The La Niña phenomenon is often linked with droughts in California,...
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Warren Buffett’s successor Greg Abel had steady rise at Berkshire
Greg Abel, CEO designate,Berkshire Hathaway Ajit Jain, 74, also a...
Rising GPS interference incidents a concern: Global airlines grouping IATA
Global Positioning System (GPS)/ Global Navigation Satellite System...
COP29 climate talks urged to find $1 trillion a year for poorer countries
A previous goal of $100 billion per year, which expires in 2025, was met two years late in 2022, the OECD said earlier this year, although much of it was in the form of loans rather than grants, something recipient countries say needs to change. Setting the tone at...
10 most climate-vulnerable countries got less than $1 year climate finance: Report
The data also shows the 10 countries most affected by climate change between 2000 and 2019 received just $23bn, less than two per cent of all climate finance, despite accounting for nine per cent of the world’s population. The 750 million people now living in these...
World already on cusp of 1.5 degree celsius temp rise, finds new research
Every extra increment of heat risks worsening climate impacts like powerful storms and drought. This year is expected to be the hottest year on record, and the EU’s Copernicus Climate Change Service predicts it will also be the first year ever to breach 1.5C of...
Salaries in Southeast Asia expected to rise in 2025: Aon Survey
One in three firms view cybersecurity roles as crucial to their organisation, with a 160 percent year on year (YOY) increase in headcount for such roles. Artificial Intelligence/machine-learning and risk managers roles had a 100 percent and 70 percent YOY increase,...
COP29: Baku meet adopts establishment of global carbon market under Paris Agreement’s Article 6
The Article 6.4 mechanism is seen as an important tool in bridging the climate finance gap.The mechanism aims to enhance climate finance flows to countries with carbon-rich ecosystems, supporting both environmental integrity and equitable access to funding. Baku: In a...
Multiple climate disasters trigger first ever Red Cross disaster insurance pay-out
The IFRC policy with insurance broker Aon is the first of its kind for the aid sector. It was triggered in mid-September by the deadly Asian Typhoon Yagi, which tipped total disaster spending over the 33 million Swiss franc ($37.84 million) mark, and the fund has...
Food companies sell products that are less healthy in poorer countries, says report
“It’s a very clear picture that what these companies are selling in the poorest countries in the world, where they are more and more active, are not healthy products.It’s a wake-up call for governments in these countries to be vigilant,” said Mark Wijne, research...
Boeing to face civil trial over 2019 MAX crash
Boeing has "accepted responsibility for the MAX crashes publicly and in civil litigation because the design of the MCAS … contributed to these events," an attorney for Boeing said at an October 11 court hearing. New York: Beleaguered aviation giant Boeing is set to...
China unveils $1.4 trillion local debt package but no direct stimulus
In an apparent reaction to the U.S. election and the intensifying risks to trade, state media CCTV reported that China's cabinet on Friday approved expanding coverage of export credit insurance and will step up support for trade firms Low wages, high youth...
Spain floods to trigger total insurance losses in excess of $3.8 billion, will have limited impact on local re/insurers
Another rating agency S&P has said the catastrophic flash floods that hit the Valencia region on Oct. 29 will have limited effects on private insurers and reinsurers. Around 4,500 businesses in the Valencia area have been directly affected, half of which face...