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Extreme heat growing health issue; killed 356,000 people in 2019: Study

“The effects extreme heat exposure can have on the body present a clear and growing global health issue,” said Ollie Jay, a professor from the University of Sydney, and a co-author of the Heat and Health report.
The findings echo another report, a two-part series called “Heat and Health” that was also published in The Lancet this week. It calls for global warming to be limited to 2.7 degrees F, in line with the Paris Climate Accords, to reduce heat-related mortality in the future. Otherwise, deaths will increase further and extreme heat will also lessen worker productivity and exacerbate other environmental challenges, such as wildfires, researchers said.

US eases travel advisory for India

The Centre for Disease Control and Prevention (CDC) has now issued a Level 2 Travel Health Notice for India due to COVID-19, indicating a moderate level of COVID-19 in the country.
At the same time, the State Department urged Americans not to travel to Jammu and Kashmir (except the eastern Ladakh region and its capital, Leh) due to terrorism and civil unrest.

General Motors to replace battery modules for some Bolt electric vehicles after fire risks

The automaker also asked owners to charge their vehicle after each use and avoid depleting the battery below approximately 70 miles of remaining range, where possible, to reduce the risk of a fire. GM said it was still recommending customers park vehicles outside immediately after charging and not leave them charging overnight. It said customers should also seek out the software update issued as part of the initial recall.

Healthtech wearable glucose tracker Ultrahuman raises $17.5 mn

The Ultrahuman Cyborg wearable helps people optimise their exercise and nutrition based on glucose biomarkers, the statement added. “Biomarkers will change how the fitness and the healthcare industry works. By being able to continuously monitor their biomarkers like glucose, users can not only avoid chronic diseases but make lifestyle changes that help them improve their fitness levels for longevity and performance,” said Ultrahuman Founder and CEO Mohit Kumar.

LIC, EPFO keen to set up fund for startups: DPIIT Official

Additional Secretary in the Department for Promotion for Industry and Internal Trade (DPIIT) Anil Agrawal said it was decided that a portal will be developed by the Small Industries Development Bank of India (SIDBI) for funding purposes of startups.

These issues came up in the meeting of the National Startup Advisory Council. Agrawal said several initiatives are underway to strengthen the startup ecosystem in the country.

Covid-19 vaccine: India looking at USD 11 bn market opportunity

According to CARE Ratings, the majority of domestic demand is expected to be fulfilled by March 2022, when the export opportunities in the high-income markets such as Europe, North America, and developed Asian countries are likely to be completely exhausted.

However, the export opportunities in various African, Asian excluding China and Japan and some South American countries, where the pace of vaccination remains very slow would still exist, which is expected to remain greater than 1.25 billion doses, it said.

Julie Stephenson to join Swiss Re as Global Head of Casualty

Julie Stephenson will join Swiss Re as Global Head of Casualty and member of the Reinsurance Management Team. She is joining from US commercial and property insurer CNA where she currently serves as a Senior Vice President and Chief Operating Officer, Middle Market.Stephenson joined CNA in 2015 as the Commercial CUO responsible for profitability, portfolio management and underwriting governance for all of CNA’s commercial property and casualty business

HDI Global launches new remote risk survey app: Virtual risk inspections for industrial customers

“The HRC Remote App allows the HRC risk engineers to remotely perform on-site surveys using the camera and audio features of a typical mobile device or data glasses used by the customer. By connecting via nw platform, the risk engineers can see what the customer see and guide them appropriately even when not physically there, while combining engineering expertise with Remote Support based on Augmented Reality – the computer-assisted extension of a physical reality.

China steps up tech scrutiny with rules over unfair competition, critical data

Specifically, the regulator stated, business operators should not use data or algorithms to hijack traffic or influence users’ choices. They may also not use technical means to illegally capture or use other business operators’ data.

Companies would also be barred from fabricating or spreading misleading information to damage the reputation of competitors and need to stop marketing practices like fake reviews and coupons or “red envelopes” – cash incentives – used to entice positive ratings.

Haiti: flash floods and mudslides latest threats in earthquake-hit country

The natural disaster is likely to cost insurers around $250 million, according to catastrophe modeling firm Karen Clark & Co. (KCC).

While the insured losses from this event are estimated at $250 million, the KCC Caribbean Earthquake Reference Model shows that insurable losses are around $1.7 billion (which indicates an insurance protection gap of approximately $1.45 billion), said the firm

In addition to the dead and wounded, initial reports indicate more than 700 collapsed buildings, including hospitals and schools, more than 13,000 homes destroyed, and significant damage to roads.

Fewer women than men will regain work during COVID-19 recovery: ILO 

In Building Forward Fairer: Women’s rights to work and at work at the core of the COVID-19 recovery, the International Labour Organization (ILO) highlights that between 2019 and 2020, women’s employment declined by 4.2 per cent globally, representing 54 million jobs, while men suffered a three per cent decline, or 60 million jobs. 

World Bank launches new Cybersecurity Multi-Donor Trust Fund

“There is widespread agreement in the international community that significantly more cybersecurity capacity building is needed to help low- and middle-income countries become more resilient against attacks and take full advantage of the development opportunities of the digital economy,” said Felix Kroll of the Cyber Foreign Policy and Cyber Security Coordination Staff of the German Federal Foreign Office.

Pandemic has IFC pumping $1.7 billion into local companies, up 51%

The impact of the pandemic coupled with the region’s vulnerability to climate change, has highlighted the need for a collaborative, resilient and climate friendly recovery that can withstand future shocks, said its new regional director for South Asia, Hector Gomez Ang.

While South Asia is one of the fastest growing regions in the world, estimates suggest that climate impacts could reduce its annual GDP by an average of 1.8 percent by 2050, rising to 8.8 percent by 2100 if the region failed to take adequate corrective measures. The region is also estimated to have an untapped climate investment potential of USD3.4 trillion by 2030, Ang said.

NPS” non-govt subscriber base crosses 30 lakh-mark; corpus to hit Rs 1 lakh cr soon: PFRDA

“As of August 14, the non-government sector, which is the corporate and all citizen model, we have seen that the total onboarding (of subscribers) has crossed three million. In this, retail is a big landmark for us.

“Three years ago, our subscriber was just about 13-13.5 lakh (March 2018) in retail and corporate,” the chairman of the Pension Fund Regulatory and Development Authority (PFRDA).

No data shows need for booster vaccines presently: Dr Gagandeep Kang

According to Dr Kang, whether people will have more antibodies or be better protected with the booster dose is still not known.

“It sounds obvious that more antibodies (abs) are better but we really don’t know whether people who push up abs with additional doses will be better protected than with the level they initially made. Or that when abs wane, we need to boost to maintain above some level,” she said.

Further, she explained how people with a poor immune response should get a third dose,