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Scorching temperatures hit Asia’s power grids, raise region’s health risks
While this time of year is typically the hottest for India and parts of Southeast Asia, the soaring temperatures continue a pattern of severe weather over the past several years that’s testing the ability of governments to protect public health and prevent disruptions...
India’s heatwaves putting economy, development goals at risk – study
Extreme heat has caused more than 24,000 deaths since 1992 and has also driven up air pollution and accelerated glacial melt in northern India, said a team of scholars led by the University of Cambridge's Ramit Debnath Killer heat waves are putting "unprecedented...
Gallagher launches new brokerage in Japan
Speaking on Gallagher’s expansion plans in Asia, Thomas Wang,CEO North Asia, said,`` “Gallagher has grown in Asia over the last few years and with a number of the emerging economic global powerhouses based in the region it is an area of expansion for us. Having a team...
Principal Secretary to PM chairs high-level meeting amid COVID-19 rise, stresses on 5-fold strategy
India recorded 12,591 new Covid cases in a day, the highest in around eight months, while the active case burden increased to 65,286, according to Union Health Ministry data updated on Thursday. Rajesh Bhushan , the Secretary of Health and Family Welfare, highlighted...
MS Amlin expands Risk and Compliance functions with key senior hires
LONDON: MS Amlin, the Lloyd’s global (re)insurer, today announces the appointment of Ruth Adamson as Head of Insurance and Financial Risk, and Kevin Ball as Head of Compliance. Joining later this year, both new hires will report to Chief Risk Officer, Vishal Desai. MS...
EU proposes $1.2 billion plan to counter growing cybersecurity threats
“The EU Cyber Solidarity Act will strengthen solidarity at Union level to better detect, prepare for and respond to significant or large-scale cybersecurity incidents, by creating a European Cybersecurity Shield and a comprehensive Cyber Emergency Mechanism,” the EU...
UK says Russian hackers aim to attack key infrastructure
A successful cyberattack on critical national infrastructure such as an energy grid or water supply could be highly destructive, and do serious real-world damage The UK government’s cyber defense agency warned on Wednesday of an emerging threat to Western critical...
Hannover Re latest company to leave Net-Zero Insurance Alliance
While Zurich had said it was leaving to focus on helping customers in the transition to a low-carbon economy, Munich Re said it was leaving because of anti-trust concerns The charge that companies in such climate alliances could be guilty of breaking anti-trust laws...
Macron pension reform ends cherished French exception
French President Emmanuel Macron Macron's government says that raising the retirement age will plug a 13.5 billion euro shortfall the pension system would otherwise be running by 2030 French President Emmanuel Macron may have pushed through his unpopular pension...
ESG-led funding touches USD 7.9 bn in 2022: Report
ESG investment is largely concentrated in clean energy (solar and wind power) and electric mobility -- which contributed to around 90 per cent of the USD 19.2 billion invested in ESG across 2018-22. Clean energy, especially solar, saw strong deal activity in 2022 with...
Mutual Funds’ SIP collection rises 25 pc to Rs 1.56 lakh crore in FY23
''SIP inflows for FY23 stood at Rs 1.56 lakh crore, a growth of 25.2 per cent on a year-on-year basis, with the highest-ever inflow in March at Rs 14,276 crore. With benchmark indices remaining volatile and flat for the year, investors choose mutual funds as the...
Global Nat Cat economic losses reach $77 Billion in Q1 2023, the highest Q1 total in 12 years, Gallagher Re
Public and private insurance entities covered at least an estimated $22B of that total, resulting in a 72% or $55B protection gap, the portion of the economic loss not covered by insurance The February earthquake sequence in Turkey and Syria accounted for an estimated...
India overtakes China to become most populous country: UN report
The latest UNFPA report stated that in India 25 per cent of the population constitutes children aged 0-14, 18 per cent are those aged 10-19 years, 26 per cent belong to the 10-24 age group. About 68 per cent are in the 15-64 age category, while those above 65 are just...
Heat is surging across India, Risking blackouts and even deaths
A majority of India’s 1.4 billion population work outdoors, often without protection. Many construction workers, hawkers and rickshaw pullers die each year during the summer as they don’t have the means to beat the heat. India suffers from the most pronounced...
NHA invites participation on the ‘National Health Claims Exchange-Sandbox’ under Ayushman Bharat Digital Mission
The current health insurance claims settlement process in the country is mostly manual, non-digital and laborious in nature posing challenges at every stage. The current process of exchanging claims lacks standardization across the ecosystem with most data exchange...
Ransomware attacks, human error as main cause of cloud data breaches in India and worldwide: Report
More than a third (38 per cent) of respondents in India (37 per cent globally) have experienced a data breach in the past 12 months, including 23 per cent (22 per cent globally) reporting that their organisation had been a victim of a ransomware attack Respondents...
Cybersecurity nightmare in Japan can pose global risks
The country produces about 80% of fine chemicals for electronics and dominates the global supply of photoresist, a light-sensitive material that’s used in making semiconductor chips, according to Ulrike Schaede, professor of Japanese Business at the School of Global...
India to have 2.9 mln more people than China by mid-2023, UN estimate shows
The demographic data from the United Nations Population Fund’s (UNFPA) “State of World Population Report, 2023” estimates India’s population at 1,428.6 million or 1.4286 billion against 1.4257 billion for China India is on its way to become the world’s most populous...