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Howden launches world first insurance innovation hub with £500m of delegated underwriting capacity
As new funding for the global insurtech sector continues to fall...
Multilateral development banks provide record climate finance
``But we need to do more. In Asia and the Pacific, home to many of...
China’s mysterious respiratory virus spreads to health workers, different countries
“The risk from this virus causing pandemonium has increased because it is spreading from different countries, and we are now seeing that it can be more easily transmitted from person to person,” said Sanjaya Senanayake, associate professor of medicine at the Australian National University. In comparison with SARS, he said, “the one good factor, I guess, at the moment seems to be the low mortality rate.”
Financial Services CEOs in Davos complain they can’t save planet without clients’ help
Financial companies are under pressure to retreat from funding industries including coal-fired power, and the European Union is working on a so-called taxonomy governing sustainable investments. Lawrence Fink, who runs BlackRock Inc., last week pledged to incorporate environmental concerns into the asset manager’s investment process for both active and passive products.
Wealth of India’s richest 1% more than 4 times that of 70% poorest: Oxfam
Regarding India, Oxfam said the combined total wealth of 63 Indian billionaires is higher than the total Union Budget of India for the fiscal year 2018-19 which was at Rs 24,42,200 crore.
Coronavirus: New disease spreading in Asia revives SARS fears
The outbreak has caused alarm because of the link with SARS (Severe Acute Respiratory Syndrome), which killed 349 people in mainland China and another 299 in Hong Kong in 2002-2003.
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.