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Miscalculations may have ended ONGC vessels in cyclone whirlwind: Report

by AIP Online Bureau | May 20, 2021 | Indian News, Non-Life, Risk Management

  New Delhi: Inadequate advance notice and miscalculations of cyclone Tauktae's ferocity and its path may have contributed to a false belief that oilfield operations in the Arabian Sea need not be paused, said top sources close to ONGC whose vessels with 700...

U.K. is pushing for G-7 to adopt mandatory climate reporting

by AIP Online Bureau | May 20, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

  London: UK Chancellor of the Exchequer Rishi Sunak is pushing the Group of Seven (G-7) economies to impose mandatory reporting of environmental risks on their big companies, people familiar with the matter said. Under the proposals, the biggest companies would...

U.K. Flying-Taxi hub aims to develop blueprint for aerial roads

by AIP Online Bureau | May 20, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Technology

  Trial operations of flying taxis and cargo drones will begin in Coventry, England, before the end of the year as part of a plan to develop “aerial roads” for unmanned flights in urban areas. The project, backed by 1.2 million pounds ($1.7 million)...

London’s ‘Golden Age’ as Europe’s financial capital is over, says NatWest chair

by AIP Online Bureau | May 20, 2021 | Eco/Invest/Demography, International News

  London: The City of London's 'Golden Age' as Europe's financial capital is over following Brexit, but it will remain a major and profitable centre, NatWest  bank chairman Howard Davies said on Tuesday. The City has been largely cut off from...

Wildfires, thawing permafrost pose new challenge to curb climate change: Study

by AIP Online Bureau | May 20, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Non-Life, Reinsurance

  The warming Arctic tundra will make it harder for the world to curb climate change, as thawing permafrost and wildfires release greenhouse gases that are not fully accounted for in global emissions agreements, a study said on Monday. As temperatures rise and...
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