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Generali to step up asset management expansion

The group’s long-term ambition is to position Generali among the top five multi-boutiques in the world by profits, it said. These are usually specialized investment divisions operating under the umbrella of a larger company.

“We have 2.5 billion euros for further acquisitions,” the insurer’s general manager Frederic de Courtois said in a presentation.

Nasdaq to buy financial fraud detection firm Verafin for $2.75 billion

“The problem of detecting money laundering and fraud hasn’t been solved very well yet,” Valerie Bannert-Thurner, senior vice president and head of sell-side and buy-side solutions, market technology at Nasdaq, said in an interview. “With our acquisition we are doubling down on our belief this as an area that is being disrupted and where we can have a big impact.”
Up to $2 trillion is laundered globally each year, representing up to 5% of global GDP, according to the United Nations.

Nobel scientists urge face mask rethink as Sweden’s COVID cases climb

Sweden’s soft-touch pandemic response has focused mostly on voluntary social distancing and the Public Health Agency has cast doubt on the effectiveness of face masks, which are mandatory in many public places in Europe.

However, a report on Thursday by the Royal Academy of Sciences said that face masks could play a role in reducing infection, particularly in enclosed spaces.

Global economy recovering, but may be losing momentum, says IMF chief Kristalina Georgieva

While fiscal spending of nearly $12 trillion and monetary policies had averted even worse outcomes, poverty and inequality were increasing, and more support was needed, the IMF said.

New outbreaks and more stringent mobility restrictions, and delays in vaccine development and distribution could reduce growth, increase public debt and worsen economic scarring.

Wildlife diseases poised to spread northwards as climate changes: study

The study projects increasing spread over the next five decades of wildlife diseases caused by bacteria, fungi, viruses and infectious worms. There are serious implications for humans, said co-author Jason Rohr of the University of Notre Dame, Indiana.

“We do know that 75% of emerging infectious diseases have a wildlife origin,” said Rohr, who runs an ecology and public health lab at Notre Dame. “We should be concerned for our own health when we see studies suggesting that there could be increases in infectious disease in wildlife.”

Roberts to lead Global Renewable Energy biz of Marsh JLT SpecialtyLondon:

“There is renewed political will as we approach the end of 2020 to move towards greater decarbonization and more sustainable energy sources.As traditional energy companies continue to decarbonize their footprints – and market challengers seek to redefine the energy landscape – Marsh JLT Specialty’s Global Renewable Energy team will play a key role in supporting our clients and communities as they transition towards more sustainable and carbon-neutral futures,”said Roberts

New internet rules to give Pakistan blanket powers of censorship

A service provider or social media company could face a fine up to 500 million rupees ($3.14 million) for non-compliance, which would in turn trigger a mechanism preventing the uploading and live streaming, particularly related to “terrorism, hate speech, pornography, incitement to violence and detrimental to national security”.

A platform has to act within 24 hours or, in case of an emergency, six hours to remove content. The rules also empower the telecom authority to block an entire online system.