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Brutal Summer’s record-high temperatures flare up extreme events in Northern Hemisphere

Extremes are piling up in what’s poised to be a brutal summer as the planet warms. Climate change is intensifying many unusual weather patterns to the point that scientists are able to detect its influence nearly in real time. That’s been the case during the heatwave that’s boiled Canada and the U.S. northwest this season, as well as the heatwave that hit Siberia last year.

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Lawsuits are becoming increasingly common as consumers shop online with little understanding

“Within the last year, especially with Covid-19 and more consumers shopping online, counterfeiters have gotten really smart and taken advantage of that,” said Tiffany Pho, manager of anti-counterfeiting at the International Trademark Association.The association has projected that, by next year, the total estimated value of counterfeit goods including digital piracy will reach at least $1.9 trillion annually. Internet sales are particularly popular because the counterfeiters can have a more global reach and more ways to hide, Pho said.

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Global financial regulators attempt to align rules on climate risks

The Financial Stability Board (FSB), which coordinates financial rules for the G20 group of nations, said its “roadmap” seeks to coordinate approaches to disclosures by companies and plug gaps in the data needed to spot financial stability “vulnerabilities” and develop tools to address them.

The roadmap attempts to align rules still in the planning stage between now and 2023 to avoid more divergences between various measures for the same activity.

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Swiss Re’s Nina Arquint receives `The 2021 Geneva Association Women in Insurance Award”

Jad Ariss, Managing Director of The Geneva Association, said: “I congratulate Nina Arquint on winning this award, which recognises her leadership role in reducing the underwriting of coal, the most polluting and carbon-intensive fuel, and her great dedication to tackling environmental risks. Ms Arquint and her team have made demonstrable contributions to reducing the financial viability of coal and contributing to accelerating its phase-out globally. This work is in alignment with The Geneva Association’s mission to promote the use of insurance to create a better, more resilient, and more sustainable world.” 

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U.K. is easing Covid rules, bringing businesses fresh concerns

Ministers highlight the link between infections, hospitalizations and deaths has been weakened by one of the world’s most advanced vaccination programs, yet infections have increased by two-thirds in the past week, fueled by the fast-spreading delta variant.
Tony Danker, director-general of the Confederation of British Industry, said it will be “critical” to build both customer and employee confidence and that the government has a “vital” role to play in providing guidance to employers. The big question remains: Will consumers come back?

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