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New UN database to help countries tap climate ‘loss and damage’ fund
Given the limitations of current databases, UNDRR is collaborating...
ANALYSIS-Too hot to party? Extreme temperatures threaten live music shows
Crowd safety experts and outdoor event organizers are exploring...
AXA XL announces appointments for Asia & Europe Business Unit
Xavier Veyry, Chief Executive Officer, Asia & Europe at AXA XL, said: “I’m delighted we could find the right people within our organisation to lead our underwriting, captives and claims capabilities in Europe and Asia, as well as our local teams. It reflects the quality of talent at AXA XL.”
India’s coronavirus infections rise by 70,496 to 6.91 million
The COVID-19 case fatality rate due to the coronavirus infection was recorded at 1.54 per cent.
India’s death toll from the novel coronavirus rose past 100,000 on Saturday, only the third country in the world to reach that bleak milestone, after the United States and Brazil, and its epidemic shows no sign of abating.
Retreating monsoon rains worry paddy farmers in Maha
Gondia district agriculture superintendent Ganesh Ghorpade and his Bhandara counterpart Hindurao Chavan told PTI that farmers need not worry as of now, but if rains continue for some more time, then “things would get tougher”.
They have asked cultivators to delay the crop cutting work by five to six days and also keep a tab on rain prediction before harvesting the crop.
Mercenary’ hacker group runs rampant in Middle East, cybersecurity research shows
The hackers pursued royals and business executives in Bahrain, Kuwait, and Qatar. In August 2019 they attempted to compromise an employee of major Indian energy conglomerate Reliance Industries around the time that the company was negotiating the sale of a stake in its oil-to-chemicals business to Saudi Aramco.
Hyundai Motor to recall Kona EV in South Korea over concern of fire risk
Some 13 incidents of fire involving the Kona EV, including one each in Canada and Austria, have been documented, the office of ruling party lawmaker Jang Kyung-tae said in a statement.
The safety recall “is a proactive response to a suspected defective production of high-voltage batteries used in the vehicles, which may have contributed to the reported fires”, Hyundai said, adding that it will deploy all necessary measures to identify the cause of the fire and address customers’ needs.
IRDA panel favours setting up of Standalone Microinsurance Company with a capital of Rs 20 cr
The panel has suggested that microinsurance companies (cooperatives and mutuals as well) should be allowed to act as composite insurers to transact both life and non-life business through a single entity.
IRDAI may establish a Microinsurance Development Fund to support and promote the growth of the microinsurance business across the country.21 The fund could support human resource development, digital and financial literacy, IT infrastructure and product development.
By implementing changes to facilitate standalone microinsurance businesses with reduced capital requirement, over 500 million Indians will have the
opportunity of obtaining financial protection and security, enabling them to emerge from poverty and to move towards self-reliance. ,
WHO reports record one-day rise in global coronavirus cases amid European outbreak
As a region, Europe is now reporting more cases than India, Brazil or the United States.
According to a Reuters analysis of more recent country data, COVID-19 infections are rising in 54 countries, including surges in Argentina, Canada and much of Europe.
Infections in the United Kingdom have reached record levels with over 17,000 new cases reported on Thursday.
“We are seeing a definite and sustained increase in cases and admissions to hospital. The trend is clear, and it is very concerning,” said Dr Yvonne Doyle, medical director for Public Health England.
Hedge funds make pandemic bet on insurance
Investors reckon that in a world where virus outbreaks and climate disasters may be the new normal, innovative new insurance products such as those providing relief during future lockdowns or when staff sickness hinders business, will prove lucrative.
Even while share prices remain subdued, insurers’ debt sales for the most part have been oversubscribed this year, thanks to strong credit quality, typically in the single-A category.
Working from home can feel like sleeping at work: Microsoft’s Satya Nadella
He also said remote work misses some of the benefits of the office. “Video meetings are more transactional,” he said. “Work happens before meetings, after meetings.”
DGCA issues detailed refund guidelines after SC verdict
The Directorate General of Civil Aviation (DGCA) said the airlines should “make all endeavours” to refund the passengers belonging to the second category within 15 days.
“If on account of financial stress, any airline/airlines are not able to do so, they shall provide a credit shell equal to the amount of fare collected (to the passenger),” it added