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Ratings firms struggle with climate risk in $133 trillion market

by AIP Online Bureau | Aug 3, 2023 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Policy, Risk Management

As the world reels from the mounting impact of heat waves, droughts and fiercer storms, there is growing concern that credit rating analysts are misreading climate risks in the $133 trillion global bond market, to the detriment of creditors and borrowers alike For...

France’s AFP sues Musk’s X social media, cites refusal to discuss payment for news

by AIP Online Bureau | Aug 3, 2023 | International News, Technology

France in 2019 enacted a copyright rule dubbed “neighboring rights” that compels large online platforms to open talks with publishers seeking remuneration for news.“Agence France-Presse has expressed its concerns over the clear refusal from Twitter (recently rebranded...

Beijing records heaviest rainfall in at least 140 years, causing severe flooding and 21 deaths

by AIP Online Bureau | Aug 3, 2023 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life

The severity of the flooding took the Chinese capital by surprise. Beijing usually has dry summers but had a stretch of record-breaking heat this year China`s capital has recorded its heaviest rainfall in at least 140 years over the past few days. The city recorded...

Insurance ‘AAA’s unaffected by U.S. downgrade, financial conditions key risk: Fitch

by AIP Online Bureau | Aug 3, 2023 | Eco/Invest/Demography, International News, Life

Ratings for these U.S. insurers and the broader sector could face pressure if U.S. fiscal and governance deterioration contributes to a negative scenario of heightened capital market volatility and/or a more severe economic downturn The ‘AAA’ Insurer...

Data protection bill tabled in Parliament, will compel cos to review their current working ways

by AIP Online Bureau | Aug 3, 2023 | Breaking News!, Eco/Invest/Demography, Indian News, Non-Life, Risk Management, Technology

Enterprises will have to review the current ways of working, especially for personal data of employees, customers, merchants and vendors to honour their right to access, update and erase their personal data Non-adherence of obligation listed in the bill may attract...
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