“Given strong financial and technological inter-connections, a successful attack on a major financial institution — or on a core system or service used by many — could quickly spread through the entire financial system, causing widespread disruption and loss of confidence.” said Jennifer Elliott and Nigel Jenkinson of IMF’s Monetary and Capital Markets Department

Munich Re’s “Ambition 2025” sets new growth and results targets

Dec 9, 2020

Return on equity to increase to 12–14% by 2025
Solvency ratio to remain in the ideal corridor of 175–220%
Extensive decarbonisation strategy: Shifting away from coal, oil and natural gas“

“With our Munich Re Group Ambition 2025, we’ve created a strategy that is uniform across the Group – spanning reinsurance, primary insurance and asset management. We have committed ourselves to ambitious financial targets, and we will continue adding value for our shareholders, clients, staff and communities. The Munich Re Group Ambition 2025 will help us to elevate Munich Re to a new level of success.”said Joachim Wenning,Chairman of the Board of Management

UK warns people with serious allergies to avoid Pfizer vaccine after two adverse reactions

Dec 9, 2020

“Any person with a history of a significant allergic reaction to a vaccine, medicine or food (such as previous history of anaphylactoid reaction or those who have been advised to carry an adrenaline autoinjector) should not receive the Pfizer BioNtech vaccine,” it said.

Emissions hit new record, put world on track for 3C warming – U.N

Dec 9, 2020

“The year 2020 is on course to be one of the warmest on record, while wildfires, storms and droughts continue to wreak havoc,” said Inger Andersen, UNEP’s Executive Director.

The annual “emissions gap” report measures the gap between anticipated emissions and those consistent with limiting the global temperature rise this century as agreed in the 2015 Paris Agreement.

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