Addressing the Parliament, Union Minister of Electronics and...
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Lloyd’s human pandemic scenario reveals potential global economic loss of $13.6trn
From an economic perspective, the widespread impacts would be...
Cat bonds see rapid influx of investors
Plenum estimates that the volume of catastrophe bonds in funds...
Indian drug firms recall various products in US market
As per the USFDA, the company is recalling the product due to deviation from the current good manufacturing practices (CGMP).
“FDA analysis detected N-Nitrosodimethylamine (NDMA) impurity above the acceptable intake level,” it noted.
Northern India chokes on toxic smog day after Diwali festival
Revellers in the capital let off huge amounts of fireworks well into Sunday morning, prompting angry residents and environmentalists to complain on social media of breathing difficulties and stinging eyes.
Yield mania gives much needed break to indebted emerging-market countries
US elections have revived the yield hunt, granting much-needed breathing space to governments in developing economies. They face the equivalent of about $3 trillion in local debt maturing next year after a borrowing binge in short-term bonds that were mostly bought by local banks in the absence of international investors.
Should Millennials and Gen Z Get the Vaccine First?
But what if vaccinating the elderly first isn’t the best way to minimize fatalities? A recently published (but not yet peer-reviewed) model from three academics at Khalifa University suggests priority should be accorded to groups with the highest number of daily in-person interactions, since that amplifies the vaccine’s effectiveness by reducing infections (and mortality) both among the vaccinated group and those they come into contact with.
According to their model, proper prioritization can reduce total fatalities by up to 70%.
China regulator says financial innovation must not create oligopolies
Xiao Yuanqi, chief risk officer at the China Banking and Insurance Regulatory Commission (CBRIC) told the Caixin Summit in Beijing that innovation should not undermine healthy competition or let innovation pioneers become hindrances to further innovation.
Microsoft urges action on health care cyber attacks
“In recent months, we’ve detected cyberattacks from three nation-state actors targeting seven prominent companies directly involved in researching vaccines and treatments for Covid-19,” said Microsoft’s vice-president for security issues Tom Burt.
Parents say employers are illegally firing them during Pandemic
Parents who’ve lost their jobs during the pandemic are driving a surge of litigation, alleging their employers discriminated against them for taking care of their kids when schools closed. Since March, working parents have filed at least 40 lawsuits...
Tsunami-hit reactor in northeast Japan gets final approval to restart
Onagawa was the closest among Japan’s nuclear stations to the epicentre of the magnitude-9 quake in March 2011, which triggered a tsunami that killed nearly 20,000 people as well as causing the worst atomic disaster since Chernobyl in 1986.
The station was swamped by the tsunami, but survived with its cooling system intact, saving its reactors from the threat of meltdowns similar to those that occurred at Tokyo Electric Power’s Fukushima Daiichi station to the south.
Willis Towers Watson acquires Acclimatise, to strengthen climate resilience leadership
John Firth, CEO and Co-Founder of Acclimatise, said, “Climate change risk is fast becoming a central part of government, corporate and financial decision making and planning. Meeting growing client demand will require increasingly sophisticated approaches to climate risk assessment and management.”
WeWork losses mount but ‘seismic shift’ in office use seen helping recovery
The pandemic has accelerated a “seismic shift” in the office sector that has put flexibility – an industry byword for the short-term leases the company embraces – and WeWork at the forefront, the memo signed by Chief Executive Sandeep Mathrani and Chief Financial Officer Ben Dunham said.
“This is our moment, and I know that together, we will continue to define the future of work,” they said.