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Govt says Russian oil suppliers must provide sanctions-compliant cargoes
Indian refining officials said they have told Russian oil suppliers...
Sebi seeks greater access to social media records to curb market violations
In its latest letter sent last week, Sebi said companies such as...
Pharma has limited legal options if vaccine patents waived
Still, some vaccine producers, like Moderna Inc. and Pfizer Inc., might sue the U.S. to recoup some of their losses, said Matthew Howell, an intellectual property attorney at Alston & Bird in Atlanta. If the manufacture of the vaccine is done in the U.S., under the government’s authorization, there are avenues for compensation in American courts.
French banks told to speed up response to climate change
Other financial watchdogs around the world will also be conducting similar tests on the finance industry to help to reduce the impact of climate change on economies. Banks and other finance companies will have to disclose to investors the impact of climate change on their balance sheets under proposed European Union rules.
Insurers warn government Canada’s flood mapping must not take a decade
Prime Minister Justin Trudeau pledged sweeping climate action during his re-election campaign last year, including C$150 million ($112.2 million) for flood mapping. The federal budget is expected at the end of March.
“Flooding is by far the single greatest peril facing Canadians as a result of climate change,” Craig Stewart, vice president of federal affairs for the Insurance Bureau of Canada, told Reuters.
WHO experts voice “very low confidence” in some Sinopharm COVID-19 vaccine data
The document includes summaries of data from clinical trials in China, Bahrain, Egypt, Jordan and the United Arab Emirates.
The “evidence assessment” document was prepared by the WHO’s Strategic Advisory Group of Experts (SAGE) for its evaluation of the Sinopharm shot, authorised by 45 countries and jurisdictions for use in adults, with 65 million doses administered. The experts review evidence and give recommendations on policy and dosages associated with a vaccine.
US employers brace for Covid’s Mental Health fallout as workers return
“We’re seeing pretty alarming numbers,” said Vaile Wright, senior director of healthcare innovation at the American Psychological Association (APA), who oversees its Stress in America survey. “People’s bodies and minds just aren’t in quite the fit place they were in a year ago.”
AXA halts ransomware crime reimbursement in France
“The word to get out today is that, regarding ransomware, we don’t pay and we won’t pay,” cybercrime prosecutor Johanna Brousse said at the hearing.
Only the U.S. surpassed France last year in damage from ransomware to businesses, hospitals, schools and local governments, according to the cybersecurity firm Emsisoft, estimating France’s related overall losses at more than $5.5 billion.
United States’ biggest gasoline pipeline halted after cyber-attack
Hacking threats to critical infrastructure have been growing, prompting the White House to respond with a plan to try to increase the security of utilities and their suppliers.
The first leg of that effort, announced April 20, will address security holes in the electrical grid, before moving to other sectors, including the country’s gas pipelines and water utilities.
Covid, Cyber, Compliance and ESG top risk concerns for financial services sector: Allianz
“The financial services sector faces a period of heightened risks. Covid-19 has caused one of the largest ever shocks to the global economy, triggering unprecedented economic and fiscal stimulus and record levels of government debt,” says Paul Schiavone, Global Industry Solutions Director Financial Services at AGCS. “Despite an improved economic outlook, considerable uncertainty remains. The threat of economic and market volatility still lies ahead while the sector is also increasingly needing to focus on so-called ‘non-financial’ risks such as cyber resilience, management of third parties and supply chains, as well as the impact of climate change and other Environmental Social and Governance (ESG) trends.”
U.S. reverses stance, backs giving poorer countries access to COVID vaccine patents
Pharmaceutical companies working on vaccines have reported sharp revenue and profit gains during the crisis. The industry’s biggest lobby group warned that Biden’s unprecedented step would undermine the companies’ response to the pandemic and compromise safety.
RBI allows fresh moratorium for small borrowers as COVID-19 cases spike
“Small businesses and financial entities at the grassroot level are bearing the biggest brunt of the second wave of infections,” Reserve Bank of India Governor Shaktikanta Das said, as he announced a slew of other measures to enhance liquidity and boost lending to various needy sectors.