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Climate change damage to infrastructure poses ‘huge’ financial risks
Disasters are causing average losses of $732 billion-$845 billion...
Parag Agrawal and team win $1.1 mn in legal fees from Musk’s X
Parag Agrawal, Former Twitter CEO According to the lawsuit, the...
Catholic Church abuse allegations being raised in Japan
Pope Francis has emphasized the global nature of the abuse problem, summoning bishops conference leaders from around the world to the Vatican this past February and passing a new law requiring all cases be reported to church authorities.
Hong Kong financial firms fear potential Beijing interference in contracts
Hong Kong’s vaunted rule of law is widely seen as a major factor for global financial institutions that make the former British colony their regional home and using it as their main trade and other dispute resolution center.
Apple, Microsoft, among five sued over child labour deaths in cobalt mines
Five US tech giants including Apple, Microsoft and Google parent Alphabet have been named in a lawsuit over the death of child labourers in cobalt mines in the Democratic Republic of Congo.
India slips to 112th place on gender gap; in bottom 5 on health, economic fronts: WEF
The WEF said India has closed two-thirds of its overall gender gap, but the condition of women in large fringes of India’s society is precarious and the economic gender gap runs particularly deep.
UK pension insurance deals jump to record $50 billion in 2019, more in pipeline – advisers
Industry sources also expect a mammoth 11 billion pound bulk annuity deal from the British Steel Pension Scheme next year. BSPS said in an October consultation it planned to buy a bulk annuity if its funding level reached 103% on a buy-out basis – factoring in the cost of insurance.
Weinstein deal seen as ‘Wake-Up Call’ for companies but punishing to some victims
Weinstein would avoid paying any of his own money and he would not be required to admit wrongdoing as part of the deal. Insurance companies representing the Weinstein Company would cover the settlement’s cost, the Times reported.
British watchdog FCA probes data sharing in financial services
Britain’s FCA said on Tuesday that going a step further with open finance could set up “dashboards” to help consumers keep an eye on their finances, encourage shopping around for better deals, and become a means to obtain financial advice.
Pirates attack oil tanker in West Africa, kidnapping another crew
About 82% of crew kidnappings globally take place in the Gulf of Guinea, according to the IMB. The region remains a hotspot despite a worldwide decline in piracy in the first nine months of the year, compared with the same period in 2018. Passing ships have been advised to stay at least 200 nautical miles from the Gulf’s coast and preferably 250 nautical miles away, the Bureau said Monday.
Etiqa Insurance launches market-first Cancer insurance with No Claim Discount
“The risk of cancer increases with age. With an ageing population in Singapore, Etiqa recognises the increasing need for a comprehensive yet affordable cancer protection plan, which can reduce financial worry and allow one to fully focus on recovery if cancer is diagnosed. The NCD benefit in our Cancer Insurance is meant to encourage customers to consistently take charge of their protection needs,” said Sue Chi Kong, Chief Executive Officer of Etiqa Insurance Pte. Ltd.
Fate of Paris accord hangs in balance as UN talks go down to wire
“We’ve had 25 years of talks and the only thing that really matters is global emissions are still rising,” said Tim Crosland, a prominent member of Extinction Rebellion, a civil disobedience campaign, after meeting officials at the talks.