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Here is a masonry blog layout with no sidebarIMF’s Georgieva accuses former World Bank president Kim’s office of manipulation
Govt shortlists 4 law firms for LIC IPO
Supply chain snarls could cost automakers $210 billion this year: Report
Global reinsurers in a quandry on incorporating Climate Change Risk
“If re/insurers are not properly accounting for the impact of climate change in their catastrophe modeling and pricing today, it could lead to significant unexpected volatility in their earnings and capital, resulting in pricing corrections that could have implications for the cost of reinsurance purchased by primary writers, thereby hitting their profitability and risk profiles as well,” added the report.
UK’s £800 million Reinsurance Scheme officially opens, to help providing covers to festivals, conferences and live events
The government has partnered with Lloyd’s Market Association to deliver the scheme as part of the Plan for Jobs. The scheme will see the government act as a ‘reinsurer’ – stepping in with a guarantee to make sure insurers can offer the products events companies need. Insurers Munich Re, Beazley, Arch, Dale, and Ark are carriers of the scheme with more firms coming on board in the weeks to come.
WHO recommends antibody treatment for some critical Covid patients
ADB approves $251m for urban flood management in India
Rural demand expected to get Rs 10,700-cr boost from bumper crops: Report
Scientists call for global targets to beat diabetes, strokes
Some 80 per cent of people with diabetes live in low and middle income countries (LMICs), such as India. Fewer than 6 per cent of these individuals can access the care they need to manage their diabetes and prevent long-term complications like heart attacks, strokes, kidney diseases or blindness.
Hitting targets also would reduce deaths over the coming 10 years in all world regions, but the benefits are larger in some than others. For example, Eastern sub-Saharan Africa is the region with the most deaths from cardiovascular diseases due to diabetes at baseline (46 deaths per 1,000 people with diabetes) – if targets were achieved, deaths would fall to 27 per 1,000, the researchers assess.
COVID-19: If third wave comes, then its intensity is likely to be low, says DG CSIR
“We have said it earlier as well. The third wave will come if we invite the third wave to come. It is all about the human behaviour and the virus behaviour.” Dr Samiran Panda, head of epidemiology and communicable diseases, ICMR also said, “States/UTs like Delhi and Maharashtra should not see any upsurge in cases because they have already seen widespread and intense second wave.”
Children less severely impacted by COVID-19 pandemic: WHO chief scientist
Participating in a virtual session on ‘Priorities after Pandemic; What Young India wants?’- Indian Student Parliament, Swaminathan said the reason why people talk about children being susceptible is because vaccination programmes today in most countries are targeting people above the age of 18 and elderly as they are the most vulnerable.
Pfizer says COVID-19 vaccine works in kids ages 5 to 11
While kids are at lower risk of severe illness or death than older people, more than 5 million children in the US have tested positive for COVID-19 since the pandemic began and at least 460 have died, according to the American Academy of Pediatrics.
Cases in children have risen dramatically as the delta variant swept through the country. “I feel a great sense of urgency” in making the vaccine available to children under 12, Dr. Bill Gruber, a Pfizer senior vice president, said.
Hong Kong tycoon Richard Li’s FWD makes U.S. IPO filing public
Richard Li is the son of Hong Kong’s richest man, Li Ka-Shing. FWD’s foundation was laid in 2012 with the acquisition of ING’s Hong Kong, Macau and Thailand units for $2.1 billion, and it has since continued this bolt-on approach.
Major acquisitions include the $3 billion purchase of Siam Commercial Bank PCL’s life insurance unit in Thailand in 2019, just days after agreeing to buy the Hong Kong operations of U.S. insurer MetLife Inc.
Centrica, Nestle, Swatch among companies exposed to physical climate risks – investors
The companies, which are involved in energy and mining, food, pharmaceuticals or technology manufacturing or transport and utilities, are more exposed to issues such as flooding than other companies in their sector and region, the Institutional Investors Group on Climate Change (IIGCC) said.In a letter to the European, Asian and U.S. companies from more than 50 IIGCC members, the investors asked the firms to identify properly and respond to events such as flooding, droughts and extreme heat.
CCI clamps down on cartelisation in beer sales; slaps over Rs 873 cr fine on UBL, Carlsberg, others
The final order has been passed against United Breweries Ltd (UBL), SABMiller India Ltd, now renamed as Anheuser Busch InBev India Ltd (AB InBev), and Carlsberg India Private Ltd (CIPL), among other entities.
An official release said the companies and other entities have been found to be ”indulging in cartelisation in the sale and supply of beer in various States and Union Territories in India, including through the platform of All India Brewers’ Association (AIBA)”.
PM Modi to announce nationwide rollout of Pradhan Mantri Digital Health Mission on September 27
Slow Covid vaccination to cost global economy $2.3 trillion: Study
“Emerging countries will shoulder around two-thirds of these losses, further delaying their economic convergence with more developed countries,” the EIU said.
It warned the delayed rollout of vaccines could fuel resentment, increasing the risk of social unrest in developing economies.
The Asia-Pacific Region will be the worst hit in absolute terms, accounting for nearly three-quarters of the losses.
But as a percentage of GDP, sub-Saharan Africa will suffer the worst losses.
U.S. CDC advisers back COVID-19 booster shots for those 65 and older, not for high-risk workers
Beyond older Americans, the committee also recommended the shots for all adults over 50 with underlying conditions, as well as some 18- to 49-year-olds with those conditions, based on their individual risk profile. Those conditions include cancer, diabetes, certain heart conditions and chronic kidney disease and lung disorders.