Companies such as Toyota Motor Corp. and Ford Motor Co. have...
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Risk Management
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Global insured cat losses to exceed $102 billion: Aon
The report highlights that insured losses from primary perils...
India updates biodiversity action plan, to conserve 30pc areas by 2030
Reducing threats includes eight targets focused on major...
Risk Management: COVID-19 spurs collaboration and innovation
Risk management and transfer has always been about collaboration between client, broker and insurance carrier to find the most suitable solutions for risk problems. Without a doubt, the COVID-19 pandemic has forced us all to find different ways to do that – with the opportunity for face-to-face brainstorming put on hold, we need to find other ways to continue to innovate.
India’s peak holiday season set to send COVID-19 cases surging
“We will probably have more deaths out of starvation if the rural migratory population who flock to cities during the pujas and earn some money during the festivity are deprived of the opportunity,” said Subrata Mukherjee, a cabinet minister in the fourth-most populous state of West Bengal, which has one of India’s highest coronavirus caseloads.
Sabotage suspected in Mumbai power outage: Energy minister
A grid failure resulted in massive power outage in Mumbai and neighbouring areas on Monday, stopping trains on tracks, hampering those working from home and hitting the stuttering economic activity hard.
Coronavirus pandemic has exposed global leadership deficit, says report
Over 70 per cent of citizens around the globe say they are experiencing the lowest point in their nation’s history, while nearly two-thirds say their leaders are out of touch or “don’t really care what happens” to them, the Milken Institute and the Harris Poll said in a report. More than 29,000 people from 27 countries participated in the ‘The Listening Project’ survey between February and October.
Indian activists oppose plans to make Goa a coal transport hub
Activists say the projects are also likely to lead to the felling of thousands of trees in ecologically sensitive areas that are home to wildlife and bodies of water.
Alina Saldanha, a state assembly member from Modi’s Bharatiya Janata Party (BJP), wrote to the federal environment minister last week, saying she had “serious concerns” over environmental clearances given to some projects.
Heavy rains kill 12 people in India, damage crops
“Heavy to very heavy” rain was expected in the neighbouring Maharashtra state on Wednesday and Thursday, the India Meteorological Department said in its daily forecast.
The rains have damaged rice paddies and other crops such as corn, cotton, and pulses, traders said, but they said it was too early to assess the full extent of crop losses.
Climate Change means more Weather Disasters every year
The 2020 State of Climate Services report, compiled by 16 international agencies and financing institutions, calls on governments to put more money into early-warning systems that can improve countries’ ability to prepare for, respond to and mitigate the impact of such natural disasters.
“While COVID-19 generated a large international health and economic crisis from which it will take years to recover, it is crucial to remember that climate change will continue to pose an on-going and increasing threat to human lives, ecosystems, economies and societies for centuries to come,“ said WMO Secretary-General Petteri Taalas.
Asia-Pacific countries begin to ease pandemic-related travel bans, but hurdles remain
For now, few people are likely to travel because of testing and insurance requirements, and in some cases the need to quarantine upon return home, meaning the deals offer limited hope for airlines and the tourism industry.
A Singapore-Indonesia deal announced on Monday for essential business and official travel will require an application and COVID-19 swab tests both before and after travel.
Enforcement against foreign bribery down sharply since 2018 – group
“Too many governments choose to turn a blind eye when their companies use bribery to win business in foreign markets,” said Delia Ferreira Rubio, chair of the group.
A collapse of global tax talks could cost $100 billion, says OECD
The aim is update international tax rules for the age of digital commerce, in particular to discourage big Internet companies like Google, Facebook and Amazon from booking profits in low-tax countries like Ireland regardless where their customers are.
In the absence of a new international rulebook, a growing number of governments are planning theirIn the absence of a new international rulebook, a growing number of governments are planning their own digital services taxes, which has prompted threats of trade retaliation from the Trump administration.