Spending plans for clean energy allocated by governments around the world in the second quarter of this year add up to $380 billion, making up just 2% of their total stimulus funds in response to the pandemic, the IEA said. The energy watchdog said the figure represented around a third of what it envisioned was needed to put the world on course to reach net-zero emissions by mid-century.

China puts controlling stake of revamped Anbang on the block for $5.2 bln

Jul 19, 2021

China Insurance Security Fund Co Ltd., the state rescue fund for the insurance sector which is controlled by the Ministry of Finance, aims to auction all of its 98.23% stake in Dajia for 33.38 billion yuan.

South Africa’s riots insurer in spotlight after days of Carnage

Jul 19, 2021

While some claims will be assessed by heavyweight insurers such as Old Mutual Group Ltd. and Santam Ltd., the bulk of the burden will fall to one company little known outside the country: Sasria Insurance Ltd.
Sasria, a state-owned firm with 8.5 billion rand ($591 million) in assets under management, was founded shortly after the Soweto uprising of 1976, when at least 176 people died in demonstrations led by school children against the apartheid government. The frequency and scale of political protests that followed prompted private insurers to stop offering cover to vulnerable businesses, and Sasria was crated to fill the void.

US to expose China’s ‘malicious cyber activities’ after threat to economic, national security

Jul 19, 2021

In the announcement which will be made tomorrow morning at 7 am (local time), there will be three things including — an unprecedented group of allies and partners (the European Union, the United Kingdom, Australia, Canada, New Zealand, Japan, and NATO) will be joining the US in exposing and criticising the PRC’s Ministry of State Security’s malicious cyber activities. This is the first time NATO has condemned PRC cyber activities, the officials said via Teleconference.
“We will show how the PRC’s MSS — Ministry of State Security — uses criminal contract hackers to conduct unsanctioned cyber operations globally, including for their own personal profit. Their operations include criminal activities, such as cyber-enabled extortion, crypto-jacking, and theft from victims around the world for financial gain,” the officials said.

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