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Strong rise in political risk globally:Coface Political Risk Index

Inflationary risks have been in the news in recent months. In this context, the annual update of the Coface Political Risk Index shows a strong rise in political risk across the world, and particularly in the emerging countries. Indeed, figures show a deterioration in living standards and purchasing power, as well as a rise in inequalities observed following the COVID-19 crisis. At this stage, these conditions are not necessarily leading to popular uprisings, which remain limited by people’s capacity to mobilise.

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Olympics-Risk of COVID spread is ‘zero’, IOC chief says, amid rising cases

Just over a week before the July 23 opening ceremony, Tokyo reported 1,308 new COVID-19 infections on Thursday, its highest daily tally since late January. Postponed last year due to the COVID-19 pandemic, the Summer Olympics have little public support in Japan amid widespread fears about a further spread of the coronavirus.

Critics on Thursday submitted a petition against the Games that has garnered more than 450,000 signatures this month, Japanese media reported. Organisers have imposed Olympics “bubbles” to prevent further transmissions of COVID-19, but medical experts are worried they might not be sufficiently tight.

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J&J recalls Aveeno, Neutrogena sunscreens after carcinogen found in sprays

After internal testing identified low levels of benzene in some samples, J&J said it has decided to recall these products from the market.

Benzene is classified as a human carcinogen, a substance that could potentially cause cancer depending on the level and extent of exposure.

“While benzene is not an  ingredient in  any of our  sunscreen products, it was detected in some samples of the impacted aerosol sunscreen finished products,” the company said.

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Policybazaar launches Employee Health Insurance

“The need for a food delivery company with 1000 delivery riders is very different from a small corporate that has tech geniuses working from home,” The one-size-fits-all approach cannot work anymore since businesses, their operations and their wallets are different and complex,” said Sarbvir Singh, CEO – Policybazaar.com. 

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Flooding affects parts of Europe after heavy rainfall

German government spokesman Steffen Seibert described the images from regions hardest hit by flooding as “terrible”.

“Even though not every event, not every flooding or local incident, is related to climate change, many scientists tell us that the frequency, the intensity and the regularity with which this happens is a consequence of climate change,” Seibert said.

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Hospitals’ revenue likely to grow 20-22% in FY2022: ICRA

“Overall, ICRA expects at least 200 bps improvement in profitability in FY2022, though the margins are expected to moderate from the level seen in Q4 FY2021 due to normalisation of some of the cost-cutting measures and higher proportion of Covid-19 treatment. Further, the restrictions on treatment charges for Covid-19 patients in certain states could keep the margins in check,” ICRA Assistant Vice President & Sector Head, Mythri Macherla, said in a statement.

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