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Emerging risks set to shape a post-COVID-19 world:Swiss Re

COVID-19 to worsen income inequality; growth in the global middle class slowed and poverty levels rose in 2020
• Government support programmes have kept alive unviable zombie companies, leading to increased credit and financial market risks
• Electric vehicles and other decarbonised means of transport can
cut up to 24% of current C02 emissions from fuel combustion

Global media websites, including NYT, FT, CNN face outage

Dozens of high-traffic websites including the New York Times, CNN, Twitch and the UK government’s home page were down. Agencies could not immediately confirm the issue affecting the sites.

San Francisco-based Fastly acknowledged a problem just before 1000 GMT. It said in repeated updates on its website that it was “continuing to investigate the issue.”

Global insurance industry faces IFRS 17 costs estimated at $15 to $20 bn:Willis Towers Watson

Kamran Foroughi, Global IFRS 17 Advisory Leader at Willis Towers Watson, said: “This is an extraordinary figure that will naturally lead to many questions from Boards and investors.
“For many, significant improvements will also be required in business processes and finance operations to deliver IFRS 17 efficiently and link with other metrics. With smart investment and the right people, an insurer’s IFRS 17 programme has the potential to help deliver long-term annual savings to show against the daunting up-front costs.”

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