryptocurrency as it becomes increasingly popular. It is a testament to Lloyd’s that the market has put together an innovative solution to mitigate these new risks and protect against theft – from physical as well as online vaults – thereby providing customers with piece of mind that their assets are safe.”
Coronavirus pushes the world to its first contraction since 2009
“Confidence is falling everywhere so you don’t want to send a reactionary message, but at least a message that you are discussing and being prepared to take measures, and to do that jointly,” OECD chief economist Laurence Boone said.
Six coronavirus deaths in US, 91 confirmed cases: Pence
Vice President Mike Pence told reporters at the White House that many companies are already beginning to work on, but just as importantly, the development of therapeutics and it is remarkable to think that there may well be a vaccine going to clinical trials within the next six weeks.
Meru Health and dacadoo join forces to streamline access to effective mental healthcare
dacadoo and Meru Health are connected by a joint mission to make effective mental care more accessible. Now they are joining forces to further lower the threshold to get early support when depression and anxiety arise, allowing fast and sustained recovery.
Use of non-derivative financial instruments to insurance contracts with direct participation features now allowed:IASB
Ralph Ovsec, Senior Director, Insurance Consulting and Technology, at Willis Towers Watson, said: “All stakeholders will welcome the conclusion of deliberations on changes to IFRS 17, even if some of the decisions reached do not reflect the wishes of some in the industry. With regard to the determination of the acquisition date of reinsurance contracts, ceding companies should be mindful in assessing potential unintended consequences related to the ability to take reinsurance relief on onerous contracts offered by reinsurance.
Trump imposes travel restrictions, state of emergency after first coronavirus death in US
Washington governor Governor Jay Inslee today declared a state of emergency in response to new cases of COVID-19, directing state agencies to use all resources necessary to prepare for and respond to the outbreak