Indian
Reliance’s brand new floating production system collides, no one injured
FPSO is a giant ship that not just has machinery to help produce...
Finance ministry mulls steps to curb cheque bounce cases: Report
Some of the steps suggested before taking legal recourse included...
IDBI Bank bidders need to seek MHA security clearance in the first stage of bidding process
The DIPAM last week invited EoIs from prospective bidders of IDBI...
Car prices to rise as auto cos gear to comply with stricter emission norms
ICRA Vice President & Sector Head, (Corporate Ratings) Rohan...
International
AIA to end all its coal exposure by 2028
COVID-19 disruptions may have contributed to an additional 239,000 child and maternal deaths in South Asia” – UN report
Uber to give UK drivers minimum wage, pension, holiday pay
Uber said it’s extending the benefits immediately to its more than 70,000 drivers in the U.K. Drivers will earn at least the minimum wage, which currently stands at 8.72 pounds ($12.12), after accepting a trip request and expenses, and will still be able to earn more.
Drivers will also get holiday pay equal to about 12% of their earnings, paid every two weeks. And they’ll be enrolled in a pension plan that both they and the company will pay into.
‘Green’ funds shown to herd less, cutting climate shock risk: EU watchdog
ESMA published what it described as a first attempt to assess vulnerabilities to climate-related financial risks using data from 23,965 EU-based funds worth 10.7 trillion euros ($12.7 trillion).
“Within the European financial sector, investment funds are more exposed to climate-sensitive economic sectors than banks, insurers and pension funds. However, few investment fund climate-related financial risk assessments have been conducted,” ESMA said in its latest summary of market risks.
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