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WTW launches Climate Vista to bridge climate skills gap in the boardroom
Christopher Au, Director, Climate and Resilience Hub, Asia Pacific...
Global Covid cases up 80% as new subvariant rises
In its weekly update, the UN agency said that nations reported...
Allianz Australian unit to refund customers for insurance mis-selling
ASIC said Allianz incorrectly sold insurance cover to people ineligible to claim for unemployment or disability, and death cover to customers under 21 years of age who were unlikely to need it.
Amazon sued by publishers claiming audible text service violates copyright
The lawsuit was filed by seven members of the Association of American Publishers (AAP), including HarperCollins Publishers, Penguin Random House, Hachette Book Group, Simon & Schuster, and Macmillan Publishers.
“Essentially Audible wants to provide the text as well as the sound of books without the authorization of copyright holders, despite only having the right to sell audiobooks,” AAP said in a statement.
Germany’s Allianz grows in Brazil with $734 million deal
The deal represents Allianz’ largest investment ever in Brazil, the insurer said. “Insurance in Brazil is expected to grow more than the GDP over the next years, as insurance penetration is very low,” said Eduard Folch, chief executive of Allianz’ Brazilian unit, in a phone interview
Early claims and crash tests suggest risks of luxury, SUV electric vehicles
In serious crashes, electric autos’ high-voltage power plants automatically shut down, AXA noted, but damaged batteries can catch fire up to 48 hours after a crash, making it more difficult to deal with the aftermath of an accident.
HSBC considering a bid for Aviva’s Asian operations, reports suggest
Aviva, the UK insurance conglomerate whose shares have dropped 27 per cent in the last 12 months, confirmed in August it’s examining options for its Asian business as new chief executive officer Maurice Tulloch’s turnaround takes shape. The company’s operations in the region could be valued at about $3 billion to $4 billion, with an official process slated to kick off later this year, Bloomberg News reported earlier.
China tops list of U.S. cybersecurity agency’s top risks
A newly created U.S. cybersecurity agency said Thursday that China represents the greatest strategic risk to the U.S., and as a result, the agency’s top operational priority is reducing the risks from Chinese compromises to the global supply chain, including emerging 5G technology.
Deadlock continues as EU rebuffs Johnson bid to reopen Brexit Deal
“We welcome the U.K. government’s engagement,” European Commission spokeswoman Natasha Bertaud told reporters in Brussels. “The letter does not provide a legally operable solution to prevent the return of a hard border on the island of Ireland, it does not set out what alternative arrangements could be, and in fact it recognizes that there’s no guarantee that such arrangements will be in place by the end of the transitional period.”
Nuclear watchdog says Russia resumes sharing radiation data
The mysterious accident at a naval weapons testing range on the White Sea in northwestern Russia earlier this month has been accompanied by changing or contradictory information from Russian authorities. That has led to speculation about what really happened in the town of and what type of weapon was involved.
Putin vows Russian nuclear accident that killed 5 scientists poses no further risk
The Aug. 8 blast killed five atomic scientists during a test of a missile engine that used “isotope power sources,” the state nuclear monopoly Rosatom said.
US lawsuit accuses E-Cigarette makers of targeting kids, deceiving consumers
The U.S. Surgeon General has called vaping an “epidemic.” The Food and Drug Administration has been investigating the safety of e-cigarettes and Juul’s marketing practices. The Centers for Disease Control and Prevention said Saturday it is looking into a cluster of 94 possible cases of severe lung illness associated with vaping in 14 states between June 28 and Aug. 15, and is consulting with health departments in Illinois, Wisconsin, California, Indiana and Minnesota