Multiple climate disasters trigger first ever Red Cross disaster insurance pay-out

The IFRC policy with insurance broker Aon is the first of its kind for the aid sector. It was triggered in mid-September by the deadly Asian Typhoon Yagi, which tipped total disaster spending over the 33 million Swiss franc ($37.84 million) mark, and the fund has...
Climate, tech risks a threat to inflation targetting, says RBI Dy Gov Patra

Climate, tech risks a threat to inflation targetting, says RBI Dy Gov Patra

Michael Patra, Deputy Governor, RBI Central banks face an “existential threat” to their inflation mandates from climate change through supply shocks, such as food and energy shortages, and a decline in productive capacity, Michael Patra said at a...