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EU fines German car makers $1B over emission collusion

by AIP Online Bureau | Jul 8, 2021 | Eco/Invest/Demography, International News, Non-Life, Risk Management, Technology

  Brussels:  The European Union handed down $1 billion in fines to major German car manufacturers Thursday, saying they colluded to limit the development and rollout of car emission-control systems. Daimler, BMW and Volkswagen along with its Audi and Porsche...

ECB tweaks inflation target, carves out climate role

by AIP Online Bureau | Jul 8, 2021 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

The European Central Bank set a new inflation target on Thursday and carved out a major role in the fight against climate change, as Europe's most powerful financial institution embarked on the biggest overhaul in its 23-year history. With inflation having...

Covid-19:No fans at Olympics, making Games a TV event

by AIP Online Bureau | Jul 8, 2021 | Eco/Invest/Demography, Health, International News, Non-Life, Pandemic, Reinsurance

Fans were banned from the pandemic-postponed Tokyo Olympics which will open in two weeks, following a state of emergency on Thursday, Olympic Minister Tamayo Marukawa told the Japanese news agency Kyodo. The ban was announced by the International Olympic Committee and...

Cairn wins freeze on India state assets in Paris in bid to recover tax damages

by AIP Online Bureau | Jul 8, 2021 | Eco/Invest/Demography, Indian News, Policy

  NEW DELHI: Cairn Energy said on Thursday a Paris court had accepted its petition that Indian state-owned assets in the city worth over 20 million euros ($24 million) be frozen, claiming a significant win in its campaign to force the Indian government to pay...

Covid-19: Cabinet approves Rs 23,123 crore Emergency Response and Health Systems Preparedness Package

by AIP Online Bureau | Jul 8, 2021 | Eco/Invest/Demography, Health, Indian News, Non-Life, Policy

  New Delhi: The Union Cabinet chaired by Prime Minister Narendra Modi, on Thursday, has approved a new scheme ‘India COVID-19 Emergency Response & Health System Preparedness Package: Phase-II’ amounting to Rs. 23,123 crore for FY 2021-22. This...
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