Energy and climate have risen up the political agenda following...
Category:
International News
Latest
New COVID variant EG.5.1 spreading quickly in UK: Report
"We continue to see a rise in COVID-19 cases in this week's report....
Swiss Re net income surges off low catastrophe-linked losses
In its key property and casualty business, Swiss Re booked $634...
Allergan announces global recall of textured breast implants
Allergan Plc said on Wednesday it was recalling its Biocell textured breast implants and tissue expanders across markets, citing concerns over a rare form of cancer, after the U.S. health agency asked the drugmaker to pull the products. The Food And Drug...
African Swine fever detected at another Bulgarian Pig Farm
Bulgaria, a European Union member, has also reported around 20 cases of the disease in dead wild boars, in various regions, including border provinces with Romania.Experts say 500,000 pigs could be culled due to the highly contagious disease that does not, however, affect humans.
AIG appoints first chief sustainability officer
To provide greater transparency into this strategy and align reporting activities with industry standards, the company has issued its first Task Force on Climate-related Financial Disclosures (TCFD) report.
Europe faces heatwave with London and Paris expected to break July records
Europe is facing a second heatwave this summer, just weeks after the hottest June on record, intensifying concern over climate change and the rise in extreme weather events. Swathes of northwest Europe will struggle to remain cool as a blast of hot air from the...
US home insurance leader Hippo Insurance raises $100 million
Hippo is building faster, more accurate and more affordable homeowners insurance for today’s customers. The company’s data-driven pricing and real-time underwriting analyzes trusted public data sets, from municipal building records to satellite imagery of physical property characteristics, to develop a more accurate profile of a customer’s property, resulting in qualified customers receiving a comprehensive, tailored and accurate quote in under 60 seconds, and reduced premium costs of up to 25 percent
U.S. slaps $5 billion fine against Facebook, other privacy settlement terms
“Despite repeated promises to its billions of users worldwide that they could control how personal information is shared Facebook undermined consumers’ choices,” said FTC Chairman Joe Simons, a Republican, in a statement.
Group of German companies – including BASF, Siemens, Roche – hit by cyber attacks
Public broadcaster ARD said the hackers used a type of malware called Winnti, which allows attackers to remotely access a victim’s computer network. ARD said an analysis of the malware code showed which companies were targeted by a group likely working for the Chinese government.
Rhine river shipping faces another historic shutdown as drought hits water levels
Reflecting a trend seen in the Himalayas, the Rockies and other mountainous regions of the world, alpine glaciers have shrunk steadily as global warming makes melting in summer outpace accumulation of snow in winter. That means there’s less water feeding rivers each year. An April study by ETH Zurich predicts that half of the Alps’ glaciers could disappear within three decades.
Cost of Norsk Hydro Cyber attack higher than expected at nearly $75 million
The attack is now estimated to have cost 250-300 million crowns [$28.9 million-$34.6 million] in the second quarter, compared with an earlier estimate of 200-250 million crowns [$23.1 million-$28.9 million]. Including the first quarter impact, the total cost of the attack is set to be 550-650 million crowns [$63.5 million-$75.0 million].
Natural disasters cause a $73bn global economic loss,Insurance payouts totalled around $20bn in 1H 2019
According to the report, there were an estimated 163 natural disaster events in 1H 2019, which was below the 18- average of 180 and the median of 182. There were at least 17 separate billion-dollar economic events in 1H 2019 – led by the United States and Asia Pacific (APAC) with six events each; Europe, Middle East and Africa (EMEA) with four events, and the Americas with one event.