Since the collapse of the grain corridor deal and the increased...
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Biden administration pushing insurers to improve access to mental health treatment
US President Joe Biden "Despite the repeated bipartisan efforts...
IMF increasingly worried about ‘material’ impact of climate change on economies
IMF Chief Economist Pierre-Olivier Gourinchas said extreme weather...
India slips 5 places to 141 on Global Peace Index 2019; Iceland again tops
According to the report, South Asia’s score for every indicator in ongoing conflict is less peaceful than the global average, with four out of six deteriorating last year. Only deaths from internal conflict improved, with fewer fatalities in Pakistan, Afghanistan and India than the year prior.
UK’s Legal & General Partners with Amazon to Create Blockchain System for Pensions
Blockchain suits “the long-term nature of annuities business as it allows data and transactions to be signed, recorded and maintained in a permanent and secure nature over the lifetime of these contracts, which can span over 50 years,” Thomas Olunloyo, CEO of Legal & General Reinsurance said.
US cyber insurance premiums see 10% increase to $2.03bn, Aon study
The report highlights that the direct incurred industry loss ratio across all cyber policies was 35.4 percent during the period, with standalone and package business reporting 34.4 percent and 36.8 percent respectively – suggesting that on the whole cyber insurance was quite profitable for US insurers in 2018. The segment had 14 additional players during the year
Indian aviation market facing very tough competition; cost environment unfavourable: IATA
Noting that cost environment is not very favourable for airlines in India, de Juniac said prospects for the airlines’ industry are less positive than six months ago. “It is a global trend, which is more accurate and visible for cargo than for passengers. We still see a strong demand in the passenger business,” he added.
Divided G20 admits worsening trade wars pose risk to world economy
IMF chief Christine Lagarde warned the tariffs could shave global GDP by 0.5 per cent or about USD 455 billion in 2020 and said trade conflicts constituted the “principal threat” to the global economic outlook.
In historic first, G20 weighs aging as global risk
Longer life-expectancy and sliding birth rates, particularly among wealthy nations, have resulted in a rapid expansion of the elderly population in places like Spain, Italy and South Korea, according to the Organization for Economic Co-operation and Development.
U.S. impacted by most May tornadoes since 2015, storms and floods leave costly financial toll
Preliminary local storm report (LSR) data from NOAA indicates that there were nearly 4,400 individual reports of tornadoes, hail, and straight-line winds – the most in May since 2011 in the USA
Aviva overhauls UK business, to cut 1,800 jobs
According to the statement, Aviva intends to reduce its expenses by cost savings in contractor and consultant spend, reduction in project expenditure and other efficiencies. This will involve approximately 1,800 role reductions across the group over the next three years, out of a total workforce of around 30,000.
More than 1 million new curable sexually transmitted infections every day
Timely and affordable testing and treatment are crucial for reducing the burden of STIs globally, alongside efforts to encourage people who are sexually active to get screened for STIs. WHO further recommends that pregnant women should be systematically screened for syphilis as well as HIV.
U.S. Judges Grapple with Youths’ Constitutional Challenge to U.S. Climate Policy
The young people argue that government officials have known for more than 50 years that carbon pollution from fossil fuels causes climate change and that policies promoting oil and gas deprive them of their constitutional rights.